In the News: Otago Daily Times - Book a good buy at charity auction

You may have heard of this book auctioned off in support of the Otago Flood Relief Fund... Thanks to Susan for passing this along!

Book a good buy at charity auction
by Kerry Williamson
Otago Daily Times, Dunedin - December 13, 1999

Queenstown: It has been dubbed the bargain of the century -- a hard cover Lord Of The Rings book signed by cast and crew of the $360 million film adaptation yesterday sold at auction for $2500.

The book was the first item of memorabilia to be sold since Wellington director Peter Jackson announced he would adapt J. R. R. Tolkien's trilogy into three films earlier this year.

It attracted fierce bidding at an auction in Queenstown to raise funds for the Otago Flood Relief Fund and was bought by a movie crew member on behalf of an anonymous buyer.

It is understood the book has already been valued at about $US50,000.

Interest in the book was high last week and organisers of the Queenstown Flood Relief auction were approached by numerous overseas buyers keen to make a bid.

The book was also advertised on unofficial Lord Of The Rings Internet sites. One web site offered to auction the book over a week and was expected to raise bids several thousand dollars.

However, the organisers opted to keep the auction local, a decision which probably kept the price of the book down.

Lord Of The Rings publicist Claire Raskind yesterday described the book as "the bargain of the century". She said interest in the auction had been "amazing".

Dunedin-based auctioneer Trevor Plumbly said yesterday that the book probably sold "for a fair price".

The book was the most expensive item at the auction, organised by Queenstown-based radio station Resort 99FM and producers of The Vertical Limit, a film being shot in and around Queenstown.

It raised more than $10,000. Funds will be used to help victims of last month's record flooding in Central Otago.

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