Mar 18, 2008
JRR Tolkien’s “The Hobbit” book sold at auction for $120K
A 1937 first edition of JRR Tolkien’s “The Hobbit” sold at auction to an anonymous bidder for £60,000 or about $120,000 USD. This was twice the amount that it was expected to receive.
Maps, photographs and manuscripts from the Tolkien estate will also be sold at Bonhams in London.
The copy of The Hobbit is inscribed by Tolkien to his friend Elaine Griffiths, who was instrumental in getting it published.
Tolkien had intended the book for his children but after reading it, Griffiths recommended it to publishers and the first edition of 1,500 quickly sold out later leading to over 100 million copies of the book sold worldwide thus far.
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