Wednesday, October 07, 2009

The man who bought an official copy of the Declaration of Independence for $4

The man who bought an official copy of the Declaration of Independence for $4

A man, who was not identified, bought a torn painting for $4 in a flea market in Adamstown, Pa., because he was interested in its frame. When he got home he removed the painting -- a dismal country scene -- and concluded the frame could not be salvaged, but found one of the 500 official copies from the Declaration of Independence, folded and hidden in the backing. The copy is a crisp, clean broadside, creased along lines where it had been folded. It was printed by John Dunlap on July 4, 1776, to carry news of America's independence to the citizens of the 13 colonies. It is one of 24 known copies of the Declaration, and one of only three remaining in private hands.

The $4 bargain was auctioned for $2,420,000 at Sotheby's. The buyer was Donald J. Scheer of Atlanta, president of Visual Equities Inc. (Link 1 | Link 2)

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