399-Year-Old Copy of Shakespeare’s First Folio Could Fetch $2.5 Million at Auction

Without the printed collection, many of the playwright’s most iconic works could have been lost to history

First Folio
This copy of the First Folio is one of fewer than 20 in private hands. Sotheby’s

Seven years after William Shakespeare’s death in 1616, two of the playwright’s friends gathered, edited and printed 36 of his texts into large, expensive keepsake books known as the First Folio. 

Because many of Shakespeare’s original manuscripts have been lost throughout history, the printed editions of the First Folio—formally titled Mr. William Shakespeare's Comedies, Histories & Tragedies—contain critical early records of the Bard’s work. Now, on July 7, Sotheby’s will auction a rare 399-year-old copy of the book, which is estimated to sell for $1.5 to $2.5 million. 

When Shakespeare’s friends and fellow actors John Heminges and Henry Condel put together the First Folio in 1623, they did history a great service. Without their efforts, 18 of Shakespeare’s plays, including Macbeth, The Tempest and Twelfth Night, may have been lost forever. Of the 36 plays included in the book, only half had already been printed elsewhere, according to the British Library

The two men also helpfully organized Shakespeare’s work into categories such as comedy, history and tragedy, designations that scholars and directors still use today.

Historians believe that printers created around 750 copies of the First Folio in 1623, according to the Folger Shakespeare Library. Today, only 235 known versions remain, the majority owned by libraries, museums, universities and other institutions. Fewer than 20 copies are in the hands of private owners, which makes any First Folio auction a “major event,” says Richard Austin, Sotheby’s global head of books and manuscripts, in a statement.

Page of First Folio
Shakespeare’s friends John Heminges and Henry Condel edited and printed the First Folio in 1623. Sotheby’s

A family in Scotland, the Gordons, bought this copy of the First Folio sometime in the 17th century, which likely makes it the only remaining copy with early Scottish provenance, according to Sotheby’s. At least five people left annotations and doodles on the First Folio’s pages, and three members of the Gordon family wrote their names. At some point, the copy lost its frontispiece page, which bore Shakespeare’s image.

“This copy is particularly special for the traces of the previous owners in its pages, many of whom have left their indelible imprint throughout the book, reminding us that this is also a living piece of human history that captures the ways in which generations of Shakespeare fans have been inspired by the Bard,” says Austin.

Over the centuries, the book fell into the hands of William Stuart Stirling-Crawfurd, a racehorse breeder and socialite, and R. W. Seton-Watson, a British political activist and professor, per Sotheby’s. In the 1960s it came to the United States, joining the collection of Chicago real estate executive Abel E. Berland, who was its last known owner. 

The last time a copy of the First Folio went up for auction was in 2020, when California’s Mills College netted a record-breaking $10 million for the book to help cover budget shortfalls. Before that, a copy sold in 2001 for $6.1 million. The First Folio also made headlines earlier this year when the University of British Columbia bought a copy—the second to make its way to Canada—for an undisclosed sum.

This edition of the First Folio will be on display at Sotheby’s London galleries through June 15.