Wednesday, July 1, 2009

Federalist Papers sold for $80,000



I'm glad to see value attached to these items that are of cultural significance.
The people who buy and preserve them for others are golden in my book.

http://historical.ha.com/common/newsletter.php?id=2835&type=histnws-tem063009

History Shines in $1.2 Million Rare Books and Historical Manuscripts Auctions

American history, past and present, converged at combined Rare Books and Historical Manuscripts auctions in Dallas on Tuesday and Friday, June 16-17, when Americans from all corners of the nation logged on to watch the auctioning off of a rare first edition of The Federalist Papers, America's most important political philosophy treatise. When the piece hammered at $80,000 ($95,600 with Buyer's Premium) the applause in the room wasn't only for the greatness of the lot, but also for the recipient of the full hammer price: Captain Nathan Harlan, an Indiana National Guardsman preparing to ship out for his second tour of duty.

Prior to the auction the lot had been conservatively estimated to bring $8,000-12,000, but the price rose amidst a flurry of international publicity and multiple bidders. Before the auction Heritage offered to waive its previously agreed-upon, customary seller's commission in a show of support for Captain Harlan and his upcoming deployment; he gratefully accepted the offer.






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