NEW YORK (CBS/AP) — A New York City auctioneer is offering for sale a rare Revolutionary War flag it says could bring between $1 million and $3 million.

Doyle New York says the 1775 Forster Flag is the earliest surviving flag representing the 13 original colonies.

The relic is named after Samuel Forster. He led the minutemen of the Manchester Militia Company in Massachusetts when they responded to British march on Lexington on April 19, 1775.

Forster was a prominent shipmaster, merchant and lifelong resident of Manchester-By-The-Sea.

It’s being sold Wednesday to benefit the Dolph Briscoe Center for American History at the University of Texas at Austin.

It had been part of the Flag Heritage Foundation’s collection until the Dolph Briscoe Center purchased the collection in 2013. The proceeds from the flag sale will endow the collection.

Doyle says the Forster Flag is one of only 35 examples known to survive and likely the last one to be offered at public auction.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)






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