The Reagan Presidential Foundation is positively livid over news that an online auction house based in the Channel Islands is selling a vial of the deceased president's blood.

"If indeed this story is true, it's a craven act and we will use every legal means to stop its sale or purchase," said the foundation's executive director John Heubusch in a statement.

The vial is alleged to have been obtained by the seller's mother from the Bio Science Laboratory in Columbia, Maryland. Reagan's blood was sent there for lead testing in the aftermath of his failed assassination in 1981. According to the seller, his mom was granted permission by the lab director to take the five-inch glass vial home.

He says he attempted to offer the item to the Reagan library, but they were not interested. Justifying his actions, the seller said he believes Reagan would have preferred the blood by auctioned off rather than donated, given his conservative economic policies.

The highest bid for the vial at the time was writing was £7,587 (~$12,000); the auction closes this Thursday at 2 PM ET.

[image via PFC Auctions]