1777 copy of the New Testament Bible sells for $199,500 at John McInnis Auctioneers, March 15thThe antique Bible, diminutive at just 7 inches by 4 ¾ inches and in fair condition, was the top lot in the virtual online auction of the estate of Peter Hickey, held on-site in Newburyport, Mass.
By: John McInnis Auctioneers "The price achieved for the Bible was very much a surprise, both to the family and members of my auction team that cataloged the sale," said auctioneer John McInnis. "But the sale had eyes on it, and we had seven hundred registered bidders. There was chatter. People were talking and that led to competition and spirited bidding. In the end the buyer and the seller were both happy." McInnis added, "I've been in the auction business for forty-five years. This was a classic example of things being done the right way and the items up for competitive bidding, not just the Bible, being showcased properly. Often, families hire a company to hold an estate tag sale. If this family had done that, the Bible could easily have been tagged at ten or twenty dollars or put into a boxed group lot. By going with a reputable auction house like ours they made the right choice." McInnis said kudos need to go out to Dan Meader and Jay Williamson, key members of his team who did a yeoman's job of pulling it all together. "Jay did the cataloging, but to say it was a challenge for him and Dan to go through a completely packed house and have to sort, organize and re-stage everything would be a huge understatement," During the auction, the bidding was fast and furious, up to around the $80,000 mark. "Then it quickly dwindled down to two determined bidders," McInnis said. "In the end, a local rare books aficionado outbid a New York City rare books firm. It was fun watching them go toe-to-toe." Coincidentally, a month earlier, a first edition copy of The Book of Mormon from 1830 sold for over $200,000, surpassing the prior auction record of $240,000. The two auctions suggest that the demand for antique religious texts may be gaining traction as a collectible, one with high-dollar potential. To learn more about John McInnis Auctioneers, LLC, visit www.mcinnisauctions.com. Updates are posted frequently. End
|
|