Sotheby’s Auctions off First Book Printed in America for $14.2M

The book broke the record for most-expensive-printed book sold at auction

   

Sotheby’s Auctions off First Book Printed in America for $14.2M

Sotheby’s auctioned off the first book printed in America for $14.2 million on Tuesday.

The book, the Bay Psalm Book, is one of only 11 surviving copies from the 1,700 that were originally printed in 1640. The book was bought by David Rubenstein, who plans to loan it to several libraries across the country before finding it a permanent home. The book also set a record for the most expensive printed book sold at auction, even though it didn’t meet the $30 million estimates that it would bring in at auction. Other copies of the Bay Psalm Book are owned by Harvard, Yale and other facilities, reports Reuters.

“We are thrilled that this book, which is so important to our history and culture, is destined to be widely seen by Americans who can appreciate its singular significance,” David Redden, chairman of Sotheby’s books department, told Reuters.

The most expensive book ever sold at auction was Leonardo da Vinci Codex Hammer, which sold for $30.8 million in 1994.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/sothebys-auctions-first-book-printed-america-14-2m/.

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