Auction Update Review
For the week ending Saturday June 16th 25 auctions were archived; 6 in British pounds, 9 in US$ and 10 in euros. Nine thousand three hundred and eighty-nine lots were offered and 6,158 lots sold. Sixty-six percent of all lots offered sold, 85% of the dollar denominated and 61% of pound and euro lots. Europe has been taking it on the chin, caught between national sovereignty and the need for continent-wide economic policy. Bookmakers though, looking at book dealers and the auction houses, may want to shorten their odds on intensifying union. The market is a little beaten-up but clearly looking past the current uncertainty. I’ll bid at auction this week in support of the field and encourage you, if the material is appealing, to do the same. Uncertain moments create opportunities.
Total sales for the 66% of lots that sold were $16,493,648, 83% of the total of the high estimates for all lots offered. A number at or above 100% of the high estimates suggests a very strong market while a percentage below 70% suggests weakness. Eighty-three percent is mid way.
The following sales reached or exceeded 100% of the total of their high estimates:
Dorotheum. Autographs on May 31st: 199%
Heritage. Legends of the West on June 10th: 169%
Piasa. Prints on June 7th: 105%
Christie’s. Books on June 13th: 100%
The following sales reached or exceeded a million dollars:
Christie’s. Books on June 13th: $4,986,458
Sotheby’s. Fine Books and Manuscripts on June 15th: $2,651,692
Heritage. Legends of the West on June 10th: $2,143,788
Bonhams. Manuscripts and Historical Photos on June 12th: $1,799,602
Galeria Bessenge. Prints on May 31st: $1,132,323
The following sales saw 80% or more of the lots offered sell:
Carlsen Gallery. Books of English Architecture and Antiquities: 100%
National Book Auctions. Books and Ephemera - Champney, Modern 1sts, Nautical, etc: 100%
Heritage. Rare Books – Internet auction ended June 14th: 87%
Heritage. Legends of the West on June 10th: 87%
Bloomsbury. Bibliophile on June 8th: 86%
Freeman’s. Books, Manuscripts and Ephemera on May 31st: 85%
Bonhams. Manuscripts and Historical Photos on June 12th: 81%
Christie’s. Books on June 13th: 80%
For the week ahead 18 auctions are scheduled:
Tuesday June 19th Bonhams. Fine Books and Manuscripts, including Russian Literature . 436 lots
Henri Godts Books & Prints Auctions. Books from the 16th to the 20th Century . 431 lots
Wed. June 20th Bonhams. The Gentleman’s Library . 526 lots
Dominic Winter Book Auctions. Printed Books, Maps and Documents [S328]. 725 lots
Dorotheum. Books and Decorative Prints . 473 lots.
Thurs. June 21st Bonhams. Sporting Sale . 75 lots
Cowan’s Auctions. American History . 349 lots.
Dominic Winter. Children’s & Illustrated Books, Antique Toys & Games .
Heritage Auctions. Rare Books – Internet bidstart 6/14 . 434 lots.
PBA Galleries. Rare Books and Manuscripts, with Children’s Books . 354 lots.
Swann Galleries. 19th & 20th Century Literature . 323 lots.
Friday June 22nd Christie’s. Books and Manuscripts . 292 Lots.
Christie’s. George Washiongton’s Personal Copy of Acts Passed at a Congress  1 lot
Ferraton. Antiquarian and Modern Books .
Galerie Koller. Modern Prints [Z32]. 140 lots
Saturday June 23rd Ferraton. Antiquarian and Modern Books continued .
Sunday June 24th National Book Auctions. Books and Ephemera – Geology, Paleontology, Signatures, etc. 
Sales are continuing at a strong pace.
Sunday June 17th, 2012