Rare Book Monthly

Articles - January - 2007 Issue

The Year just Past, the Year Ahead

Dealer.perception

Every dealer sees the future differently.


By Bruce McKinney

Thread by thread the world of books, manuscripts and ephemera is being sewn on the net into forms inconceivable only a few years ago. These are some of the most traditional fields and their online transitions now underway are resisted, fought, swore at and lamented by many sellers -- all to no avail. The genie is not going back into the bottle and no one is exempted. The market is remaking itself.

For many sellers the forced transition is both painful and exhilarating. Those well established in traditional bookselling have only a marginal advantage online. They may have shops, issue catalogs, and attend shows but online the focus is laser-like on the book, its condition, the price, and shipping. The name of the seller does not trump a better copy at a lower price.

If the internet is creating an increasingly impersonal market it is also creating a much larger one. The wife's tale, oft told, by dealers of "declining market" is hard to hear amid the babble of the increasingly busy online marketplace. Such sellers are actually talking about loss of pricing power which is shifting to the net; their demands now bracketed both by other copies and sales history. The "I expect to get" perspective of many booksellers is now giving way as increasingly experienced buyers, who know what material has brought, are not inclined to move far beyond what the market has demonstrated a buyer should pay.

Some dealers respond by moving away from material that has easily identified online comparables that provide unwelcome perspective on a dealer's pricing overall. These dealers would rather quit than be compared. If a buyer can see that a seller is regularly asking twice the online listing price others ask and four times eBay realizations the easy assumption is that all of a seller's material is priced this way. It's not that simple but the suspicion is there.

Entering 2007 it's starting to come down to who sets the price. The dealer has always been able to set the price and their assumption has been that the single variable is time. If the price was low the item might sell in a week, if priced too high perhaps it would remain unsold even five years later. These days though the high price has a doubly bad effect. The over-priced item is increasingly continuously visible to the buyer who has learned to track material and is unwilling to consider anything else from sellers who price material without regard to its selling history. Very few buyers had this perspective in the past but it's increasingly common today.

Rare Book Monthly

  • <b>Announcing a new Books for Sale platform hosted by Biblio</b>
    <b>List your books simultaneously on Rare Book Hub and Biblio</b>
  • <b>19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop:</b> Exodus 10:10 to 16:15. Complete Biblical scroll sheet in Hebrew, a Torah scroll panel. Middle East, ca. 10th or 11th century.
    <b>19th Century Shop:</b> Copernicus Refuted. (Astronomy.). Scientific manuscript of a course of studies at Collège de la Trinité, Lyon. 1660s.
    <b>19th Century Shop:</b> Israel’s War of Independence and the Early Days of the IDF. 58 photographs presented to Israel Ber, IDF officer and later convicted spy.
    <b>19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop:</b> Early Unpublished Darwin letter on the races of man. Autograph Letter Signed [to Henry Denny]. Down, Kent, June 1, [1844].
    <b>19th Century Shop:</b> Classic Image of American Slavery. Kimball, M. H. <i>Emancipated Slaves</i>. New York: George Hanks, 1863.
    <b>19th Century Shop:</b> (Underground Railroad.) Scaggs, Isaac. Important Runaway Slave Poster: $500 Reward Ran away, or decoyed from the subscriber…
  • <b>Bonhams, inviting consignments for Sep 27:</b> Newton. <i>Philosophiae naturalis principia mathematica</i>. London, 1687.
    <b>Bonhams, inviting consignments for Sep 27:</b> Josephus. <i>De antiquitate Judaica.</i> Lubeck, 1475-76.
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    <b>Bonhams, inviting consignments for Sep 27:</b> Fridolin. <i>Der Schatzbehalter</i>. Nuremberg, 1491.
    <b>Bonhams, inviting consignments for Sep 27:</b> Pinder. <i>Der beschlossen gart des rosenkrantz marie</i>. Nuremberg, 1505.
    <b>Bonhams, inviting consignments for Sep 27:</b> Isidorus Hispalensis. <i>Synonyma de Homine</i>. Nuremberg, 1470-71.
    <b>Bonhams, inviting consignments for Sep 27:</b> Durer. Sammelband including <i>Underweysung der messing</i>. Nuremberg, 1525-29.
  • <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Sep 19: 19th & 20th Century Prints & Drawings</b>
    <b>Swann Auction Galleries Sep 28: Printed & Manuscript Americana</b>
    <b>Swann Auction Galleries Oct 5: African-American Fine Art</b>
    <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Oct 17: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 19:<br>Art & Storytelling: Photographs & Photobooks</b>
    <b>Swann Auction Galleries Oct 26: Rare & Important Travel Posters</b>
    <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Nov 2:<br>Old Master Through Modern Prints</b>
    <b>Swann Auction Galleries Nov 7: Autographs</b>
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    <b>Swann Auction Galleries Nov 16: Contemporary Art</b>
    <b>Swann Auction Galleries Dec 5:<br>Maps & Atlases, Natural History & Color Plate Books</b>
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