• <b>Seth Kaller:</b> “America the Beautiful”
    <b>Seth Kaller:</b> George Washington, Tongue-in-Cheek, Writes James McHenry About His Wife or Mistress—But Funding the Continental Army is the Real Topic
    <b>Seth Kaller:</b> Young’s Map of the United States
    <b>Seth Kaller:</b> President Lincoln & His Most Profitable Client, the Illinois Central Railroad
    <b>Seth Kaller:</b> Lincoln Thanks Former Pro-Slavery and Newly Republican Congressman for a Fiery Anti-Slavery Speech at a Philadelphia Campaign Rally
    <b>Seth Kaller:</b> “A Visit From St. Nicholas” - great association copy inscribed by Clement C. Moore
    <b>Seth Kaller:</b> Einstein Agrees to Allow “a Short Book on the Hydrogen Bomb” to Use His Statement Made on Eleanor Roosevelt’s TV Show
    <b>Seth Kaller:</b> The Building Blocks of Albert Einstein’s Creative Mind
    <b>Seth Kaller:</b> A Unique Manuscript Map of Block Island Sound Including Fisher’s and Gardiner’s Islands, the Hamptons, and Montauk Point
    <b>Seth Kaller:</b> J.R.R. Tolkien Writes his Proofreader with a Lengthy Discussion of the Lord of the Rings, Including Criticism of Radio Broadcasts of his Work
    <b>Seth Kaller:</b> Six Benjamin Franklin Signed Receipts – Including his Earliest Obtainable Autograph — Acknowledging a Donation to the Famous Library Company He Founded, and Five Payments for His Pennsylvania Gazette
    <b>Seth Kaller:</b> Sherman Dishes on Lincoln & Thomas, Meade, Sheridan, Halleck & Grant
  • <b>Now in press: 19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop.</b> <i>The First American Magna Carta. English Liberties.</i> Boston, 1721.
    <b>19th Century Shop.</b> Babbage presentation to Peel, the man who killed the Difference Engine 1832
    <b>19th Century Shop.</b> The Stamp Act. 1765
    <b>Now in press: 19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop.</b> Central Park Photographs by Prevost 1862
    <b>19th Century Shop.</b> Salem Witch Trials. Wonders of the Invisible World 1693
    <b>19th Century Shop.</b> Mammoth print of Millie-Christine, "The Carolina Twins" c. 1868
  • <b>Swann Auction Galleries Jun 7: Maps & Atlases, Natural History & Color Plate Books</b>
    <b>Swann Auction Galleries Jun 7:</b><br>Shaw & Nodder, <i>The Naturalist's Miscellany</i>, complete, London, 1789-1813. $10,000 to $15,000.
    <b>Swann Auction Galleries Jun 7:</b> Samuel Baker, <i>A New and Exact Map of the Island of St. Christopher</i>, London, 1753. $20,000 to $30,000.
    <b>Swann Auction Galleries Jun 7:</b> Henry Briggs, <i>The North Part of America</i>, London, 1625. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7: Maps & Atlases, Natural History & Color Plate Books</b>
    <b>Swann Auction Galleries Jun 7:</b><br>John James Audubon, <i>Herring Gull</i>, CCXCI, hand-colored plate, London, 1836. $7,000 to $10,000. 
    <b>Swann Auction Galleries Jun 7:</b> Montanus & Ogilby, <i>America: Being the Latest, and Most Accurate Description of the New World</i>, London, 1671. $10,000 to $15,000. 
    <b>Swann Auction Galleries Jun 7:</b> Robert Cruikshank, portfolio of 25 watercolors, London, 1830s. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7: Maps & Atlases, Natural History & Color Plate Books</b>
    <b>Swann Auction Galleries Jun 7:</b> Group of 55 French watercolors depicting the life and deeds of Napoleon, 1800s. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7:</b> Aaron & Samuel Arrowsmith, <i>Chart of the Sandwich Islands</i>, London, 1830. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7:</b> Herman Moll, <i>A New and Exact Map of the Dominions of the King of Great Britain</i>, London, 1735. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7: Maps & Atlases, Natural History & Color Plate Books</b>
    <b>Swann Auction Galleries Jun 7:</b> Jacques-Nicolas Bellin,<i> L'Hydrographie Françoise</i>, Paris, circa 1770. $15,000 to $20,000.
    <b>Swann Auction Galleries Jun 7:</b> Joseph Frederick Wallet Des Barres, <i>Charlestown the Capital of South Carolina</i>, London, 1780. $8,000 to $12,000.
    <b>Swann Auction Galleries Jun 7:</b> Arnold Colom, <i>Pascaarte van Nieu Nederlandt</i>, Amsterdam, circa 1658. $7,000 to $10,000.
  • <b>Skinner Fine Books & Manuscripts: Books & Manuscripts Online Auction. May 23 - June 2, 2017</b>
    <b>Skinner Auction May 23 - Jun 2:</b> Andrew Wyeth, an archive of 43 unpublished letters. $80,000-120,000 [lot 1106]
    <b>Skinner Auction May 23 - Jun 2:</b> Abraham Lincoln, signed document granting pensions to surviving Revolutionary War Veterans, 1865. $60,000-80,000 [lot 1058]
    <b>Skinner Auction May 23 - Jun 2:</b> Forlani Map of North America, 1566. $40,000-60,000 [lot 1555]
    <b>Skinner Fine Books & Manuscripts: Books & Manuscripts Online Auction. May 23 - June 2, 2017</b>
    <b>Skinner Auction May 23 - Jun 2:</b> <i>Journal des Dames et des Modes</i>, 1912-1914. $4,000-6,000 [lot 1294]
    <b>Skinner Auction May 23 - Jun 2:</b> Book of Hours, Use of Rouen, late 14th Century. $30,000-40,000 [lot 1162]
    <b>Skinner Auction May 23 - Jun 2:</b> Schedel, World Map, 1493. $5,000-7,000 [lot 1589]
    <b>Skinner Fine Books & Manuscripts: Books & Manuscripts Online Auction. May 23 - June 2, 2017</b>
    <b>Skinner Auction May 23 - Jun 2:</b> Sir Isaac Newton’s copy of <i>Le Grand’s Institutio Philosophiae</i>, 1675. $5,000-7,000 [lot 1308]
    <b>Skinner Auction May 23 - Jun 2:</b> Muhammad Mu'min Husaini’s Tuhfat al-Mu'minin, 17th century Persian medical manuscript on paper. $4,000-6,000 [lot 1118]
    <b>Skinner Auction May 23 - Jun 2:</b> Persian Calligraphy, an album. $4,000-6,000 [lot 1119]
    <b>Skinner Fine Books & Manuscripts: Books & Manuscripts Online Auction. May 23 - June 2, 2017</b>
    <b>Skinner Auction May 23 - Jun 2:</b> Edgar Allan Poe, <i>Tales</i>, New York: Wiley & Putnam, 1845. $3,00-5,000 [lot 1361]
    <b>Skinner Auction May 23 - Jun 2:</b> English New Testament, Douay-Rheims, 1582, first edition. $10,000-15,000 [lot 1154]

Rare Book Monthly

Articles - November - 2015 Issue

Booksellers Respond To RBH’s “Clearing the Backlog” Article

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A number of booksellers felt the the proposal outlined in “Clearing the Backlog” was not needed or workable.

Last month, Rare Book Hub Monthly publisher Bruce McKinney posted an article titled “Clearing the Backlog” that has drawn a lot of reaction in the bookselling world. In his piece McKinney noted that while prices at the upper tier of the book world have gotten stronger, at the lower end the market is flooded and prices are racing to the bottom. By his estimate 99% of all rare and collectible books are worth $600 or less, and of that number his educated guess was some 95% were valued at under $150. By his own estimate there were at least 3 million items that he thought would need to change hands in the next three to five years -- and he predicted “for many dealers the sun is setting.”

 

McKinney went on to suggest a new system of selling in a modified auction format that RBH would set up and which would be open to its subscribers. He proposed that starting price would be pegged at “25% of fair market value,” and once the transaction was concluded the buyer would pay the shipping. Unlike other existing services such as Amazon, Abe, Alibris or eBay it would be free to subscribers - there would be no additional commission or listing fee charged.

 

Though the comments section of the article drew positive reaction, a recent long thread on one of the bookselling list-serves produced opinions that leaned strongly in the other direction.

 

Booksellers who commented ranged from those who sold a general stock of used books to some of the better known ABAA affiliated specialists. They took issue with McKinney’s proposal for a variety of reasons.

 

Chris Volk of Bookfever.com, an established online bookseller based in Ione, Ca. was one of the first to reply: “In a sense, I could be one of the booksellers targeted by this article,” she wrote. “That is, we are primarily selling in the collectible market, and 95% of the books we sell are $150 or less - and we have a lot of books!

 

“But I still find this proposal not helpful for a couple of reasons - the first is the assumption that most booksellers feel like they need to clear out the backlog and are willing to invest a certain amount of time and energy in doing so at bargain prices."

 

Volk’s reaction was not that she needs to cut her prices but rather “what I need to do is to change my mindset that if one is good, two are better,... and to stop feeling like we need to have in inventory ‘every title’ an author wrote.”

 

She also took issue with McKinney proposal that, "Each item will have a start price and it can be no more than 25% of fair market value [as established by eBay, Abe, or auction realizations]"

 

“Most books which sell for under $150,” she said, “have few if any auction results - and how does one even begin to determine the fair market value of something offered on ABE? The range of prices for a book which might be reasonably listed at $50-100 will often be from $1 to $500 - so who is going to say that $50 is FMV, or is it $5 if an ‘unsold’ copy exists for that price?

 

“I consider virtually all of our list prices FMV … - and I figure if the tail is long enough, we should sell virtually everything for roughly a net of 75% of list (20% commissions and fees, extra 5% to account for discounts, sales, etc). It is a rare day that does not include a sale of some books listed more than 3 years ago, or even more than 5 years ago.”

 

Like others she thought, “Doing a lot of work to sell a bunch of books for 25% of FMV sooner is not very appealing - even though I realize that, if the inventory were being liquidated, getting just ten cents on the dollar overall would be doing pretty good!”

 

Laurelle Swan of Swan’s Fine Books in Walnut Creek, Ca. wrote, ….” I am a subscriber to

the auction record service that Bruce provides and am grateful to have it as one, among many, tools to use in determining price." She noted, “there are multiple avenues in place already for selling our items, be they lower or higher in the pricing scale.

 

“I would rather see us put our collective time and energy into making those avenues - including ABE, the IOBA and ABAA websites - better known. Many of our customers who ask me for help in locating an item online are only aware of eBay and Amazon, and have never heard of the current options. These customers (not the experienced collector) are the ones likely to be looking for these ‘lower-priced’ items that apparently we are all looking to sell at fire-sale prices, and these customers will not be aware of Rare Book Hub either.”

 

In her my opinion even though the RBH data base provides actual prices realized on auction transactions, “it does not provide ‘SOLD’ prices, it provides ‘AUCTION’ prices. Sold prices, in my definition,” she continued, “are the prices a bookseller realizes when he or she sells his or her book, and agrees on a price with a willing, reasonable buyer.

 

“I'm sure we have all purchased items at auction if we feel we are ‘getting a good deal’ - by definition, this means that we feel we can sell the book for more. Otherwise the auction houses would only have retail customers bidding on their lots, not booksellers. I'm also sure that many, if not most, of us tracking auctions have seen items sell for far more than we believe is fair retail price.”

 

In her view, “Auctions are all about clearing the decks, not in ascertaining a ‘fair market value’ for the wares they are selling. … Let's not consider auction prices any true indication of fair market value, ” and she was one of several to observe, “We might not like someone else telling us what a fair market value is for our books.”

 

Vic Zoschak, of Tavistock Books (ABAA) in Alameda, CA also was less than thrilled with the proposal. He commented briefly, “I am a long-time subscriber to RBH, at the Octavo level, and ‘very much’ value the information that Bruce supplies on his site. However, what others may not realize is that at this subscriber level, my inventory is also offered for sale ... on RBH. Despite a subscriber base comprised of the ‘best colleges, universities, archives, auction houses, special collections and deep pocket collectors and dealers’, I do not recall ever selling a book through RBH. Not a one. Ever.”

“Where do his clients come from,” asked Luis Porretta of Luis Porretta Fine Arts in British Columbia, “to buy these collectible books when they have not been found on eBay, Amazon and all the other listing services?” The reality is that there are fewer people buying books and more people selling books and this is a trend that has resulted in a falling turnover for most online book dealers the past fifteen years. Another venue selling books with a new plan is not going to change this reality.”

 

A Massachusetts specialist in books on science, technology and engineering who preferred not to be named thanked McKinney, “for once again creating a lively discussion, and for finding creative ways to market RBH. “But,” he asked, “don't all these basic mechanisms exist today? And in forms that we can all use, as much and as often as we want? We already have quality sites: TomFolio, Biblio, IOBA, and ABAA among others. These sites have "vetted" dealers, inventory, guarantees and descriptions.

 

“Any dealer can reduce venue pricing now (or list stock on eBay, send it to auction, offer sale lists to fellow dealers and customers, etc). Does anyone think the overhang exists simply because existing sites aren't offering material as effectively as they could?

 

“The real reason the "overhang" exists is supply has outstripped demand. One major contributing factor is the crippled traditional feeder system for new buyers and dealers (bookstores and tradeshows).

 

“The fun (and essential) part is to find new buyers. With new customers our less expensive material becomes a key resource to cultivate eager new minds. Improving the feeder system is the real fix.

 

“I would love it if a third party could do this work for me (us). But without significant levels of funding how likely is it that RBH could pull enough new, currently unknown customers into the fold solely by creating a new lower-cost venue?

 

“It is far more likely,” he thought, "that this proposal would cannibalize some of our existing sales by encouraging us to move our stock there, take away 75% of our retail price, and sell to the same buyers we already have, albeit at a better price. It really just kicks the bucket down the road a bit.”

 

His suggestions for improving the situation emphasized, “Focus on marketing, not on cost. Passive bookselling is not a strong strategy anymore.”

 

Though most of those who wrote did not think the proposal was needed or workable, there was at least one exception: Kenny Parolini of Vineland, NJ who sells online as poormansbooks.com wrote, “I make about one sale a year but it more than pays my $400 RBH fee. The listing is free with some subscriptions.”

 

To read the article “Clearing The Backlog” by Bruce McKinney that provoked these comments click here.

Rare Book Monthly

  • <b>Bonhams: Fine Books and Manuscripts, Including Illustration Art. June 7, 2017</b>
    <b>Bonhams June 7:</b> The 1936 Nobel Prize Medal for Physics, Presented to Victor Franz Hess for His Discovery of Cosmic Radiation. $300,000 to $500,000
    <b>Bonhams June 7:</b> Sangorski & Sutcliffe: Jewelled Binding. Byron, Lord [George Gordon]. An illuminated manuscript on vellum, being Byron's <i>Ode to Napoleon.</i> $40,000 to $60,000
    <b>Bonhams June 7:</b> Ruscha, Ed. Complete Set of 16 Artist's Books by Ed Ruscha. Various Places: Various Publishers, 1968-1973. All first printings, seven signed or with early inscriptions. $70,000 to $90,000
    <b>Bonhams: Fine Books and Manuscripts, Including Illustration Art. June 7, 2017</b>
    <b>Bonhams June 7:</b> McKenney, Thomas L. and James Hall. <i>History of the Indian Tribes of North America.</i> Fine and unsophisticated subscriber's copy in early state. $40,000 to $60,000
    <b>Bonhams June 7:</b> Williams, Thomas Lanier ("Tennessee Williams"). Producer Charles K. Feldman's file on the production of <i>The Glass Menagerie</i>(Warner Bros., 1950). $30,000 to $50,000
    <b>Bonhams June 7:</b> Lee, Harper. Archive of correspondence including 35 autograph letters signed (mostly "Harper", but a few "H", "H.L." or "Nelle Harper"). $25,000 to $35,000
    <b>Bonhams: Fine Books and Manuscripts, Including Illustration Art. June 7, 2017</b>
    <b>Bonhams June 7:</b> Tocqueville, Alexis de. <i>De la Démocratie en Amérique.</i> First editions of both parts of Tocqueville's classic <i>Democracy In America</i>. $20,000 to $30,000
    <b>Bonhams June 7:</b> Complete set of all periodical publications of The Royal Geographical Society 1831-1948, comprising 203 volumes with thousands of plates and maps, many folding. $20,000 to $30,000
    <b>Bonhams June 7:</b> Alchemy. Loewens and Richard. <i>Universal Medicin ex regulo stellato.</i> Original alchemical manuscript written in German and Latin, ink on paper. $15,000 to $20,000
    <b>Bonhams: Fine Books and Manuscripts, Including Illustration Art. June 7, 2017</b>
    <b>Bonhams June 7:</b> Bray, Anna Eliza. <i>Life of Thomas Stothard, R.A. with Personal Reminiscences.</i> Remarkable 10-volume collection of Stothard's work, expansively extra-illustrated. $12,000 to $18,000
    <b>Bonhams June 7:</b> Algren, Nelson. Producer Charles Feldman's extensive production archive of <i>Walk on the Wild Side</i> (Columbia 1962). $12,000 to $18,000
    <b>Bonhams June 7:</b> Elliot, Daniel Giraud. <i>The New and Heretofore Unfigured Species of the Birds of North America.</i> First edition, one of only 200 copies printed. $10,000 to $15,000
  • <b>Bubb Kuyper Auctions: Sale of Books, Prints and Manuscripts.<br>May 30 – June 2, 2017</b>
    <b>Bubb Kuyper Auctions May 30:</b> Hobson, R.L. <i>A catalogue of Chinese pottery and porcelain in the collection of Sir Percival David</i> (London, 1934). Est. € 8.000-10.000
    <b>Bubb Kuyper Auctions May 30:</b> Chagall, M. <i>Drawings for the bible</i>. (Paris, 1960). Est. € 1.500-2.500
    <b>Bubb Kuyper Auctions May 30:</b> Zwart, P. [N.K.F.]. <i>Delft kabels</i> (Delft, 1933). Est. € 20.000-30.000
    <b>Bubb Kuyper Auctions: Sale of Books, Prints and Manuscripts.<br>May 30 – June 2, 2017</b>
    <b>Bubb Kuyper Auctions May 30:</b> Zwart, P. [N.K.F.]. <i>Normalieënboekje</i> (Delft, 1924-1926). Est. € 30.000-50.000
    <b>Bubb Kuyper Auctions May 30:</b> [Russian children's books]. Mayakovsky, V. Kem byt'? (What to be?) (Moscow, 1932). Est. € 500-700
    <b>Bubb Kuyper Auctions May 30:</b> [Léger, F.]. Cendrars, B. <i>La Fin du Monde filmée par l'Ange</i> N.-D (Paris, 1919). Est. € 2.000-3.000
    <b>Bubb Kuyper Auctions: Sale of Books, Prints and Manuscripts.<br>May 30 – June 2, 2017</b>
    <b>Bubb Kuyper Auctions May 31:</b><br>La Roche, E. <i>Indische Baukunst</i> (Munich, 1921-1922). Est. € 3.000-5.000
    <b>Bubb Kuyper Auctions May 31:</b> Blume, C.L. <i>Flora Javae nec non insularum adjacentium./ Flora Javae nec non insularum adjacentium </i> (Brussels, 1828). Est. € 7.000-9.000
    <b>Bubb Kuyper Auctions May 31:</b> <i>Description de l'Égypte (…) pendant l'expédition de l'armée francaise</i> (Paris, 1820-1829). Est. € 30.000-50.000
    <b>Bubb Kuyper Auctions: Sale of Books, Prints and Manuscripts.<br>May 30 – June 2, 2017</b>
    <b>Bubb Kuyper Auctions May 31:</b><br>La Fontaine, J. de. <i>Fables choisies, mises en vers </i> (Paris, 1756).<br>Est. € 1.500-2.500
    <b>Bubb Kuyper Auctions May 31:</b> [VOC and WIC]. Pelsaert, F. <i>Ongeluckige Voyagie, Van 't Schip Batavia, Nae de Oost-Indien</i> (Amsterdam, 1647).<br>Est. € 40.000-60.000
    <b>Bubb Kuyper Auctions June 2:</b> Goya y Lucientes, F.J. de. <i>La Taureaumachie </i> (Paris, 1876), 40 etchings and aquatints. Est. € 8.000-10.000
  • <b>Fonsie Mealy Auctioneers: Rare Books, Literature & Sporting Collectibles. May 30, 2017</b>
    <b>Fonsie Mealy May 30:</b> Joyce (James), An Original Manuscript Page of text from <i>Finnegan’s Wake</i>, the opening of the Anna Livia Plurabelle section. €7,500-10,000
    <b>Fonsie Mealy May 30:</b> Joyce (James), <i>Chamber Music,</i> 1907. First Edition of his First Book, First Issue. €1,500-2,000
    <b>Fonsie Mealy May 30:</b> Lady Gregory’s Copy Signed by W.B. Yeats, Cuala Press: Yeats (W.B.), <i>Poems Written in Discouragement</i>, 1913. Limited to 50 Copies Only. €2,500-4,000
    <b>Fonsie Mealy Auctioneers: Rare Books, Literature & Sporting Collectibles. May 30, 2017</b>
    <b>Fonsie Mealy May 30:</b> A Twentieth Century Masterpiece: O’Brien (Flann), <i>At Swim-Two-Birds</i>, 8vo, 1939. First Edn. €1,750-2,500
    <b>Fonsie Mealy May 30:</b> The Missing Log of the H.M.S. Liffey Manuscript Journal, 1867. €1,500-2,000
    <b>Fonsie Mealy May 30:</b> Exceptionally Rare First Publication: Gregory (Augusta Lady), <i>Over the River: An appeal for aid to a poor parish in South London</i>. 1887. €1,000-1,500
    <b>Fonsie Mealy Auctioneers: Rare Books, Literature & Sporting Collectibles. May 30, 2017</b>
    <b>Fonsie Mealy May 30:</b> Ex. Rare Irish Broadsheet: An Irish Perspective on the Execution of Louis XVI, 1793 Broadsheet with engraving of the event, headed: “Massacre of the French King.” €500-700
    <b>Fonsie Mealy May 30:</b> Original Manuscript Poem, Heaney (Seamus), <i>The Schoolbag</i>. In Memoriam John Hewitt. Signed and dated November 8 1991. €1,000-1,500
    <b>Fonsie Mealy May 30:</b> Sowerby (J.E.), <i>English Botany; or Coloured Figures of British Plants</i>. Ed. by J.T. Boswell Syme. 10 vols, with 1696 hand-coloured plates. €750-1,000
    <b>Fonsie Mealy Auctioneers: Rare Books, Literature & Sporting Collectibles. May 30, 2017</b>
    <b>Fonsie Mealy May 30:</b> Collection of Signed First Editions incl. Francis (Dick), <i>Nerve</i> (London 1964); <i>For Kicks</i> (London 1965); <i>Forfeit</i> (London 1968). €400-500
    <b>Fonsie Mealy May 30:</b> Le Carre (John), <i>The Spy who came in from the Cold</i>, 8vo, 1963, First Edn., with author’s signature tipped in on t.p. €350-500
    <b>Fonsie Mealy May 30:</b> Adams (Richard), <i>Watership Down</i>, 8vo, 1976, First Illustrated Edn., Signed on f.e.p. by Author & Artist, and also signed by Artist on hf. title. €200-300

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