Rare Book Monthly

Articles - December - 2010 Issue

A Positive Trend for Regional Auction Houses

$25 a word

$25 a word


By Bruce McKinney


Leslie Hindman Auctioneers of Chicago struck gold with 3,129 words which they sold for $79,300 or $25.34 each. These words were written in 1880 by Samuel Clemens in his hand, the manuscript document, chapter XLII of 'A Tramp Abroad.' One can only imagine what Twain would say about this today. Possibly nothing. Rather he might write a note saying something like. "I'm happy to hear the news. Please pay me $250." This note is of course ten words. Whether he would demand a premium for large words is unknown. In Chicago recently Leslie Hindman made no distinction. Sam would no doubt be happy just to know that he is remembered and that since he slipped off this mortal coil one hundred years ago his words continue to be valued.

That Twain's words are valuable will surprise no one. That they are rising in Chicago is encouraging and part of a trend that sees more important books going to auction in regional centers. The economic distinctions, for the auction business, between New York and London and other major cities in the United States and Europe is narrowing just a bit. In the evolving world that incorporates the internet into everyday experience material consigned locally is increasingly selling nationally. Consignments after all are physical and usually vetted locally. That such material then consigned locally can reach an international audience and achieve pricing parity with the major auction houses is something new and good news for Chicago and other auction venues.

Such was the case with this chapter of Mark Twain that was consigned by a regional estate to a Chicago auction house and sold to a private buyer in the northeast. Not so many years ago such items might have brought less outside of New York. By all reports, the price achieved in Chicago is a record.

According to Mary Williams, Director of Books and Manuscripts at Leslie Hindman, while Hindman is a full service house selling all kinds of consignments in catalogued sales throughout the year they gather books and manuscripts into three specialist sales a year to intensify interest. In this way extensive cataloguing and promotion are possible. Recently they issued their first printed book catalogue with color. With the pricing differential between major and minor venues narrowing we can expect to see more regional catalogues. Ms. Williams indicated their threshold for cataloguing single owner sales is generally lower than New York houses.

For Chicago and mid-west consignors it's a very nice opportunity. Catalogued books usually obtain better outcomes.

For auction houses, consignors and bidders elsewhere it's an indication that the rules are changing. What is already working in Chicago, Boston [Skinner's] and New Orleans [Neal] can certainly work in Atlanta, St. Louis and Denver and across western Europe.

As with most things in life there's only one enduring rule: Change is inevitable. Machiavelli [1469-1527] said it this way, "Whosoever desires constant success must change his conduct with the times." It was true then. It is true now.

Rare Book Monthly

  • Sotheby’s
    Bibliotheca Brookeriana:
    A Renaissance Library. The Aldine Collection D-M
    18 October 2024
    Sotheby’s, Oct. 18: Herodianus Syrus, Herodiani Historiarum, Venice, Heirs of Aldo & Torresano, 1524, Parisian binding for Jean Grolier by Jean Picard, ca. 1540
    Sotheby’s, Oct. 18: Musaeus, Opusculum de Herone et Leandro, Venice, Aldo, 1495 (Greek text), interleaved with 1497–1498 (Latin text), English olive morocco by Charles Lewis, the Botfield copy
    Sotheby’s, Oct. 18: Horatius Flaccus, Horatius, Venice, Aldo, 1501, Bolognese brown goatskin (between 1501 and 1503), arms of Mino Rossi and illuminated initials throughout
    Sotheby’s, Oct. 18: Lucretius, De rerum natura, Venice, Aldo, 1500, English early eighteenth-century red morocco, the Fletcher copy
    Sotheby’s, Oct. 18: Dante, Le terze rime, Venice, Aldo, 1502, illuminated, contemporary Bolognese morocco binding
  • Bonhams, now to Oct. 24: CATESBY, MARK. 1683-1749. The Natural History of Carolina, Florida, and the Bahama Islands. $100,000 - $150,000
    Bonhams, now to Oct. 24: AUDUBON, JOHN JAMES. 1785-1851. The Birds of America, from Drawings Made in the United States and their Territories. $30,000 - $50,000
    Bonhams, now to Oct. 24: ADAMS ON HIS PEAR TREES AND A LOST PORTRAIT BY SALEM ARTIST HANNAH CROWNINSHIELD. ADAMS, JOHN. 1735-1826. $10,000 - $15,000
    Bonhams, now to Oct. 24: EARLIEST MAP DEVOTED TO NORTH AMERICA. FORLANI, PAULO. fl.1560-1571. $20,000 - $30,000
    Bonhams, now to Oct. 24: HAMILTON DEFENDS THE CONSTITUTION. HAMILTON, ALEXANDER. 1757-1804. $20,000 - $30,000
    Bonhams, now to Oct. 24: NO TAXATION WITHOUT REPRESENTATION BROADSIDE. Boston, September 14, 1768. $5,000 - $8,000
    Bonhams, now to Oct. 23: ONE OF THE EARLIEST ILLUSTRATIONS OF A SURGICAL PROCEDURE. BARTHOLOMAEUS ANGLICUS. $10,000 - $15,000
    Bonhams, now to Oct. 23: RICHARD FEYNMAN'S ANNOTATED COPY, WITH TWO EARLY FEYNMAN AUTOGRAPH MANUSCRIPTS. $15,000 - $25,000
    Bonhams, now to Oct. 23: THE FOUNDATIONS OF MODERN COMPUTING. TURING, ALAN MATHISON. 1912-1954. $30,000 - $50,000
    Bonhams, now to Oct. 23: FINE OIL PORTRAIT OF ALBERT EINSTEIN BY EUGEN SPIRO. $40,000 - $60,000
    Bonhams, now to Oct. 23: PENICILLIN MOLD MEDALLION INSCRIBED BY ALEXANDER FLEMING. FLEMING, ALEXANDER. 1881-1955. $30,000 - $50,000
    Bonhams, now to Oct. 23: APPLE "TWIGGY" MACINTOSH PROTOTYPE USED IN THE DEVELOPMENT OF DEMONSTRATION SOFTWARE. $80,000 - $120,000
  • Freeman’s | Hindman, Oct. 24:
    A Superb Extra-illustrated Copy of Nicolay and Hay’s Work About Lincoln. $50,000 – 70,000.
    Freeman’s | Hindman, Oct. 24:
    The First Volume of De Bry's Great Voyages, Thomas Hariot's Description of Virginia. $50,000 – 70,000.
    Freeman’s | Hindman, Oct. 24:
    An autographed cabinet card of Custer as lieutenant colonel. From his last sitting. $800 – 1,200.
    Freeman’s | Hindman, Oct. 24:
    The Congressional Committee, Lincoln's Funeral Springfield Illinois, 3 May 1865. $4,000 – 6,000.
    Freeman’s | Hindman, Oct. 25:
    A remarkable ninth plate daguerreotype of an interracial couple. $30,000 – 50,000.
    Freeman’s | Hindman, Oct. 25:
    What may be the earliest known images of an identified plantation and enslaved African Americans posed with their owner. $20,000 – 30,000.
    Freeman’s | Hindman, Oct. 25:
    Through Tickets to All Principal Points West Via Chicago Burlington and Quincy Railroad For Sale at This Office. $500 – 700.
    Freeman’s | Hindman, Oct. 25:
    15th New York Infantry / Regiment of Engineers GAR regimental colors. Ca 1880. $1,500 – 2,500.
  • Jeschke Jádi
    Auction 153
    Friday October 25 and Saturday October 26, 2024
    Jeschke Jádi, Oct. 25-26: Lot 1556. Senghor, Les Élégies Majeures. Geneve 1978.
    Jeschke Jádi, Oct. 25-26: Lot 1572. Lew Tolstoy. Anna Karenina. First Edition, Moscow, 1878.
    Jeschke Jádi, Oct. 25-26: Lot 49. Petrarca. Das Gluecksbuch, Augsburg, 1536.
    Jeschke Jádi
    Auction 153
    Friday October 25 and Saturday October 26, 2024
    Jeschke Jádi, Oct. 25-26: Lot 1060. Immanuel Kant, Critik der reinen Vernunft. First Edition, Riga, 1781.
    Jeschke Jádi, Oct. 25-26: Lot 585. Bonaparte, Iconografia della fauna Italica. Rome, 1832f.
    Jeschke Jádi, Oct. 25-26: Lot 548. Robert Fludd. Utriusque cosmi maioris, Frankfurt, 1617f.
    Jeschke Jádi
    Auction 153
    Friday October 25 and Saturday October 26, 2024
    Jeschke Jádi, Oct. 25-26: Lot 1496. Jacob / Picasso. Chronique des Temps, 1956.
    Jeschke Jádi, Oct. 25-26: Lot 571. Christian von Wolff. Works, Halle 1741f.
    Jeschke Jádi, Oct. 25-26: Lot 969. Karl Friedrich Schinkel, Dekorationen innerer Raeume. Berlin 1874.
    Jeschke Jádi
    Auction 153
    Friday October 25 and Saturday October 26, 2024
    Jeschke Jádi, Oct. 25-26: Lot 1457. Goethe. Das Tagebuch. Print on Vellum. Berlin, Officina Serpentis. 1934.
    Jeschke Jádi, Oct. 25-26: Lot 1316. Tolouse-Lautrec. Dessinateur. Duhayon binding, 1948.
    Jeschke Jádi, Oct. 25-26: Lot 30. Michael de Hungaria. Sermones praedicabiles, Strasbourg, 1494.
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    Institutional Collections & Deacccessioned Books
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