• <b>Swann Auction Galleries Feb 25:<br>Art & Storytelling: Photographs<br>& Photobooks</b>
    <b>Swann Auction Galleries Feb 25:</b> Marcus A. Root, "<i>General Tom Thumb</i>" with parents, daguerreotype, circa 1846. $30,000 to $40,000.
    <b>Swann Auction Galleries Feb 25:</b> William Saunders, <i>Sketches of Chinese Life and Character</i>, album with 50 hand-colored photographs, 1871-72. $25,000 to $35,000.
    <b>Swann Auction Galleries Feb 25:</b> Wilson A. Bentley, album of 25 microphotographs from glass<br>plate negatives, 1888-1927.<br>$20,000 to $30,000.
    <b>Swann Auction Galleries Feb 25:<br>Art & Storytelling: Photographs<br>& Photobooks</b>
    <b>Swann Auction Galleries Feb 25:</b> Hilla & Bernhard Becher, <i>Anonyme Skulpturen, Eine Typologie technischer Bauten</i>, first edition inscribed, Düsseldorf, 1970. $1,200 to $1,800.
    <b>Swann Auction Galleries Feb 25:</b> Edward Ruscha, four seminal artist's books in original dust jackets.<br>$1,500 to $2,500.
    <b>Swann Auction Galleries Feb 25:</b> Typological set of more than 100 photographs of WWII fighter planes, 1942-45. $400 to $600.
    <b>Swann Auction Galleries Feb 25:</b><br>Roy DeCarava and Langston Hughes, <i>The Sweet Flypaper of Life</i>, first edition signed by authors, New York, 1955. $500 to $750.
  • <b>Bonhams Fine Books and Manuscripts, February 14th, 2016.</b>
    <b>Bonhams Feb 14th:</b> Lot 9. HIERONYMUS. C.340-420. <i>Epistolae. WITH: Lupus de Oliveto. Regula Monachorum ...</i> US$ 20,000-30,000.
    <b>Bonhams Feb 14th:</b> Lot 47. FROST, A.B. 1858-1921. Shooting Pictures. New York: Charles Scribner's Sons.<br>US$ 10,000-15,000.
    <b>Bonhams Feb 14th:</b> Lot 53. PICASSO, PABLO, RAOUL HAUSMANN, et al. ILIAZD, ed. Poesie de mots inconnus. 1949. US$ 8,000-12,000.
    <b>Bonhams Feb 14th:</b> Lot 64. BRIGGS, HENRY. 1561-1630. <i>The North Part of America</i>. [London: 1625]. Engraved by R. Elstracke. US$ 8,000-12,000.
    <b>Bonhams Feb 14th:</b> Lot 79. COPERNICUS, NICOLAUS. De revolutionibus orbium coelestium. 1566. US$ 80,000-120,000.
    <b>Bonhams Feb 14th:</b> Lot 80. DARWIN, CHARLES. On the Origin of Species by Means of Natural Selection, or the Preservation of ... US$ 70,000-90,000.
    <b>Bonhams Feb 14th:</b> Lot 87. NEWTON, ISAAC, SIR. Autograph Manuscript in Latin and English [n.p., early 1670s}. US$ 100,000-150,000
    <b>Bonhams Feb 14th:</b> Lot 93. Dr. Kary Mullis' 1993 Nobel Prize in Chemistry, awarded to him for the invention of the Polymerase Chain Reaction. US$ 450,000-550,000.
    <b>Bonhams Feb 14th:</b> Lot 96.<br>CLEMENS, SAMUEL. Autograph Manuscript, nearly complete chapter 30 of <i>A Tramp Abroad</i>, c.1879.<br>US$ 20,000-30,000.
    <b>Bonhams Feb 14th:</b> Lot 105. GOLF. [MATHISON, THOMAS. d.1754.]<br><i>The Goff</i>. An Heroi-Comical Poem.<br>US$ 40,000-60,000.
    <b>Bonhams Feb 14th:</b> Lot 113. JOYCE, JAMES. 1882-1941. <i>Ulysses</i>. First Edition, Presentation Copy, Signed and Inscribed by Joyce on the half-title. US$ 40,000-60,000.
    <b>Bonhams Feb 14th:</b> Lot 120. LONDON, JACK. Autograph Manuscript of the short story "Flush of Gold". US$ 40,000-60,000.
    <b>Bonhams Feb 14th:</b> Lot 135. STEINBECK, JOHN. Autograph Manuscript of an unpublished short story. US$ 35,000-45,000.
    <b>Bonhams Feb 14th:</b> Lot 149. GERONIMO. BARRETT, S.M., ed. Geronimo's Story of His Life. 1906. US$ 12,000-18,000.
    <b>Bonhams Feb 14th:</b> Lot 165.<br>ENOLA GAY. LEWIS, ROBERT A. An official pilot's log, 1942 to 1946.<br>US$ 50,000-80,000.
  • <b>Old World Auctions (Feb 3-17):</b><br>Lot 14. Blaeu,<i>Nova Totius Terrarum Orbis Geographica ac Hydrographica Tabula</i>, 1635. Est. $14000-$16000
    <b>Old World Auctions (Feb 3-17):</b><br>Lot 305. Arrowsmith, <i>Texas: The Rise, Progress, and Prospects of the Republic of Texas</i>, 1841. Est. $18000-$20000
    <b>Old World Auctions (Feb 3-17):</b><br>Lot 256. Thackara, <i>Plan of the City<br>of Washington in the Territory of Columbia</i>, 1792. Est. $13000-$16000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 188. Browne/Senex, A New<br>Map of Virginia Mary-land, 1719. <br>Est. $5500-$6500
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 47. Cellarius, <i>Scenographia Systematis Copernicani</i>, 1708.<br>Est. $2400-$3000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 6. Ortelius, <i>Typus Orbis Terrarum</i>, 1571. Est. $7000-$8500
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 413. De Medina, <i>Mundo Novo,</i> 1554. Est. $7000-$9000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 37. Jansson, <i>Histoire des Grands Chemins de l'Empire Romain</i>, 1736. Est. $3000-$3750
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 798. Le Rouge, <i>Atlas Nouveau Portatif a l'Usage des Militaires</i>, 1748. Est. $2400-$3000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 60. Munster, <i>Tabula Novarum Insularum</i>, 1559. Est. $5500-$7000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 122. Morden, <i>A New Map of the English Empire in America</i>, 1695. <br>Est. $14000-$16000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 291. J.J. Stoner, Niagara-Falls, <br>N.Y., 1882. Est. $1600-$1900
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 797. Sanson, <i>Die Gantze Erd-Kugel</i> ... Europa, Asia, Africa und America, 1679. Est. $8000-$10000
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 799. Lotter/Lobeck, Atlas Geographicus Portatilis, 1760.<br>Est. $1600-$1900
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 808. Railroad Companies, [<i>Manuscript Railroad Atlas</i>], 1890.<br>Est. $1000-$1500
    <b>Old World Auctions (Feb 3-17):</b> <br>Lot 800. Pinkerton, <i>A Modern Atlas</i>, 1815. Est. $8000-$10000

Rare Book Monthly

Articles - January - 2010 Issue

An Auction Up Close

Change

With low reserves was change in the air?


By Bruce McKinney

On December 3rd, at 10:30 am or a bit after at Bloomsbury's New York second floor gallery on 48th Street, Stephen Massey opens the bidding on the first of 81 lots in the de Orbe Novo Collection of material relating to the new world. The responsibility for calling the sale is to be divided between Mr. Massey and Peter Costanzo. Stephen will call the first 51 lots and Peter the final 30.

As consignor I am four floors up, in Bloomsbury's back offices, sitting at a computer watching on Live Auctioneers; the single camera channeling the sale - focused on the auctioneer. There is no sense of who or how many are in the auction room. On my way up to the 6th floor I pressed the second floor stop. The doors opened and I saw that bidders were forced to stand well away from auction area, a good sign suggesting the main room is full. I step out, think better of it, step back in and proceed to the 6th floor. Like a true believer in the burned out region of upstate New York in the 1840s, as they climbed trees, I climb stairs, we both to get closer to God, always a good place to be when your material goes to auction and your reserves are low.

At a sale everyone is invited except the consignor whose presence may be a wet blanket. Once upstairs, the Bloomsbury staff, turns on a terminal set to carry the action to the most affected, the consignor. I'm told the portents are encouraging, the room full, the buzz positive. As I haven't been in this position before I can only take it in. I have nothing to compare. In any event, the process will be surgical and brief. Stephen Massey steps to the podium, announces the sale and reads several announcements. It's 10:40 am.

I long ago decided on low reserves and chose "let the market decide" as the sale theme. I'm comfortable with numbers: probabilities the way I see the world. Over the past year, as principal strategist for AE, I've seen a clear pattern in the decline in auction realizations in the works on paper field. Dollar denominated sales fell hard last fall - roughly 40% year over year while non-dollar sales held up through the spring. Into summer the American sales stabilized while Europan sales collapsed. In August dollar denominated sales began to rebound but most consignors held back looking for further confirmation. At that moment I committed this sale for the late fall.

As Stephen Massey warms up the crowd I have a few microseconds to reconsider the key decision - to set low reserves. Auctions these days tend to fall into two categories according to their reserves: high or low. I prefer to bid at auctions with low reserves and tend to shun those with high reserves unless a particular reserve is mistakenly low. Years ago I decided I would not use high reserves if ever I sent material into the rooms. It cost me nothing to believe that then. Today that idea is a zero coupon bond with a mystery payout now coming due. I'll get to pay a price if I'm wrong.

Rare Book Monthly

  • <b>Cowan's Books and Maps: Timed Online Auction, Open, Bid Now!</b>
    <b>Cowan's Books and Maps: </b> Lot 30. <i>Adventures of Huckleberry Finn</i>, First Edition. Est $1000-$1500. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 46. Explorations for a Pacific Railroad Route, 13 Vols. EST $2,000-$3,000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 47. <br>The Novels and Stories of Willa Cather, Autograph Edition. Nos 1-13.<br>EST $4,000-$6,000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 14. <br><i>The Glory of New York by Joseph Pennell</i>, Bruce Rogers Design. <br>EST $1,000-$2,000. BID NOW!
    <b>Cowan's Books and Maps: Timed Online Auction, Open, Bid Now!</b>
    <b>Cowan's Books and Maps: </b> Lot 31. <i>Little Women</i>, First Edition. Boston: Roberts Brothers, 1868-1869.<br>Est $800-$1000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 63. <br><i>Isis Unveiled: A Master-Key to the Mysteries of Ancient and Modern ...</i><br>Est $1500-$3000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 76. <i>Sanson's Atlantis Insula</i> (Nicolas, 1600-1667; Guillaume, 1633-1703). Est $1000-$2000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 85. <i>White's County and District Map<br>of the State of West Virginia, 1875</i>.<br>Est $2500-$5000. BID NOW!
    <b>Cowan's Books and Maps: Timed Online Auction, Open, Bid Now!</b>
    <b>Cowan's Books and Maps: </b> Lot 5.<br><i>A Confession of Faith</i>, Early Connecticut Imprint Regarding<br>the Saybrook Platform, 1760.<br>Est $200-$300. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 78. Senex, John. <i>Map of Louisiana and of the River Mississipi</i> [sic]. [England]. 1719. Est $2000-$3000. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 69. Lot of Children's Chapbooks and Fiction, Plus. Est $150-$300. BID NOW!
    <b>Cowan's Books and Maps: </b> Lot 11. Dard Hunter <i>Papermaking Pilgrimage to Japan, Korea and China</i>. 1936.<br>Est $1500-$2500. BID NOW!
  • <b>19th Century Shop.</b> LINCOLN, ABRAHAM. <i>A superb collection of manuscripts signed by Lincoln and relics related to Lincoln’s death</i>. Washington, 1864-1865
    <b>19th Century Shop.</b> Rare Relic of the Underground Railroad (1857). <i>$500 Reward Ran away ...</i>
    <b>19th Century Shop.</b> CARTER, SUSANNAH. <i>The Frugal Housewife,</i> (1772) the second American cookbook, plates by Paul Revere.
    <b>19th Century Shop.</b> SCHIRRA, WALTER M.. Icon of the American Space Program. <i>A Complete Set of Schirra’s Flight Log Books (1947-69).</i>
    <b>19th Century Shop.</b> A fine pair of daguerreotypes, one a black nurse holding a white baby, the other the white parents. Maryland, c. 1853.
    <b>19th Century Shop.</b> The Internet. (COMPUTERS.) CERF, VINTON & KAHN, ROBERT. <i>"A Protocol for Packet Network Intercommunication" in IEEE Transactions on Communications.</i>

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