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Sotheby’s Lennon Auction Fetches Huge Sales

NEW YORK, NY - MAY 29: Some of the letters and poems from John Lennon which are to be auctioned at Sotheby's auction house are viewed on May 29, 2014 in New York City. The drawings, poems and prose were created for inclusion in the books 'In His Own Write' and 'A Spaniard in the Works'. According to Sotheby's, this will be the largest private collection of Lennon's work to come to ever be auctioned. Lennon was shot and killed in New York City on December 8, 1980.
A number of John Lennon artifacts went up for auction today at Sotheby’s in New York, and they were sold for some outrageous prices.

According to The Associated Press, the collection of Lennon drawings, written works and poems belonged to Tom Maschler, Lennon’s British publisher and is the largest private collection of Lennon artifacts to go to auction.

There were 89 lots sold and most of them sold for well over the estimated appraisal price.  You can head to Sotheby’s website to see what each lot sold for, but here’s an example to give you an idea of the success of this auction:  A nine-page manuscript of a story Lennon wrote was estimated in value to be between $50,000 and $70,000.

It sold for $209,000!  Who has that kind of money just burning a hole in their pocket?!  Someone ought to call the “Taxman” on them!