Rare Book Monthly

Articles - December - 2005 Issue

Abebooks Purchases BookFinder, Looks to the Future

Abfinder

Abebooks has purchased the venerable BookFinder search site.


By Michael Stillman

Abebooks announced this past month the purchase of book meta-search engine BookFinder.com. BookFinder searches the listings of dozens of online sites, including Abebooks and its numerous competitors, such Alibris, Biblio, Amazon, Half.com, and a couple of dozen smaller sites. All are treated equally. In operation since 1997 (antiquity for the internet), it is a very helpful and well-respected site among those with a need or passion for locating old books. Though small, with only two full-time employees, BookFinder brings a prestigious reputation beyond its size to new owner Abebooks.

BookFinder earns its living through commissions paid by the sites it searches when they deliver a buyer. It is reported to be a profitable site, but not of such wealth as to be able to fund major new projects. For BookFinder, access to Abebooks' greater resources makes perfect sense. Both sites require the capacity to do enormous searches through huge databases in split-second timing. Abebooks brings with it the financial ability to meet these needs as technology continues to develop at lightening speed in the years ahead. While no indications of price were released, the purchase undoubtedly made financial sense to BookFinder CEO/co-founder Anirvan Chatterjee too.

The logic for Abebooks is not quite so readily clear. It is a purchase that both makes eminent sense and is somewhat puzzling. The logic is that both sites' purpose is to help people locate old or rare books online. What is less obvious is how owning BookFinder helps Abe's current operations.

Abe's dealers were left scratching their heads as to what, if any, difference this would mean to them. How this might affect Abe's booksellers is not clear. In the release announcing the purchase, Abebooks' CEO Hannes Blum is quoted as saying, "Our goal is to help booklovers find and buy any book from any bookseller anywhere, so the acquisition of BookFinder.com makes perfect sense." That's one of those general statements that really doesn't tell us a lot. Certainly Abe's mission is to help buyers find books, but even more importantly, Abe's mission, like that of any other business, is to make a profit. Sending customers to Amazon or Alibris doesn't seem terribly consistent with this purpose, other than for the immediate commission earned on the sale.

We asked Abe's Public Relations manager Richard Davies how bringing BookFinder into the fold would help their sellers. He answered, "The online bookselling sector is extremely competitive and we are very aware we cannot afford to stand still. This deal makes Abebooks stronger within the bookselling community and ultimately it will make us better able to serve booksellers. BookFinder.com is profitable and has tremendous potential to be even more successful, plus both BookFinder.com and Abebooks are dedicated to supporting independent sellers, so the deal makes perfect sense to us." Abebooks evidently feels that the purchase makes them a stronger company, and a stronger Abebooks is better for its dealers, but it's still understandable if those dealers find the answer a bit vague.

Rare Book Monthly

  • <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Ernst, Max. <i>Mr. Knife and Miss Fork</i>. Paris, 1932. DELUXE EDITION. Sold for $15,625
    <b>Bonhams, June 12 results:</b> Cage, John. Autograph musical leaf from his Concert for Piano and Orchestra, NY, 1958. Sold for $18,750
    <b>Bonhams, June 12 results:</b> Cage, John. Autograph musical leaf from his Concert for Piano and Orchestra, NY, 1958. Sold for $18,750
    <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Einstein, Albert. Signed Passport Photo for his US citizenship application. Bermuda, 1935. Sold for $17,500
    <b>Bonhams, June 12 results:</b> Verard, Antoine. Illuminated printed Book of Hours. Paris, 1507. Sold for $7,500
    <b>Bonhams, June 12 results:</b> Wetterkurzschlussel. German Weather Report Codebook - for Enigma use. Berlin, 1942. Sold for $225,000
    <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Morelos y Pavon, Jose Maria. Autograph letter signed to El Virrey Venegas, February 5, 1812. Sold for $6,250
    <b>Bonhams, June 12 results:</b> Milne, A.A. Complete set of <i>Winnie-the-Pooh</i> books. 4 volumes. All first issue points. London, 1924-1928. Sold for $5,250
    <b>Bonhams, June 12 results:</b> A 48-star American Flag, battle worn flown at Guadalcanal and Peleliu, 1942-1944. Sold for $35,000
    <b>Bonhams, June 12 results:</b> Locke, John. Autograph Letter Signed mourning the death of his friend, William Molyneaux, 2 pp, October 27, 1698. Sold for $20,000
  • <b>Doyle: Hunting Books from the Collection of Arnold "Jake” Johnson. Online only auction Aug 3-14</b>
    <b>Doyle, Online only auction Aug 3-14:</b> <i>The Sportsman's Portfolio of American Field Sports.</i> 1855. Est: $600 to $900
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Bishop's Birds. Etchings of Water-Fowl and Upland Game Birds.</i> 1936. Est: $200 to $300
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Hunting Big Game in Far Northwest British Columbia</i>. 1904. Est: $500 to $800
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Mananaland. Adventuring with Camera and Rifle Through California in Mexico.</i> 1929. Est: $400 to $600
    <b>Doyle: Hunting Books from the Collection of Arnold "Jake” Johnson. Online only auction Aug 3-14</b>
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Grand Canyon Trails.</i> 1924. Est: $300 to $500
    <b>Doyle, Online only auction Aug 3-14:</b> <i>A Sporting Trip through Abyssinia. A Narrative of a nine months’ journey..</i> 1902. Est: $200 to $300
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Hunting in Tanzania [...in Zimbabwe; ...the Sudan; ...in Botswana; ...in Ethiopia; ...in Zambia; ...in South Africa; ...in Kenya]</i>. 1991-2000. Est: $800 to $1200
    <b>Doyle, Online only auction Aug 3-14:</b> <i>Hounds and Hunting through the Ages ... with an Introduction by the Earl of Lonsdale</i>. 1928. Est: $600 to $900
  • <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>Swann Auction Galleries:</b> Luis de Lucena, <i>Arte de Ajedres,</i> first edition of the earliest extant manual on modern chess, Salamanca, circa 1496-97. Sold for $68,750.
    <b>Swann Auction Galleries:</b> Carte-de-visite album with 83 images of prominent African Americans & abolitionists, circa 1860s. Sold for $47,500.
    <b>Swann Auction Galleries:</b> Gustav Klimt, <i>Das Werk,</i> Vienna & Leipzig, 1918. Sold for $106,250.
    <b>Swann Auction Galleries:</b> Man Ray, <i>[London Transport] – Keeps London Going,</i> 1938. Sold for $149,000.
    <b>Swann Auction Galleries:</b> Thomas Jefferson, Letter Signed, to Major-General Nathanael Greene, promising reinforcements against Cornwallis, 1781. Sold for $35,000.
    <b>Swann Auction Galleries:</b> Nicolas de Fer, <i>L’Amerique Divisee Selon Letendue de ses Principales Parties,</i> Paris, 1713. Sold for $30,000.
    <b>Swann Auction Galleries:</b> Russell H. Tandy, <i>The Secret in the Old Attic,</i> watercolor, pencil & ink, 1944. Sold for $35,000.
    <b>Swann Auction Galleries:</b> Ernest Hemingway, <i>Three Stories & Ten Poems,</i> first edition of the author's first book, Paris, 1923. Sold for $23,750.
    <b>Swann Auction Galleries:</b> Walker Evans, <i>River Rouge Plant,</i> silver print, 1947. Sold for $57,500.

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