Sotheby’s, is expected to announce plans to auction a Magna Carta in mid-December, estimates that the document will sell for $20 million to $30 million. It is the only copy in the United States and the only copy in private hands. Sotheby’s says the 16 others are owned by the British or Australian governments or by ecclesiastical or educational institutions in England.

Until last week, this copy was on display in the National Archives in Washington, steps from the Declaration of Independence and the Constitution. But it was only on loan from a foundation controlled by the Texas billionaire Ross Perot, who bought it in 1984 for $1.5 million.

Posted: 09|25|07 at 8:49 am. Filed under: UK News.