Rare First-Edition Copy of ‘The Hobbit’ Found in English Home Sells for Nearly $60,000

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Rare first edition of The Hobbit sells for $57,000 at auction A rare first edition of The Hobbit by legendary author J.R.R. Tolkien has gone up for sale at Auctioneum in Bristol, England, after being discovered in the library of an old house. The rare copy fetched $57,000, exceeding the auction's initial estimate of $16,000 to $20,000. While the final price fell short of the astronomical prices achieved by some previous editions of the book, it …