Custer's 'Last Flag' sold for £1.4 million

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The only U.S. flag not captured or lost during George Armstrong Custer's Last Stand at the Battle of Little Bighorn in southeastern Montana sold at auction on Friday for £1.4 million.

The 7th U.S. Cavalry flag – known as a "guidon" for it's swallow-tailed shape – was sold by Sotheby's in New York on behalf of the Detroit Institute of Arts, which bought the flag for just $54 ($34) in 1895.

The buyer was identified only as an American private collector.

Frayed, torn, and with possible bloodstains, the flag had been valued before its sale at up to $5 million....

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