The 1937 first edition of authour J.R.R. TOLKIEN'S THE HOBBIT has been sold for $120,000 (GBP60,000). An annonymous bidder bought Tolkien's most successful book at an auction on Tuesday (18Mar08) for double the expected price. The Bonham's auction also included the first foreign language edition of The Hobbit, translated into Swedish in 1947, which collected $3,120 (GBP1,560). The Hobbit was was a prequel to the Lord Of The Rings trilogy.