Reagan Auction Items Sell for 10 Times Estimate in New York

 FILE - A pair of Ronald Reagan's cowboy boots sit in a case at Christie's prior to an auction in New York, Sept, 16, 2016. The boots sold Friday for $199,500.

FILE – A pair of Ronald Reagan’s cowboy boots sit in a case at Christie’s prior to an auction in New York, Sept, 16, 2016. The boots sold Friday for $199,500.

NEW YORK — A chunk of the Berlin Wall and a pair of cowboy boots that belonged to late U.S. President Ronald Reagan sold for 10 times their estimated value at a New York auction that brought in more than $5.7 million.

Christie’s auctioneers said Friday that more than 1,200 bidders from all over the world registered for the two-day sale of items from the private collection of Ronald and Nancy Reagan.

The 25-inch (63-centimeter), graffiti-covered fragment of the Berlin Wall, signed by Reagan, sold for $277,500 to an undisclosed buyer. It had been expected to fetch up to $20,000.

The wall fragment was considered to have particular significance because of Reagan’s 1987 speech in West Berlin, in which he famously urged then-Soviet leader Mikhail Gorbachev to “tear down this wall.”

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SOURCES: Reuters/VOA News Online

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About Cholo Brooks 13151 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.