SOURCE: The Ronald Reagan Presidential Foundation

The Ronald Reagan Presidential Foundation

May 24, 2012 09:54 ET

Statement of The Ronald Reagan Presidential Foundation Regarding the Cancellation of the Auction of President Reagan's Blood

SIMI VALLEY, CA--(Marketwire - May 24, 2012) - "We are very pleased with this outcome and wish to thank the consignor and PFC Auctions for their assistance in this matter," said John Heubusch, Executive Director for the Ronald Reagan Presidential Foundation. "While we contend that the removal of the vial from the hospital laboratory and the US auction sale in February 2012 were not legal acts in our opinion, we are grateful to the current custodian of the vial for this generous donation to the Foundation ensuring President Reagan's blood remains out of public hands."

BELOW IS THE FULL STATEMENT FROM THE PLC AUCTION HOUSE:

"PFC Auctions announces that it made contact yesterday evening with The Ronald Reagan Presidential Foundation regarding the Auctioning of the Ronald Reagan laboratory blood vial. What has not been widely reported is that the auction consignor purchased the item at a public auction in the USA in February 2012 for $3,550. Bidding on the PFC Auctions website currently stands at $30,086, and we have negotiated with the consignor to arrange for the item to be withdrawn from the auction and donated to the Ronald Reagan Presidential Foundation, a considerable financial gesture from the consignor. The consignor, who wishes to remain anonymous has stated: "I realised what an important artefact this was when bidding in the US auction. I am a serious collector of Presidential memorabilia, and have donated to Museums before, and thought from the provenance supplied at the auction where I purchased, that the Reagan Foundation had no interest in the item. I have dealt with the team at PFC Auctions for over 10 years so they were naturally my first choice when I chose to re-auction the item. The publicity generated by PFC Auctions for their current Auction has clearly highlighted the importance of this historical artifact and I would personally be delighted to see this important artefact put on public display by the Foundation. This now concludes matters to the benefit of The Ronald Reagan Foundation, and protects the legacy of Ronald Reagan as a President of the United States."

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