Harry Potter first edition sells for over $14,000

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    A rare first-edition copy of Harry Potter and the Philosopher's Stone was sold for more than £7,000 ($14000 US Approx)

    A rare first-edition copy of the first Harry Potter novel sold for more than £7,000 at auction today.

    The copy of Harry Potter and the Philosopher's Stone was snapped up by a specialist book collector for £7,200 following a bidding war this afternoon. The hardback copy, with an original price tag of £10.99, is one of only 500 produced in the first print run of the book in 1997

    The Philosopher's Stone by J K Rowling was the first instalment of the Harry Potter series that went on to become a publishing phenomenon.
    The book was owned by Toby Rundle, 19, from Williton, Somerset, who was sent the book by his mother as a gift while he was at boarding school.
    But the teenager wanted to cash in on the book and put the funds raised towards a classics and English degree at Oxford University.
    The book was auctioned at Dominic Winter auctioneers in South Cerney, Gloucestershire. Including the buyer's premium the book fetched a total of £8,460.
    Book specialist Chris Albury from the auctioneers said Toby's copy was a genuine rarity.
    He said: "Usually popular books are not that rare.
    "But a first edition copy of The Philosopher's Stone is a genuinely rare book.
    "This is because that for some reason there was only a small print run of around 500 books.
    "The majority went to public libraries and the amount that have ended up for sale is only around 100 copies - and that is a tiny amount.
    "So few of these come up on the market that it is really nice to see a fresh copy."
    The Harry Potter series has gone on to become a publishing sensation, with each new book resulting in children and adults alike queuing outside bookshops across the world.
    Later this summer the seventh and final book in the series - Harry Potter and the Deathly Hallows, will be released.

    The book was bought by modern first edition collector David Beswick from Hull. Mr Albury said: "The sale went well, the bidding was not as fierce as we had hoped - it didn't get out of hand.
    "The seller is very happy with the price. The Harry Potter memorabilia market has slowed down following a bit of a peak a few years ago." He said that first edition copies of JRR Tolkien's Lord of the Rings or The Hobbit could be worth even more than Toby's Harry Potter first edition.

    The Daily Mirror