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24HourForums.com > The Top 10 Supported Forums > Aethelred's History Chamber > selling the Magna Carta |
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Lady Cop Pioneer100© Member  BAH HUMBUG
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RARE DOCUMENT TO BE AUCTIONED  The copy of the Magna Carta is the only one in private ownershipA rare copy of the Magna Carta, the document that enshrined human rights in English law, is to be sold in New York. The copy owned by the Perot Foundation is expected to fetch more than $20m (£9.94m), auctioner Sotheby's says. The copy on sale, dating from 1297, was bought by Ross F Perot in 1984 and is the only one in private ownership. King John signed the original Magna Carta in 1215, outlawing imprisonment and the seizure of property without due legal process, including trial by jury. The Perot 1297 manuscript, bearing the seal of King Edward I, is due to go on auction in December. It was on view until recently in the National Archives in Washington. The Magna Carta came into being as the result of a dispute between King John and English barons. The charter guaranteed basic freedoms and property rights and ensured that the king was not above the law. Only four copies dating to the 1215 signing of the Magna Carta are believed to have survived, and all of them are in England.
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24HourNut Administrator  Body pillows rock!
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So cool, love that type of stuff.
The best human beings start good new topics and vote on the better posts. |
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AuldFartte Original500© Member  Make the Scary Palin Go Away!!
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24HourNut wrote: So cool, love that type of stuff.Me, too. That is cool  I'd bet Bill Gates will be among the bidders.
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Aethelred Pioneer100© Member  Ye Olde Dead King
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To own such an item! (sigh)
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Lord Marcovan Original500© Member  Robertson Shinnick
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Hard to put a price on something like that. Guess that's where the word "priceless" came from, huh.
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Lady Cop Pioneer100© Member BAH HUMBUG
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NEW YORK — A 710-year-old copy of the declaration of human rights known as the Magna Carta — the version that became part of English law — was auctioned Tuesday for $21.3 million, a Sotheby's spokeswoman said. The document, which had been expected to draw bids of $30 million or higher, was bought by David Rubenstein of The Carlyle Group, a private equity firm, the spokeswoman said. Sotheby's vice chairman David Redden called the old but durable parchment "the most important document in the world, the birth certificate of freedom." The document was owned by the Perot Foundation, created by Texas billionaire H. Ross Perot, since the early 1980s. It had been on exhibit at the auction house for the past 11 days. Bearing the seal of King Edward I and dated 1297, it is one of 17 known copies of the historic tract that defined human rights as the foundation for liberty and democracy as it is known today. It is one of two that exist outside Britain; the other is in Australia. The Perot Foundation bought its copy from a British family for $1.5 million. From 1988 until earlier this year it was on loan to the National Archives in Washington, sharing space with the Declaration of Independence and the U.S. Constitution, two documents that drew on its principles. "Over those years," Redden said, "it may have been seen by 40 to 50 million people, certainly the most viewed version of the Magna Carta anywhere." The Magna Carta came into existence when a group of English barons demanded that King John affix his seal to a list of protections at Runnymede in 1215. Those edicts were not fulfilled, but subsequent versions of the document followed for the next 80 years, until 1297, when it was codified into law. Tuesday's sale price included the auction house's commission.
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JustifiedByFaith Pioneer100© Member  Without Jesus we fall short...
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 Bought @$1.5M in 1988 Sold @$21.3M in 2007 ___________ $19.8M+- profit $1.042M+- per year growth Also a great investment for Mr. Perot. 
Jesus said, "Take heed that no one deceives you." Matthew 24:4 |
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Aethelred Pioneer100© Member Ye Olde Dead King
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For those who care, here is a coin from my collection that dates to that period: England, Silver Penny, King John, AD 1199-1216 (issued AD 1210-1217), NGC VF-35  
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24HourForums.com > The Top 10 Supported Forums > Aethelred's History Chamber > selling the Magna Carta | ||||||||||||||||||||||||||||||||||||||||
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