Rare first edition of Book of Mormon fetches $105,600 at auction
Published September 20th, 2007
A rare first edition of the Book of Mormon found in a home near Palmyra, the birthplace of the Mormon religion, fetched $105,600 at auction Wednesday.
The 177-year-old book was sold at an upstate New York estate auction to an undisclosed buyer who paid a 10 percent commission on top of a winning bid of $96,000, said Joseph Hessney of the Hessney Auction Co.
There are about 250 first editions held in private collections, perhaps an equal number yet undiscovered, and research libraries and museums hold about 50 copies, collectors say.
In March, Auction Galleries of New York City sold a first edition for $180,000 _ $150,000 bid plus a 20 percent buyer’s premium. It was among the highest prices ever paid for documents associated with the early history of The Church of Jesus Christ of Latter-day Saints.
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