Sunday, June 25, 2006

King papers saved by Morehouse College

Culture: The only regret is the King offspring is going to get some money out of this which they will probably blow thru in a couple of years.

NEW YORK (Reuters) - Sermons, books, notes and speeches by Dr. Martin Luther King Jr. will be spared the auction block next week because the civil rights icon's alma mater, Morehouse College in Atlanta, has bought them. Sotheby's auction house had estimated the value of the collection at up to $30 million ahead of the auction that had been set for Friday, some five months after the death of King's widow, Coretta Scott King. King's heirs had tried to sell it to the U.S. Library of Congress in 1999. But the deal fell through, and the auction had raised concerns about where the historic archive would end up. Sotheby's said late on Friday that Morehouse College, the historically black institution from which King graduated in 1948, purchased it for an undisclosed sum. "This is a wonderful outcome for this collection," Dexter King, son of the murdered leader, said in a statement. "I know my mother would have been happy to see the collection housed permanently in Atlanta, which always meant so much to her and to our family." The King estate runs the King Center in Atlanta, which includes his crypt, a museum and a gift shop. The center has been the focus of financial and management disputes among King's four children. The archive includes a draft of the 1963 "I Have a Dream" speech, his library including books that King annotated while reading, and memorabilia such as plane tickets and suitcases.

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