Book Published in 1640 Sets a Record at Auction

Adam C.
A book of Psalms from 1640 was sold for over 14 million dollars this week. The book already held the distinction of being the first book printed in English in North America, and now it is the most expensive book ever sold at auction. Here are 12 words to help you comprehend the mind boggling dates and amounts involved. Book Published in 1640 Sets a Record at Auction<\a> From the New York Times, November 26, 2013
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Full list of words from this list:

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  1. auction
    the public sale of something to the highest bidder
    Now it holds two: It is also the most expensive book ever sold at auction.
  2. puritan
    someone who adheres to strict religious principles
    The little volume of psalms, one of only 11 known to exist out of roughly 1,700 printed by 17th-century Puritans in Massachusetts, went for $14,165,000 at auction on Tuesday.
  3. inflation
    a general and progressive increase in prices
    Mr. Rubenstein has bought a number of historical documents in recent years, including a copy of Magna Carta for $21 million in 2007 (or $23.7 million today, adjusted for inflation).
  4. premium
    a fee charged for exchanging currencies
    The price, which included the auction house’s premium, set a record for a book sold at auction, beating the $11.54 million paid in 2010 for a copy of John James Audubon’s “Birds of America” (equivalent to $12.39 million today).
  5. curator
    the custodian of a collection, as a museum or library
    “It’s one of those things where there are 11 known copies, so it’s one of the holy grails for book collectors,” Michael Inman, the curator of rare books at the New York Public Library, said this month.
  6. shilling
    a former monetary unit in Great Britain
    It sold at Sotheby’s in London in 1855 for 19 shillings, which Mr. Inman estimated was 1,900 British pounds or about $3,075.)
  7. disdain
    lack of respect accompanied by a feeling of intense dislike
    The Puritans, who disdained the King James Version of the Bible, retranslated the psalms from Hebrew.
  8. a cappella
    without musical accompaniment
    They meant their translations to be sung a cappella — at church or at home.
  9. colonial
    relating to a body of people who settle far from home
    Over the years, its congregation has included Samuel Adams, the colonial patriot who was a cousin of President John Adams, and Elizabeth Vergoose, a printer’s wife who is thought to be the Mother Goose of the nursery rhymes.
  10. stash
    a secret store of valuables or money
    Prince was also a book collector who stashed his collection in the nooks and crannies of the church.
  11. ministry
    the work of a person authorized to conduct religious worship
    The congregation voted last year to sell one copy to pay for ministries and repairs to the church’s 1875 building.
  12. successor
    a person who inherits some title or office
    The church’s historian, a longtime member of the congregation, resigned his post to protest the sale, and a successor was named.
Created on 十一月 27, 2013 (updated 十一月 27, 2013)

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