NEW YORK -- A first printing of the Declaration of Independence, said to have been found in a picture frame bought at a flea market two summers ago, was auctioned for $2,420,000 yesterday at Sotheby's.
"This was a record for any printed Americana," said David Redden, the auctioneer and a senior vice president at Sotheby's Manhattan. "It was far and away the highest price for historical Americana ever."
The buyer was Donald J. Scheer of Atlanta, president of Visual Equities Inc., a fine arts investment firm. "We thought we would add historical documents to our portfolio," Mr. Scheer said, adding, "We were prepared to pay considerably more."