Rare Book Monthly

Articles - January - 2002 Issue

New Auction Update

Frank.s

Frank Streeter: serious auction bidder


Five Sales Archived August 3-9

July is the slowest month until and unless you have seen August. In August the determination to get a break and take a break converges to bring the auction business almost to a full stop. For the week just past five auctions denominated in dollars, pounds and pesos were held in San Francisco, New York, Chester [UK], Los Angeles, and Mexico City. Results across national boundaries, denominated in different currencies, are continuing to tell the same story as has been the case this spring. The market is weak but functioning. This week 66.2% of all lots offered sold. In the ongoing battle between consignor reserves and willing bidders the percentage of lots changing hands continued to hover in the 65% to 70% where it has been stuck for several months. This suggests buying interest remains thin and a disproportionate number of lots are selling against reserves rather than others bidders.

There are two reasons to see some hopeful signs in these auction results. The market does not appear to be weakening and auctions generally are continuing to provide liquidity. What is not selling elsewhere is 65 to 70% of the time selling in the rooms. If the auctions hold, and sales elsewhere do not improve, more and better material will appear at auction this coming season.

Bruce McKinney AE 08/09/2009

Rare Book Monthly

  • <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.
  • <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

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