Rare first edition of Harry Potter and the Philosopher's Stone with misprints including JK Rowling being named as Joanne to be auctioned tomorrow starting at £64,000

A rare first edition of Harry Potter and the Philosopher's Stone with several misprints including JK Rowling's name will be auctioned tomorrow starting at £64,000 ($80,000).

Only 500 copies of the debut Harry Potter novel were printed in the first run, with 300 given to libraries and schools and 200 to private parties.

They all contain the same typos, including the words 'one wand' printed twice on a list of items Harry needs for Hogwarts on page 53. JK Rowling's name also appears as 'Joanne Rowling'.

The book, which originally retailed for £10.99, has been consigned by a prominent Harry Potter collector at auctioneers Bonhams New York.

A Bonhams New York spokesperson said: 'This is a first edition, first printing of the book that gave life to the beloved wizard of Hogwarts.

Harry Potter and the Philosopher's Stone paved the way to Harry Potter mania across the world with six sequels, 500 million copies sold and hit movie adaptations starring Daniel Radcliffe

Only 500 copies of the debut Harry Potter novel were printed in the first run, with 300 given to libraries and schools and 200 to private parties

The first edition copies were printed in 1997 and they all contain the same 'typos'- including author JK Rowling receiving the credit Joanne

The first editions have massively gained in value over the years and the world record price for a mint first edition is £356,000

'It has created a cultural phenomenon that continues today.'

Darren Sutherland, senior specialist in fine books and manuscripts, added: 'There were only 500 total hard covers of the first edition produced, and most of those were for libraries so are not in private hands.

'This copy is from the collection of Dale Bullard, who collected a variety of Harry Potter materials, including many different issues, complete sets, as well as the wider field of Potteriana.'

In June 2022, two sisters who were gifted a first edition 25 years ago sold their copy for a British record £220,800.

The world record price paid for a first edition is a staggering £356,000, which was achieved in Dallas, US, in December 2021.

Harry Potter and the Philosopher's Stone has sold over 120million copies to date. It paved the way for Harry Potter mania across the world with six sequels, 500 million copies sold and hit movie adaptations starring Daniel Radcliffe.

One error is 'one wand' being printed twice on a list of items Harry needs for Hogwarts on page 53

The sale will take place on Wednesday. 

This book is one of the remaining 200 private copies left which are regarded as the 'holy grail' for collectors.

There are various ways to identify a Philosopher's Stone first issue, published by Bloomsbury in 1997.

There is a well-known duplication of '1 wand' in a list of items Harry Potter must take to Hogwarts on page 53.

There are a couple of misspellings in the book, including 'Philospher's' on the rear cover.

But most importantly, the issue number on the copyright page must read '10 9 8 7 6 5 4 3 2 1'.

The sale comes as it was recently revealed that Rowling has made amends with Warner Brothers ahead of a new TV series based on Harry Potter. 

Rowling was notably absent from a 2022 Warner Bros. special commemorating the 20th anniversary of the first Harry Potter film's release.

That sparked speculation of a rupture with Warner Bros. top brass, but insiders insist nothing could be further from the truth. 

CEO David Zaslav flew to Edinburgh in Scotland to meet with Rowling on being appointed to the top job in April 2022.

He and his team hope to turn the Harry Potter books into a lavish TV series that could be the most expensive ever produced and create a whole new generation of viewers for the fantasy series.  

Zaslav attempted to bond with Rowling - few in the WB universe had her ear prior to his takeover - by discussing their childhoods and families in London as he attempts to 'breathe new life' into her beloved book series, according to WSJ. 

Rowling is known to be deeply protective of the franchise, notoriously holding biannual 'Ministry of Magic' meetings where she talks to executives - who spend weeks preparing ideas - about what the universe can and can't do for the future

On an earnings call held Friday, the executive said Max is aiming to debut the new show in the first quarter of 2026, Variety reported. It is rumored to have a budget of $250 million, making it the most expensive TV program ever made. 

The CEO confirmed on that call that he and a delegation of Warner execs had met with Rowling just weeks earlier. 

Rowling is known to be deeply protective of the franchise, notoriously holding biannual 'Ministry of Magic' meetings where she talks to executives - who spend weeks preparing ideas - about what the universe can and can't do for the future. 

She was also granted veto over any 'non-author written sequels' to the series in film and TV that has likely slowed the upcoming series by several years.

Rowling gave the planned series nod of approval when the show was announced in April, saying: 'Max's commitment to preserving the integrity of my books is important to me.' 

It's part of a continuing world of projects involving her wizards, which include theme parks across the world, a stage show on Broadway and the West End, stores in most major cities and video games, with one based on the fictional game of Quidditch in development. 

In recent weeks Rowling's outspoken views on transgender ideology have been making headlines worldwide following Scotland's new hate crime laws which some campaigners worry will impinge on free speech.