First Edition: Harry Potter And The Philosopher's Stone sells for £60,000!

[Dumbledore]

Just 500 original copies of Harry Potter and the Philosopher's Stone, the first installment in the iconic fiction series.

A RARE first-edition Harry Potter book has sold at auction for a record-breaking £60,000 - more than 5,000 times its original £10.99 price tag.

The copy of the much-loved novel is one of just 500 original copies of Harry Potter and the Philosopher's Stone. Published by Bloomsbury in 1997, it was was purchased for £10.99 and kept in pristine condition in a private collection in the UK.

And spellbound bidders in the US last week propelled the final hammer price to $81,250 (£60,211).
 

The book more than quadrupled its pre-auction estimate and set the world record for the highest price paid for an unsigned work of fiction published in the last 50 years.

The previous record was held by a copy of the same book which sold for £43,750 last year - just 75 per cent of the price reached last week.

Rare Books director at Heritage Auctions James Gannon said he was surprised by the record-breaking hammer price.

News Source: The Sun
https://www.thesun.co.uk/news/4529739/harry-potter-first-edition-of-the-philosophers-stone-sells-for-a-world-record-60000-and-heres-how-you-could-cash-in/

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