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California man paid $2 for old photos; one was later insured for $5 million

Randy Guijarro discovered an old photograph believed to include Billy the Kid in 2010, purchased for just $2. This photograph has been appraised at $5 million and may confirm its authenticity. After extensive research, experts linked the image to Billy the Kid’s social life during the late summer of 1878. The image also represents a more human side of the infamous outlaw.

The Times of India

In 2010, a California man paid $2 for three old photographs at a junk shop; five years later, experts said one showed Billy the Kid playing croquet and had it insured for $5 million

TOI World Desk · Oct 13, 2026