Churchill memorabilia sold at auction

An auction of memorabilia of British wartime leader Winston Churchill, including a cigar and a letter in which he rejects making…

An auction of memorabilia of British wartime leader Winston Churchill, including a cigar and a letter in which he rejects making terms with Adolf Hitler, fetched £577,063 today.

The collection was assembled over 30 years by Malcolm S Forbes Jr, a descendant of the Forbes magazine founder,and is due to be sold in three parts, the first of which went on sale at Christie's in London today.

The London sale had been expected to raise up to £1 million, and consisted of about 140 lots.

A collection of Churchill's speeches on free trade raised the most money, selling at £39,650 to an unnamed American buyer. Most other lots went to private British collectors.

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Other items included an unsmoked Havana cigar Churchill had given away as a gift, and a letter in which he rejects making terms with Hitler.

That letter, and another from a former assistant private secretary urging him to make terms with Hitler, were priced together with a top estimate of £8,000, but netted £34,850.

"I am ashamed of you for writing such a letter. I return it to you -- to burn and forget," Churchill's letter read.

The rest of the collection is due to be sold on December 3rd in New York and London in the summer of 2011.