Tag: auction

Rare €50,000 Harry Potter First Edition Finds Its Way Up for Auction

Do you remember the day that you brought home your first Harry Potter book? Do you remember going to the bookstore and picking up a copy of the story that stunned the world? I do. I remember my second-grade self holding my Dad’s hand as we strolled through the aisles of the bookstore to the “big girl section,” so I could pick out my first chapter book, Harry Potter and the Sorcerer’s Stone. I loved that book with all my heart, but I did not take good care of it. Of course, back then, I did not know preserving books was necessary, for if it is a rare copy, it can be worth a lot of money one day. I wrote in my edition. I underlined words that I loved and drew pictures of the Hogwarts ghosts on the pages. I still have my first copy of Harry Potter and the Sorcerer’s Stone, and so do a lot of other Harry Potter lovers, but the question is, are they worth anything?  

 

A rare first edition of Harry Potter and the Philosopher’s Stone, if in good condition, could sell at auction for €50,000. One first edition will be put for auction next week. The book’s owner, a retired vendor who chooses to remain anonymous, said he bought the first edition copy over twenty-one years ago to help children learn English in Luxembourg. In the last twenty-one years, the book has been collecting dust on his bookshelf, until he decided to revisit the copy and read it one last time before seeing if it was worth any money. To his surprise, his edition was one of the remaining two hundred copies known to exist today.

IMAGE VIA WREG

 

A rare first edition of €50,000 must be published by Bloomsbury in 1997, must include duplication of “1 ward” on page fifty-three, and read issue number “10 9 8 7 6 5 4 3 2 1.” Without any of these markings, it is safe to say that the edition is not one of the first.

 

With that said, luck was on this retired vendor’s side when his book turned out to be a first edition. He will also be extremely lucky if he can get the €50,000 amount he desires. Most Harry Potter and the Philosopher’s Stone first editions go for €20,000 to €30,000 in an audition setting. The retried vendor and book expect Jim Spencer think the first edition will get close to his desired amount because of the book’s fantastic condition. If the vendor receives the amount he wishes, he will pay off his daughter’s student loans and help her make a down payment on a house.

 

Personally, I hope that this book makes a splash at the auction next week. When books like these are found and brought to market, it shows that a piece of literature and history has been preserved and loved, which warms my heart. A story like this should remind people and children worldwide to take good care of their books because you never know what they could be worth one day.

What?! How Much Did This ‘Harry Potter’ Sell For?

Back in July, we here at Bookstr reported that a fist edition of Harry Potter and the Philosopher’s Stone had sold at auction for £28,500, or, $34,650.73! Finishing that article, we said that “Sadly, you can’t get this copy anymore since, well, you know, it’s been bought for a gigantic amount of money” but turns out we were wrong!

 

 

The long and short of it is that back in the day, when J.K. Rowling wrote the first of seven books (seven? Wow!), it was entitled Harry Potter and the Philosopher’s Stone and later re-titled Harry Potter and the Sorcerer’s Stone because British publishers weren’t confident American children would know what a ‘philosopher’ was.

Back on June 26th 1997, Bloomsbury published Philosopher’s Stone with an initial print-run of five thousand copies in hardback, three hundred of which were distributed to libraries. The series made serious money—making J.K. Rowling the world’s first person to gain billionaire status from book-writing alone—and those original five thousand copies are now highly valued.

This 1997 edition contains two tell-tale errors: the misspelling of ‘philosopher’s’ on the back page and a double mention of “1 wand” on page 53 in an equipment list.

 

Harry Potter, first edition
IMAGE VIA ITV

 

Now another first edition has has sold for over £46,000 (roughly $57,303) at auction in the U.K, with the buyer paying a total of £57,040 (roughly $71,000) to cover both fees and taxes.

 

Front and Back cover image of Harry Potter and the Philosopher's Stone

Image Via The Verge

 

Shockingly, this first edition of Harry Potter was expected to fetch between £20,000 and £30,000 (roughly $24,000 to $37,000), but a telephone bidding war Thursday skyrocketed the final price. This is happened because, according to the Hansons Auctioneers in Staffordshire, in the West Midlands of England, there were four phone bidders, as well as internet bidders, that helped boost the book from its estimated selling point.

It also might be because the book was kept in pristine condition in a locked briefcase for 20 years, reports the BBC. Jim Hanson, the Hansons book expert, told the Birmingham Mail he “couldn’t believe the condition” of the auctioned book, saying its quality was “almost like the day it was made. I can’t imagine a better copy can be found.”

 

Back cover

IMAGE VIA BBC/NOTE THAT “PHILOSOPHER’S” IS SPELLED AS “PHILOSPHER’S” HERE

 

The book was in such great condition because after the owners realized this edition’s importance, they planned to keep it as an heirloom. What made them decide to sell the book was after they heard about that first edition Philosopher’s Stone selling for over $35,000 in July.

Can’t say I blame them! Unsurprisingly, once the decided to sell the book, Hanson says that:

The owners took such great care of their precious cargo they brought it to me in a briefcase, which they unlocked with a secret code. It felt like we were dealing in smuggled diamonds.

Who can blame them?

 

 

Featured Image Via The Daily Express