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Articles - November - 2010 Issue

Risk Management for Booksellers

- by Renee Roberts

Careful risk management forms the building blocks of a successful business.

Careful risk management forms the building blocks of a successful business.


It means shipping products that are carefully packaged to avoid damage, double-checking that the books are the right edition and quality the customer expects, and following up orders in a timely manner so they are not lost. As any sales professional knows, the cost of repeat sales is tiny compared to the cost of the first sale and so we try to reduce the risk that we will lose the customer by being sloppy.

Managing risk also means accepting a certain amount of risk as the cost of doing business and budgeting for it. I remember speaking to a gentleman who owned a medical tool manufacturing firm and who served as kind of a mentor when I had a different business. He explained to me that when somebody is hurt on the operating table everyone is sued, including the manufacturer that makes the tools. He didn't think it was right. He didn't think it was fair. But he budgeted about 10% of his gross to pay off litigants.

There is no business activity of which I am aware that does not carry risk right along with it. But with careful identification, analysis, and choosing to either avoid, mitigate, or accept risk, bookselling can not only be considerably less stressful, but more profitable and less subject to extreme conditions.

Rare Book Monthly

  • <B><CENTER>Forum Auctions<br>Natural History: The remaining stock of Antiquariaat Junk, 1899-2026<br>25 March 2026</center></b> <b>Forum, Mar. 25:</b> Botany.- Andrews (H.C.) <i>Coloured Engravings of Heaths,</i> 4 vol. in 2, first edition, [1710,--94]-1802-1809-[1830]. £10,000 - £15,000. <b>Forum, Mar. 25:</b> Butterflies.- Cramer (Pierre) and Caspar Stoll. <i>De Uitlandsche Kapellen voorkomende in de drie Waereld-Deelen…,,</i> 5 vol., Amsterdam & Utrecht, 1779-91. £8,000 - £12,000. <b>Forum, Mar. 25:</b> Voyages.- Darwin (Charles) and others. <i>Narrative of the Surveying Voyages of His Majesty's Ships Adventure and Beagle,</i> 3 vol. in 4, including Appendix to vol.2, first edition, 1839. £8,000 - £12,000. <b>Forum, Mar. 25:</b> Butterflies.- de Graaf (Willem Diederik Vincent). <i>[Inlandsche Kapellen in beeld],</i> 170 fine original watercolours, [Enkhuizen], [1800-40]. £8,000 - £12,000. <B><CENTER>Forum Auctions<br>Natural History: The remaining stock of Antiquariaat Junk, 1899-2026<br>25 March 2026</center></b> <b>Forum, Mar. 25:</b> Birds.- Dresser (Henry Eeles). <i>A History of the Birds of Europe,</i> 9 vol., including supplement, first edition, by the author, 1871-96. £6,000 - £8,000. <b>Forum, Mar. 25:</b> Zoology.- Felines.- Elliot (Daniel Giraud). <i>A Monograph of the Felidæ or Family of the Cats,</i> first edition, for the Subscribers, by the Author, [1878]-1883. £25,000 - £30,000. <b>Forum, Mar. 25:</b> Birds.- Frisch (Johann Leonard). <i>Vorstellung der Vögel Deutschlandes,</i> 2 vol., first edition, Berlin, Friedr. Wilhelm Birnsteil, [1736]-1763. £40,000 - £60,000. <b>Forum, Mar. 25:</b> Birds.- Gould (John). <i>The Birds of Great Britain,</i> 5 vol., first edition, by the author, 1862-1873. £30,000 - £40,000. <B><CENTER>Forum Auctions<br>Natural History: The remaining stock of Antiquariaat Junk, 1899-2026<br>25 March 2026</center></b> <b>Forum, Mar. 25:</b> Pomology.- France.- Poiteau (A.) <i>Pomologie Française. Recueil des Plus Beaux Fruits cultivés en France,</i> 4 vol., Paris, 1846. £30,000 - £40,000. <b>Forum, Mar. 25:</b> Botany.- [Robin (Jean)]. <i>Histoire des Plantes, nouvellement trouvées en l'Isle Virgine…,</i>, 1620; with Geoffrey Linocier <i>L'Histoire des plantes,</i> second edition, 1619-20. £3,000 - £4,000. <b>Forum, Mar. 25:</b> Asia.- Japan.- Siebold (P.F. von). <i>Nippon. Archiv zur Beschreibung von Japan,</i> 7 parts in 6 vol., first edition, Leyden, [1832]-1852. £35,000 - £45,000. <b>Forum, Mar. 25:</b> Asia.- Valentijn (Francois). <i>Oud en Nieuw Oost-Indiën...,</i> 5 vol. in 8, first edition, Dordrecht [&] Amsterdam, 1724-26. £8,000 - £12,000. <b>Forum, Mar. 25:</b> Botany.- Australia.- Redouté (P.J.).- Ventenat (Étienne Pierre). <i>Jardin de la Malmaison,</i> 2 vol.,, Paris, 1803-04[-05]. £30,000 - £40,000.
    Forum Auctions
    Natural History: The remaining stock of Antiquariaat Junk, 1899-2026
    25 March 2026
    Forum, Mar. 25: Botany.- Andrews (H.C.) Coloured Engravings of Heaths, 4 vol. in 2, first edition, [1710,--94]-1802-1809-[1830]. £10,000 - £15,000.
    Forum, Mar. 25: Butterflies.- Cramer (Pierre) and Caspar Stoll. De Uitlandsche Kapellen voorkomende in de drie Waereld-Deelen…,, 5 vol., Amsterdam & Utrecht, 1779-91. £8,000 - £12,000.
    Forum, Mar. 25: Voyages.- Darwin (Charles) and others. Narrative of the Surveying Voyages of His Majesty's Ships Adventure and Beagle, 3 vol. in 4, including Appendix to vol.2, first edition, 1839. £8,000 - £12,000.
    Forum, Mar. 25: Butterflies.- de Graaf (Willem Diederik Vincent). [Inlandsche Kapellen in beeld], 170 fine original watercolours, [Enkhuizen], [1800-40]. £8,000 - £12,000.
    Forum Auctions
    Natural History: The remaining stock of Antiquariaat Junk, 1899-2026
    25 March 2026
    Forum, Mar. 25: Birds.- Dresser (Henry Eeles). A History of the Birds of Europe, 9 vol., including supplement, first edition, by the author, 1871-96. £6,000 - £8,000.
    Forum, Mar. 25: Zoology.- Felines.- Elliot (Daniel Giraud). A Monograph of the Felidæ or Family of the Cats, first edition, for the Subscribers, by the Author, [1878]-1883. £25,000 - £30,000.
    Forum, Mar. 25: Birds.- Frisch (Johann Leonard). Vorstellung der Vögel Deutschlandes, 2 vol., first edition, Berlin, Friedr. Wilhelm Birnsteil, [1736]-1763. £40,000 - £60,000.
    Forum, Mar. 25: Birds.- Gould (John). The Birds of Great Britain, 5 vol., first edition, by the author, 1862-1873. £30,000 - £40,000.
    Forum Auctions
    Natural History: The remaining stock of Antiquariaat Junk, 1899-2026
    25 March 2026
    Forum, Mar. 25: Pomology.- France.- Poiteau (A.) Pomologie Française. Recueil des Plus Beaux Fruits cultivés en France, 4 vol., Paris, 1846. £30,000 - £40,000.
    Forum, Mar. 25: Botany.- [Robin (Jean)]. Histoire des Plantes, nouvellement trouvées en l'Isle Virgine…,, 1620; with Geoffrey Linocier L'Histoire des plantes, second edition, 1619-20. £3,000 - £4,000.
    Forum, Mar. 25: Asia.- Japan.- Siebold (P.F. von). Nippon. Archiv zur Beschreibung von Japan, 7 parts in 6 vol., first edition, Leyden, [1832]-1852. £35,000 - £45,000.
    Forum, Mar. 25: Asia.- Valentijn (Francois). Oud en Nieuw Oost-Indiën..., 5 vol. in 8, first edition, Dordrecht [&] Amsterdam, 1724-26. £8,000 - £12,000.
    Forum, Mar. 25: Botany.- Australia.- Redouté (P.J.).- Ventenat (Étienne Pierre). Jardin de la Malmaison, 2 vol.,, Paris, 1803-04[-05]. £30,000 - £40,000.
  • <b>ALDE, Mar. 11:</b> AUGUSTIN (Saint). <i>De civitate Dei.</i> Rome, Konrad Sweynheym et Arnold Pannartz, 1470. €20,000 - €30,000. <b>ALDE, Mar. 11:</b> [REGNART (LE LIVRE DE)]. <i>[Le] Docteur en malice, maistre Regnard, demonstrant les ruzes et cautelles qu'il use envers les personnes…</i> Rouen, 1550. €20,000 - €30,000. <b>ALDE, Mar. 11:</b> TRITHÈME (JEAN). <i>Polygraphie et universelle escriture cabalistique.</i> Paris, [Benoît Prévost pour] Jacques Kerver, 1561. €8,000 - €10,000. <b>ALDE, Mar. 11:</b> CAUS (SALOMON DE). <i>La Perspective, avec la raison des ombres et des miroirs.</i> Londres, John Norton, 1612. <b>ALDE, Mar. 11:</b> NICERON (JEAN-FRANÇOIS). <i>La Perspective curieuse ou magie artificielle des effets merveilleux de l'optique.</i> Paris, Pierre Billaine, 1638. €6,000 - €8,000. <b>ALDE, Mar. 11:</b> VONTET (JACQUES). <i>L’Art de trancher la viande et toute sorte de fruits…</i> S.l.n.d. [probablement Lyon, vers 1647]. €20,000 - €30,000. <b>ALDE, Mar. 11:</b> HUGO (VICTOR). [Paysage spectral avec une église], [vers 1837]. €20,000 - €30,000. <b>ALDE, Mar. 11:</b> [HERVEY DE SAINT-DENYS (LÉON D')]. <i>Les Rêves et les Moyens de les diriger. Observations pratiques.</i> Paris, Amyot, 1867. €3,000 - €4,000. <b>ALDE, Mar. 11:</b> GACHET (PAUL-FERDINAND). <i>Les Chats de Gachet</i> (Manuscrit). S.d. [avant mai 1873]. €6,000 - €8,000. <b>ALDE, Mar. 11:</b> [REDON (ODILON)]. PICARD (EDMOND). <i>Le Juré. Monodrame en cinq actes…</i> Bruxelles, Mme veuve Monnom, 1887. €7,000 - €9,000. <b>ALDE, Mar. 11:</b> [TOULOUSE-LAUTREC (HENRI DE) ET HENRI-GABRIEL IBELS]. MONTORGUEIL (GEORGES). <i>Le Café-concert.</i> Paris, [1893]. €4,000 - €5,000. <b>ALDE, Mar. 11:</b> [TERRY (EMILIO)]. <i>Projet de fontaine.</i> Dessin original au stylo et à l'encre noire. 1938. €2,000 - €3,000.
    ALDE, Mar. 11: AUGUSTIN (Saint). De civitate Dei. Rome, Konrad Sweynheym et Arnold Pannartz, 1470. €20,000 - €30,000.
    ALDE, Mar. 11: [REGNART (LE LIVRE DE)]. [Le] Docteur en malice, maistre Regnard, demonstrant les ruzes et cautelles qu'il use envers les personnes… Rouen, 1550. €20,000 - €30,000.
    ALDE, Mar. 11: TRITHÈME (JEAN). Polygraphie et universelle escriture cabalistique. Paris, [Benoît Prévost pour] Jacques Kerver, 1561. €8,000 - €10,000.
    ALDE, Mar. 11: CAUS (SALOMON DE). La Perspective, avec la raison des ombres et des miroirs. Londres, John Norton, 1612.
    ALDE, Mar. 11: NICERON (JEAN-FRANÇOIS). La Perspective curieuse ou magie artificielle des effets merveilleux de l'optique. Paris, Pierre Billaine, 1638. €6,000 - €8,000.
    ALDE, Mar. 11: VONTET (JACQUES). L’Art de trancher la viande et toute sorte de fruits… S.l.n.d. [probablement Lyon, vers 1647]. €20,000 - €30,000.
    ALDE, Mar. 11: HUGO (VICTOR). [Paysage spectral avec une église], [vers 1837]. €20,000 - €30,000.
    ALDE, Mar. 11: [HERVEY DE SAINT-DENYS (LÉON D')]. Les Rêves et les Moyens de les diriger. Observations pratiques. Paris, Amyot, 1867. €3,000 - €4,000.
    ALDE, Mar. 11: GACHET (PAUL-FERDINAND). Les Chats de Gachet (Manuscrit). S.d. [avant mai 1873]. €6,000 - €8,000.
    ALDE, Mar. 11: [REDON (ODILON)]. PICARD (EDMOND). Le Juré. Monodrame en cinq actes… Bruxelles, Mme veuve Monnom, 1887. €7,000 - €9,000.
    ALDE, Mar. 11: [TOULOUSE-LAUTREC (HENRI DE) ET HENRI-GABRIEL IBELS]. MONTORGUEIL (GEORGES). Le Café-concert. Paris, [1893]. €4,000 - €5,000.
    ALDE, Mar. 11: [TERRY (EMILIO)]. Projet de fontaine. Dessin original au stylo et à l'encre noire. 1938. €2,000 - €3,000.

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