• <b>Swann Auction Galleries Oct 18: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 18:</b><br>Euclid, <i>Elementa geometriae,</i> first edition, Venice, 1482. $60,000 to $80,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Sir Isaac Newton, <i>Opticks,</i> first edition, London, 1704. $15,000 to $25,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Jean-Baptiste du Halde, S.J., <i>Description... de l'Empire de la Chine,</i> first edition, Paris, 1735. $15,000 to $20,000.
    <b>Swann Auction Galleries Oct 18: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 18:</b><br>Werner Rolewinck, <i>Dat boek dat men hiet Fasciculus temporum,</i> first edition in Dutch, Utrecht, 1480. $8,000 to $12,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Eckenstein and Lorria, <i>The Alpine Portfolio,</i> first edition, London, 1889. $2,500 to $3,500.
    <b>Swann Auction Galleries Oct 18:</b><br>Johann Theodor & Johann Israel de Bry, <i>Pars quarta Indiae orientalis,</i> first edition, Frankfurt am Main, 1601. $1,500 to $2,000.
    <b>Swann Auction Galleries Oct 18: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 18:</b><br>Charles Darwin, <i>The Descent of Man,</i> first edition, London, 1871. $2,000 to $3,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Jonathan Swift, <i>Travels into Several Remote Nations of the World,</i> first edition, London, 1726. $3,000 to $5,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Rodrigo Zamorano, <i>Compendio del Arte de Navegar,</i> Seville, 1588. $20,000 to $25,000.
    <b>Swann Auction Galleries Oct 18: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 18:</b><br>William Shakespeare, <i>A Winters Tale,</i> first edition, London, 1623. $6,000 to $9,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Pedro de Medina, <i>L'Arte del Navegar,</i> first edition in Italian, Venice, 1554. $8,000 to $12,000.
    <b>Swann Auction Galleries Oct 18:</b><br>Hans Meyer, <i>An Account of The First Ascent of Kilimanjaro,</i> first edition in English, London, 1891. $1,500 to $2,500.
  • <b>Sotheby’s Paris: The Hunting Library of the Counts du Verne. 5 October.</b> The Largest Collection of Hunting and Falconry To Appear on the Market for the Last Thirty Years.
    <b>Sotheby's Paris Oct. 5:</b> Jacques du Fouilloux. <i>La Vénerie</i>. Poitiers, 1561. Est. €100.000 – 150.000
    <b>Sotheby's Paris Oct. 5:</b> Gaston Phébus. <i>Déduits de la chasse des bestes sauvaiges et des oyseaux de proye</i>. Paris, circa 1507. Est. €150.000 – 200.000
    <b>Sotheby's Paris Oct. 5:</b> Pierre et François de Gommer. <i>L’Autoursserie</i>. Chaalons, 1594. Est. €30.000 – 50.000
    <b>Sotheby’s Paris: The Hunting Library of the Counts du Verne. 5 October. The Largest Collection of Hunting and Falconry To Appear on the Market for the Last Thirty Years.
    <b>Sotheby's Paris Oct. 5:</b> Pierre Landry. <i>Quatre scènes de chasse à courre.</i> Paris, circa 1680. Est. €2.000 – 3.000
    <b>Sotheby's Paris Oct. 5:</b> Conte Henri de Vibraye - Baron Karl Reille. <i>La chasse à courre.</i> Paris, 1951. Est. €3.000 – 5.000
    <b>Sotheby's Paris Oct. 5:</b> Duc de Brissac - Paul Jouve. <i>Chasse.</i> Paris, 1956. Est. €30.000 – 50.000
  • <b>Seth Kaller:</b> Leaves from<br>George Washington's Own Draft <br>of His first Inaugural Address. An Extraordinary Rarity!
    <b>Seth Kaller:</b> Declaration of Independence: Benjamin Tyler 1818 - First Print with Facsimile Signatures.
    <b>Seth Kaller:</b> Thomas Jefferson Signed Act of Contress Authorizing Alexander Hamilton to Complete Famous Portland Maine Lighthouse.
    <b>Seth Kaller:</b> Emanuel Leutze. Silk Flag Banner designed by Leutze, created by Tiffany & Co., and presented to Gen. John A. Dix, 1864.
    <b>Seth Kaller:</b> The "greatest of early American maps … a masterpiece" (Corcoran). Thomas Holme.
    <b>Seth Kaller:</b> Lincoln Summons His Cabinet for a Historic Meeting to Discuss Compensated Emancipation.
    <b>Seth Kaller:</b> Albert Einstein. Autograph Letter Signed. Einstein Counsels His Son ... Meaning of Life.
    <b>Seth Kaller:</b> Normal Rockwell. Painting/Drawing Signed. Rockwell's "Barbeshop Quartet", 1936.
    <b>Seth Kaller:</b> Frederick Douglass. Autograph Letter Signed to unknown correspondent. Washington, D.C.
    <b>Seth Kaller:</b> Harry Truman. Autograph Manuscript Notebook for Kansas City Law School Night Class.
    <b>Seth Kaller:</b> Robert E. Lee. Autograph Letter Signed, June 11, 1782. Hours after the Battle of Culpeper Court House, Lee Escapes Again.
    <b>Seth Kaller:</b> George Washington. Letter Signed, as Commander-in-Chief, Continental Army, to Elias Dayton, Headquarters, [Newburgh, N.Y.], June 11, 1782.
  • <b>19th Century Shop.</b> (AMERICAN WEST.), Watkins, Taber, Savage, and others. <i>Magnificent Album of Mammoth Photographs of the American West, with other subjects various,</i> ca. 1865-1880s
    <b>19th Century Shop.</b> EINSTEIN, ALBERT. <i>The Meaning of Relativity,</i> signed by Einstein. London: Methuen, 1922
    <b>19th Century Shop.</b> CARTER, SUSANNAH. <i>The Frugal Housewife</i> (1772) 2d cookbook printed in America.
    <b>19th Century Shop.</b> SHAKESPEARE, WILLIAM. <i>Comedies, Histories, and Tragedies. Published according to the true originall copies.</i> The second impression. London: by Tho. Cotes, for Robert Allot, 1632
    <b>19th Century Shop.</b> (BROOKLYN). <i>An Act to Incorporate and Vest Certain Powers in the Freeholders and Inhabitants of the Village of Brooklyn, in the County of Kings.</i> Brooklyn: Printed by A. Spooner, 1816
    <b>19th Century Shop.</b> PAINE, THOMAS. <i>Common Sense</i> (1776) first edition sheets.

Rare Book Monthly

Articles - February - 2008 Issue

Book Prices Soared 15% at Auction in 2007

Chart

One of the auction charts available from AE.


By Michael Stillman

Book prices at auction rose sharply in 2007 following a couple years of very slow growth. The median price rose almost 15% last year, from $423 to $486. This follows a rise of less than 1% the year before. Volatility in exchange rates, as well a rebound in European markets that had been soft the prior two years, played a major role in the sharp increase. The average increase of 6% per year over the past three years may give a better picture of trends in the book market than does one sharply higher year following two flat ones.

These prices are based on U.S. currency, but the collapsing dollar wreaked havoc on an orderly marketplace. While prices rose 15% in terms of dollars, they rose 13% in British pounds and only 3% in Euros. Such was the collapse of the American dollar.

Book prices at auctions held in America for American buyers (using U.S. dollars) rose by a more modest 9%. However, for European buyers computing their purchases in Euros, prices in America actually declined by 3%. In European auctions, prices for Europeans rebounded sharply, increasing 16% after several soft years. However, for American buyers using declining dollars, prices in Europe shot up by almost 30%, making that marketplace prohibitive for Americans. The phenomenon in books was similar to that for Americans purchasing fuel for their cars and homes – a substantial increase in underlying prices coupled with a collapsing dollar resulted in huge increases in costs.

Prices in the British market were the least volatile. The increase was a modest 1% for those buying in the local currency, while the British pound had only a relatively modest gain versus the U.S. dollar in 2007 after experiencing a sharp gain the year before.

The average price at auction took an even steeper incline than the median, rising 36% from $2,557 to $3,476 in 2007. However, average prices are easily skewed by a few very large sales and therefore are not as indicative of market conditions. Last year's $21 million sale of a copy of the Magna Carta was sufficient by itself to add $140 to the average sale price of all items.

While prices shot up, other sales numbers remained largely unchanged. In 2007, 75% of the lots offered were sold, 25% unsold, unchanged from 2006. Once again, 49% of items sold went for more than the high estimate, while 27% went for less than the low estimate, one percent less than last year. However, when unsold items are factored in, it shows that 45% of the items offered either sold for less than the low estimate or not at all, versus 37% of all items offered selling over the maximum. These figures too were unchanged from 2006.

Rare Book Monthly

  • <b>Bonhams: Fine Books and Manuscripts. Sept. 21, 2016</b>
    <b>Bonhams Sept. 21:</b> WARREN, JOSEPH. Letter Signed ("Jos Warren") as Chairman of the Committee of Safety. Cambridge, MA, June 4, 1775.
    <b>Bonhams Sept. 21:</b> WHITMAN, WALT. Leaves of Grass. Brooklyn, NY: [for the Author], 1855.
    <b>Bonhams Sept. 21:</b> JEFFERSON, THOMAS. Printed Broadside Signed ("Th: Jefferson") as Secretary of State. Philadelphia, February 12, 1793.
    <b>Bonhams Sept. 21:</b> CELLINI, BENVENUTO. 1500-1571. Autograph Letter Signed ("Beto. Cellini"). [Florence, c.1566].
    <b>Bonhams: Fine Books and Manuscripts. Sept. 21, 2016</b>
    <b>Bonhams Sept. 21:</b> NAPOLEON BONAPARTE. Autograph Manuscript. [c.1795].
    <b>Bonhams Sept. 21:</b> DICKENS, CHARLES. Great Expectations. London: Chapman and Hall, 1861.
    <b>Bonhams Sept. 21:</b> REED, JOHN. To the Honourable House of Representatives of the Freemen of Pennsylvania this Map of the City and Liberties of Phiadelphia With the Catalog of Purchasers is Humbly Dedicated.... [Philadelphia]: engraved by James Smit
    <b>Bonhams Sept. 21:</b> ELIOT, THOMAS STEARNS. The Waste Land. New York: Boni and Liveright, 1922.
    <b>Bonhams: Exploration and Travel. Sept. 20, 2016</b>
    <b>Bonhams Sept. 20:</b> PTOLEMAEUS, CLAUDIUS. 2nd Century. Untitled Ptolemaic Map of the World. [Insculptum est per Johane Schnitzer de Armszheim.] [Ulm: Leinhart Holle, July 16, 1482.]
    <b>Bonhams Sept. 20:</b> HONDIUS, JODOCUS THE YOUNGER. 1597-1651; JOHANNES JANSSONIUS, PUBLISHER. 1588-1664; ADRIAAN METIUS, ASTRONOMER; & ABRAHAM GOOS, ENGRAVER. A Pair of Library Globes. Amsterdam: 1623, 1648.
    <b>Bonhams Sept. 20:</b> HAKLUYT, RICHARD. 1553-1616. The Principall Navigations, Voiages, and Discoveries of the English Nations, made by Sea or ouer Land, to the most remote and farthest distant Quarters of the earth at any time within...
    <b>Bonhams Sept. 20:</b> WARRE, HENRY JAMES, SIR. 1819-1898. Sketches in North America and the Oregon Territory. [London]: Dickinson & Co., [1848].
    <b>Bonhams Sept. 20:</b> SPEKE, JOHN HANNING. 1827-1864. Manuscript map, ["Sketch Map of Eastern Africa, Shewing the Various Routes travelled by the Expedition"], 230 x 255 mm, n.p., c.1858.

Article Search

Archived Articles

Ask Questions