£43,750?! This piece of Harry Potter merch has gone for THOUSANDS

When it comes to Harry Potter merchandise, the sky's the limit for some people.

And nowhere was this more evident than during a recent auction which saw a first edition Harry Potter and The Philosopher's Stone go for a staggering £43,750.

While those in the know at Bonhams Fine Books and Manuscripts Sale estimated the book might go for between £15,000 and £20,000, it exceeded all expectations after a series of what has been described as "intense bidding".

"This was an exceptional price for a much-loved modern classic," senior specialist Simon Roberts said following the astronomical deal.

“The book was in excellent condition which added to its appeal for collectors and I am not surprised that it attracted so much interest and such intense bidding.”

According to reports, the first edition, which hit shelves in June 1997, went to a London-based businessman.