Okay J.K. Rowling fans, this isn’t good news:

LONDON - J.K. Rowling has completed her first book not to feature teen wizard Harry Potter an illustrated collection of magical fairy stories titled “The Tales of Beedle the Bard.”

Only seven copies of the book are being printed, Rowling said Thursday. One will be auctioned next month to raise money for a children’s charity, while the others have been given away as gifts.

Rowling drew the illustrations herself and provided the handwriting for the five stories that make up the collection of fairytales.

“The Tales of Beedle the Bard” is mentioned in the final Potter book, “Harry Potter and the Deathly Hallows,” as a gift left by headmaster Albus Dumbledore to Harry’s friend Hermione, and provides clues that help destroy evil Lord Voldemort.

Only seven copies were made. Rowling does things her own way. No one ever said any different. Starting bid for the one book going to charity is a mere $62,000 dollars.

Does she take checks?

ED. Update: Copyright attorney Ron Coleman weighs in with a surprising (to me) opinion.

[Ed. Note: She’s done this before. I imagine there will be a decent interval after the charity auction and then there will be a longer print run also for charity.–KC]