• Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: [Langland (William)]. The vision of Pierce Plowman, nowe the seconde time imprinted..., Roberte Crowley, 1550. £8,000 to £10,000.
    Forum Mar. 28: [Shakespeare (William)]. [Comedies, Histories, and Tragedies], second folio edition, [by Tho.Cotes, for Robert Allot], [1632]. £30,000 to £40,000.
    Forum Mar. 28: Bible, Czech Biblia Bohemica, first complete Bible printed in the Czech vernacular, Prague, August 1488. £30,000 to £40,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Shabthai Tzvi.- Collection of four printed and illustrated broadsides detailing the appearance, rise and fall of the false messiah, Shabthai Tzvi, Augsburg, 1666-67. £40,000 to £60,000.
    Forum Mar. 28: Leaf from the Beauvais Missal, in Latin, illuminated manuscript on parchment, [Northern France (perhaps Beauvais or Amiens)], [fourteenth century (c.1310)]. £4,000 to £6,000.
    Forum Mar. 28: Aubrey (John). [Remaines of Gentilisme and Judaisme], manuscript in English, Latin and Greek, [c. 1693]. £30,000 to £50,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Byron (George Gordon Noel, Lord). Poems on Various Occasions, first edition, Harriet Maltby's copy, Newark, Printed by S. & J. Ridge, 1807. £30,000 to £40,000.
    Forum Mar. 28: Tolkien (J.R.R.) The Hobbit, first edition, second impression with dust-jacket, 1937 [but 1938]. £7,000 to £10,000.
    Forum Mar. 28: Blake (William).- Thornton (Robert John). The Pastorals of Virgil, 2 vol., engraved plates by William Blake, 1821. £8,000 to £12,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: America.- Mount (William J.) & Thomas Page. The English Pilot…, [bound with] The Fourth Book, describing The West Indies Navigation from Hudson's-Bay to the River Amazones, 1721. £20,000 to £30,000.
    Forum Mar. 28: Oldfield (Henry Ambrose), Rajman Singh Chitrakar & others. An album of 160 photographs and 13 original artworks, (1833-1919), [c. 1850s-1880s]. £20,000 to £30,000.
    Forum Mar. 28: Audubon (John James) [and William MacGillivray]. Ornithological Biography…, 5 vol., first edition, presentation copy inscribed by Audubon, Edinburgh, 1831-49 [i.e. 1831-39]. £10,000 to £15,000.
  • Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Winston Churchill. The Second World War. Set of First-Edition Volumes. 6,000 USD
    Sotheby’s, Available Now: A.A. Milne, Ernest H. Shepard. A Collection of The Pooh Books. Set of First-Editions. 18,600 USD
    Sotheby’s, Available Now: Salvador Dalí, Lewis Carroll. Alice's Adventures in Wonderland. Finely Bound and Signed Limited Edition. 15,000 USD
    Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Ian Fleming. Live and Let Die. First Edition. 9,500 USD
    Sotheby’s, Available Now: J.K. Rowling. Harry Potter Series. Finely Bound First Printing Set of Complete Series. 5,650 USD
    Sotheby’s, Available Now: Ernest Hemingway. A Farewell to Arms. First Edition, First Printing. 4,200 USD
  • Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Alken (Henry). Sporting Notions, first edition, T.McLean, 1832-33. £800 to £1,200.
    Forum Auctions, Mar. 27: Bardi (Lorenzo). Nuova Raccolta delle piu interessanti Vedute della Citta di Firenze…, Florence, Lorenzo Bardi, [c.1840]. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Crawfurd (John). Journal of an Embassy from the Governor-General of India to the Court of Ava..., first edition, 1829. £1,000 to £1,500.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Dawe (George, engraver). The Life of a Nobleman, first edition, Geo. Henderson, [c.1825]. £1,000 to £1,500.
    Forum Auctions, Mar. 27: [Doyle (John)], "H.B.". Political Sketches &c., 10 vol. including The Descriptive Key to H.B., Thomas McLean, [1829-51]. £4,000 to £6,000.
    Forum Auctions, Mar. 27: Eben (Adolphus Christian Frederick, Baron von) and Nicolaus Heideloff. Modèles de l'Uniforme Militaire Adopté dans l'Armée Royale de Suède, Rudolph Ackerman, 1808. £1,500 to £2,000.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Geissler (J.G.G.) and Friedrich Hempel. Mahlerische Darstellungen der Sitten, Gebrauche und Lustbarkeiten bey den Russischen, Tartarischen…, 4 parts in 1, Leipzig and Paris, [1804]. £1,000 to £1,500.
    Forum Auctions, Mar. 27: Hunt (Charles). Portraits of Winning Horses...of the Derby, Oaks, & St. Leger, from the Year 1842 to 1849…, Rock Brothers & Payne, 1849. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Kunike (Adolf Friedrich). Zwey hundert und sechzig Donau-Ansichten nach dem Laufe des Donaustromes…, Vienna, Leopold Grund, 1826. £3,000 to £5,000.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Lasinio (Carlo). [Matrimony], Florence, 1790. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Reinhardt (Joseph). A Collection of Swiss Costumes, in Miniature, second English edition, James Goodwin, [1828]. £800 to £1,200.
    Forum Auctions, Mar. 27: Wengen (Gottfried Durst von). Die Öffentliche Maskerade Bamberg am Fastnachts-Montage 1833…, Bamberg, [1833]. £2,000 to £3,000.

Rare Book Monthly

Articles - June - 2010 Issue

A Case of Good Taste and Bad Timing


In 2007 he was diagnosed with cancer. He disengaged from work to focus on illness and continued to collect for another year before accepting that his pursuit of important maps was ending. Over the next year he concluded that auction was his best alternative for selling. Private advisers suggested he direct the sale himself rather than shift the burden to heirs. He had spent a half a dozen years learning about maps, learning to appreciate their complexity and value, believed in the importance of knowledge, and did not expect his children to pursue the subject with the necessary intensity. He had dealt with investments most of his adult life and come to believe that information always trumps innocence. He bought maps born of passion. He would sell now as a duty.

At the same time the stock market was declining. Retrieving his investment would become important.

The decision to choose Sotheby's was straightforward. By reputation and experience he favored them. No other house was seriously considered. The standard consignment fee for single owner sales is 10%. The deal was done at 4%. When the contract was signed on September 17th, 2009, the BP was trading at $1.65, the horizon clear. Mr. Benevento figured that prospects for a currency play between the pound and dollar favored the pound. He would engage in a little natural arbitrage. The maps were primarily European and World again confirming a European, if not London, venue. Sotheby's responded with a single owner sale, 2,000 catalogues to be distributed, a limited number of them hard bound. The offer sheet signed, the material was shipped to England on December 1st, the sale date projected for late spring later set for the afternoon of May 6th.

Later in December, in discussing the sale with this writer, the idea of including source, date and price information, a la the de Orbe Novo Sale, was broached. Frank then brought the idea to Sotheby's and later reported they didn't feel it would be helpful. It was dropped. Frank subsequently raised a second idea - of extending terms to buyers. He gathered that this was acceptable to Sotheby's but did not immediately understand that such terms would be communicated quietly, without fanfare, only to bidders inquiring for them. It turns out such terms are rarely publicized. In the ensuing two months only one bidder, Graham Arader of New York, requested and received them. Later, when Mr. Arader dominated the purchasing, buying a quarter of the lots and spending almost 40% of the total, the possibility that credit was an important factor emerged.

On April 6th, British Prime Minister Gordon Brown called a general election for May 6th. The date of the Benevento sale long since settled, the elaborate full color catalogue was about to be released. Two events would occur in London on May 6th.

Come sale day the auction room was mostly empty. At 2:30 pm in London as the sale was getting underway, in New York it was 9:30 am, and the New York Stock Exchange opening about even before a few hours later collapsing on a sell-side imbalance. This would be one of those days. Mr. Arader, himself in New York, commanded the sale, bidding by phone as is his norm. Seventy-eight percent of the lots sold, seventy-percent of them at or below the low estimate. A wealthy bidder from Chicago, someone introduced to Sotheby's by Mr. Benevento, was an important participant, bidding on eight expensive lots, winning two. On the six items this bidder pursed but didn't win other bidders bid more when confronted with competition. Many other items fell to walk-away bids, that is, offers at or below the low estimate. In the aftermath Mr. Benevento was left wondering if Sotheby's could have done more.

Rare Book Monthly

  • Koller Auctions
    Books & Autographs
    20 March 2024
    Koller, Mar. 20: DADA - Der Zeltweg. Redaktion: Flake, Serner, Tzara. Zürich, 1919. CHF 5,000 – 8,000
    Koller, Mar. 20: Jespers, Floris - Peeters, Jan. Kinderlust. Antwerpen, J. F. Bogaerts & R. R. Dodson, [1923]. CHF 2,000 – 3,000
    Koller, Mar. 20: FARBENLEHRE - Chevreul, M. E. De la Loi du contraste simultané des couleurs et de l'assortiment des objets colorés. Paris, 1839. CHF 4,000 – 5,000
    Koller, Mar. 20: BOTANIK - Schrank, Franz de Paula von. Flora Monacensis, seu plantae sponte circa Monachium nascentes. München, 1811-1818. CHF 20,000 – 30,000
    Koller, Mar. 20: French Bible manuscript. Latin manuscript on parchment. With 81 illuminated, ornamental and figurative initials. Paris, c. 1250. CHF 90,000 – 120,000
    Koller Auctions
    Books & Autographs
    20 March 2024
    Koller, Mar. 20: Gradual for the use of a Dominican convent. Latin manuscript on parchment, with Flemish rubrics in black and red. Mecheln (?), c. 1520. CHF 25,000 – 40,000
    Koller, Mar. 20: Calendar. French manuscript on parchment. With 12 large colored thorn leaf initials on a gold background. Paris, c. 1380/1390. CHF 40,000 – 60,000
    Koller, Mar. 20: Freud, Sigmund. Collection of 23 handwritten letters to Alphonse Maeder in Zurich. In addition to 4 letter drafts from Maeder to Freud. 2 February 1910 - 21 September 1913. CHF 50,000 – 80,000
    Koller, Mar. 20: Jung, Carl Gustav. Collection of 26 autograph and 3 typescript letters and a postcard to Alphonse Maeder. 1911-1918. CHF 20,000 – 30,000
    Koller, Mar. 20: Nietzsche, Friedrich, philosopher. Handwritten letter signed to Richard Wagner. Basel, September 27, 1876. CHF 20,000 to 30,000
  • 19th Century Shop
    Catalogue 198 just published
    19th Century Shop. Darwin and Wallace, first printing of the first paper on natural selection
    19th Century Shop. Shakespeare’s Poems, first collected edition
    19th Century Shop. Walt Whitman portrait inscribed with a Leaves of Grass poem
    19th Century Shop. Major Elizabeth Barrett Browning manuscript notebook
    19th Century Shop. Spock's Baby Book, original MS
    19th Century Shop. Cellarius, Harmonia Macrocosmica, the great celestial atlas

Article Search

Archived Articles

Ask Questions