Amazon.com Pays $4 Million for JK Rowling's New Book


	Amazon.com Pays $4 Million for JK Rowling's New Book

cclogston

12-14-2007 7:57 AM

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jk rowling

cclogston says:

Amazon.com is now buying books as well as selling them. An Interesting development.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/159a3e38-1c72-4ca2-b8f8-decefe706076/0C57D8BC-B036-417C-9D58-F909AEB44654/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.latimes.com/features/books/la-bkw-rowling14dec14,0,2315801.story?track=rss" href="http://www.latimes.com/features/books/la-bkw-rowling14dec14,0,2315801.story?track=rss" style="font-size: 11px;">www.latimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/features/books/la-bkw-rowling14dec14,0,2315801.story?track=rss"><DIV>
					LONDON -- A book of fairy tales created, handwritten and illustrated by J.K. Rowling sold for nearly $4 million at auction Thursday, with the proceeds to benefit her children's relief organization.</DIV>
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Online retailer Amazon, the winning bidder at Sotheby's auction house, now finds itself in the unusual position as a buyer rather than sellers of books as owner of one of only seven copies of Rowling's "The Tales of Beedle the Bard," which is leather bound with silver mounts.</DIV>
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The book originally had been expected to sell for about $100,000. The standing-room-only crowd applauded as bidding topped the $2 million mark. The money will benefit the Children's Voice, a charity co-founded in 2005 by Rowling and Baroness Emma Nicholson of Winterbourne, a member of Britain's House of Lords, to help vulnerable children across Europe.</DIV>
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