Today (Thursday) March 9th, for the second time, the legendary Neal Cassady-Jack Kerouac “Joan Anderson letter” went up for auction – and sold this time for $206,250
See earlier note on The Allen Ginsberg Project – here
and an excerpt from the letter here –
The question is….will it ever be published?
The actual sale price was $165K, with a 25% purchase fee that goes to auction house on top of that.
The Buyer paid $206, 250 but that (full) amount did not go to the sellers.
In this particular case, the seller(s) divided (and will be taxed on their share of) $165,000.