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Date Posted: 19:50:02 02/14/02 Thu
Author: Matt(Webmaster)
Subject: Potter Produces Profits

Potter Produces Profits

First Edition Harry Potter Book Sells For Nearly $14,000

LONDON, Feb. 12, 2002

(Reuters) A first edition of J.K. Rowling's first Harry Potter book sold for nearly $14,000 at a London auction Tuesday.

"Harry Potter and the Philosopher's Stone" was the first in the series of teen-age wizard adventures that have sold a total of more than 100 million copies worldwide.

"There are about 300 of these first editions," said the buyer Adrian Harrington, a bookshop owner from London.

"This is probably the most important children's book since 'The Lord of the Rings,'" he told Reuters. "Time will prove that."

His hard-cover version will go on sale in his shop. Americans were very interested in the wizard books, buying them for investment purposes or just for their children, he said.

"I think Harry Potter's first editions will always be collected. The book seems to have found a good place in the history of publishing," said Daniel Crouch, a specialist in the book department at Bonhams auction house, which held the sale.

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