Auction Update Review

Nopreview

Summer Arrives, June 7th, 2010

Seven auctions, achieving $8.0 million in sales, were archived this past week. Three sales were denominated in Pounds, three in Euros, one in dollars. Together these auctions achieved 87.50% of their aggregate high estimate, a very good performance. Alde, offering the Library of Vincent Labouret, sold 91 of 94 lots for almost twice [188%] the high estimate. New England [Book] Auctions, on a smaller scale, also did well. Per usual they sold virtually all lots, 229 of 234, and sold them well above the high estimate [124%]. Artcurial Briest-Le Fur-Poulain-F. Tajan, selling "Printed and Illustrated Books" also achieved 100% of their total estimate.

Where the market was weaker it was generally still very good. Christie's" Valuable Books and Manuscripts" made 93% of their overall high estimate in London on June 2nd: converting books and manuscripts into $2.3 million in paper money. Keyes, selling books on May 27th, achieved 82% of the high estimate, Piasa 78% on the 29th. The only sale that struggled was Christie's sale of "Winston Spencer Churchill: The Collection of Malcolm S. Forbes, Jr. Part I." Bidders and estimators were on different planets. While an acceptable percentage of the lots, 58%, sold the sale achieved only 41% of the aggregate high estimate. The market is not valuing Mr. Churchill as highly as Mr. Forbes did.

Taken together it was a very good showing. Whether rapid declines in the Pound and Euro are helping or hurting isn't clear. Certainly, for Americans who have felt priced out of Europe, the exchange rates significantly lower prices in dollars. For European dealers whose offers for awhile have looked high in North America, the lower exchanges rates bring relief.

Should the Pound and Euro continue to decline against the dollar as some pundits are projecting Europe, always the source of stellar material, may become appealing again based on price.

Bruce McKinney
AE

June 7th, 2010

  • <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Sep 19: 19th & 20th Century Prints & Drawings</b>
    <b>Swann Auction Galleries Sep 28: Printed & Manuscript Americana</b>
    <b>Swann Auction Galleries Oct 5: African-American Fine Art</b>
    <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Oct 17: Early Printed, Medical, Scientific & Travel Books</b>
    <b>Swann Auction Galleries Oct 19:<br>Art & Storytelling: Photographs & Photobooks</b>
    <b>Swann Auction Galleries Oct 26: Rare & Important Travel Posters</b>
    <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Nov 2:<br>Old Master Through Modern Prints</b>
    <b>Swann Auction Galleries Nov 7: Autographs</b>
    <b>Swann Auction Galleries Nov 14: 19th & 20th Century Literature</b>
    <b>Swann Auction Galleries: Fall 2017 Auction Schedule</b>
    <b>Swann Auction Galleries Nov 16: Contemporary Art</b>
    <b>Swann Auction Galleries Dec 5:<br>Maps & Atlases, Natural History & Color Plate Books</b>
    <b>Swann Auction Galleries Dec 14: Illustration Art</b>
  • <b>Announcing a new Books for Sale platform hosted by Biblio</b>
    <b>List your books simultaneously on Rare Book Hub and Biblio</b>
  • <b>19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop:</b> Exodus 10:10 to 16:15. Complete Biblical scroll sheet in Hebrew, a Torah scroll panel. Middle East, ca. 10th or 11th century.
    <b>19th Century Shop:</b> Copernicus Refuted. (Astronomy.). Scientific manuscript of a course of studies at Collège de la Trinité, Lyon. 1660s.
    <b>19th Century Shop:</b> Israel’s War of Independence and the Early Days of the IDF. 58 photographs presented to Israel Ber, IDF officer and later convicted spy.
    <b>19th Century Shop’s Catalog 170 Great Books and Photos. Please inquire for a copy.</b>
    <b>19th Century Shop:</b> Early Unpublished Darwin letter on the races of man. Autograph Letter Signed [to Henry Denny]. Down, Kent, June 1, [1844].
    <b>19th Century Shop:</b> Classic Image of American Slavery. Kimball, M. H. <i>Emancipated Slaves</i>. New York: George Hanks, 1863.
    <b>19th Century Shop:</b> (Underground Railroad.) Scaggs, Isaac. Important Runaway Slave Poster: $500 Reward Ran away, or decoyed from the subscriber…
  • <b>Bonhams, inviting consignments for Sep 27:</b> Newton. <i>Philosophiae naturalis principia mathematica</i>. London, 1687.
    <b>Bonhams, inviting consignments for Sep 27:</b> Josephus. <i>De antiquitate Judaica.</i> Lubeck, 1475-76.
    <b>Bonhams, inviting consignments for Sep 27:</b> Carlerius. <i>Sporta fragmentorum, Sportula fragmentorum</i>. Brussels, 1478-79.
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    <b>Bonhams, inviting consignments for Sep 27:</b> Pinder. <i>Der beschlossen gart des rosenkrantz marie</i>. Nuremberg, 1505.
    <b>Bonhams, inviting consignments for Sep 27:</b> Isidorus Hispalensis. <i>Synonyma de Homine</i>. Nuremberg, 1470-71.
    <b>Bonhams, inviting consignments for Sep 27:</b> Durer. Sammelband including <i>Underweysung der messing</i>. Nuremberg, 1525-29.