• <b>Bonhams: Fine Books and Manuscripts. June 12, 2018</b>
    <b>Bonhams, June 12:</b> Ortelius. Theatrum orbis terrarum. Antwerp, 1570. FIRST EDITION. $50,000 to $80,000
    <b>Bonhams, June 12:</b> Shakespeare, William. The Tragedie of Julius Caesar. London, 1623. 1st appearance in print, Complete from the First Folio. $50,000 to $70,000
    <b>Bonhams, June 12:</b> Ernst, Max. Mr. Knife and Miss Fork. Paris, 1932. DELUXE EDITION. $12,000 to $18,000
    <b>Bonhams: Fine Books and Manuscripts. June 12, 2018</b>
    <b>Bonhams, June 12:</b> Cage, John. Autograph musical leaf from his Concert for Piano and Orchestra, NY, 1958. $10,000 to $15,000
    <b>Bonhams, June 12:</b> Einstein, Albert. Signed Passport Photo for his US citizenship application. Bermuda, 1935. $8,000 to $12,000
    <b>Bonhams, June 12:</b> Verard, Antoine. Illuminated printed Book of Hours. Paris, 1507. $8,000 to $12,000
    <b>Bonhams: Fine Books and Manuscripts. June 12, 2018</b>
    <b>Bonhams, June 12:</b> Wetterkurzschlussel. German Weather Report Codebook - for Enigma use. Berlin, 1942. $20,000 to $30,000
    <b>Bonhams, June 12:</b> Morelos y Pavon, Jose Maria. Autograph letter signed to El Virrey Venegas, February 5, 1812. $7,000 to $10,000
    <b>Bonhams: Fine Books and Manuscripts. June 12, 2018</b>
    <b>Bonhams, June 12:</b> Milne, A.A. Complete set of Winnie-the-Pooh books. 4 volumes. All first issue points. London, 1924-1928. $6,000 to $9,000
    <b>Bonhams, June 12:</b> A 48-star American Flag, battle worn flown at Guadalcanal and Peleliu, 1942-1944. $10,000 to $15,000
    <b>Bonhams, June 12:</b> Locke, John. Autograph Letter Signed mourning the death of his friend, William Molyneaux, 2 pp, October 27, 1698. $7,000 to $10,000
  • <b>Sotheby’s Online, June 18 - 28:</b> Lewis, Meriwether, and William Clark. <i>History of the Expedition Under the Command of Captains Lewis and Clark, To the Sources of the Missouri…</i> 1814, first edition. $100,000 to $150,000
    <b>Sotheby’s Online, June 18 - 28:</b> Poe, Edgar Allan. <i>Tales.</i> New York: Wiley And Putnam, 1845. First edition, first printing, first issue. $70,000 to $100,000
    <b>Sotheby’s Online, June 18 - 28:</b> Dürer, Albrecht, and Johann Stabius. [Map of the World as a Sphere.] [Vienna,] 1781 (From Woodblocks Cut In 1515). $120,000 to $180,000
    <b>Sotheby’s Online, June 18 - 28:</b> Ferdinand, Franz — Lala Deen Dayal [Photographer]. VISIT OF H.I. & H.R. THE ARCHDUKE FRANZ FERDINAND OF AUSTRIA ESTE TO HYDERABAD (DECCAN), JANUARY 1893. $4,000 to $6,000
    <b>Sotheby’s Online, June 18 - 28:</b> Lincoln, Abraham. Manuscript Letter Signed ("Yours Truly A. Lincoln") as Sixteenth President to Secretary of the Navy Gideon Welles Regarding William Johnson. $200,000 to $300,000
  • <center><b>TIMED ONLINE AUCTION<br>June 11 - 25, 2018</b></center>
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> ACCADEMIA ERCOLANENSE DI ARCHEOLOGIA. <i>Ornati delle Pareti</i>, Naples 1796. £2,000 to £3,000
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> AMERICAS. <i>Il Gazzettiere Americano…</i>, Livorno, 1763. £2,000 to £3,000
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> BARROW, John. <i>Travels in China…</i>, London, 1804. £600 to £800
    <center><b>TIMED ONLINE AUCTION<br>June 11 - 25, 2018</b></center>
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> BENOIST, Felix. <i>Album de L'Ile de Jersey</i>…, Paris & Nantes, 1870. £1,500 to £2,000
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> GAIL, Wilhelm. <i>Erinnerungen aus Spanien,</i> Munchen, [ca. 1837]. £1,800 to £2,200
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> HANCARVILLE, Pierre d'. <i>Recherches sur l'origine…,</i> London, Appleyard, 1785. £1,5000 to £2,000
    <center><b>TIMED ONLINE AUCTION<br>June 11 - 25, 2018</b></center>
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> HULLEY, T. <i>Six Views of Cheltenham.</i> London, R. Ackerman, 1813. £800 to £1,200
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> JEFFERSON, Thomas. <i>Notes on the state of Virginia</i>…, London, 1787. £12,000 to £18,000
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> LEWIS, John F. <i>Lewis's illustrations of Constantinople…,</i> London, McLean, 1837. £3,000 to £4,000
    <center><b>TIMED ONLINE AUCTION<br>June 11 - 25, 2018</b></center>
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> MARQUARD, Johann. <i>Tractatus politico-juridicus,</i> Frankfurt, 1662. £1,800 to £2,200
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> MAUND, Benjamin. <i>The botanic garden,</i> London, 1825-42. £1,500 to £2,000
    <b>Mayfair Book Auctions, Jun 11 - 25:</b> Willughby, Francis; John Ray (ed.). <i>Ornithologiæ libri tres</i>. London, John Martyn, 1676. £1,500 to £2,000
  • <b>Swann Auction Galleries June 21:</b> Thomas Paine, Autograph Letter Signed to Ira Allen, on a rendezvous at the Boston–a Paris café for political exiles, 1790s. $10,000 to $15,000.
    <b>Swann Auction Galleries June 21:</b> Paul Revere, Autograph Document Signed, certifying the discharge of a captain from his regiment, 1779. $12,000 to $18,000.
    <b>Swann Auction Galleries June 21:</b> Pay order to express rider Jonathan Park to warn Congress of arriving British warships, 1776. $20,000 to $30,000.
    <b>Swann Auction Galleries June 21:</b> Thomas Jefferson, Autograph Letter Signed to Thomas Sim Lee, stating that the government is not authorized to intervene in the Citizen Genêt affair, 1793. $20,000 to $30,000.
    <b>Swann Auction Galleries June 21:</b> George Washington, Letter Signed to Nathanael Greene, suggesting a way to obtain money for the Continental Army, 1780. $15,000 to $25,000.
    <b>Swann Auction Galleries June 21:</b> Andrew Jackson, Autograph Letter Signed to Senator John H. Eaton, on the Seminole Wars & Spain’s duplicity, 1819. $12,000 to $18,000.
    <b>Swann Auction Galleries June 21:</b> Harry S. Truman, Photograph Signed and Inscribed, showing a false newspaper headline about the 1948 presidential election. $12,000 to $18,000.
    <b>Swann Auction Galleries June 21:</b> Benjamin Franklin, vellum Document Signed, as President of the Supreme Executive Council of PA, 1786. $8,000 to $12,000.
    <b>Swann Auction Galleries June 21:</b> Henry Dearborn, two Autograph Manuscript items including a drawing of Bunker’s Hill, unsigned, 1818. $6,000 to $9,000.
    <b>Swann Auction Galleries June 21:</b> Andrew Jackson, <i>A New Map of the United States,</i> lithograph, circa 1828. $3,000 to $4,000.

Rare Book Monthly

Articles - April - 2015 Issue

Serendipity and Chance meet at SFPL

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Years ago, the exact number in dispute, but probably around the time of the 1989 earthquake, the San Francisco Public Library disposed of some old and seemingly unwanted accounting books, they oversized and unused, the contents potentially embarrassing or boring.  Their decision-maker, at that moment, decided to dispose of them in the time-honored way, sneaking them into the trash after nightfall: unknown, un-recollected and soon to be forgotten.

 

Word that some interesting old material was going into the library’s dumpsters promoted some anguished calls to volunteers to parse the trash after dark for the very good among the very bad. Into that opportunity some young-at-heart [if not always young themselves] engaged in the unthinkable to save the library from its momentary lapse.

 

For years after no one was quite sure who, if anyone, had what.  After all, the thought that fine and rare material now lay beneath the million tons of trash that has since accumulated at the city dump, was simply too much to consider.  Like religion, in the absence of evidence, you simply have to hope.

 

Among whatever else disappeared back then there were two volumes of the County of San Francisco jailhouse records.  The pages were large, full folio, and each incarceration, the name, the reason, the dates in and out, recorded in hand – suggesting these volumes were the only copies made.  There was more than one jail in the city and these the records for only one of them.  Murderers passed through other doors, the crimes here more about public intoxication, fighting and petty theft than armed robbery.  These were the low hanging fruit.

 

Some sixteen years ago I bought a commercial building on Geary Avenue in San Francisco, made renovations and stepped back to become rich.  It didn’t turn out that way.  I got to know the tenants and they all became like family.  Their problems were my problems and it became more and more difficult to raise the rents.  Six years ago I decided to sell, what I had come to think of as, my charity ward.  The buyer was Raoul Isaac, a very smart and clear spoken man.  We became friends.  He liked old books and we would talk about them from time to time.  When, a few years later, I sought to give roughly a thousand bound volumes of 19th and 20th century volumes away he offered to take them.

 

A year or so later he despaired of making any money with them and donated them to an online literacy project that no doubt today is trying to figure out who they can give them to.

 

At some point he asked for guidance about “some old jail records that looked like they might be worth something.”  Once in hand and after a careful reading to confirm no McKinneys were among the incarcerated, I realized that these were original city records and may not have been legally withdrawn.  I told him I would have to take them to the public library and ask if these were their records.  Raoul agreed, understanding full well they might claim them on the spot.  I made an appointment with Susan Goldstein, city archivist at the Main library.

 

When she saw them she was incredulous.  “These are ours.  They belong to the city archives and, by extension, the people of San Francisco.”  But then I told her the story of the decades earlier calls for help from the library asking the strong and able bodied to save material that was being thrown away.  She walked back her disbelief and agreed to call me in a few days.  In the meantime I left the volumes there until they could determine if they were legally theirs.  A few days later Susan called to say that her department had a number of County jail volumes from the same period in their collection.  The two “found” volumes filled in gaps in the library collection, they had clearly once been theirs but had slipped away, the details of their dispersal now mercifully lost to history, the decision-maker then in charge now forgiven if not forgotten.  “Could they get them back?”

 

Raoul asked that they be returned to him and I later made some effort to put together a deal.  I made some calls and was told these volumes might be worth $2,000 to $4,000 each and then tried to interest the library in raising that much to buy them back.  They were not interested and neither was Raoul in selling them that cheap.  That was three years ago.

 

This past year Raoul suggested he would give them to the library.  “Could I suggest an appraiser?”  He would take the donation as a tax deduction.

 

I then contacted Alan Aimone in Las Vegas.  He for decades worked as a librarian at the U. S. Military Academy Library at West Point and a few years ago retired to the other city that never sleeps.  He would appraise them but the fee might be substantial.  I then explained I was trying to get these books back to the San Francisco Public Library and he reduced his estimate.  Giving stuff away can be expensive and I have only myself to blame for I suggested the valuation to Raoul was probably in the low 5 figures.  It was but I had the currency wrong. 

 

During the ABAA fair week in Oakland in February Raoul and Alan got together and Alan was quite unimpressed.  He came back with a number that might have landed him in the hoosegow himself.  Raoul called to say the value was surprisingly low but nevertheless he would complete the donation to the library.

 

On March 12 we got together at the History Room on the sixth floor of the main library.  Susan was happy and so was Raoul.  A gentleman and an historian had found a way to right an ancient error.  Later I said to Raoul when we had lunch “something good will come of this.”  When the check came I paid.

 

Postscript 

 

Why was I so far off on my out-of-thin-air appraisal of these volumes? This is why we have professional appraisers. As explained below, these volumes were not really "comparable" to other prison records with which I was familiar. Here is Mr. Aimone's explanation of how this, and appraisals in general, are reached. It is a valuable lesson in how professional appraisers approach their art.

 

 By Alan Aimone

 

 

I thank Mr. McKinney for this opportunity to provide an appraiser’s insight.   First, in the interest of “full disclosure,” I have subscribed to Mr. McKinney’s “Americana Exchange,” currently the “Rare Book Hub,” for many years.  I use it often as a source of information for appraisals.  We have also met and spoken on several occasions and I have much respect for Mr. McKinney.

 

Dealers and collectors are typically very knowledgeable about values of items in their area(s) of expertise.   However, achieving and maintaining the designation of “accredited appraiser” requires much study and ongoing continuing education.  Very importantly, accredited appraisers are required to adhere to the Uniform Standards of Professional Appraisal Practice as promulgated by the Appraisal Foundation, which is “authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications.”

 

Formal appraisals are done for three reasons:  Insurance, Donation and Estates.   Specifically the IRS requires an independent appraisal for a donation valued at $5,000 or more, if the donor is taking a taxable deduction.  In addition, some people want to know the value of items for their own interest or if they anticipate selling their items.  In the case discussed by Mr. McKinney, the appraisal was undertaken because it was thought that the donation value could well meet or exceed the $5,000 threshold for which the IRS requires an independent appraisal.  

 

Accepted appraisal practice requires that after inspection of the item(s) to be appraised, the appraiser must base the appraisal on comparable examples  (“comparables”) and be able to justify adjustments to the value.   A comparable is the same or similar item that is currently on the market, or has recently been sold.   Comparables for books and other print material rarely, if ever, are exactly the same as the item being appraised, of course.   Current market value must be adjusted based on many factors including – but not limited to - condition, provenance and content, including images and collectible signatures.   These same factors, of course, drive the collectability of the item, which drives market value.  Certainly content related to a famous or infamous person or event increases value if there is currently interest in that person or event.   To make that adjustment, requires the appraiser to have much expertise and experience.  Ultimately, however, the adjustments are somewhat subjective, but should be defendable.  In other words, the appraiser should be able to explain why a price was adjusted – either up or down - compared to the comparable samples. 

 

In this case, the jail records that commanded higher prices included photographs of the inmates, were records of persons incarcerated for more serious crimes and contained more details about the criminals.  The two volumes that are noted in the article did not include photographs, involved criminals jailed for lesser crimes (such as drunkenness, domestic disputes, assaults and operating opium dens).  No famous or infamous persons were identified in the two volumes.   They, therefore, have very limited collectability and were appraised at a lower value.   That being said, the volumes are part of the history of the city and might be referenced by genealogists or local historians and have been returned to their rightful location.

 

Finally, the cost of an appraisal is not determined by the value of the appraised item(s) or by the purpose of the appraisal.  Examining the item(s), researching comparables and making appropriate, educated adjustments requires considerable time as well as expertise and experience.  The appraiser’s time to properly and thoroughly complete the appraisal, including a written report is the same regardless of the appraised value or purpose of the appraisal.  

Rare Book Monthly

  • <b>Cowan’s Auctions: American History - Premier Auction. June 22, 2018</b>
    <b>Cowan’s, June 22:</b> General George Custer's Officer, James McLean Steele, 1868-1869 Diary. $30,000 - $50,000
    <b>Cowan’s, June 22:</b> Exceptionally Rare Anti-Slavery Broadside, “A Crusade Against Slavery”. $4,000 - $6,000
    <b>Cowan’s, June 22:</b> Revolutionary War General Richard Montgomery, Exceptionally Rare War-Date ANS. $4,000 - $6,000
    <b>Cowan’s Auctions: American History - Premier Auction. June 22, 2018</b>
    <b>Cowan’s, June 22:</b> Albumen Photograph of the "Scouts of the Plains," from Cody's Personal Collection. $8,000 - $10,000
    <b>Cowan’s, June 22:</b> Jefferson Davis, CDV, Signed and Dated to his Imprisonment in Fortress Monroe. $4,000 - $6,000
    <b>Cowan’s, June 22:</b> Robert E. Lee, CDV Signed Twice. $2,000 - $4,000
    <b>Cowan’s Auctions: American History - Premier Auction. June 22, 2018</b>
    <b>Cowan’s, June 22:</b> “Si Clack: Co. Q, 100th Indiana Vols.,” Written & Illustrated by Civil War Veteran, P.M. Radford. $2,500 - $3,500
    <b>Cowan’s, June 22:</b> General Meade Inspecting the 5th Corps, Civil War-Era Sketch by Alfred R. Waud. $2,000 - $3,000
    <b>Cowan’s, June 22:</b> Rare Huey Newton Black Panther Party Poster. $3,000 - $5,000
    <b>Cowan’s Auctions: American History - Premier Auction. June 22, 2018</b>
    <b>Cowan’s, June 22:</b> Lloyd's New Political Chart, 1861. $800 - $1,200
    <b>Cowan’s, June 22:</b> William J. Ferguson, “Our American Cousin” Cast Member, Lincoln Assassination Archive. $8,000 - $10,000
    <b>Cowan’s, June 22:</b> Albert Einstein, Signed Photograph in his Favorite Leather Jacket. $2,000 - $4,000
  • <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>

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