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flag A rare 1937 "Hobbit" edition sold for £24,000, highlighting the high value of first-edition books.

flag First-edition books, like J.R.R. flag Tolkien's "The Hobbit" and "Harry Potter," can be extremely valuable. flag A 1937 edition of "The Hobbit" recently sold for £24,000, far exceeding initial estimates. flag Signed copies can fetch over £60,000. flag Home insurance specialist David Joyson advises checking home bookshelves for rare editions that could be worth thousands, emphasizing the importance of proper valuation and insurance.

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