‘Astonishingly rare’ first edition of The Hobbit sells at auction for nearly €50,000

Book is one of 1,500 original copies of JRR Tolkien’s seminal fantasy novel that were published in 1937

Caitlin Riley, Auctioneum’s rare books specialist, with the copy of JRR Tolkein's The Hobbit. 'It’s a wonderful result for a very special book.' Photograph: Auctioneum
Caitlin Riley, Auctioneum’s rare books specialist, with the copy of JRR Tolkein's The Hobbit. 'It’s a wonderful result for a very special book.' Photograph: Auctioneum

A rare first edition of JRR Tolkien’s The Hobbit that was found during a house clearance has sold at auction for £43,000 (€49,250).

Bought by a private collector in the UK, the book is one of 1,500 original copies of the seminal fantasy novel that were published in 1937.

Of those, only “a few hundred are believed to still remain”, according to the auction house Auctioneum, which discovered the novel without a dust cover on a bookcase at a home in Bristol.

Bidders from around the world drove the price up by more than four times what the auction house expected.

“It’s a wonderful result for a very special book,” said Caitlin Riley, Auctioneum’s rare books specialist.

“Nobody knew it was there. It was just a run-of-the-mill bookcase. It was clearly an early Hobbit at first glance, so I just pulled it out and began to flick through it, never expecting it to be a true first edition.”

The copy is bound in light green cloth and features black-and-white illustrations by Tolkien, who created his Middle-earth universe while a professor at the University of Oxford.

The book was passed down in the family library of Hubert Priestley, a botanist connected to the university and the brother of the Antarctic explorer and geologist, Sir Raymond Edward Priestley.

It is likely the men knew each other, according to Auctioneum, which said Priestley and Tolkien shared mutual correspondence with his fellow author CS Lewis, who was also at Oxford.

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Ms Riley added it was astonishingly rare to find a first edition in such good condition.

“Being a children’s book, most of them have seen children’s hands, children’s colouring pens in some cases, so to have one that appears to be completely unread and never enjoyed is really, really astonishingly rare,” she told the BBC.

The Hobbit, which was followed by The Lord of the Rings, has sold more than 100m copies and was adapted into a film trilogy in the 2010s.

A first edition of The Hobbit with a handwritten note by Tolkien in Elvish, a family of fictional languages, sold for £137,000 at Sotheby’s in 2015. - Guardian