• <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. May 31, 2018</b>
    <b>Forum Auctions, May 31:</b> Simcoe (John Graves). Plan of the Province of Upper Canada with part of the Adjacent Countries, manuscript map… with numerous contemporary annotations. £6,000 to £8,000
    <b>Forum Auctions, May 31:</b> Ramusio (Giovanni Battista). <i>Delle Navigationi et Viaggi,</i> 3 vol., mixed edition, 3 double-page engraved maps and 7 folding woodcut maps, Venice, Giunti, 1613. £6,000 to £8,000
    <b>Forum Auctions, May 31:</b> Dickens (Charles). <i>A Christmas Carol,</i> first edition, first issue, Chapman & Hall, 1843. £6,000 to £8,000
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. May 31, 2018</b>
    <b>Forum Auctions, May 31:</b> Book of Hours. Hours of the Virgin [Use of Rome] in Latin, miniature illuminated manuscript on vellum with 6 full-page miniatures and 6 large initials with borders, Flanders, [2nd quarter of 15th century]. £6,000 to £8,000
    <b>Forum Auctions, May 31:</b> G.K. Chesterton archive. Collection of poems, drawings, letters and cards sent to Enid Simon, 1920s. £6,000 to £8,000
    <b>Forum Auctions, May 31:</b> Pasternak (Boris). <i>Doktor Zhivago</i> original typescript, 2 vol., with manuscript corrections and insertions by the author, the George Katkov copy, c.1956. £100,000 to £150,000
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. May 31, 2018</b>
    <b>Forum Auctions, May 31:</b> Tolkien (J.R.R.). <i>The Hobbit,</i> first edition, first impression, 1937. £20,000 to £30,000
    <b>Forum Auctions, May 31:</b> Milton (John). <i>Paradise Lost & Paradise Regain'd,</i> 2 vol., one of 10 copies printed on vellum, Cresset Press, 1931. £8,000 to £12,000
    <b>Forum Auctions, May 31:</b> Electricity and the vacuum.- Guericke (Otto von). <i>Experimenta nova (ut vocantur) Magdeburgica de Vacuo Spatio,</i> first edition; bound with <i>Philosophia Universa de Microcosmo</i>. £12,000 to £16,000
    <b>Forum Auctions, May 31:</b> [The Holy Land, Syria, Idumea, Arabia, Egypt & Nubia ...], vignette title and 42 plates from the deluxe subscriber's edition, 1842-1849 (43). £7,000 to £10,000
  • <b>Bonhams: Results from Fine Books and Manuscripts on March 9, 2018</b>
    <b>Bonhams, Mar. 9:</b> BEETHOVEN, LUDWIG VAN. Autograph Manuscript sketch-leaf part of the score of the Scottish Songs, "Sunset" Op. 108 no 2. [Vienna, February 1818]. Inscribed by Alexander Wheelock Thayer. SOLD for $131,250
    <b>Bonhams, Mar. 9:</b> Violin belonging to Albert Einstein, presented to him by Oscar H. Steger, 1933. SOLD for $516,500
    <b>Bonhams, Mar. 9:</b> EINSTEIN, ALBERT. Autograph Letter Signed ("Papa") to his son Hans Albert, discussing his involvement with the atomic bomb, September 2, 1945. SOLD for $106,250
    <b>Bonhams: Results from Fine Books and Manuscripts on March 9, 2018</b>
    <b>Bonhams, Mar. 9:</b> HAMILTON, ALEXANDER. Autograph Letter Signed, to Baron von Steuben, with extensive notes of Von Steuben's aide Benjamin Walker, June 12, 1780. SOLD for $16,250
    <b>Bonhams, Mar. 9:</b> NEWTON, ISAAC. Autograph Manuscript in Latin, being detailed instructions on making the philosopher's stone. 8 pp. 1790s. SOLD for $275,000
    <b>Bonhams, Mar. 9:</b> 1869 Inauguration Bible of President Ulysses S. Grant. SOLD for $118,750
  • <b>Ketterer Kunst Hamburg: Rare Books Auction on May 28th</b>
    <b>Ketterer Rare Books, May 28:</b> Book of Hours. Workshop Vrelant, around 1460-70. Est: € 30,000
    <b>Ketterer Rare Books, May 28:</b> J. J. Marinoni, <i>De Astronomica specula,</i> 1745. Est: € 12,000
    <b>Ketterer Rare Books, May 28:</b> C. S. Lewis, <i>The Chronicles of Narnia,</i> 1950-56. Est: € 7,500
    <b>Ketterer Kunst Hamburg: Rare Books Auction on May 28th</b>
    <b>Ketterer Rare Books, May 28:</b> G. W. Knorr, <i>Regnum florae,</i> 1750. Est:<br>€ 15,000
    <b>Ketterer Rare Books, May 28:</b> A. M. S. Boethius, <i>De philosophico consolatu,</i> 1501. Est: € 8,000
    <b>Ketterer Rare Books, May 28:</b> J. Joyce, <i>Ulysses,</i> 1922. Est: € 5,000
    <b>Ketterer Kunst Hamburg: Rare Books Auction on May 28th</b>
    <b>Ketterer Rare Books, May 28:</b> Ornaments by H. Vogeler, 1900. Est:<br>€ 4,000
    <b>Ketterer Rare Books, May 28:</b> <i>Biblia Germanica,</i> 1490. Est: € 15,000
    <b>Ketterer Rare Books, May 28:</b> F. M. Regenfuss, <i>Auserlesne Schnecken und Muscheln,</i> 1758. Est: € 18,000
    <b>Ketterer Kunst Hamburg: Rare Books Auction on May 28th</b>
    <b>Ketterer Rare Books, May 28:</b> Einband Henry van de Velde, 1929. Est: € 4,000
    <b>Ketterer Rare Books, May 28:</b> <i>Hortus Sanitatis,</i> 1517. Est: € 12,000
    <b>Ketterer Rare Books, May 28:</b> R. Crevel and J. Miró, 1957. Est: € 3,500

Rare Book Monthly

Articles - February - 2015 Issue

Book Prices Rose Another 5 % in 2014

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Auction prices rose 5% in 2014.

Prices of collectible books and related ephemera continue to rise in tandem with the American economy, an analysis of sales at auction from 2014 reveals. Books sold at traditional auction houses (excluding high-volume, low-priced online auctions) saw their prices rise by 5% last year, based on the median price achieved. This follows an increase of 7% the previous year.

 

The median for 2014 was $423, versus $402 for 2013. As such, that was the second highest overall value achieved, equaling that of 2006. Only 2007, the year before the economic collapse, saw a higher median price reached. After bottoming in 2010, prices have been recovering ever since.

 

Volume sold at auction is also rising. Over 400,000 items were tracked by the Rare Book Hub last year, with more than 300,000 sold. That represents a little over 50,000 more items offered than in 2013, a little fewer than 50,000 more items sold. This was an increase of 15% in items offered, 18% in items sold.

 

The sell-though rate was also up, 2% to 74% in 2014, vs. 72% in 2013. This was also the highest number since 2007, and the first time since then that sell-through reached its traditional level of around 75%. At the bottom of this cycle, in 2009, sell-through was only 67%. As with the economy, collector confidence continues to rebound, though not with the “irrational exuberance” of 2007 when prices rose 15% in one year.

 

By far the largest volume of sales came from the online sales at Heritage Auctions of Dallas, which features many ephemeral items. They sold over 91,000 items. RR Auctions of Amherst, New Hampshire, also selling online, was second at 11,250. They were followed by more traditional book auctioneers, Bloomsbury of London with 10,989 items sold, Kiefer Buch of Pforzheim, Germany, with 10,223, and Swann Galleries of New York with 9,175. Bonham's would have crossed the 10,000 threshold if all locations (7) were combined.

 

The highest median price was achieved at Sotheby's in New York at $15,000, followed by Christie's London – King Street at $9,420. These two houses regularly dominate the high end and 2014 was no exception. The top seven positions were held by various locations of Christie's and Sotheby's. The next two were less traditional, on premises auctions held by the Arader Galleries or Guernsey's on their behalf, and bookseller Peter Arnold of Australia. The highest average prices came at Sotheby's New York at $50,038 and Christie's New York at $32,321.

 

For collectors just starting out, or not quite such high rollers, there were nine houses where the median was under $100. Most notable, in terms of volume, were the Heritage online auctions where over 91,000 items sold with a median price of $94. National Book, Keys, Knotty Pine, and Antiquarian Auctions of Cape Town also had a sizable number of lots under $100, but the prize goes to the auctions held by the Lancaster Mennonite Historical Society where 2,448 lots sold at a median price of $10 and an average price of $21.

 

Another sign of potential bargains is a very high sell-through rate, an indication that most items are being sold without reserve. National Book Auctions again led the way, along with Alaska Auction at 99%. Aspire, Addison & Sarova, Carlsen Gallery, Dirk Soulis, Robert Siegel Galleries, and Stair Auctioneers all had at least a 95% sales rate, with Heritage Dallas' 91,000 just missing the cut at 94%. Often, these bargains come from auctions in out-of-the-way places, an opportunity for those who search thoroughly and bid online.

 

Once again, November was the busiest month of the year. A total of 13.2% of the lots were offered during that month alone. However, May has, in effect, become the November of the spring, with 12.7% of the lots offered in that month. The fourth quarter of the year was also again the busiest, with 32.9% of the lots offered, while the second quarter saw 30.3% of the lots offered. However, as more auction houses attempt to reach people at a time when there is less clutter in the market, the off-season continues to grow. The greatest growth occurred in the slowest month – August – where offerings rose by 69%. Last year, August reached the 10,000 mark for the first time. This year, 18,576 lots were offered in the deepest part of the off-season.

 

When we compiled this report last year, we concluded with a note of caution. Four of the five lowest medians came in the last five months of the year. Did this represent a decline in pricing likely to carry over into 2014? Now we have the answer – no. The highest median prices this time were achieved in the fourth quarter of 2014, with the two highest months being November and December. The year 2014 went out with a bang.

Rare Book Monthly

  • <b>Swann Auction Galleries June 5:</b> Charles Addams, <i>Penguin Convention,</i> watercolor, cover for <i>The New Yorker,</i> 1977. $15,000 to $20,000.
    <b>Swann Auction Galleries June 5:</b> Ludwig Bemelmans, <i>Agreed! No whiskey anywhere is more deluxe than Walker's DeLuxe,</i> pen, ink & watercolor, 1957. $10,000 to $15,000.
    <b>Swann Auction Galleries June 5:</b> Charles Schulz, <i>Do you like Beethoven?,</i> pen & ink, 9-panel <i>Peanuts</i> comic, 1970. $20,000 to $30,000.
    <b>Swann Auction Galleries June 5:</b> Russell Tandy, <i>The Secret in the Old Attic,</i> watercolor & gouache, cover for <i>Nancy Drew,</i> 1944. $15,000 to $25,000.
    <b>Swann Auction Galleries June 5:</b> Arthur Rackham, <i>Danaë & the Infant Perseus,</i> watercolor, ink & wash, for Hawthorne's <i>A Wonder Book,</i> 1922. $10,000 to $15,000.
    <b>Swann Auction Galleries June 5:</b> Tom Lovell, <i>I believe in magic too,</i> oil on canvas, published in <i>Woman's Home Companion,</i> 1947. $7,000 to $10,000.
    <b>Swann Auction Galleries June 5:</b> Enoch Bolles, <i>With Love...,</i> watercolor & gouache, cover for <i>Wow!</i> magazine, 1931. $7,000 to $10,000.
    <b>Swann Auction Galleries June 5:</b><br>Rick Meyerowitz & Maira Kalman, <i>New Yorkistan,</i> pen, ink & watercolor sketch for a <i>New Yorker cover,</i> 2001. $10,000 to $15,000.
    <b>Swann Auction Galleries June 5:</b> Jessie Willcox Smith, <i>Touching,</i> watercolor for <i>The Five Senses</i> by Angela M. Keyes, 1911. $12,000 to $18,000.
    <b>Swann Auction Galleries June 5:</b> Edward Gorey, <i>ABA 75,</i> watercolor & ink, cover for <i>Publisher's Weekly,</i> 1975. $5,000 to $7,500.
    <b>Swann Auction Galleries June 5:</b> Aubrey Beardsley, <i>Shelter,</i> pen & ink, for <i>Bon-Mots,</i> 1892. $8,000 to $12,000.
    <b>Swann Auction Galleries June 5:</b> Tedd Arnold, <i>I think it was three days ago...,</i> colored pencil & watercolor, for <i>Parts,</i> 1996. $4,000 to $6,000.
  • <b>Chiswick Auctions: Modern First Editions, Illustrated Books & Limited Editions. May 30, 2018</b>
    <b>Chiswick Auctions, May 30:</b> Hammett (Dashiell). <i>The Maltese Falcon,</i> FIRST EDITION. A very good copy of this most influential detective fiction novel. £8,000 to £12,000
    <b>Chiswick Auctions, May 30:</b> Hemingway (Ernest). <i>In Our Time,</i> FIRST EDITION, NUMBER 137 OF 170 COPIES on Rives handmade paper. £15,000 to £18,000
    <b>Chiswick Auctions, May 30:</b> Hemingway (Ernest). <i>A Farewell to Arms,</i> FIRST EDITION, inscribed by the author to Mike Murphy, a Hemingway biographer and scholar. £4,000 to £6,000
    <b>Chiswick Auctions: Modern First Editions, Illustrated Books & Limited Editions. May 30, 2018</b>
    <b>Chiswick Auctions, May 30:</b> Kerouac (Jack). <i>On the Road,</i> FIRST EDITION, New York, Viking, 1957. £2,000 to £3,000
    <b>Chiswick Auctions, May 30:</b> Ransome (Arthur). <i>Swallows and Amazons,</i> FIRST EDITION, ownership inscription to half title. Only 2,000 copies of the first edition printed. £3,000 to £4,000
    <b>Chiswick Auctions, May 30:</b> Sewell (Anna). <i>Black Beauty: His Grooms and Companions. The Autobiography of a Horse. Translated from the original Equine,</i> FIRST EDITION, engraved frontispiece. £3,000 to £4,000
    <b>Chiswick Auctions: Modern First Editions, Illustrated Books & Limited Editions. May 30, 2018</b>
    <b>Chiswick Auctions, May 30:</b> Capa (Robert). <i>Omaha Beach D-Day, June 6th, 1944,</i> gelatine silver print, printed under the direct supervision of Cornell Capa, 40 x 50.5 cm. £3,000 to £5,000
    <b>Chiswick Auctions, May 30:</b> Cartier-Bresson (Henri). 'Loudres – Pilgrims Assemble', silver print, stamps and annotations on verso, very slight scratch, 170 x 240 mm, 1950. £2,000 to £3,000
    <b>Chiswick Auctions, May 30:</b> Carroll, Lewis [Dodgson, Charles Lutwidge]. <i>The Nursery Alice,</i> FIRST EDITION, a very rare inscribed, dedication copy. £8,000 to £10,000
    <b>Chiswick Auctions: Modern First Editions, Illustrated Books & Limited Editions. May 30, 2018</b>
    <b>Chiswick Auctions, May 30:</b> Potter (Beatrix). <i>The Tale of Peter Rabbit,</i> FIRST EDITION, FIRST PRINTING, limited to 250 copies [with] the FIRST PUBLISHED EDITION. £12,000 to £15,000
    <b>Chiswick Auctions, May 30:</b> Wells (H. G.). <i>War of the Worlds,</i> original Danish manuscript, the text written out in block script ink, with over 620 original drawings in ink and watercolour. £1,800 to £2,200
    <b>Chiswick Auctions, May 30:</b> Toulouse-Lautrec (Henri de).- Clemenceau (Georges). <i>Au Pied de Sinai,</i> NUMBER 104 OF 355 COPIES, with the suite of 10 lithographs by Henri de Toulouse-Lautrec in 2 states. £1,500 to £2,000
  • <b>19th Century Shop:</b> Charles Darwin on sexuality and the transmission of hereditary characteristics: Autograph Letter Signed to Lawson Tait. Down, 17 January [1877].
    <b>19th Century Shop:</b> MILTON, JOHN. <i>Paradise Lost. A Poem written in ten books.</i> London: 1667. A very rare example with the contemporary binding untouched and with a 1667 title page.
    <b>19th Century Shop:</b> Hamilton secures the ratification of the Constitution: <i>The Debates and Proceedings of the Convention of the State of New-York, assembled at Poughkeespsie, on the 17th June, 1788.</i>
    <b>19th Century Shop:</b> The social contract “Man is born free, and everywhere he is in chains”: ROUSSEAU, JEAN-JACQUES. <i>Principes du Droit Politique [Du Contract Social]</i>. Amsterdam: Michel Rey, 1762
    <b>19th Century Shop:</b> “The first English textbook on geometrical land-measurement and surveying”: BENESE, RICHARD. <i>This Boke Sheweth the Maner of Measurynge All Maner of Lande…</i>
  • <b>Sotheby’s Books & Manuscripts<br>Marcel Proust – Collection Marie-Claude Mante<br>Auction Paris 24 May 2018</b>
    <b>Sotheby’s Paris, May 24:</b> Marc Chagall. <i>Daphnis & Chloé</i>. Paris, Tériade, 1961. 42 original lithographs. One of the 10 copies for the collaborators. 80,000-120,000 €
    <b>Sotheby’s Paris, May 24:</b> [Marcel Proust] — Gaston Gallimard. Very important letters to Marcel Proust. 1912-1922. 100,000-150,000 €
    <b>Sotheby’s Paris, May 24:</b> JESUITS. <i>Relation de ce qui s’est passé en la Nouvelle France en 1635</i> […] 1672. Period calf binding. Very rare set of letters about life in the French territories among warring Indian tribes. 12,000-18,000 €
    <b>Sotheby’s Books & Manuscripts<br>Marcel Proust – Collection Marie-Claude Mante<br>Auction Paris 24 May 2018</b>
    <b>Sotheby’s Paris, May 24:</b> Gustave Flaubert. <i>Madame Bovary</i>. Paris, Michel Lévy Frères, 1857. One of the few deluxe copies, with inscription to Adolphe Gaïffe and a letter. 30,000-50,000 €
    <b>Sotheby’s Paris, May 24:</b> A. von Humboldt. <i>Essai politique sur le Royaume de la Nouvelle Espagne.</i> Paris, 1811. Period binding. Complete with the large California/Mexico map. 10,000-15,000 €
    <b>Sotheby’s Paris, May 24:</b> [Affaire Dreyfus] — Georges Clemenceau. <i>Démosthène</i>. Paris, Plon-Nourrit et Cie, 1926. Exceptional copy with an inscription to Mathieu Dreyfus, Alfred Dreyfus’ brother. 8,000-<br>12,000 €
    <b>Sotheby’s Books & Manuscripts<br>Marcel Proust – Collection Marie-Claude Mante<br>Auction Paris 24 May 2018</b>
    <b>Sotheby’s Paris, May 24:</b> Guillaume Apollinaire. <i>Les trois Don Juan</i>. 1914. Unpublished inscription to Madeleine Pagès and 2 original drawings. 25,000-35,000 €
    <b>Sotheby’s Paris, May 24:</b> Marcel Duchamp. <i>L.H.O.O.Q. shaved</i>. [New York, 1965]. One of the 100 deluxe signed copies. With an autographed envelope. 15,000-20,000 €
    <b>Sotheby’s Paris, May 24:</b> Francis Bacon — Michel Leiris. <i>Miroir de la tauromachie</i>. [Paris], Daniel Lelong, [1990]. With 4 signed lithographs. 40,000-60,000 €
    <b>Sotheby’s Books & Manuscripts<br>Marcel Proust – Collection Marie-Claude Mante<br>Auction Paris 24 May 2018</b>
    <b>Sotheby’s Paris, May 24:</b> Gilbert & George. <i>The Red Sculpture Album</i>. [Londres, Gilbert & George], 1975. One of the 100 existing copies, signed by both of the artists, comprised of 11 original photographs. 10,000-15,000 €
    <b>Sotheby’s Paris, May 24:</b> Pablo Picasso — Honoré de Balzac. <i>Chef-d’œuvre inconnu</i>. Paris, Ambroise Vollard, 1931. One of the 65 deluxe copies on Japan paper, with an extra suite of the etchings. 35,000-<br>45,000 €
    <b>Sotheby’s Paris, May 24:</b> Marcel Proust. <i>Les Sources sur Loir</i>. Ca 1907-1908. Handwritten manuscript. Rough draft of one of the more beautiful passages of Swann’s Way. 30,000-50,000 €
  • <b>Archives International Auctions: U.S., Chinese & Worldwide Banknotes, Scripophily & Coins. May 23, 2018</b>
    <b>Archives International, May 23:</b> Chinese-American Bank of Commerce, 1920 "Harbin" Branch Issue Rarity. $5, P-S231s1, S/M#C271-3.5b, Specimen banknote. $25,000 to $35,000
    <b>Archives International, May 23:</b> Deutsch-Asiatische Bank, 1907 "Peking" Branch High Grade Rarity. 5 Taels, P-S280r S/M#T101-11b, Remainder Banknote. $17,000 to $22,000
    <b>Archives International, May 23:</b> Deutsch-Asiatische Bank, 1907, "Tsingtau" Branch Issue Rarity. $1, P-1a S/M#T101-40, Issued banknote. $8,000 to $16,000
    <b>Archives International Auctions: U.S., Chinese & Worldwide Banknotes, Scripophily & Coins. May 23, 2018</b>
    <b>Archives International, May 23:</b> Spanish American War - Three Per Cent Loan of 1898, $20 Bond. Issued and uncanceled. $6,000 to $10,000
    <b>Archives International, May 23:</b> Winnemucca, NV - $5 Ty. 1, The First NB of Winnemucca, Ch# 3575, Fr#1800-1. $3,000 to $5,000
    <b>Archives International, May 23:</b> National Banknote Assortment of Original 1st Charter, Plain Back and Date Back Issues. Lot of 6 notes, Includes Pennsylvania Nationals, First National Bank of Selins Grove, 1865, $1… $3,200 to $4,400
    <b>Archives International Auctions: U.S., Chinese & Worldwide Banknotes, Scripophily & Coins. May 23, 2018</b>
    <b>Archives International, May 23:</b> People's Bank of China, 1950 Issue Banknote. 50,000 Yuan, P-855 KYJ-C157a S/M#C282-, Issued banknote. $7,000 to $12,500
    <b>Archives International, May 23:</b> Pei-Yang Tientsin Bank, ND (ca.1910) Remainder Banknote. $3, P-S2527 S/M#P35-11. $5,000 to $7,000
    <b>Archives International, May 23:</b> Palestine Foundation Fund - Keren Hayesod Specimen Sacrifice Bond 1922. $1,000, Specimen Bond, "For the Up building of Palestine as a Homeland for the Jewish People". $1,500 to $2,500

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