Doyle, Nov. 14-15: A studio-sanctioned Darth Vader Touring Costume from The Empire Strikes Back. $50,000 to $100,000.
Doyle, Nov. 14-15: An original Al Hirschfeld's illustration of the cast of On Golden Pond. $4,000 to $6,000.
Doyle, Nov. 14-15: The largest trove of personal Grace Kelly letters to come to market. $60,000 to $80,000.
Doyle, Nov. 14-15: An Important Archive of Musical Manuscripts of Truman Capote and Harold Arlen's House of Flowers. $40,000 to $60,000.
Doyle, Nov. 14-15: The archive of an original Merrily We Roll Along Broadway cast member. $5,000 to $10,000.
Doyle, Nov. 14-15: Jerry Herman's Yamaha Model C7 Ebonized Grand Piano. $6,000 to $9,000.
Doyle, Nov. 14-15: A large group of Jerry Herman musical posters. $300 to $500.
Doyle, Nov. 14-15: Group of awards presented to Jerry Herman. $300 to $400.
Doyle, Nov. 14-15: Six pages of original art for "The MAD Game of Basebrawl," a complete story published in MAD #167, pages 31-36, June 1974. $3,000 to $4,000.
Doyle, Nov. 14-15: A MAD book made for Al Jaffee, containing original art and writings from many MAD contributors. 2011. $1,200 to $1,800.
Doyle, Nov. 14-15: A Jaffee-themed MAD Fold-In - "What honor should the creator of the MAD Fold-Ins be given?" $800 to $1,200.
Doyle, Nov. 14-15: MAD Fold-In - "What developing news story has many Americans totally transfixed?" $800 to $1,200.
1. The top end of the market is again confirmed. The best, rarest, most exceptional and beautiful material attracts bidders. Images rule. Prose, however early, important and wonderful is simply less appealing than letters from the author or their signed images. We have entered the visual and connected era and prices reflect this.
2. The threshold between desirable and common is rising and this is difficult news for the middle market. Ten years ago material that cost a thousand dollars sat upon the hinge point between highly collectible and common. Today the hinge is higher. What this means is that dealers are bidding for and acquiring ever more valuable material while stepping aside to let larger portions of the broad market fend for themselves. For collectors of mid-level rarities we now know that AED valuation estimates are accurately predicting auction outcomes and the estimates are slipping.
As to why we are experiencing a decline in previously secure mid-level material there are several explanations and factors.
A. When the market was rising between 1990 and 2006 dealers tended to move prices up across the board as important material set records. It's now plausible that higher prices for much of the mid-level material were never justified.
B. Collecting of serious material is primarily the province of the wealthy and there are, by all reports, fewer in this category. The past decade has been for many difficult financially and what was, not so long ago, an entitlement of the upper middle class, may now have become an unsupportable luxury. The evidence of strength at the top and weakness in the middle is consistent with this thinking. The result is declining interest, and declining prices in the vulnerable middle market, particularly in the highly collectible but relatively common important books that commanded $5,000 or so not so long ago but which struggle in the auction rooms today. This suggests an imbalance between copies available and interested buyers at the epicenter of where most valuable books are found: common rarities.
C. There are more options and competition and the economy is difficult. The market is flooded with interesting possibilities. Listing sites today display millions of collectible books. They don't sell fast but leave the misimpression that many collectible books are common. The more correct impression is that they have been listed for years and accumulated because buyers are rarer than the books. For the collector the question should perhaps always be "why should I buy this?" because selling may not be easy.
My sense is that all these factors are involved. Prices for many items went too high and now return to earth. For baby boomers in particular the collecting moment passes. An increasingly adversarial tax code and increasing longevity may also lead to sales of collections and liquidations of inventories. As well, any continuing pronounced down trend in prices may induce further sales. An orderly decline is logical while the market re-prices but the bias may be to the downside.
Bonhams, Nov. 2-12: AUDUBON, JOHN JAMES. Red-Shouldered Hawk. London: R. Havell, Jr., 1829. $2,000 - $3,000
Bonhams, Nov. 2-12: STEWART, WILLIAM DRUMMOND, SIR. Altowan; or, Incidents of Life and Adventure in the Rocky Mountain... New York, 1846. PRESENTATION COPY. $800 - $1,200
Bonhams, Nov. 2-12: WILLUGHBY & RAY, JOHN. The Ornithology of Francis Willughby in three books... London, Martyn, 1678. $800 - $1,200
Bonhams, Nov. 2-12: SUSAN B. ANTHONY. Autograph Quotation Signed, on equal rights "for men and women," Rochester, 1898. $1,000 - $1,500
Bonhams, Nov. 2-12: FRANKLIN, BENJAMIN. Autograph Letter Signed integrally to Le Comte de Milly arranging a meeting with M. Broignard, Passy, 1778. $10,000 - $15,000
Bonhams, Nov. 2-12: FRANKLIN, JEFFERSON, & ADAMS. Mansucript Signed by all three architects of the American ideal, requesting a Treaty of Amity and Commerce. $750,000 - $1,000,000
Bonhams, Nov. 2-12: LINCOLN, ABRAHAM. Endorsement Signed, a pardon for a Confederate soldier, February 6, 1865. $4,000 - $6,000
Bonhams, Nov. 2-12: NAPOLEON FORMALLY RATIFIES THE LOUISIANA PURCHASE. Document Signed ("James Monroe," "Robt. R. Livingston" and "Barbé-Marbois"). $100,000 - $200,000
Bonhams, Nov. 2-12: JAMES MONROE ON THE DIFFICULTIES OF JAY'S TREATY. Autograph Letter Signed to Thomas Pinckney, Paris, January 17, 1795. $15,000 - $25,000
Bonhams, Nov. 2-12: GIDEON WELLES FIRST HAND ACCOUNT OF FORT PICKENS AND FORT SUMTER ON THE EVE OF CIVIL WAR. Autograph Manuscript, 44 pp, c.1870. $4,000 - $6,000
Bonhams, Nov. 2-12: SIGNED BY BORGES. Labyrinths: Selected Stories & Other Writings. 1962. First book publication in English. $4,000 - $6,000
Bonhams, Nov. 2-12: LORENZO DOW TURNER'S COPY. LOCKE, ALAIN. The New Negro: an Interpretation. 1925. $1,000 - $1,500
Forum Auctions A Visual and Historical Voyage into the Ottoman World: The Library of a Gentleman 14th November
Forum, Nov. 14: Preziosi (Amedeo). Stamboul: Recollections of Eastern Life, first edition, Paris, Lemercier, 1858. £6,000 to £8,000.
Forum, Nov. 14: Mayr (Heinrich von). Malerische Ansichten aus dem Orient. Vues Pittoresques de l'Orient, first edition in the original 10 parts, Munich, Paris & Leipzig, [1839-40]. £10,000 to £15,000.
Forum, Nov. 14: Lewis (John Frederick). Illustrations of Constantinople, made during a Residence in that City &c. in the Years 1835-6, first edition, [1838]. £6,000 to £8,000.
Forum, Nov. 14: Dodwell (Edward). Views in Greece, first edition, ordinary format, Rodwell and Martin, 1821. £8,000 to £12,000.
Forum, Nov. 14: Cassas (Louis François). [Voyage Pittoresque de la Syrie, de la Phoenicie, de la Palæstube et de la Basse-Égypte], 3 vol., first edition, [Paris], [1799]. £8,000 to £12,000.
Forum Auctions A Visual and Historical Voyage into the Ottoman World: The Library of a Gentleman 14th November
Forum, Nov. 14: La Chappelle (Georges). Recueil de Divers Portraits des Principales Dames de la Porte du Grand Turc, first edition, Paris, 1648. £8,000 to £12,000.
Forum, Nov. 14: Fossati (Gaspard). Aya Sophia Constantinople as recently restored by order of H.M. the Sultan Abdul Medjid, first edition, ordinary format, 1852. £6,000 to £8,000.
Forum, Nov. 14: Pertusier (Charles). Promenades Pittoresques dans Constantinople et sur les Rives du Bosphore, 4 vol., inc Atlas, first edition, Paris, H. Nicolle, 1815-17. £6,000 to £8,000.
Forum, Nov. 14: Brindesi (Jean). Souvenirs de Constantinople, first edition, [Paris], [1855-60]. £4,000 to £6,000.
Forum, Nov. 14: Le Bruyn (Cornelius). Voyage au Levant, first French edition, Delft, Henri de Kroonevelt, 1700. £3,000 to £4,000.
Desa Unicum, Nov. 13:Chronograph Wristwatches. Precious memories of the 20th Century / Cronografi da Polso. Preziose Memorie del XX Secolo, 2013. €3,000 to €5,000. Starting Bid: €10.
Desa Unicum, Nov. 13: Lanthemann, Joseph. Modigliani 1884-1920. A Catalogue Raisonné, Barcelona, 1970. €320 to €380. Starting Bid: €10.
Desa Unicum, Nov. 13: Warhol, Andy. The Philosophy of Andy Warhol (from A to B and back again), New York, 1975. Signed by the author. €500 to €600. Starting Bid: €10.
Desa Unicum, Nov. 13: Vitali, Lamberto. Morandi: Catalogo Generale. I & II, Mediolan, 1983. €1,100 to €1,300. Starting Bid: €10.
Desa Unicum, Nov. 13: Goldstein, Ann. Christopher Wool, Los Angeles, 1998. €320 to €380. Starting Bid: €10.
Desa Unicum, Nov. 13: Celant, Germano. Piero Manzoni, 1989. €320 to €360. Starting Bid: €10.
Desa Unicum, Nov. 13: Ernst, Max. Oeuvre-Katalog. Das Graphische Werk, Cologne, 1975. €420 to €480. Starting Bid: €10.
Swann, Nov. 14: Stephen Sondheim, autograph musical quotation signed and inscribed, 4 bars from “Send in the Clowns,” 1986.
Swann, Nov. 14: George Washington, autograph letter signed to Robert Morris, preparing for attack on Philadelphia, 1777.
Swann, Nov. 14: Autograph album containing over 250 signatures by members of 29th U.S. Congress, 1845.
Swann, Nov. 14: Charles “The Bold,” letter signed to Duke of Milan written during Burgundian Wars, 1475.
Swann, Nov. 14: Deng Xiaoping, TIME magazine “Man of the Year” issue signed and dated, 1979.
Swann, Nov. 14: Theodor Herzl, autograph letter signed to prospective tutor of his children, 1902.
Swann, Nov. 14: Bourienne’s Memoirs of Napoleon Bonaparte extra illustrated including 1798 letter signed by Napoleon after Battle of the Nile, 1836.
Swann, Nov. 14: George Minot, autograph manuscript signed, diary kept during European trip to claim Nobel Prize, 1934.
Swann, Nov. 14: Thomas Jefferson, autograph letter signed, introducing George Washington’s personal secretary Tobias Lear, 1793.
Swann, Nov. 14: Winston Churchill, A History of the English-Speaking Peoples, signed in second volume, first edition, 1956-58.
Swann, Nov. 14: John Steinbeck, late typescript drafts of 5 chapters from his posthumously published tales of King Arthur, 1959.
Swann, Nov. 14: H.G. Wells, group of 14 of his books signed to his mistress Rebecca West or the son they had together, 1910s-40s.
Old World Auctions (Nov 6-20): Lot 51. Ortelius' Influential Map of the New World - Second Plate in Full Contemporary Color (1579) Est. $5,500 - $6,500
Old World Auctions (Nov 6-20): Lot 165. Reduced-Size Edition of Jefferys/Mead Map with Revolutionary War Updates (1776) Est. $4,750 - $6,000
Old World Auctions (Nov 6-20): Lot 688. Blaeu's Superb Carte-a-Figures Map of Africa (1634) Est. $3,000 - $3,750
Old World Auctions (Nov 6-20): Lot 105. Striking Map of French Colonial Possessions (1720) Est. $2,750 - $3,500
Old World Auctions (Nov 6-20): Lot 98. Rare First Edition of the First Published Plan of a Settlement in North America (1556) Est. $3,000 - $3,750
Old World Auctions (Nov 6-20): Lot 181. Important Map of the Georgia Colony (1748) Est. $2,750 - $3,500
Old World Auctions (Nov 6-20): Lot 547. Ortelius' Map of Russia with a Vignette of Ivan the Terrible in Full Contemporary Color (1579) Est. $1,400 - $1,700
Old World Auctions (Nov 6-20): Lot 85. Homann's Decorative Map of Colonial America (1720) Est. $1,600 - $1,900
Old World Auctions (Nov 6-20): Lot 642. Blaeu's Magnificent Carte-a-Figures Map of Asia (1634) Est. $3,000 - $3,750
Old World Auctions (Nov 6-20): Lot 748. The Martyrdom of St. John in Contemporary Hand Color with Gilt Highlights (1520) Est. $1,000 - $1,300
Old World Auctions (Nov 6-20): Lot 298. Scarce Early Map of Chester County (1822) Est. $2,750 - $3,500