Magna Carta to be Auctioned
Sotheby's, the New York based auction house, announced Tuesday it would place a rare 710-year-old copy of the Magna Carta up for bid in December. The Magna Carta -- currently owned by the Perot Foundation -- is expected to fetch upwards of $30 million.Agreed to by King John of England in 1215, the Magna Carta established the rights of English people while limiting the King's power. The U.S. constitution barrows phrases and ideas from the charter.
The Magna Carta was ratified and reaffirmed, through the 13th century, with every monarch who succeeded King John. When it was reissued by King Edward I in 1297 it was also enacted into law by parliament.
It is the only copy in the U.S. and it's also the only privately held copy. The 16 other copies are owned either by British governments, Australian governments or by churches or educational institutions in England.
Up until last week, this copy was on display at the National Archives in Washington.
Leta of The Fibbertigibbet blog shares some personal Magna Carta related info:
And I really need to spend more time at the National Archive. When I was about 12 my Mom bought me a membership in the Archive and, packrat that I am, I still have some of the membership documents they sent me. At least, I think I do. But they've had Ross Perot's Carta on loan and on display for several years now and I ... I don't think I've seen it. I've admired the Declaration of Independence, but, heck, that's an 18th century document, practically yesterday.Opinions abound about who should buy the historical artifact. Simon Fodden of www.Slaw.ca recommends the country of Canada:
This is a great opportunity for Canada to acknowledge this seminal event in its legal heritage by buying the Perot copy. It would take flair and a decent slice of some otherwise grey budget: is the government up to it? After all, it would only cost the price of one fighter jet. (Speaking of fighter jets and Australia, that country plans to buy 100 F-35’s at a cost of AUD16 billion — we don’t want to look like pikers all round, do we?)Other potential buyers seem to want to use the sale as an opportunity to make a political statement. Wolfrum of Shakesville:But let’s say we feel we really need every last fighter aircraft we can scrounge; an alternative would be for each of us to cough up a loonie, a small price to pay for a slice of history like this. My buck’s already in an envelope, ready to mail in whenever the government kicks off it’s Carta for Canada Campaign.
If you’d like to paw over the goods before deciding to purchase, you’ll have to make do with the British Library’s online version of the original.
. . . several potential buyers have come forward saying they plan on "Bondsifying" the document with a large asterisk before donating it back to the National Archives.
"Being that Habeas Corpus is essentially meaningless in the U.S., so is the Magna Carta, really," said one anonymous potential buyer. "It really needs an asterisk so everyone knows it's not something we take seriously anymore."
UPDATE: The document sold for $21.3 million to Washington businessman David Rubenstein "who said he was determined to see it remain in the United States."
-Dippold
Political Online Reputation
Labels: Constitution, Magna Carta

