'Harry Potter' first edition book sells for $57,000

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'Harry Potter' first edition book sells for $57,000
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The pristine copy of 'Harry Potter and the Philosopher's Stone' has been kept in a briefcase for 20 years.

was expected to fetch between £20,000 and £30,000 , but a telephone bidding war Thursday skyrocketed the final price.

The winning bid was £46,000, which is roughly $57,303. The buyer will pay a total of £57,040—roughly $71,000—to cover fees and taxes. Hansons Auctioneers in Staffordshire, in the West Midlands of England, said four phone bidders, as well as internet bidders, helped boost the book from its estimated selling point.The family who sold the book had planned to keep it as an heirloom and had kept it safe in a briefcase.

were initially printed when it was published in 1997. 300 of those books were sent to libraries around the U.K.he"couldn't believe the condition" of the auctioned book, saying its quality was"almost like the day it was made. I can't imagine a better copy can be found." "I'm absolutely thrilled the book did so well—it deserved to," said Hanson."A 1997 first edition hardback of"The owners took such great care of their precious cargo they brought it to me in a briefcase, which they unlocked with a secret code. It felt like we were dealing in smuggled diamonds.

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