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International Business Times
International Business Times
Business

Rare 'Hobbit' First Edition Auctioned For GBP43,000

Fans wait for actors to arrive at the European premiere of "The Hobbit: An Unexpected Journey" on December 12, 2012 (Credit: AFP)

A rare first edition of J.R.R. Tolkien's "The Hobbit" sold for 43,000 pounds ($57,000) at auction on Wednesday, after it was found during a house clearance in southwest England.

Purchased by a private collector in the United Kingdom, the book is one of 1,500 original copies of the British author's seminal fantasy novel that were published in 1937.

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