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Wednesday, 3 February 2016

Albert Einstein's Notebook, Scrolls fragments among historic manuscripts struggling to find buyer

Featuring fragments of the Dead Sea Scrolls, sheet music signed by Mozart and Albert Einstein’s notebook, it is certainly an eclectic collection.
But this treasure trove of more than 130,000 historic manuscripts – seized by the French courts from an investment firm now under investigation for fraud – appears to be struggling to find a buyer.
The value of the collection amassed by the Aristophil group has been estimated – by some – at hundreds of millions of euros, and the liquidators are determined that it should be sold together.
So anyone wanting an original of Charles Darwin’s On the Origin of Species will also have to cough up for Louis XVI’s last letter to the French people before he was executed and Honoré de Balzac’s journals.
Initial approaches to specific potential buyers appear to have fallen flat, with a spokesman for the sale saying they had now “decided to widen the scope”. 
The buyer has to present “serious guarantees regarding his ability for the custody, safekeeping, management, valorisation, sale or redemption of this outstanding collection,” according to the terms of the sale document.
The sellers are acutely aware that a flood of the documents could cause a collapse in prices in the niche market of historical documents. The spokesman said: “The pieces could not flow on to the market altogether at the same time.”
Independent

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