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Forbes
4 days ago
- Business
- Forbes
First Edition of The Hobbit Found In A UK Estate: A Lesson for Collectors and Their Heirs
On August 4, 2025, the New York Time reported that a first edition copy of J.R.R. Tolkien's The Hobbit, nestled inconspicuously among everyday books in a Bristol home, had emerged during a routine estate clearance. The family had no idea this literary treasure was hiding in plain sight. Only when a specialist called in to assess the estate, recognized its significance, did the book's true value, estimated at £10,000 to £12,000 was known. Although not as valuable as the legendary gem Arkenstone featured in the Hobbit, the book is at auction that will close on Wednesday August 6, 2025, and the winning bidding is £43,000, or more than $57,000 USD. This discovery raises the issue every collector and estate planning professional should consider: the hidden value that may exist outside a formally documented collection. For collectors, families, and fiduciaries alike, this underscores why estate planning for collectibles must go beyond only the obvious. Books, especially children's books, are easily lost, damaged, donated, or sold for a fraction of their worth, simply because it wasn't considered to be worthwhile adding it to a collection. It's a scenario I encounter often in my own work as a trusts and estates attorney and private fiduciary that items fall through the cracks, not from neglect, but from lack of knowledge or documentation. Estate Planning Lessons from Unexpected Collectibles Collectors often focus attention on their primary passions—be it fine art, rare gemstones, antique cars, or rare manuscripts—while other possessions are dismissed as 'ordinary.' The Hobbit story is a case study in why this approach can be costly. First, heirs and executors are rarely experts in the collector's interests much less those things the collector is not interested in. A shelf of old books or a box of faded photographs—may hold gems that require a specialist's eye. Keeping a detailed inventory, even of possessions outside the main collection, and periodically reviewing these with experts, is useful, but keeping an open eye is even more important. Once I was going through a house in an estate and saw a small baby food jar on a shelf in a closet half full of pennies. I wondered why someone would put a jar of pennies in a safe place so took it down and found that each penny was a key coin, some of which were worth thousands of dollars. Second, regular communication is vital. Share your knowledge and intentions regarding your collectibles with your heirs now. Supplement your estate plan with clear notes and instructions, so future custodians know what to look for and whom to consult. Third, engage professionals. Estate planning should include not only the transfer of wealth, but also the preservation and realization of sentimental and financial value in less obvious assets. Estate attorneys, appraisers, and fiduciaries can help catalog and assess hidden treasures—ensuring nothing of value escapes attention. In my opinion, the lesson is clear: Treat every possession with the respect and curiosity it deserves. Estate planning for collectors must include both obvious and subtle assets, and heirs should never assume that value is always visible on the surface. The Unexpected Brilliance of Routine Estate Reviews When I counsel families, I encourage periodic 'estate walkthroughs'—a collaborative look at not just the prized items, but also forgotten corners, bookshelves, and attics. Surprises are more common than you might think. Proactive planning not only preserves value but honors the collector's true legacy. The discovery of The Hobbit is more than a literary footnote; it's a wake-up call for collectors and their loved ones. Take steps now to inventory, appraise, and communicate about all your valuables—because sometimes, the greatest treasures are hiding in plain sight.
Time of India
27-06-2025
- Entertainment
- Time of India
David Beckham recovers after wrist surgery from old injury – Victoria shares hospital pic
David Beckham was in the hospital recently for surgery. His wife, Victoria Beckham, posted a photo of him lying in a hospital bed with a sling on his arm. She wrote 'Get well soon daddy' on the post. David is 50 years old and looked happy in the photo, even though he was in a hospital gown and had wires connected to him. The surgery was done to fix a wrist fracture that happened 22 years ago during a 2003 football match against South Africa, as reported by Irish Star. Doctors found an old screw in his arm Doctors found that a screw from his old surgery had not dissolved and was still stuck in his forearm, so they had to remove it. Another photo showed Beckham at home resting with a 'Get Well Soon' friendship bracelet on his wrist. Victoria also showed boxes of Beeup, the fruit snack brand that Beckham launched earlier this month. Beckham hasn't personally spoken about his surgery or condition on social media yet. But he did go on Instagram to congratulate Aryna Sabalenka, a famous tennis player, for joining IM8, the health supplement company he co-founded, according to the New York Time report. Will Beckham attend the big match? He posted a picture of them holding an Inter Miami jersey and wrote, 'Welcome to the family.' It's not confirmed if Beckham will be present at Inter Miami's upcoming game against Paris Saint-Germain in the Club World Cup on Sunday. Live Events The match is happening in Atlanta, Georgia, at the Mercedes-Benz Stadium. Lionel Messi will be playing against his old team, PSG, in that match. If Inter Miami wins, they'll move into the quarterfinals of the Club World Cup, as reported by New York Time report. FAQs Q1. Why was David Beckham in the hospital? He had wrist surgery to fix a 22-year-old injury. Q2. Will Beckham attend the Inter Miami vs PSG match ? It's not confirmed yet due to his recovery. Economic Times WhatsApp channel )
Otago Daily Times
23-06-2025
- Politics
- Otago Daily Times
Iran fires missiles at US airbase in Qatar
Iran's military said it had carried out a "devastating and powerful" missile attack on the Al Udeid US airbase in Qatar, after explosions were heard across the Qatari capital following Tehran's threat to retaliate for US airstrikes. The New York Time reported Iran took the action to minimize casualties and informed Qatar in advance of the strikes. No US personnel were killed or injured in Iran's attack against the largest US military installation in the Middle East, two U.S. officials told Reuters. The officials, speaking on the condition of anonymity, said the Iranian attack was carried out by short-range and medium-range ballistic missiles. Iran had issued threats to retaliate against the United States after US bombers dropped 30,000-pound bunker-busters on Iranian underground nuclear sites at the weekend, joining Israel's air war against Tehran, and President Donald Trump mooted the possibility of the Iranian government being toppled. Qatar's defence minister, quoted by Al Jazeera TV, said its air defences had intercepted missiles directed at the Al Udeid airbase, the largest US military installation in the Middle East, situated across the Gulf from Iran. Qatari authorities said there were no casualties in the attack, which it condemned and said it reserved the right to respond. The attack came shortly after a Western diplomat told Reuters there had been a credible threat to a US military base in the Gulf state following the US airstrikes on Iran. In addition, the US Ain al-Asad air base in Iraq had activated its air defence system out of concern of a potential attack, military sources told Reuters. The White House and the Defense Department are closely monitoring potential threats to the Al Udeid airbase, a senior White House official said in Washington on Monday. Shortly before, Qatar, a small, wealthy Gulf Arab state, announced it had closed its air space temporarily to ensure the safety of residents and visitors. That followed an advisory from the US embassy in Qatar to Americans to shelter in place, out of what it said was "an abundance of caution". Two US officials said Washington had assessed that Iran could carry out attacks targeting American forces in the Middle East soon, although the US was still seeking a diplomatic resolution that would see Tehran forgo any reprisal. Earlier on Monday, Israel bombed a jail for political prisoners in Tehran in a potent demonstration that it was expanding its targets beyond military and nuclear sites to aim squarely at the pillars of Iran's ruling system. Despite Iran's threats to challenge oil shipments from the Gulf, oil prices largely held steady LCOc1, suggesting traders doubted the Islamic Republic would follow through on any action that would disrupt global supplies. Iranian Foreign Minister Abbas Araqchi met Russian President Vladimir Putin in Moscow as Tehran sought backing from one of its last major power friends for its next steps.
USA Today
17-06-2025
- Business
- USA Today
Millions from books: Here's what Supreme Court financial disclosures show
Millions from books: Here's what Supreme Court financial disclosures show Show Caption Hide Caption Ketanji Brown Jackson lights up stage at Broadway musical "& Juliet" Supreme Court Justice Ketanji Brown Jackson treated "& Juliet" fans to a special performance for one night only! WASHINGTON − Supreme Court Justice Ketanji Brown Jackson made more than $2 million last year for her best-selling memoir, according to the latest round of financial disclosure reports for the justices which became public on June 17. Jackson's book, 'Lovely One,' made the New York Time's bestseller list when it came out last year amid an extensive publicity tour for the court's newest member. That's much more than the $250,000 in royalties Justice Neil Gorsuch reported earning last year for a book on the law he co-authored with a former clerk. But Supreme Court Justice Amy Coney Barrett could report eye-popping figures in the future for her forthcoming memoir, which reportedly earned a $2 million advance. Barrett's book, 'Listening to the Law: Reflections on the Court and Constitution,' is coming out in September. The annual disclosure reports cover the preceding year of financial activity. As is his usual practice, Justice Samuel Alito received a 90-day extension to file his annual report. Jackson, in last year's report, disclosed she'd initially received a $893,750 advance for 'Lovely One.' More: Justice Ketanji Brown Jackson can throw a punch. Literally. Justice Sonia Sotomayor continues to receive royalties − $73,944 last year – from children's books she's written. And she received a $60,000 advance from Penguin Random House for "Just Shine,' another children's book to be published in September. In May, multiple justices recused themselves from deciding whether to accept an appeal involving alleged plagiarism in books published by Penguin Random House. That meant there were not enough justices to consider the appeal, which left in place a lower court's ruling dismissing the lawsuit. Other outside earnings and travel In addition to income from their writings, several justices reported outside earnings from teaching. Barrett and Justice Brett Kavanaugh each received $31,815 from Notre Dame Law School. Gorsuch received $30,379.91 from George Mason University. Travel the justices reported, without detailing their cost, included:
NDTV
22-05-2025
- Entertainment
- NDTV
Sun, Sea and Self-Help: Ananya Panday's Latest Read Is The Let Them Theory By Mel Robbins
Ananya Panday isn't just a fashion and beauty girl who makes heads turn each time she steps out in city, either for an event or for a casual day out. But she also has a bunch of other interests that includes reading. The Kesari: Chapter 2 actress recently posted a picture of herself holding up her current read to the skies as she caught it on camera in an Instagram story. Ananya Panday 's latest book of choice for a leisure time read will make you think that she is definitely more than a pretty face. The 26-year-old actress is currently reading, The Let Them Theory by Mel Robbins. If your inner book worm has been shaken up by witnessing Ananya Panday reading up like one. Here's all you need to know about her latest read, The Let Them Theory by Mel Robbins. The Let Them Theory is a book penned by a New York Time Bestselling Author, Mel Robbins with millions of books being sold across the world. The book is a life-changing tool that millions of people cannot stop talking about. It discusses the key to happiness in life for either being happiness, success or love. But if one has felt stuck with where they are in life, and are frustrated with where they are, then the book talks about how the problem is not them. The author, Melanie Lee Robbins is an American author, podcast host, and a former lawyer who is known for her books like The 5 Second Rule, The High 5 Habit and more. Ananya Panday's current read, The Let Them Theory by Mel Robbins makes for a good read.
