Rare Book Monthly

Articles - July - 2008 Issue

Oh Jesus I don't Want to Read This

Progress.has

Progress has a price.


By Bruce McKinney

When pundits discuss the economy the emphasis is always on growth measured on an inflation adjusted basis. So if growth, as measured as increase in GDP is 4.5% and inflation 2% net growth is 2.5%. Sustainable growth in the United States has been considered, in the post-World War II era, to be in the mid to high 2 percents. In the past ten years the Internet has changed economic expectations by introducing unpredicted efficiencies, in effect lowering costs for everything from used text books to new cars. It has increased effective GDP by another percent or so. It turns out that measurable change in economic activity isn't just the sum of increases in income [if you are a consumer] or sales [if you are a seller]. It's also increases in purchasing power. These days marketplace efficiency increases the value of disposable income by lowering the cost of many things we buy. Book buyers and sellers see this first hand as increasing market transparency that is both raising and lowering prices based on improving visibility of supply.

Participation is of course also changing. In the simplest economic model of book selling it is purely change in supply. In the real world there is also change in demand. In the more complex model of book selling book buying is an ever-decreasing variable among the ever-increasing choices human beings have. One hundred and fifty years ago the total of ALL news and information media was the sum of a few possibilities: newspapers, magazines, broadsides, pamphlets and books. Today we have many more including the ability to see and read material without having to possess the item.

This ability has lead to a division within the world of old and rare materials between the desire for original copies and a desire for access to their contents. Nowhere is this difference more stark than in libraries that are quickly embracing information, rather than physical copies, as their primary media. Every few months if not every few weeks more evidence arrives that books, and printed materials generally, are being replaced by electronic versions that are easier to use, more portable and environmentally friendly. This is why your local bookstore has closed and libraries are under pressure.

It is also turning out that the Internet and "new media" are bringing fundamental change to the way human beings think. We have known for a long time that we use only a small portion of our brains. Increasingly we are learning what this means. There are many ways to think, many ways to absorb information. Some people read, others scan, some hear music, others feel music. Some employ sequential logic, others "logical comparison." The Internet is providing a way for humans to move quickly, to create entire information maps with less effort than we could until recently clear a single path. Books are single stepping stones on the paths we devise. Our children, intellectual Tarzans and Janes, fly by on the ropes of complex relational thinking that makes our step by step approach seem as antiquated to them as their hopscotch approach looks frivolous to us.

At the outset I suggested that the value of money is, for many kinds of goods and books in particular, increasing as both the number of copies of books available becomes apparent and interest in these copies declines. This simply means that the value of many books is declining and that there are reasons for this. It's not a mystery or magic. It's just a fact.

For book sellers this suggests that more efficient lower cost selling tools are essential because if you can't raise your prices you had better lower your costs. And given that the market is increasingly online, the quality and complexity of descriptions, the use of keywords and increased sensitivity to timing will be very important.

The book business isn't going away but it is rapidly changing. The old ways will still work but increasingly they will work differently, rewarding the flexible.

Rare Book Monthly

  • <b>Swann Auction Galleries Apr 26:</b> Jacques-Émile Ruhlmann, wallpaper sample book, circa 1919. $15,000 to $25,000.
    <b>Swann Auction Galleries Apr 26:</b> Archive from a late office of the Breuer & Smith architectural team, New York, 1960-70s. $3,500 to $5,000.
    <b>Swann Auction Galleries Apr 26:</b> William Morris, <i>The Story of the Glittering Plain or the Land of Living Men,</i> illustrated by Walter Crane, Kelmscott Press, Hammersmith, 1894. $2,500 to $3,500.
    <b>Swann Auction Galleries Apr 26:</b> Gustave Doré, <i>La Sainte Bible selon la Vulgate,</i> Tours, 1866. $15,000 to $25,000.
    <b>Swann Auction Galleries Apr 26:</b> Gustav Klimt & Max Eisler, <i>Eine Nachlese,</i> complete set, Vienna, 1931. $15,000 to $25,000.
    <b>Swann Auction Galleries Apr 26:</b><br>Eric Allatini & Gerda Wegener, <i>Sur Talons Rouges,</i> with original watercolor by Wegener, Paris, 1929. $5,000 to $7,500.
    <b>Swann Auction Galleries Apr 26:</b><br>C.P. Cavafy, <i>Fourteen Poems,</i> illustrated & signed by David Hockney, London, 1966. $5,000 to $7,500.
    <b>Swann Auction Galleries Apr 26:</b> Jean Midolle, <i>Spécimen des Écritures Modernes...</i>, Strasbourg, 1834-35. $3,000 to $4,000.
    <b>Swann Auction Galleries Apr 26:</b><br>E.A. Seguy, <i>Floréal: Dessins & Coloris Nouveaux,</i> Paris, 1925. $3,000 to $4,000.
  • <b>Bonhams: Results from Fine Books and Manuscripts on March 9, 2018</b>
    <b>Bonhams, Mar. 9:</b> BEETHOVEN, LUDWIG VAN. Autograph Manuscript sketch-leaf part of the score of the Scottish Songs, "Sunset" Op. 108 no 2. [Vienna, February 1818]. Inscribed by Alexander Wheelock Thayer. SOLD for $131,250
    <b>Bonhams, Mar. 9:</b> Violin belonging to Albert Einstein, presented to him by Oscar H. Steger, 1933. SOLD for $516,500
    <b>Bonhams, Mar. 9:</b> EINSTEIN, ALBERT. Autograph Letter Signed ("Papa") to his son Hans Albert, discussing his involvement with the atomic bomb, September 2, 1945. SOLD for $106,250
    <b>Bonhams: Results from Fine Books and Manuscripts on March 9, 2018</b>
    <b>Bonhams, Mar. 9:</b> HAMILTON, ALEXANDER. Autograph Letter Signed, to Baron von Steuben, with extensive notes of Von Steuben's aide Benjamin Walker, June 12, 1780. SOLD for $16,250
    <b>Bonhams, Mar. 9:</b> NEWTON, ISAAC. Autograph Manuscript in Latin, being detailed instructions on making the philosopher's stone. 8 pp. 1790s. SOLD for $275,000
    <b>Bonhams, Mar. 9:</b> 1869 Inauguration Bible of President Ulysses S. Grant. SOLD for $118,750
  • <b>Doyle, April 25:</b> E.H. SHEPARD, Original drawing for A.A. Milne’s The House at Pooh Corner.<br>$40,000-60,000
    <b>Doyle, April 25:</b> BERNARD RATZER, Plan of the City of New York in North America, surveyed in the years 1766 & 1767. $80,000-100,000
    <b>Doyle, April 25:</b> THOMAS JEFFERSON, Autograph letter signed comparing Logan, Tecumseh, and Little Turtle to the Spartans. Monticello: 15 February 1821. $14,000-18,000
    <b>Doyle, April 25:</b> JOHN C. FREMONT, Narrative of the Exploring Expedition to the Rocky Mountains, in the Year 1842.. Abridged edition, the only one containing the folding map From the Sporting Library of Arnold “Jake” Johnson. $3,000-5,000
    <b>Doyle, April 25:</b> ZANE GREY, Album containing 94 large format photographs of Grey and party at Catalina Island, Arizona, and fishing in the Pacific. From the Sporting Library of Arnold “Jake” Johnson. $5,000-$8,000
    <b>Doyle, April 25:</b> WILLIAM COMBE, A History of Madeira ... illustrative of the Costumes, Manners, and Occupations of the Inhabitants. produced by Ackermann in 1821; From the Sporting Library of Jake Johnson. $2,000-$3,000
    <b>Doyle, April 25:</b> ERIC TAVERNER, Salmon Fishing... One of 275 copies signed by Taverner, published in 1931,From the Sporting Library of Jake Johnson. $2,000-$3,000
    <b>Doyle, April 25:</b> JOHN WHITEHEAD, Exploration of Mount Kina Balu, North Borneo. Whitehead reached the high point of Kinabalu in 1888. Part of a major group of travel books from the Sporting Library of Jake Johnson. $2,000-$3,000
    <b>Doyle, April 25:</b> JOHN LONG, Voyages and Travels of an Indian Interpreter and Trader, describing the Manners and Customs of the North American Indians... The first edition of 1791. $3,000-$5,000
    <b>Doyle, April 25:</b> SAMUEL BECKETT, Stirrings Still. This, Beckett’s last work of fiction with original lithographs by Le Brocquy, limited to 200 copies signed by the author and the artist. From the Estate of Howard Kaminsky.. $1,500-$2,500
  • <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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