Harry Potter First Edition Sets World Records at Heritage Auctions
Written by NH1 News on .
Photo by Heritage Auctions
DALLAS, Texas — A rare, first-edition copy of "Harry Potter and the Philosopher’s Stone" set a world record when it sold for $81,250 during Heritage Auctions’ offering of rare books Sept. 14 in Dallas. Frenzied bidding pushed numerous lots well past their pre-auction estimates, propelling the total sales in the event to nearly $2 million.
This first-edition included 500 original copies, 300 of which were destined for British libraries.
“We are very pleased with the performance of Genre fiction in our auction, continuing on our earlier successes in science fiction, fantasy and mystery and detective literature,” said James Gannon, firector of Heritage Auctions Rare Books. “Heritage is extremely strong in presenting and marketing these books, and by now we have the attention of the rare book market and a large following of enthusiastic bidders.”
A swarm of bidders pursued the first edition of J.K. Rowling’s "Harry Potter and the Philosopher’s Stone" until it more than quadrupled its pre-auction estimate before finally hammering at $81,250. Presented as originally sold, without a dust jacket, the volume also set the world record for the highest price paid for an unsigned work of fiction published in the last 50 years.
“We have sold great Harry Potter titles – not to mention chairs – in the past, but we never really paid attention to such a thing as a world record,” Gannon said. “This recent copy of "Harry Potter and the Philosopher’s Stone" surpassed the earlier record of approximately $60,000 by more than 30 percent. It very well may be the highest price obtained at auction for any unsigned work of literature published in the past 50 years.”
The book is the first in the Harry Potter series. It was released as "Harry Potter and the Sorcerer’s Stone" in the U.S.