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I saw a model 40 yesterday. Good condition. Very affordable.
Any info will be appreciated.
Pete
 

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The Model 40 was Winchester's second attempt to produce an auto shotgun. They are about the worst designed auto shotgun ever made, worst than the first Winchester auto, the Model 1911. They are very heavy and very unbalanced. Not many made and most were recalled and replaced with a Model 12.
About the only good reason to have one would be to complete a collection of having all models of Winchester shotguns.
There was a Skeet Model that came factory fitted with a Cutts Compensator.
WWII stopped production.
 

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Hello dark: Nice "wall hanger" as Old Cowboy said just a horible design. However because they were "recalled" there aren't many around. It could be a good investment if the price is right, the skeet version had nice checkered stalks, as well as the "29" field grades that left the factory with checkered stocks. Regardless, unless the gun is in about 95% conditon, it would not be wise to buy one unless you want to fill out your collection.

Regards Dave
 
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