The letter signed by the monarch is being sold using an unusual descending price auction with a starting figure of £65,000
The price of the document will start at £65,000 and will reduce by £5,000 each day until sold to a bidder.
Paul Fraser collectibles, who house thousands of items, came into possession of the letter four years ago after it was sold to them by a dealer in the UK. The CEO of Paul Fraser collectibles Mike Hall, explained that the auction "collectors - and people who might not normally bid in auctions - the chance to own an important piece of English history for a low price."
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