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Lincoln Artifacts Auction Nets $7.9 Million, Retires Foundation's Debt

The sale of 136 items, including Lincoln's blood-stained gloves, resolves a 2007 loan but raises concerns about public access to historical relics.

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Overview

  • The Lincoln Presidential Foundation auctioned 144 artifacts, selling 136 items to raise $7.9 million, including buyer premiums.
  • The auction’s top-selling item, Lincoln's blood-stained assassination gloves, fetched $1.52 million, while an 1824 handwriting sample sold for $521,200.
  • Proceeds from the auction will be used to pay off the foundation's longstanding $23 million loan, with excess funds allocated for artifact care and display.
  • The sale has drawn criticism from historians and donor Louise Taper, who expressed dismay over the potential privatization of historically significant items.
  • The auction highlights the financial challenges historical institutions face in preserving and maintaining public access to cultural heritage.