Tiny Book Fetches Big Bucks At Auction

NEW YORK (November 26, 2013) The tiny Bay Psalm Book dating back to 1640 sold for $14.2 million Tuesday evening in New York City, setting an auction record for a printed book.

The Bay Psalm Book is believed to be the first book printed in what's now the United States.

Only 11 copies survive in varying degrees of completeness.

The book sold at Sotheby's auction house in Manhattan on Tuesday evening was one of two copies held by Boston's Old South Church.

American businessman and philanthropist David Rubenstein bought it.

He plans to lend it to libraries around the country.

The pre-sale estimate was $15 million to $30 million.

A copy of John James Audubon's "Birds of America" was the previous record-holder.

It sold for $11.5 million at Sotheby's in 2010.

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