• <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> KNIGHT, HILARY. The Original Portrait of Eloise that Hung at the Plaza Hotel. $100,000 to 150,000
    <b>Bonhams, Dec 5:</b> WARHOL, ANDY. "Iced Lemon Delight," an Original Watercolor Presented to Hilary Knight's cat, Phoebe $8,000 to 12,000
    <b>Bonhams, Dec 5:</b> SENDAK, MAURICE. <i>Where the Wild Things Are.</i> PRESENTATION COPY, INSCRIBED with drawing to Hilary Knight in the month following publication. $10,000 to 15,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> NOLAND, KENNETH. Original circle painting, untitled, acrylic and ink on cloth, for cover of monograph $8,000 to 12,000
    <b>Bonhams, Dec 5:</b> TOULOUSE-LAUTREC. <i>Histoires Naturelles,</i> 1899. With 22 original lithographs. $10,000 to 15,000
    <b>Bonhams, Dec 5:</b> SHAKESPEARE, WILLIAM. <i>A Collection of Poems,</i> [1711]. The first authoritative and complete collected Sonnets.$15,000 to 20,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> LONDON, JACK. <i>The Call of the Wild.</i> 1903. First edition, first state jacket. $2,000 to 3,000
    <b>Bonhams, Dec 5:</b> FROST, ROBERT. Autograph Manuscript of "Build Soil," 12 pp, 1932-1936. $15,000 to 20,000
    <b>Bonhams, Dec 5:</b> GOULD, GLENN. Glenn Gould's extensively annotated copy of Bach's Goldberg Variations $100,000 to 150,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> PLATH, SYLVIA. EARLY Autograph Letter Signed, about her beginnings as a writer, Northampton, MA, 1951. $7,000 to 10,000
    <b>Bonhams, Dec 5:</b> HOUDINI, HARRY. A collection of 11 cast iron shackle and lock items from Houdini's personal collection. $20,000 to 30,000
    <b>Bonhams, Dec 5:</b> M4 ENGIMA MACHINE, with very rare RARE HYDRA KEY ENVELOPE. $400,000 to 600,000
  • <b>Ketterer Kunst Hamburg, Rare Books Auction on November 26th</b>
    <b>Ketterer Rare Books, November 26:</b><br>H. Schedel, <i>Buch der Chroniken,</i> 1493. Est: € 120,000
    <b>Ketterer Rare Books, November 26:</b> Latin and Book of Hours, around 1500. Est: € 50,000
    <b>Ketterer Rare Books, November 26:</b> Biblia latina, Koberger printing 1493. Est: € 4,000
    <b>Ketterer Kunst Hamburg, Rare Books Auction on November 26th</b>
    <b>Ketterer Rare Books, November 26:</b><br>P. de Medina, <i>Libro de grandezas,</i> 1549. Est: € 6,000
    <b>Ketterer Rare Books, November 26:</b><br>C. J. Trew, <i>Plantae selectae,</i> 1750-73. Est: € 28,000
    <b>Ketterer Rare Books, November 26:</b><br>A. de Laborde, <i>Voyage pittoresque,</i> 1806-20. Est: € 8,000
    <b>Ketterer Kunst Hamburg, Rare Books Auction on November 26th</b>
    <b>Ketterer Rare Books, November 26:</b><br>G. Klimt, <i>Eine Nachlese,</i> 1931.<br>Est: € 10,000
    <b>Ketterer Rare Books, November 26:</b><br>W. Kandinsky, <i>Klänge,</i> 1913.<br>Est: € 20,000
    <b>Ketterer Rare Books, November 26:</b><br>F. Léger, <i>Les illuminations,</i> 1949.<br>Est: € 2,000
    <b>Ketterer Kunst Hamburg, Rare Books Auction on November 26th</b>
    <b>Ketterer Rare Books, November 26:</b> Master binding by E. Maylander, 1945. Est: € 1,000
    <b>Ketterer Rare Books, November 26:</b> Master binding by G. Cretté, 1934. Est: € 6,000
    <b>Ketterer Rare Books, November 26:</b><br>S. Dalí, <i>Après 50 ans des surréalisme,</i> 1974. Est: € 8,000
  • <b>Sotheby’s New York: Space Exploration. November 29, 2018</b>
    <b>Sotheby’s NY, Nov 29:</b> Apollo 9 — Flown Launch Abort Checklist. STORED IN LMP RUSTY SCHWEICKART'S SPACESUIT PRESSURE GARMENT ASSEMBLY POCKET THROUGHOUT THE ENTIRE MISSION. $12,000 to $18,000
    <b>Sotheby’s NY, Nov 29:</b> Apollo 11 Check List Sheet Used on the Lunar Surface. THE FINAL STEPS TO ENABLE MEN TO WALK ON THE MOON. $50,000 to $80,000
    <b>Sotheby’s NY, Nov 29:</b> Kennedy, John F.. TYPED MEMORANDUM SIGNED ("JOHN KENNEDY") AS THIRTY-FIFTH PRESIDENT, DISCUSSING THE SPACE RACE WITH NASA ADMINISTRATOR JAMES E. WEBB. $10,000 to $15,000
    <b>Sotheby’s NY, Nov 29:</b> VON BRAUN, WERNHER. "WHAT IS AN OPTIMUM PROGRAM?", 1960. HEAVILY ANNOTATED AUTOGRAPH MANUSCRIPT BY WERNHER VON BRAUN, THE ARCHITECT OF THE AMERICAN SPACE PROGRAM. $20,000 to $30,000
    <b>Sotheby’s NY, Nov 29:</b> Very Large Earth Side Lunar Chart, Signed by 20th Century Surface Explorers. LANDING SITE NAME AND TOUCHDOWN DATE INSCRIPTIONS BY A MEMBER OF EVERY APOLLO LUNAR LANDING CREW. $25,000 to $35,000

Rare Book Monthly

Articles - February - 2010 Issue

Book Auction Prices Declined in 2009...<i>But...</i>

Hammer2009

Book prices at auction inched down in 2009.


By Michael Stillman

A detailed look at book auction results for 2009 reveals that virtually every important number was down. The most telling number - median sales price - was down. Sell through rates were down. The ratio of items sold above the high estimate to those sold below the low estimate was down. The number of auctions held and number of items offered were down. So why are we celebrating these seemingly woeful results? The answer is that these declines, particularly in terms of median price, were surprisingly small. We expected a much steeper decline, but the drop in median price from 2008 to 2009 was only 2%. Compare that to the previous year's drop of 21%. It doesn't sound so bad after all.

The median price for books at auction for 2009 was $376, a drop of $8 from the $384 median of 2008. Last year, the median price had dropped $102 from the $486 median of 2007. We believe this relatively minor drop is a sign that the market has bottomed out, and may even be starting to rebound. Median prices were actually much stronger year to year in the fourth quarter of 2009. They rose by $21 from the fourth quarter prices of 2008. We would not be at all surprised to see sales prices begin to rebound in 2010, provided there is not another serious dip in the economy.

This past year we found 468 auctions offering 207,521 lots. That slipped from 476 auctions and 220,798 lots in 2008. Perhaps the most notable decline was in the sell-through percentage. That was off 4%, from the previous year's 71% to 67% for 2009. That is historically a very low sell-through rate as normally around 75% of items offered are sold. That was the sell-through rate in 2007. In 2009, 44% of the items which were sold, sold for above the high estimate. In 2008, that figure was 47%. Items selling below the low estimate were 32% compared to only 29% the previous year. Estimates evidently did not quite adjust as quickly as the market. When items sold below the low estimate are combined with items that did not sell at all, we find that 54% of the items offered failed to achieve a bid of at least the low estimate. That number was just under 50% the previous year.

The largest number of lots sold from a single location went to German house Kiefer Buch und Kunstauktionen with 18,790. They run very large auctions, the number achieved through just 6 sales. Bloomsbury London was next at 17,317 lots over 32 sales, with Dutch auction house Bubb Kuyper and Swann's in New York also selling over 10,000 lots. Auction houses selling over 1,000 items with the highest sell-through rates were Profiles in History from California and National Book Auctions of upstate New York rounding out at 100% (technically, Profiles' sell-through rate was 99.997%). New England Book Auction, as always, was right there with 99%.

The highest median price went to Sotheby's in New York at $11,875. Sotheby's Milan was next at $11,318 on a very small number of lots, while Christie's London also reached five figures at $10,759. A total of 18 houses/locations had mean sales figures over $1,000, including 5 Bonham's locations, 4 of Christie's and Sotheby's, and Doyle, New York, Artcurial Briest, Paris, Swann's, New York, and Jescheke, Berlin. For those with more modest budgets, 6 houses had medians below $100, another 9 between $100 and $200. The highest average sale was at Sotheby's, New York, at $25,726, followed by Christie's, London, at $22,742. Average prices much higher than medians is a sign that some very expensive items were sold by those houses. A single million-dollar item can greatly skew the average price, but has little impact on the median (which is why we use median prices as offering a better representation of market conditions).

Three percent of lots offered went for over $1,000. That's down a point from last year. Once again, Christie's in New York was the leader in this category with 849 items selling for at least four figures. National Book Auctions had the greatest number of inexpensive items, 3,206 lots under $100. They have a lot of interesting and surprising material, so you might want to check them out if your personal finances have not yet experienced a rebound.

If you are subscriber to AE's services at any paid level (Visitor, Research, or Premium), you can check out all seven charts, including detailed information about results from 468 auctions at 76 auction houses. Be sure you are logged in, and then click here.

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>Sotheby’s New York: History of Science & Technology, Including the Nobel Prize and Papers of Richard P. Feynman. November 30, 2018</b>
    <b>Sotheby’s NY, Nov 30:</b> FEYNMAN, RICHARD P. "WORK OUT TR E-?A*I ...", CA 1959. Feynman’s operator calculus on a place mat from one of his favorite hangouts. $10,000 to $15,000
    <b>Sotheby’s NY, Nov 30:</b> FEYNMAN, RICHARD P. "[I] WOULD LIKE TO TALK ABOUT WHAT NEW Q.[UANTUM] ELECTR.[RODYNAMICS] PREDICTS....", 1948. Draft for an early, experimentally-motivated conference talk on QED. $15,000 to $20,000
    <b>Sotheby’s NY, Nov 30:</b> Hevelius, Johannis. <i>PRODROMUS ASTRONOMIÆ, EXHIBENS... NOVAS & CORRECTIORES TABULAS SOLARES....</i> GEDANI [DANZIG]: JOHANNIS-ZACHARIÆ STOLLII, 1690. $40,000 to $60,000
    <b>Sotheby’s NY, Nov 30:</b> Gallucci, Giovanni Paolo. <i>SPECULUM URANICUM IN QUO VERA LOCA OCTAVAE SPHAERAE</i>... VENICE: DAMIANUS ZENARUS, 1593. $10,000 to $15,000
    <b>Sotheby’s NY, Nov 30:</b> [Albert Einstein]. THE HOLY BIBLE. NEW YORK, [CIRCA 1930]. The only Bible signed and inscribed by Einstein to be offered at auction. $200,000 to $300,000
  • <b>Sotheby’s Paris: Livres et Manuscrits. November 21, 2018</b>
    <b>Sotheby’s Paris, Nov, 21:</b> ANDRÉ BRETON, <i>La Lampe dans l’horloge.</i> Paris, Robert Marin, 1948. Binding by Rose Adler, dated 1959. €15,000 to €20,000
    <b>Sotheby’s Paris, Nov, 21:</b> ARTHUR RIMBAUD, <i>Une Saison en enfer.</i> Bruxelles, Alliance typographique, 1873. Binding by Rose Adler. €25,000 to €35,000
    <b>Sotheby’s Paris, Nov, 21:</b> TRISTAN TZARA, <i>La Bonne heure.</i> Paris, Raymond Jacquet 1955. Binding by Rose Adler, dated 1958. €8,000 to €12,000
    <b>Sotheby’s Paris: Livres et Manuscrits. November 21, 2018</b>
    <b>Sotheby’s Paris, Nov, 21:</b> PIERRE REVERDY, <i>La Lucarne ovale.</i> Paris, 1916. Binding by Rose Adler, dated 1949. €20,000 to €30,000
    <b>Sotheby’s Paris, Nov, 21:</b> RENÉ CHAR, PABLO PICASSO, <i>Le Marteau sans maître and Moulin Premier.</i> 1927-1935. Paris, José Corti, 1945. Binding by Rose Adler, dated 1947. €20,000 to €30,000
    <b>Sotheby’s Paris, Nov, 21:</b> MARCEL PROUST, Friendly correspondence to the count Louis Gautier-Vignal. 1914-1921. €20,000 to €30,000
    <b>Sotheby’s Paris: Livres et Manuscrits. November 21, 2018</b>
    <b>Sotheby’s Paris, Nov, 21:</b> JEAN COCTEAU, Portrait of the Baron de Charlus, circa 1921-1923. Original drawing signed. €7,000 to €10,000
    <b>Sotheby’s Paris, Nov, 21:</b> PAUL ÉLUARD, JOAN MIRÓ, <i>À toute épreuve.</i> Genève, Gérald Cramer, 1958. First illustrated edition. €15,000 to €25,000
    <b>Sotheby’s Paris, Nov, 21:</b> PAUL VERLAINE, PIERRE BONNARD, <i>Parallèlement.</i> Paris, Imprimerie nationale, Ambroise Vollard, 1900. €15,000 to €25,000
    <b>Sotheby’s Paris, Nov, 21:</b> GUILLAUME APOLLINAIRE, ANDRÉ DERAIN, <i>L’Enchanteur pourrissant.</i> Paris, Henry Kahnweiler, 1909. €30,000 to €50,000
  • <b>Chiswick Auctions: Rare Books and Works on Paper, including Judaica. November 28, 2018</b>
    <b>Chiswick Auctions, Nov 28:</b> Huttich (Johann) & Grynaeus (Simon). <i>Novus orbis regionum ac insularum veteribus …</i> FIRST EDITION, large woodcut folding map, text illustrations, folio, 1532. £8,000 to 12,000
    <b>Chiswick Auctions, Nov 28:</b> Warhol (Andy) and Frankfurt (Suzie). <i>Wild Raspberries,</i> ONE OF FEWER THAN 100 COPIES, PRESENTATION COPY, inscribed by Warhol in pencil, 1959. £10,000 to 12,000
    <b>Chiswick Auctions, Nov 28:</b> Meulen (Adam Frans, van der). Collection of Hunting, Genre and Battle Scenes, 27 copper-engraved views, folio, Paris [c. 1685]. £8,000 to 12,000
    <b>Chiswick Auctions: Rare Books and Works on Paper, including Judaica. November 28, 2018</b>
    <b>Chiswick Auctions, Nov 28:</b> Tyndale's Bible.- Bible, English. <i> [The Newe Testament yet once agayne Corrected by Willyam Tindale],</i> many woodcut text illustrations and initials, 1536. £8,000 to 10,000
    <b>Chiswick Auctions, Nov 28:</b> Jacobson (Ruth Taylor, artist). <i>Messiah's Feast,</i> original stained glass panel, image approx. 1020 x 615 mm., [c.1990]. £8,000 to 10,000
    <b>Chiswick Auctions, Nov 28:</b> Wallerstein-Braun (Gitl, sculptor-photographer). 'Jeremiah', original bronze of the Jewish prophet, approx. 210 x 470 (at base) mm., [c. 2010]. £6,000 to 8,000
    <b>Chiswick Auctions: Rare Books and Works on Paper, including Judaica. November 28, 2018</b>
    <b>Chiswick Auctions, Nov 28:</b> Kadishman (Menashe, artist). <i>Goats Head,</i> original acrylic on canvas painting, [Israel], 2002. £2,000 to 3,000
    <b>Chiswick Auctions, Nov 28:</b> Wyllie (W. L.) & Brewer (H. W.). <i>Bird's Eye View of London as seen from a balloon,</i> hand-coloured wood engraving, image 870 x 1100 mm., 1884. £1,800 to 2,200
    <b>Chiswick Auctions, Nov 28:</b> Stained glass window of Jewish interest.- Pilkington glass stained glass window from a demolished synagogue, approx. 580 x 1430 mm. [c.1950]. £1,500 to 2,000
    <b>Chiswick Auctions: Rare Books and Works on Paper, including Judaica. November 28, 2018</b>
    <b>Chiswick Auctions, Nov 28:</b> Auerbach (Tauba, artist). <i>[2,3],</i> #129 of 1000 copies, with card numbered and signed by the artist/author, 6 vol., one cut-out pop-up figure in each volume, different coloured boards. £1,500 to 2,000
    <b>Chiswick Auctions, Nov 28:</b> Costumes. <i>Costumi di Roma e dei Contorni,</i> engraved vignette title and 30 plates, Santarello, Rome, 1846; and 3 others (4). £1,000 to 1,500
    <b>Chiswick Auctions, Nov 28:</b> Morris (William). <i>The Well at the World’s End,</i> one of 350 copies, The Kelmscott Press, 1896. £800 to 1,200
  • <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. November 29, 2018</b>
    <b>Forum Auctions, Nov. 29:</b> Buffon (G.L.M.L., Comte de). <i>Histoire Naturelle des Oiseaux,</i> 10 vol., large paper copy, 973 hand-coloured engraved plates drawn and engraved by Franz Nicolaus Martinet, Paris, 1770-86. £70,000 to 90,000
    <b>Forum Auctions, Nov. 29:</b> Bible (English). The Holy Bible, first edition of the King James Bible, the Great 'He' Bible, [Robert Barker], 1611. £30,000 to 40,000
    <b>Forum Auctions, Nov. 29:</b> Marlborough (John Churchill, 1st Duke of).- [Parker (Robert, army officer)] <i>[Memoirs of the remarkable military transactions from the year 1688 to 1718],</i> ?autograph manuscript, 300pp., [c. 1718]. £20,000 to 30,000
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. November 29, 2018</b>
    <b>Forum Auctions, Nov. 29:</b> France.- Paris.- Turgot (Michel Etienne). <i>Plan de Paris,</i> engraved maps, contemporary red morocco, gilt, Paris, 1739. £10,000 to 15,000
    <b>Forum Auctions, Nov. 29:</b> Mongolia.- Pallas (Peter Simon). <i>Sammlungen Historischer Nachrichten uber die Mongolischen Volkerschaften,</i> first edition, complete with 31 plates, St. Petersburg, 1776-1801. £10,000 to 15,000
    <b>Forum Auctions, Nov. 29:</b> Brant (Sebastian). <i>Stultifera Navis... The Ship of Fooles, wherein is shewed the folly of all States...,</i> large woodcut title and numerous woodcuts in the text, [London], [John Cawood], 1570. £8,000 to 12,000
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. November 29, 2018</b>
    <b>Forum Auctions, Nov. 29:</b> Aldus.- Boccaccio (Giovanni). <i>Il Decamerone,</i> Venice, House of Aldus & Andrea Torresani, 1522. £8,000 to 12,000
    <b>Forum Auctions, Nov. 29:</b> Wallace (Alfred Russel). 77pp. of Autograph letters (and 1 postcard) to various people, 1894-1904, on various palaeontological, geological and natural history matters. £8,000 to 12,000
    <b>Forum Auctions, Nov. 29:</b> DNA.- Watson (James D.) and Francis Crick, <i>Molecular Structure of Nucleic Acids: A Structure for Deoxyribose Nucleic Acid,</i> 1953 [and others]. £5,000 to 7,000
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. November 29, 2018</b>
    <b>Forum Auctions, Nov. 29:</b> Optics.- Molyneux (William). <i>Dioptrica nova. A Treatise of Dioptricks, in Two Parts,</i> first edition, for Benj. Tooke, 1692. £5,000 to 7,000
    <b>Forum Auctions, Nov. 29:</b> Economics.- Mississippi & South Sea Bubbles.- <i>Het Groote Tafereel der Dwaasheid,</i> 74 engraved plates and 3 maps, Amsterdam, 1720. £4,000 to 6,000
    <b>Forum Auctions, Nov. 29:</b> Asia.- Clouet (Jean Baptiste Louis). <i>Carte D'Asie Divisée en ses Principaux Etats,</i> engraved map with hand-colouring, on wooden rollers, 1782. £3,000 to 5,000
  • <b>Swann Auction Galleries Dec 6:</b> Maria Louise Kirk, 4 pen, ink, watercolor & gouache illustrations for <i>Alice’s Adventures in Wonderland,</i> 1904. $5,000 to $7,500.
    <b>Swann Auction Galleries Dec 6:</b> H.A. Rey, <i>“Do You Want To Get Across?”</i> colored pencil, charcoal & watercolor, 1939. $10,000 to $15,000
    <b>Swann Auction Galleries Dec 6:</b> Norman Rockwell, <i>The Pharmacist,</i> study for cover of <i>The Saturday Evening Post,</i> 1939. $70,000 to $100,000.
    <b>Swann Auction Galleries Dec 6:</b> Sir William Russell Flint, illustration for Homer’s <i>Odyssey,</i> gouache & watercolor, 1914. $10,000 to $15,000.
    <b>Swann Auction Galleries Dec 6:</b> Ludwig Bemelmans, <i>“And everyone was in his bed,"</i> gouache, watercolor & ink on board, 1961. $30,000 to $40,000.
    <b>Swann Auction Galleries Dec 6:</b> Charles M. Shulz, <i>Woodstock is Searching for His Identity,</i> original pen & ink 4-panel <i>Peanuts</i> comic strip, 1972. $7,000 to $10,000.
    <b>Swann Auction Galleries Dec 6:</b> Eric Carle, <i>The Very Hungry Caterpillar,</i> painted collage, 1990. $8,000 to $12,000.
    <b>Swann Auction Galleries Dec 6:</b> Jerry Pinkney, <i>The Lion & The Mouse,</i> watercolor & graphite, illustration for <i>School Library Journal,</i> 2009. $7,000 to $10,000.
    <b>Swann Auction Galleries Dec 6:</b> Maurice Sendak, watercolor & graphite illustration for <i>Little Bear's New Friend,</i> 2001. $30,000 to $40,000.
    <b>Swann Auction Galleries Dec 6:</b> Peter Arno, <i>Circus Tricks,</i> ink, wash & watercolor, cover illustration for <i>The New Yorker,</i> 1964. $4,000 to $6,000.
    <b>Swann Auction Galleries Dec 6:</b> Garry Trudeau, Doonesbury: <i>“Is Rufus Ready for his Lesson?”,</i> watercolor, pen & ink, circa 1970s. $6,000 to $9,000.
  • <b>Christie’s London, 28 November:</b><br>The first edition, in the original wrappers, of the first part of Pushkin’s masterpiece – ‘a bibliographical rarity of the highest order’ (Smirnov-Sokol’skii). £25,000 to £35,000
    <b>Christie’s London, 28 November:</b><br>The very rare first edition of Gogol’s first masterpiece and his first obtainable book. £50,000 to £70,000
    <b>Christie’s London, 28 November:</b><br>The first edition of Dostoevsky's <i>Brat'ia Karamazovy</i> (1830) in a superb contemporary cloth presentation binding. £22,000 to £30,000
    <b>Christie’s London, 28 November:</b><br>The first edition of the first version of the opening of <i>War and Peace,</i> with the original paper covers. £15,000 to £20,000
    <b>Christie’s London, 28 November:</b><br>An early corrected typescript of Akhmatova's <i>Poema bez geroia</i> (July 1946) £20,000 to £30,000
    <b>Christie’s London, 28 November:</b><br>A presentation copy of the first edition of <i>Kamen</i> (1913) inscribed by Mandel'shtam to his early mentor the poet Viacheslav Ivanov. £60,000 to £90,000
    <b>Christie’s London, 28 November:</b><br>Rare autograph correspondence from Vladislav Khodasevich, including a manuscript of his long poem 'Sorrento Photographs' (1921). £10,000 to £15,000
    <b>Christie’s London, 28 November:</b><br>An important letter from Marina Tsvetaeva to the poet Nikolai Tikhonov (1935) in which she challenges Pasternak and his views on poetry. £12,000 to £18,000

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