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

September 3, 2014  |  

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.

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