Thursday, 31 July 2014
Last updated 16 hours ago
Jun 26 2013 | 11:07am ET
The Carlyle Group's David Rubenstein has added to his collection of historic documents, paying a record price for a copy of a newspaper.
But what a newspaper: It is the July 6, 1776, edition of the Pennsylvania Evening Post, with the U.S. Declaration of Independence printed on the cover, two days after its adoption.
Rubenstein paid $632,500 at auction yesterday for the prize, one of only 19 copies known to exist. "It looks like it did in 1776," Seth Kaller, who represented the seller, told Reuters. "No fading and very little toning to the paper."
As with the rest of his collection of key documents in the history of freedom, Rubenstein intends to lend the newspaper to an institution for public viewing. Other documents he's put on permanent loan include a 1297 copy of the Magna Carta and a copy of the Emancipation Proclamation signed by Abraham Lincoln.
"He purchases these and then is putting them on permanent loan at important institutions so that more people can see them," Christopher Ullman, a spokesman for Carlyle, said. "When he dies, he'll make them permanent."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…