Harry Potter paperback goes $19,120

Before you go, we thought you'd like these...
Before you go close icon
Bull market or bear market, Harry Potter is still in demand.

Dallas-based Heritage Auction Galleries reports that it has sold a 1997 copy of Harry Potter and the Philosopher's Stone for $19,120. The book is one of just 200 copies from the first printing by Bloomsbury, and includes illustrated wrappers and a card signed by author J.K. Rowling.

The Harry Potter book was one of the few things that has surpassed expectations in recent months. The pre-auction estimate was just $12,000.

The sale price was nearly double the previous record for a Harry Potter softcover, although it's not close to being a Harry Potter record: In 2007, a Harry Potter prequel handwritten by Ms. Rowling sold for $4 million in a charity auction to benefit disadvantaged children.

The Harry Potter sale aside, the market for collectibles is in decline with the rest of the economy. Desperate consumers scrounging through their garages for baseball cards has led to market saturation and falling prices, exacerbated by declining consumer demand.
Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners

Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts Don't Get Too Close To a Newborn Giraffe Unless You Want to Get Kicked in the Nuts
Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going Man Suspects His Wife Is Cheating On Him - Then His Daughter Reveals What's Really Going
Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport Nature Gets Revenge On Safari Hunter Who Killed Elephants And Lions For Sport