The Virginia man who offered the memento had hoped for much more to cover expenses related to his advanced kidney cancer, the Washington Post said Saturday.
At one point in the bidding it appeared as if David Nicholson would get $371,300 for the flag, but controversy surrounding the banner's authenticity apparently prompted the party offering the six-figure sum to withdraw from the auction.
John Andrews II, owner of the Andrews Community Investment Corp., got the flag for $25,000 and said he planned to donate the flag to a place he already has chosen.
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