True Pundit

Politics

Ronald Reagan Auction Rakes In A Staggering $5.7 Million

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In the midst of a contentious American election cycle, nostalgia for the Reagan years proved robust this week, as more than 400 lots from the former president and first lady’s estate soared past their high estimates to total more than $5.74 million at Christie’s New York.

While the sale’s original $2 million estimate was almost aggressively conservative, few could predict that much of Reagan memorabilia would sell for 1,000 percent or 2,000 percent above its official valuations. A pair of Ronald Reagan’s cowboy boots, replete with presidential seal, carried a high estimate of $20,000 and sold for $199,500. A page of pencil sketches, doodled on White House stationery and signed “Ronald Reagan,” was estimated to sell for $3,500; an eager buyer paid $100,000. – READ MORE

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