9.26.2007

$30 million for Ross Perot's Magna Carta


Sotheby's will offer the Magna Carta from Billionaire Ross Perot's foundation for as much as $30 million in New York in mid-December, Bloomberg reports.

The document, which laid the foundations for English political and civil liberties in 1215, was on loan to the National Archives in Washington, said Sotheby's spokesman Matthew Weigman, in a telephone interview. The 2,500-word document is the only one in the U.S. and was bought by Perot in 1984 for $1.5 million, the New York Times reported earlier.

Perot's foundation will use the funds for medical research, public education and other programs, the Times said, citing an employee of the foundation.

seen at Luxist.com

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