First edition Hobbit for £60,000
A signed, first edition, copy of The Hobbit was just sold at an auction house in London for £60,000, twice what the projected value of the book was. The Hobbit is considered one of the most collectable modern firsts because of its small initial print run and is the most expensive book ever sold on AbeBooks.
Also on the block was a first edition of The Hobbit in Swedish (the first foreign translation of the title) as well as the last known photo of J.R.R. Tolkein.