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Lincoln Artifacts Auction Raises $7.9 Million to Retire Foundation's Debt

The Lincoln Presidential Foundation sold 136 items, including Lincoln’s blood-stained gloves, to resolve a long-standing $23 million loan from a 2007 collection acquisition.

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Overview

  • The May 21 auction, managed by Freeman’s-Hindman in Chicago, sold 136 of 144 lots, generating $7.9 million, including premiums.
  • Top-selling items included Lincoln’s blood-stained gloves from the night of his assassination, which fetched $1.52 million, surpassing their appraisal of $1.2 million.
  • Proceeds from the auction will fully retire the foundation’s remaining loan balance, with any surplus allocated to ongoing collection care and display.
  • The auction represents less than 10% of the foundation’s 1,540-item Lincolniana collection, originally acquired in 2007 via a $23 million loan and $2 million donation.
  • Critics, including former collection owner Louise Taper, have expressed concern over the potential loss of public access to these cultural artifacts now likely headed to private collections.