Updated 02/23/2013 09:34 AM
Iwo Jima Sculpture Goes Unsold At Auction
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An iconic World War II statue that was expected to sell for millions went unsold Friday night at a New York City auction.
Bonhams Auction House held bidding on the original Felix de Weldon Iwo Jima monument Friday night.
Bonhams thought the sculpture could sell for up to $1.8 million, but three potential buyers stopped the bidding after a few minutes at $950,000, below the minimum selling price.
Bonhams said that prospective buyers can still buy the sculpture through the auction house, which will now negotiate a price on the seller's behalf.
The statue is based on the iconic Associated Press photo of five Marines and a Navy Corpsman raising the American flag on Mount Suribachi in 1945.
De Weldon's piece was constructed nine years before the well-known 32-foot version that rests in Arlington, Virginia.