A rare copy of one of the first New Testaments to be published in English has sold to a private collector for £37,500.

The 1536 text was translated from Hebrew and Greek by renowned English scholar William Tyndale, one of the most well-known figures of the Protestant Reformation who believed that everyone should be able to read the Bible in their own language.

The piece is titled "The Newe Testamente Yet Once Agayne Corrected By William Tyndale" and is only the fourth copy to be sold since the 1970s, Premier reports.

The piece of history sold at auction to an unnamed collector on Nov. 28 for £37,500, which is equivalent to $47,908.95.

According to Clive Moss, the head of the book department at Chiswick Auctions in West London, the Bible was Tyndale's final revision and "shaped the grammar and vocabulary of the English language" in a period in which it was "crude and unrefined."

"The Tyndale Bible has been described as the most important book in the English language," Moss said, according to Premier. "William Tyndale contributed to the rise of the view that the Bible is a historical document and should be read with 'historical faith.'"

Moss explained that Tyndale "made political use of his vernacular translations" in order "to win the common people to the Protestant cause."

"It is, therefore, unmistakably of huge national and historical importance to Britain," Moss asserted.

The £37,500 auction price is higher than what some had anticipated.

In October, it was estimated that the text would sell for around £8,000-£10,000.

David Instone-Brewer, the senior research fellow at Tyndale House in Cambridge, told Premier in October that only a few of the Tyndale Bibles have survived as they were declared heretical in Britain.

"Tyndale had to hide in the Netherlands because British authorities didn't want an unauthorized version of the Bible," Instone-Brewer said.

According to Southern Methodist University in Dallas, Texas, Tyndale was refused permission to translate the Bible into English from Greek instead of the traditional Latin by the Bishop of London. After that, Tyndale fled to Germany where he published an English New Testament in Cologne in 1525. However, the edition was "thoroughly suppressed."

According to the Museum of the Bible in Washington, D.C., Tyndale's New Testament was "smuggled into the country hidden in bales of cloth."

"Some of those who helped smuggle Tyndale's work were punished for heresy by execution," the Museum of the Bible explains on a webpage at the Tyndale Bible. "William Tyndale was burned at the stake before he could complete the translation of the entire Bible, but his friends, Miles Coverdale and John Rogers, avoided capture. Only one year after Tyndale's death, Coverdale published the entire Bible in the English language."

The copy that was auctioned off on Nov. 28 was produced in Antwerp in the same year killed that Tyndale was killed.

Courtesy of The Christian Post