• Christie's: The first four Folios of William Shakespeare’s collected works will be auctioned on 25 May.
    Christie's: The first four Folios of William Shakespeare’s collected works will be auctioned on 25 May.
  • <b>ALDE May 24:</b> Lot 1. Silver coin (1455), celebrating expulsion of English people in 1451.<br>Est: € 12,000-20,000.
    <b>ALDE May 24:</b> Lot 7. Heures à l’usage de Coutances. Paris, last quarter of 15th century. Est: € 30,000-40,000.
    <b>ALDE May 24:</b> Lot 9.<br>TERENCE. Lyon, Jean Trechsel, 1493. Est: € 20,000-30,000.
    <b>ALDE May 24:</b> Lot 8. Biblia latina. Nuremberg, Anton Koberger, 1478. Est: € 20,000-30,000.
    <b>ALDE May 24:</b> Lot 11. [Francesco Colonna]. Hypnerotomachia Poliphili. Venise, Alde Manuce, December 1499. Est: € 150,000-200,000.
    <b>ALDE May 24:</b> Lot 14. Marco<br>Vigerio della Rovere. Decachordum christianum. Fano, Girolamo Socino, 1507. Est: € 15,000-20,000.
    <b>ALDE May 24:</b> Lot 18. CONSTANTIN VII. De notevoli et utilissimi ammæstramenti dell’agricoltura. Venise, Gabriele Giolito de Ferrari, 1542. Est: € 40,000-50,000.
    <b>ALDE May 24:</b> Lot 19. TITE-LIVE. Latinæ historiæ principis. Lyon, Sébastien Gryphe, 1548.<br>Est: € 15,000-20,000.
    <b>ALDE May 24:</b> Lot 38. OTTOMAN CORAN. 17th century by Muhammad Hafiz (Imam Mehmed Effendi).<br>Est: € 20,000-30,000.
    <b>ALDE May 24:</b> Lot 45. Blaise PASCAL. Pensées. Paris, Guillaume Desprez, 1670. Est: € 100,000-120,000.
    <b>ALDE May 24:</b> Lot 52. George EDWARDS. A Natural History of uncommon birds. London, the author, 1743-1751. Est: € 20,000-30,000
    <b>ALDE May 24:</b> Lot 59. Jean de LA FONTAINE. Fables choisies. Paris, Desaint & Saillant, Durand, 1755-1759. Est: € 40,000-50,000.
  • <b>Bloomsbury May 25:</b> Lot 10.<br>Caxton (William, printer). Polycronicon, 53 leaves, after<br>July 1482. £10,000-£15,000
    <b>Bloomsbury May 25:</b> Lot 15. Cookery recipes. C17th/18th manuscript, 127pp., recipes include "To make Rasberry Creame" & "To make the Oxford Ginger Bread". £2,000-£3,000
    <b>Bloomsbury May 25:</b> Lot 32. Churchill (Winston S.) The Second World War, 2 vol. (of 6), signed and inscribed, 1950-51. £1,000-£1,500
    <b>Bloomsbury May 25:</b> Lot 34. "Lewis Carroll". The Nursery "Alice", with 7 autograph notes & letters, inscribed. 1891. £25,000-£35,000
    <b>Bloomsbury May 25:</b> Lot 39. Childers (Erskine) The Riddle of the Sands, first edition, in morocco binding, 1903. £700-£900.
    <b>Bloomsbury May 25:</b> Lot 42. Ono (Yoko) and John Lennon. Grapefruit, signed by Lennon & Yoko Ono, 1971. £700-£900.
    <b>Bloomsbury May 25:</b> Lot 58. Rodchenko (Alexander) Krasnaia Armiia [Red Army], 1938. <br>£1,800-£2,200.
    <b>Bloomsbury May 25:</b> Lot 66. Henning (Veit Balthasar) Perpetual Almanac, 1750. £2,000-£3,000.
    <b>Bloomsbury May 25:</b> Lot 73. Gillray (James) Dido in Despair, original hand-coloured caricature, 1802. £1,500-£2,000.
    <b>Bloomsbury May 25:</b> Lot 94. Norris (Herbert) A good group of mostly Shakespearean and Elizabethan C20th costumes. £1,200-£1,800.
    <b>Bloomsbury May 25:</b> Lot 106. Beardsley (Aubrey, illustrator) The Cambridge A.B.C., June 1894.<br>£1,000-£1,500.
    <b>Bloomsbury May 25:</b> Lot 133. Perry (Charles) A View of the Levant, George IV's copy, the Beckford Rosebery copy, 1743. £5,000-£7,000.
  • <b>Ketterer Kunst Hamburg, Rare Books Auction on May 23/24.</b>
    <b>Ketterer Rare Books, May Auction:</b> Mary Stuart. Ms. Parliament document (contemp. copy). 1567. <br>Est: € 2.000
    <b>Ketterer Rare Books, May Auction:</b> Latin and French Book of Hours. About 1480. Est: € 65.000.
    <b>Ketterer Rare Books, May Auction:</b> Book of Hours by Germain Hardouyn. 1533. Est: € 18.000
    <b>Ketterer Rare Books, May Auction:</b> G. P. Gallucci, Theatrum mundi. 1588. Est: € 5.000
    <b>Ketterer Kunst Hamburg, Rare Books Auction on May 23/24.</b>
    <b>Ketterer Rare Books, May Auction:</b> J. Hill, The vegetable system. 1761-75. Est: € 60.000
    <b>Ketterer Rare Books, May Auction:</b> <br>J. Honter, Rudimentorum cosmographicorum libri III. 1549.<br>Est: € 3.000
    <b>Ketterer Rare Books, May Auction:</b> Two terrestrial and celestial globes by J. G. Doppelmayr. 1789 or later. Est: € 40.000
    <b>Ketterer Rare Books, May Auction:</b> <br>G. de Maupassant, Contes choisies. 1891-92. Est: € 6.000
    <b>Ketterer Kunst Hamburg, Rare Books Auction on May 23/24.</b>
    <b>Ketterer Rare Books, May Auction:</b> <br>K. Schwitters, HahnePeter. 1924.<br>Est: € 6.000
    <b>Ketterer Rare Books, May Auction:</b> <br>I. G. Chernikhov, Arkhitekturnye fantazii. 1933. Est: € 3.000
    <b>Ketterer Rare Books, May Auction:</b> <br>E. Baj, La Cravate. 1972. Est: € 3.000
    <b>Ketterer Rare Books, May Auction:</b> <br>H. Bellmer & G. Bataille, Histoire de l'oeil. 1944. Est: € 3.000

Rare Book Monthly

Articles - July - 2013 Issue

Slow Auction

Slow auction

More reasons to be online. A Clipart illustration

For many reasons books, manuscripts, maps and ephemera get sold.  In the collectible field we tend to think of single items but there are reasons for selling larger quantities too.  It can be someone who is narrowing his or her focus or a dealer preparing to retire.  For collectors it’s the material personally appreciated but outside the current collecting scope or already passed over as other items have been sold or been consigned, in other words; the residue.  For material in all these categories and, inevitably others I simply haven’t thought of, there comes a time when the need to dispose becomes pressing, even necessary.

Such material isn’t necessarily unimportant but it probably has become difficult to sell.  There’s money in it but no liquidity.  As an example many, and I assume most, dealers have material they acquired for a song or perhaps for real money with the expectation it would sell but simply hasn’t.  The best dealers look ahead buying the next big thing that sometimes never becomes the next big opportunity.  Sometimes it becomes the forgotten thing.  Eventually such material will be sold or given away.

The same is true for the collector who sold his high points easily and has been left with the residue he still believes has value.  Libraries too have material that never make it into the stacks and now won’t.  Such material too needs a path to the exit, one providing a fair prospect for an adequate price and a high probability of sale.

My suggestion to achieve this is a process called Slow Auction.

Auctions are events, the material selected, described and advertised.  This is what auction houses believe will sell.  In selecting 500 items they considered thousands of others.  They use rules and experience and make, because they have to, categorical judgments.  This leaves interesting, if sometimes a bit too common or marginal, material out.   These rejected things stay on the shelves or are placed in boxes, their day will come but never did.

In a Slow Auction they will have their chance.  Here is how it works.

Most dealers have their inventory on line.  For those that do they simply select what they propose to sell.  It’s already priced.  Let’s say they select 1000 items to post.

The entire sale will take 63 days and the timing is important.  Auctions are intense events built around well-researched and illustrated catalogues and plenty of advertising.  Slow sales lack most of these attributes but they do have two things regular auctions don’t, a long time for interest to build and software that captures buyer interest [and bids] in a convenient way.  Here is what the auction schedule looks like -

Day 1 to day 7:                      $100 [the listed price]

Day 8 to Day 15                    $  80  [less 20% discount if still unsold]

Day 16 to day 21                  $  60  [less 40% discount]

Day 22 to day 28                  $  40  [less 60% discount ]

Day 29 to day 35                  $  20 [less 80% discount]

Day 36 to 42                          $  10 [less 90% discount]

Day 43 to 49                          $    5  [less 95% discount]

Day 50 to day 56                  $    1

57 to 63                                 Free to a good home

Each item has a “I’d like to follow this item” link as well as a “submit my offer if this item becomes available at $--.”  Thereafter, whenever there is a change, be it a sale or price reduction, the person following receives an email or instant message updating the status.

I think there should be various statistics for each item:

1.     the number of times an item has been seen;

2.     the number of people following;

3.     the number of bids pending

4.     the history of the listing from first posting through to any announcements of outcomes such as “Lot 341, Lefevre’s History of New Paltz, second edition.  Sold for $60, initial price $100, sold on the 22nd  day.

If hosted on AE there would be a nominal starting fee.  If the outcome is reported, half the listing fee would be credited against further listings.  The listing fee would be a percentage of the starting price so those posting may feel a desire to start lower.
          

Such a service can be provided on any listing site.  I’m describing what I believe has become necessary to help the field clear the accumulating millions of books.  Any site can do it.

If you have a response, questions or suggestions post them to this story.  I, and other readers, will read your comments and respond.

And personally, I can’t wait.


Posted On: 2013-07-01 00:00
User Name: Gene

Bruce, this is a terrific idea. I'm 70, still selling via catalogue & on standard internet sites; also still buying when I find interesting material --


Posted On: 2013-07-01 00:00
User Name: tweney

Some years ago, we had a small bookstore in a small town. We used a similar schedule, starting at 80%, moving to "free to a good home" over the course


Rare Book Monthly

  • Bonhams Fine Books and Manuscripts, 8 June 2016, New York
    Bonhams June 8: ARISTOTLE.<br>384-322 B.C.E. De animalibus <br>US$ 300,000-500,000.
  • <b>19th Century Shop.</b> DARWIN, CHARLES. Iconic signed Darwin photograph "I like this photograph much better than any other which ..."
    <b>19th Century Shop.</b> DARWIN, CHARLES. <i>Autograph Letter Signed</i>. Early Unpublished Darwin letter on the races of man.
    <b>19th Century Shop.</b> WRIGHT, WILBUR. Experiments and Observations in Soaring Flight. Journal of the Western Society of Engineers 8, no. 4 (August, 1903).
    <b>19th Century Shop.</b> EINSTEIN, ALBERT. <i>The Meaning of Relativity.</i> FIRST EDITION IN ENGLISH. Signed and dated Oxford 1931.
    <b>19th Century Shop.</b> GARDNER, ALEXANDER. Antietam Bridge, Maryland. "One of the memorable spots in the history of the war."

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