A hand-written, illustrated book of wizardry by Harry Potter author JK Rowling fetched a record £1.95 million at auction in London on Thursday, nearly 40 times its expected price.

“The Tales of Beedle the Bard” had been expected to go for up to 50,000 pounds at the Sotheby’s sale.

The buyer was from London dealer Hazlitt, Gooden and Fox, the auctioneer said.

All proceeds from the sale will go to The Children’s Voice, a charity Rowling co-founded in 2005 to help vulnerable children across Europe.

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Posted: 12|13|07 at 5:15 pm. Filed under: Auction News.