New York - One of the versions of Magna Carta is set to be auctioned off in New York and is expected to garner up to $30 million from bids.
The Magna Carta enshrined the authority of the people over their monarch and is an extremely historic piece of the past.
The announcement stated that Sotheby would be holding the auction and that the Magna Carta will be presented for sale in the middle of December.
The 1927 issue of the Magna Carta manuscript is the King Edward I edition which is universally accepted as the basis for modern constitutional law.
It established the principal that no man is above the law and was a huge influence even on the laws we still make up today. It has been displayed for the past 22 years in the National Archives in Washington with the Declaration of Independence and the Constitution of the United States.
It was on loan from the Perot Foundation which will now sell it to raise money for medical research as well as public education, wounded soldiers and families of them.