The First Art Newspaper on the Net    Established in 1996 Saturday, October 23, 2021


Hamilton beats original estimate by a landslide
The Hamilton letter joins other historical documents which also sold for well over original estimates in the Lion Heart Autographs Auction No. 13 held earlier this week.



NEW YORK, NY.- Lion Heart Autographs, Inc. announced that a rare letter from Alexander Hamilton to James Madison (1790) sold for well over the original estimate at $113,850. The original estimate at auction was $8,000-$10,000. The Lion Heart Auction No. 13 took place on Wednesday, April 28, 2021 in New York.

The unique 1790 Alexander Hamilton handwritten letter to James Madison mentioning Thomas Jefferson: the only letter between the two ever to appear at auction and likely the last one still in private hands chronicled the events which inspired “The Room Where It Happens,” from the musical “Hamilton.”

The letter connecting three founding fathers was written when Hamilton, the nation’s first Secretary of Treasury, and Secretary of State Jefferson were at odds, until, with Madison’s assistance, they resolved their differences and agreed to the Compromise of 1790, which provided for the nation’s capitol to be moved to a location on the Potomac River and the passage of Hamilton’s resolution that the federal government assume the debts incurred by the states that had fought in the Revolutionary War.

Other outstanding results from the auction include the rare Mahatma Gandhi’s quote on faith which sold for $11,500 (original estimate was $3,000-$4,000); a handwritten “Stopping By Woods on a Snowy Evening” poem by Robert Frost which sold for $35,650 (original estimate was $8,000-$10,000); a John Adams letter about the War between France and Britain sold for $26,450; a William Clark of Lewis & Clark Signed Document sold for $12,650 (estimate was $1,600-$1,800); a Dickens quote sold for $10,637; a George Washington land parcel sale document sold for $10,925; a Benjamin Franklin Inscription sold for $14,375 and a Montgomery el Alamein manuscript sold for $14,375.

Lion Heart Autographs Auction No. 13 featured over 170 lots of rare and historical documents, manuscripts and ephemera from two private collections that were hidden away for decades. The auction exceeded several original estimates and saw bidders from around the globe bidding fast and furious throughout the auction event.











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