The papers failed to sell at auction because of the high price and because the physical papers did not confer publication rights to the work, which were held by the Truman Capote Literary Trust. Subsequently, the New York Public Library reached an agreement to buy the papers and archived them in its permanent Truman Capote Collection.
The papers did not meet the expected price at auction due to their high value, as well as because the physical documents lacked the necessary publication rights, which were held by the Truman Capote Literary Trust. Subsequently, the New York Public Library reached a deal to purchase the papers and store them in its permanent Truman Capote Collection.