Rosa Parks’ Belongings Sold For $4.5 Million To Warren Buffett’s Son

September 3, 2014  |  

Photo by Universal History Archive/Getty Images

The battle over the estate of civil rights icon Rosa Parks has finally been resolved. According to a lawyer, her artifacts have been sold for $4.5 million. Hundreds of items that belonged to Parks were involved in the sale.

A foundation run by Howard G. Buffett, the son of billionaire investor Warren Buffett, bought the items. Buffett confirmed the purchase though he declined to confirm the price, reports The Huffington Post.  It was Lawrence Pepper, a lawyer for Parks’ heirs, who told the Associated Press the price was $4.5 million, with 12.5 percent earmarked for an auction house. Also Parks’ relatives will get 20 percent of the balance with the remainder going to the Rosa & Raymond Parks Institute for Self Development in Detroit.

This is far lower than what her possessions were estimated to be worth. As previously reported, the items from Parks’ estate had an estimated value of $10 million.  Parks’ heirs and her friends had been fighting over the late civil rights activist’s estate so a judge ordered the belongings to be seized from her home in Detroit and offered up to the highest bidder.

The items included her photographs with presidents, her Congressional Gold Medal, a pillbox hat that she is believed to have worn on the Montgomery bus on which she refused to give up her seat to a white passenger, a signed postcard from Dr. King, documents from civil rights meetings, and her thoughts about life in the South as a black woman.

Trending on MadameNoire

View Comments
Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN
  • Mimsy

    This is so sad. Black people can say whites are greedy all they want,but this shows blacks can be just as greedy!! It’s a sad state that pioneers like Rosa Parks, Martin Luther King Jr, Malcolm X, James Brown, Michael Jackson have impacted so many lives only to have their
    greedy families destroying their legacies with greed.

    I hope Michael’s will has a provision that Katherine’s house be sold after she
    passes so those grown nigg@s have to live on their own!

    And I hope James Brown’s greedy @$$ children feel the pain in their legs for eternity for cutting off his legs to prove he fathered a child, which he did!

    Sorry, ya’ll I’m in my feelings about this.. just breaks my heart

    • hi-liter

      Yeah, here in Montgomery, individuals broke into the housing project apartment where Rosa Parks lived and destroyed all the walls looking for cooper to sell. Now there is a reward to find the people responsible for this. For shame.

    • Nicky

      ALL races are greedy !! This is not just a black issue!! Why do commenters make all issues on this site a black issue? Some of these issues go beyond race. It has to do with lack of education, culture, preparation etc. Not everyone that comes to this site is black either and they can relate to the same issues. It helps to brush up on your history before the 1900s to really understand the underlying issue. I hate to see blacks beat each other down by making every issue a “black issue”. All you can do is learn from other peoples’ mistakes and do better.

      • PrettyBrownEyes

        Thank you soooo much!!!!!!!!! For the life of me I don’t get this about my race…