Revolutionary War flag auctioned for $12.3M ( total of $17 million )

Reuters ^ | June 14, 2006

[george76]

Anonymous bidder snaps up flag belonging to a Connecticut regiment and three others for total of $17 million.

An American Revolutionary War flag fetched $12.3 million at an auction in New York on Wednesday, and a group of three other flags went for more than $5 million to the same bidder, Sotheby's said.

The total price of $17,392,000 was well over the pre-sale estimate of $4 million to $10 million for the two lots of battle flags captured by the British during the 1775-83 war,...

[george76]

[Vermonter]

And the US Government could have won the bidding for far less than was squandered by theft from FEMA

[Pharmboy]

Thanks for the ping.

This is great that these are coming back here.

[george76]

The second lot, three flags from the Third Virginia Detachment of the Continental Army captured at the Battle of Waxhaws in South Carolina on May 29, 1780, sold for $5,056,000.

[george76]

The first lot, a flag belonging to a Connecticut regiment and captured at an engagement at Bedford/Pound Ridge, N.Y., on July 2, 1779, sold for $12,336,000...

[Professional Engineer]

Flag-o-Ping

[snippy_about_it]

Wow. I hope an American bought them and will make sure they continue to be preserved.

[george76]