Howard Buffett purchased Rosa Parks archive from her family for $4.5 million; bulk of money will go to Detroit nonprofit established in her name.
"The purchase price for hundreds of items that belonged to civil rights icon Rosa Parks was $4.5 million, a lawyer said Friday, a day after the deal was confirmed by the son of billionaire investor Warren Buffett. Howard G. Buffett declined to reveal the amount his foundation paid for the items, which have remained in storage in New York for years, but the price was listed in a court filing and disclosed by an attorney for Parks' heirs. After an auction house gets a commission, 20 percent of the balance goes to Parks' relatives, with the rest set aside for the Rosa & Raymond Parks Institute for Self Development in Detroit, said Lawrence Pepper." -- Ed White, Associated Press