550-year-old Jewish holy book Mishneh Torah - which was expected to make $5m at auction - bought by museums in New York and Jerusalem - Americas - World - The Independent

550-year-old Jewish holy book Mishneh Torah - which was expected to make $5m at auction - bought by museums in New York and Jerusalem

Collection of Jewish artefacts being sold off by hedge fund manager Michael Steinhardt

A 550-year-old Jewish holy book expected to reach around $5 million at auction has been bought in a private sale by two museums in Jerusalem and New York.

The copy of the Mishneh Torah, from Italy around 1457, is an early copy of the code of Jewish law assembled by Maimonides.

On the morning of the planned auction at Sotheby's in New York, The Israel Museum and The Metropolitan Museum of Art announced its joint acquisition.

Sotheby's declined to say how much the lot fetched, beyond that it was more than the $2.9 million (£1.8 million) paid for a Hebrew Bible in 1989 at Sotheby's London, which set an auction record for a Jewish artefect.

The book had an estimate of $4.5 million  to $6 million (£2.8 million to £3.9 million) before auction, and was part of a collection of Jewish artefacts, or Judaica, expected to reach $11 million (£7 million) at Sotheby's. The collection belongs to philanthropist and former hedge fund manager Michael Steinhardt and his wife, Judy.

Thomas P. Campbell, Director and CEO of The Metropolitan Museum of Art, said: “We are pleased and proud to collaborate with the Israel Museum on acquiring such a rare and important manuscript for both of our institutions. The Mishneh Torah is a justly celebrated work that attests to the refined aesthetic sensibility of members of Italy’s Jewish community as well as to the opulence of North Italian book decoration in the 15th century."

And Mr Steinhardt, 72, said:  “We could not be happier that this rare and remarkable manuscript will be in the care of the Israel Museum and The Metropolitan Museum of Art in perpetuity.

"One of the world’s most significant Hebrew manuscripts, the Mishneh Torah will add important new dimensions to both collections - and its shared homes in New York and Jerusalem will ensure the broadest public engagement with the work. Judy and I are also delighted for our role within the group of donors who are making this key acquisition possible.”

The 385 other lots cover seven centuries of Jewish culture and come from around the world. Many items are estimated at less than $10,000.

In the press release, Sotheby’s calls the sale “the most significant collection of Judaica to be offered at auction in half a century.”

News
John Travolta is a qualified airline captain and employed the pilot with his company, Alto
people'That was the lowest I’d ever felt'
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing
News
peopleThe report and photo dedicated to the actress’s decolletage has, unsurprisingly, provoked anger
Property
Home body: Badger stays safe indoors
property
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
News
The programme sees four specialists creating what they believe are three perfect couples, based on scientific matchmaking. The couples will not meet until they walk down the aisle together
tvUK wedding show jilted
Arts and Entertainment
US pop diva Jennifer Lopez sang “Happy Birthday” to Gurbanguly Berdimuhamedow, president of Turkmenistan
musicCorporate gigs become key source of musicians' income
Arts and Entertainment
You've been framed: Henri Matisse's colourful cut-outs at Tate Modern
artWhat makes a smash-hit art show
Arts and Entertainment
While many films were released, few managed to match the success of James Bond blockbuster 'Skyfall'
filmsDaniel Craig believed to be donning skis as 007 for first time
Sport
Mikel Arteta pictured during Borussia Dortmund vs Arsenal
champions league
Voices
Yes supporters gather outside the Usher Hall, which is hosting a Night for Scotland in Edinburgh
voicesBen Judah: Is there a third option for England and Scotland that keeps everyone happy?
Arts and Entertainment
Pulp-fiction lover: Jarvis Cocker
booksJarvis Cocker on Richard Brautigan
Arts and Entertainment
Robin Thicke and Pharell Williams in the video of the song, which has been accused of justifying rape
music...and he had 'almost no part' in writing it
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Senior QA Engineer - Agile, SCRUM

£35000 - £50000 per annum + benefits: Ashdown Group: Senior QA Engineer (Agil...

Marketing Executive - West Midlands - £28,000

£26000 - £28000 per annum: Ashdown Group: Digital Marketing Executive (SEO, PP...

Retail Business Analyst

£40000 - £50000 Per Annum: Clearwater People Solutions Ltd: Our retail client ...

Senior C++ Developer

£400 - £450 Per Annum possibly more for the right candidate: Clearwater People...

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week