The buyer of the Bay Psalm Book, as it is known, was David M. Rubenstein of the Carlyle Group, an investment firm in Washington. Mr. Rubenstein has bought a number of historical documents in recent years, including a copy of Magna Carta for $21 million in 2007 (or $23.7 million today, adjusted for inflation).
He placed his bid by telephone from Australia and told the auctioneer, David N. Redden of Sotheby’s, that he planned to lend it to libraries across the country to display, eventually arranging a long-term loan to one of them.
“His intention is not to take these kinds of objects home,” Mr. Redden said.
Now this is what collectors should do with this type of rarities