Author J.K. Rowling created the work, "The Tales of Beedle the Bard," after finishing the seventh and final installment of the "Potter" books, which have sold nearly 400 million copies and been translated into 64 languages....
The book bought by Amazon is one of seven handmade copies, extensively illustrated by Rowling and bound in brown Moroccan leather. It was expected to sell for about $100,000.
Amazon spokesman Craig Berman said Amazon wants to take the book on tour to libraries and schools, though the company doesn't yet have detailed plans. Amazon representatives did not disclose where the book is being stored.
"Purchasing this book with the proceeds going to charity does, in a real tangible way, say thank you to J.K. Rowling for what she's done for readers around the world," Berman said.Amazon has created a special link to show off the book and has even created editorial reviews for some of its stories, with others to follow soon. There are some spectacular pictures of the book showing what a beautiful production it is and the remarkable job that Rowling did in writing it by hand and illustrating it. But $4 million for a a book that is likely to decrease drastically in value over the years? I don't think so.
Rowling said she'd donate the proceeds to The Children's Voice campaign, a charity she co-founded to help improve the lives of institutionalized children across Europe.