Rare Book Monthly
W. Graham Arader: "Reports of my death are greatly exaggerated"
Catlin's North American Indian Portfolio brought $230,500
The integrity of David Redden and Selby Kiffer of Sotheby's was a joy to behold in virtually every step of this process. None of the success of this event would have been remotely possible without their impeccable reputations, which they provided to make this idea work. My gratitude to them is deep.
While the example of my father as a philanthropist had a huge influence on this idea, the motivating event that drove me to this was the list provided by the US Attorney for Connecticut of the dealers that were claiming funds from Forbes Smiley for the vast amount of maps that he sold them. I realized then that practically all of my competition was buying from this convicted thief and that it would be impossible for me to compete with dealers whose costs were considerably less than mine. I had to do something that would set me apart. So in the midst of this depressing revelation and realization, I determined to give virtually 50% of my income away to set myself apart.
To my amazement, the more I gave the more business I did. No matter how much I gave away, it always seems to come back to me beyond my wildest dreams. What a shock and what FUN.
Soon I became addicted to the process that led me to the idea of this collaboration with the world's finest auction house for the Graham Arader sale and the many organizations that I have been supporting over the years.
A broad number of people bought from all over the world.
Next year it is my plan to include inventory in the Graham Arader sale that does not belong to me as long as the consignors are willing to put the artwork and books in at no reserve and will donate 20% of the hammer price to the buyers designated charity.
My goal is to be able to arrange for gifts to institutions in the $5,000,000 range."
Mr. Arader lives large. No doubt, material purchased at the sale will in time carry the provenance of Mr. Arader, the event noted and mentioned in future catalogues when random lots return to the rooms. Some dealers will continue to be repulsed but canny buyers who acquired these collectibles and souvenirs will be rewarded.
Mark Twain had it right.
