This Harry Potter Item Just Became The Most Expensive Ever Sold At Auction—By Almost 400%

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Mary Roeloffs is a Forbes reporter who covers breaking news with a frequent focus on the entertainment industry, streaming, sports news, publishing, pop culture and climate change. She joined Forbes in 2023 and lives in Dallas.

Daily Multivitamin Use In Healthy Adults Doesn’t Decrease Risk Of Death, Study Suggests: What To Know About Pros And Cons Of MultivitaminsThe original watercolor painting that was later used as the cover art for the first ever “Harry Potter” book shattered a franchise memorabilia record when it sold at Sotheby’s auction house in New York Wednesday for $1.9 million—almost four times as much as the previous record holder’s sale.

The piece shattered expectations—it was expected to sell for between $400,000 and $600,000—and has increased in value more than 1,650% since it was first auctioned off in London for $108,280 in 2001.The piece of art was featured on the first edition covers of"Harry Potter and the Philosopher’s Stone" in 1997 and was again used last year when Bloomsbury Publishing ordered a commemorative reprint to mark the book's 25th anniversary.

The sale of a handwritten manuscript of “The Tales of Beedle the Bard,” a fairytale book referenced in “Harry Potter,” is expected to sell for between $250,000 and $350,000—bidding will close Friday.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to

$421,000. That was the sale price for the previously most expensive Harry Potter item ever sold. The unsigned first edition of the first book in the series sold in Dallas three years ago. The artwork sold for 351% increase.The artist, Thomas Taylor, was working in a children's bookstore when he received his first ever professional commission from Bloomsbury Publishing to create the"Harry Potter".

 

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