JK Rowling's hand-written, illustrated book of wizardry fetched a record 1.95 million pounds ($3.98 million) at auction in London reports Reuters
"The Tales of Beedle the Bard" had been expected to go for up to 50,000 pounds at the Sotheby's sale.
The buyer was from London dealer Hazlitt, Gooden and Fox, the auctioneer said.
"There was applause when it reached one million and more when it finished," a Sotheby's spokesman said. "Bidding lasted about 10 minutes with four or five bidders in the room and the same number on the phones."