An anonymous bidder paid nearly $17.4 million Wednesday, Flag Day, for four rare flags from the American Revolution. The remarkably intact regimental standards captured by a British officer in 1779-80 were put up for auction by one of his direct descendants 225 years later.
"These are inspirational, an extraordinary window into the birth of our country," said David Redden, a vice chairman of Sotheby's, which conducted the sale. "You can imagine the soldiers carrying them, who suffered grievous wounds and made sacrifices to defend what were sacred objects," he said. "You look at them, and you really get a sense of looking at something that has a great deal of spiritual significance."
You can read the full story at http://www.cnn.com/2006/US/06/15/flag.auction.ap/index.html