Decree to End Slavery Signed by Lincoln Auctioned for 2 Million USD

Created: 2012-06-28 00:55 EST

Category: World > North America

Bidding on the document that prompted the emancipation of slaves.     

And it finally sells for over two million U.S. dollars.     

The Emancipation Proclamation signed by U.S. President Abraham Lincoln in 1864 freed southern-held slaves, paving the way for the end of bondage.              

But Lincoln detractors maintain the document was ineffectual.        

Agent Seth Kaller disagrees.              

[Seth Kaller, Agent For The Seller, President of Seth Kaller Inc]
"It did free about 40 or 50 thousand slaves immediately, but what it really did is make the Union army an army of liberation and it helped win the war for the North with a significant help from the African American soldiers that the proclamation welcomed into the Union army."              

The winning bid was from David Rubenstein, co-founder of the Carlyle Group who will share the decree with the public at a Washington, D.C. Institution.              

According to the auction house, there were originally 48 copies of the Emancipation Proclamation signed by Lincoln, of which 26 still exist.