Wednesday, December 11, 2013

Facing Financial Pressure, Old South Church Sells a Book ::: December 5, 2013 — Needing to put itself on a stronger financial path, the Old South Church in Boston’s Copley Square decided a year ago to divest itself of non-producing assets, and this week learned that the sale of an old book—but not just any old book—will bring it more than $13 million.

The Bay Psalm Book, the first book printed in America, in 1640, sold at auction in New York City late last month to an Australian private equity fund founder and philanthropist for the highest price ever recorded for a print book in an open sale – $14.2 million.

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