Rare Book Monthly

Articles - October - 2010 Issue

Spectacular Auction to Include World's Most Valuable Printed Book

Audredbird

Audubon's illustrations are both art and science. Courtesy of Sotheby's.


By Michael Stillman

One of the more spectacular book auctions in recent memory will take place at Sotheby's in London on December 7, 2010. It isn't a large collection, nor is it a subject-focused one. There will be just 50 lots, coming from various fields. What makes the auction spectacular is the quality of the material offered. Included among the lots are the most expensive printed book ever offered at auction and the greatest book in the history of English literature. Each is presented in superb copies. And, there is more.

Offered is material from the collection of Frederick, 2nd Lord (Baron) Hesketh. Lord Hesketh participated in what Sotheby's calls "high spot collecting." Rather than focusing on a particular field, he collected the very best material available. It would probably be impossible to collect such impressive high spots today (unless you buy this entire collection), but Hesketh purchased his books in an era when such material was still possible to find. Born in 1916, his collecting ended in 1955 when the English Baron died at the age of 39.

Lord Hesketh had come by his fortune the old-fashioned way - he inherited it. If he engaged in activities beyond those of good deeds and similar actions expected of a man of wealth it is not obvious. Hesketh had come from a long line of baronets, dating to the 18th century. However, this only partly accounts for his wealth. Despite his very British pedigree, much of his fortune was American in origin. He was the great-grandson of John Breckenridge, Vice-President under James Buchanan, Southern Democratic candidate for President in 1860, and a General and Secretary of War for the Confederacy. The serious American money, though, came more from his grandfather William Tevis, a wealthy industrialist with interests in mining, railroads, telegraphs lines, and a controlling share of Wells Fargo. One of his daughters went off to England and married the first Lord Hesketh.

While the second Lord Hesketh, original owner of this collection, died in 1955, his wife, Lady Christian Hesketh, survived him by over half a century. This explains why it has taken so long for the collection from the estate of a man who died in 1955 to come to auction. Lady Hesketh died in 2006, and later that year, their son, Alexander, third Lord Hesketh, deposited the collection with Lancaster University for safekeeping. The third lord appears to have differing interests from his father, having invested over the years in automobile racing, among other things, rather than books. He single-handedly financed a Formula One racing team in the 1970s, eschewing the corporate sponsorships his competitors used to fund their ventures. Some of his activities have been less than profitable, though undoubtedly his most costly enterprise has been keeping up the family's enormous estate. In 2005, he auctioned off artwork from his house for $15 million, and the following year put up part of his land and manor house for sale for $28 million. This sale likely is another step in converting assets to cash. While reality has forced many of old wealth to sell off some of their assets, it appears that the slightly eccentric and likeable Alexander Hesketh has lost none of the good humor he displayed in putting together his unconventional racing team. He seems unlikely to mourn giving up the collection all that much.

The pièce de résistance of this magnificent collection is a first edition, double elephant folio copy of John James Audubon's Birds of America. This masterpiece, perhaps the greatest illustrated work ever, was produced by naturalist-ornithologist Audubon during the 1830s. The unusually large, colored illustrations are works of art, though Audubon was primarily concerned with acquainting his readers with these species. While this is one of the greatest works ever printed, it was not a financial success for its creator. It was so costly to produce, and therefore expensive to buy, that he was unable to sell enough copies to make a profit. Audubon responded by producing his smaller, more affordable octavo edition of the Birds of America, which became a success financially. This book holds the record highest price for a printed work, a copy being sold at Christie's in 2000 for $8,802,500. Sotheby's describes the Hesketh copy as being in "excellent condition." The original subscriber was early English paleobiologist Henry Witham. It is copy number 11. Sotheby's has put an estimate on it of £4,000,000 - £6,000,000 (US $6,250,000 - $9,400,000). We believe the seller will not be disappointed with the price this item brings. If you hope to buy one of these elephant folios, we suggest you place your bid now as it may be a long time before another reaches the market.

Posted On: 2013-12-07 16:42
User Name: eckhardebay

This book is NOT(!) "The world's most valuable book" ever printed.

Without any doubt, it is the First edition of the "Mainzer Psalter" Anno 1457, printed by Schöffer and Fust.

A complete copy (if found) would fetch 100 Millionen US-Dollar and more!


Rare Book Monthly

  • <b>Old World Auctions (Feb 8):</b> Lot 817. Bellin's complete five-volume maritime atlas with 581 maps & plates (1764). $24,000 to $30,000.
    <b>Old World Auctions (Feb 8):</b> Lot 325. An early and important map of the Republic of Texas (1837). $11,000 to $14,000.
    <b>Old World Auctions (Feb 8):</b> Lot 45. De Bry's early map of North Pole depicting Willem Barentsz' expedition (1601). $3,500 to $4,250.
    <b>Old World Auctions (Feb 8):</b> Lot 154. Poignant map of the United States documenting lynchings (1931). $250 to $325.
    <b>Old World Auctions (Feb 8):</b> Lot 457. Extremely rare matching set of pro-German propaganda from WWI (1914). $2,000 to $2,400.
    <b>Old World Auctions (Feb 8):</b> Lot 815. Homann's world atlas featuring 110 maps in contemporary color (1751). $14,000 to $16,000.
    <b>Old World Auctions (Feb 8):</b> Lot 60. Miniature pocket globe based on Herman Moll (1785). $3,500 to $4,500.
    <b>Old World Auctions (Feb 8):</b> Lot 8. Visscher's rare carte-a-figures world map (1652). $14,000 to $16,000.
    <b>Old World Auctions (Feb 8):</b> Lot 158. Matching satirical maps of the US by McCandlish: "Ration Map" & "Bootlegger's Map" (1944). $3,000 to $4,000.
    <b>Old World Auctions (Feb 8):</b> Lot 820. One of the finest English atlases of the early 19th century (1808). $4,750 to $6,000.
    <b>Old World Auctions (Feb 8):</b> Lot 59. Important milestone in preparation for 1969 moon landing (1963). $750 to $900.
    <b>Old World Auctions (Feb 8):</b> Lot 805. Superb bible leaf with image of crucifixion of Jesus with gilt highlights (1518). $800 to $950.
  • <center><b>Potter & Potter Auctions<br>Fine Books & Manuscripts,<br>including Americana<br>February 16, 2023</b>
    <b>Potter & Potter, Feb. 16:</b> [KELMSCOTT PRESS]. CHAUCER, Geoffrey. <i>The Works…now newly imprinted.</i> Edited by F.S. Ellis. Hammersmith: Kelmscott Press, 1896. $100,000 to $125,000.
    <b>Potter & Potter, Feb. 16:</b> [EINSTEIN, Albert (1879–1955)]. –– ORLIK, Emil (1870–1932), artist. Lithograph signed (“Albert Einstein”). N.p., 1928. $10,000 to $15,000.
    <b>Potter & Potter, Feb. 16:</b> TOLKIEN, John Ronald Reuel. <i>[The Lord of the Rings trilogy:] The Fellowship of the Ring.</i> 1954. –– <i>The Two Towers.</i> 1954. –– <i>The Return of the King.</i> 1955. $10,000 to $15,000.
    <b>Potter & Potter, Feb. 16:</b> CLEMENS, Samuel Langhorne ("Mark Twain") and Charles Dudley WARNER. <i>The Gilded Age: A Tale of Today.</i> Hartford and Chicago, 1873. $6,000 to $8,000.
    <b>Potter & Potter, Feb. 16:</b> LOVECRAFT, Howard Phillips. <i>Beyond the Wall of Sleep.</i> Collected by August Derleth and Donald Wandrei. Sauk City, WI: Arkham House, 1943. $2,000 to $3,000.
  • <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
    <center><b>California International Antiquarian Book Fair<br>February 10-12, 2023<br>Pasadena Convention Center<br> abaa.org/cabookfair
  • <b><center>Swann Auction Galleries<br>View Our Record Breaking Results</b>
    <b>Swann:</b> Gideon Welles, <i>Extensive archive of personal and family papers of Lincoln’s Secretary of the Navy,</i> 1791-1914. Sold September 29 — $281,000.
    <b>Swann:</b> Charles Addams, <i>Rock Climbers,</i> cartoon for <i>The New Yorker,</i> watercolor, ink and gouache, 1954. Sold December 15 — $37,500.
    <b>Swann:</b> Charlotte Brontë, <i>Jane Eyre. An Autobiography. Edited by Currer Bell,</i> three volumes, first edition, 1847. Sold June 16, 2022 — $23,750.
    <b>Swann:</b> Geoffrey Chaucer, <i>The Workes of Geffray Chaucer Newlye Printed,</i> London, 1542. Sold October 13 — $106,250.
    <b><center>Swann Auction Galleries<br>View Our Record Breaking Results</b>
    <b>Swann:</b> Dorothea Lange, <i>Migrant Mother, Nipomo, California (Destitute pea pickers in California. Mother of seven children. Age 32),</i> silver print, 1936. Sold October 20 — $305,000.
    <b>Swann:</b> George Washington, Autograph Document Signed, with two manuscript plat maps in holograph, 1751. Sold October 27 — $37,500.
    <b>Swann:</b> Winfred Rembert, <i>Winfred Rembert and Class of 1959,</i> dye on carved & tooled leather, 1999. Sold October 6 — $233,000.
    <b>Swann:</b> M.C. Escher, <i>Relativity,</i> lithograph, 1953. Sold November 3 — $81,250.
  • <b><center>Sotheby’s<br>Original Film Posters<br>27 January - 10 February 2023</b>
    <b>Sotheby’s, Jan. 27-Feb. 10:</b> Vertigo (1958), poster, US. The ultimate poster on this classic Hitchcock title, one of three known examples. £40,000 to £60,000.
    <b>Sotheby’s, Jan. 27-Feb. 10:</b> Lawrence of Arabia (1962), roadshow poster, US. £8,000 to £12,000.
    <b>Sotheby’s, Jan. 27-Feb. 10:</b> Star Wars (1977), style C poster, printer's proof, US. £7,000 to £10,000.
    <b>Sotheby’s, Jan. 27-Feb. 10:</b> The Navigator/ La Croisiere du Navigator (1924), re-release poster (1931), French. £5,000 to £8,000.
    <b>Sotheby’s, Jan. 27-Feb. 10:</b> Bullitt (1968), special test poster, US. £3,000 to £5,000.

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