"Harry Potter" original art smashes previous record with $1.92 million sale

The original art for "Harry Potter and the Philosopher’s Stone" sold for $1.92 million at Sotheby’s on Wednesday, dismantling the previous record for any "Harry Potter" item, which was a first edition copy of the book ($471,000).

Will Stern gives the inside scoop as to how the artist was discovered and commissioned, how he created the piece and why a watercolor work is now worth nearly $2 million.

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