€10.5m paid for first US book

David M Rubenstein, co-founder and co-chief executive of the Carlyle Group LP, has paid $14.2m (€10.45m) at Sotheby’s in New York yesterday for The Bay Psalm Book, the highest price for a printed book at auction.

The book, the first printed in America, will be exhibited in libraries across the US, Rubenstein, whose Carlyle Group is the second-biggest manager of alternatives to stocks and bonds, said in a statement.

“I thought it was important to keep this historic American book in the country,” Rubenstein said in an emailed statement.