Rare Book Monthly

Articles - July - 2011 Issue

A Book Still Worth Reading:  Anatomy of an Auction

Anatomy

A book well worth reading

The rare book business is the art of identifying attractive material, stocking it and then connecting with those who have the desire and resources to acquire it.  The business takes many forms, an alchemy of shops and locations, catalogues and connections.  However the business is structured all dealers share the need to efficiently acquire stock.  For collectors and institutions the challenges are different.  Theirs are to conceptualize a concentration and identify reliable sources from which to acquire.  Setting between them are auctions that provide fleeting opportunities to acquire desirable material, often at attractive prices.  Dealers, with years of experience, understand the ephemeral availability of material at auction, monitor sales closely and buy a majority of the lots offered.  Collectors, at least at the outset of their collecting careers, are less likely to buy at them.  The relationship between dealers, collectors and the auctions is therefore ever changing.  Dealers, for their part, often exaggerate the risks of buying at auction while auction houses tend to minimize such concerns.  The truth lies somewhere in between.  Some institutions and collectors become auction buyers but the majority does not.  Sorting all this out adds drama to the quest for books.  Doing it correctly adds value and or reduces wasteful spending.  At every stage information and experience are crucial.  Dealers have historically gained theirs via apprenticeship, as collectors, networking and through the use of extensive resources.  Old-time dealers frequently had hundreds, even thousands of reference materials.   Collectors for the most part have relied on dealers for perspective, institutions a combination of resources and advice.  As the following account suggests you can never know enough.

I recently read a fascinating book, Anatomy of an Auction, written by Arthur Freeman and Janet Ing Freeman.  It’s hardly a new book but neither is it an old story.  The Book Collector published it in 1990.  It is the account of an important auction, the dispersal of the property and contents of Ruxley Lodge in Claygate, near Esher, in Surrey England by estate auctioneers and valuers, Castiglione & Scott.  Included in the eight-day event were three days of book sales that were understood by the book trade to include exceptional material of immense value but that was not fully understood by the auctioneers.  This knowledge on the one side and naivety on the other would set the stage for such a blatant abuse of the consignor that eight years later dealer “ringing” would be made a criminal act.   At the time such rings were legal.  This book is as it says, an anatomy of an auction, this auction.

Rare Book Monthly

  • <b>ANZAAB Highlights Catalogue:</b> OUTHWAITE, Ida Rentoul. FROG TEACHER LEADING ELF PUPILS ... Watercolour, c.1920.
    <b>ANZAAB Highlights Catalogue:</b> SATO, Gyro. [GENDAI RYOKI SENTAN ZUKAN]. Tokyo : Shinchosa, 1931.
    <b>ANZAAB Highlights Catalogue:</b> CARROLL, Lewis. ALICE’S ADVENTURES IN WONDERLAND. London : Macmillan and Co., 1868.
    <b>ANZAAB Highlights Catalogue:</b> FLEMING, Ian and MILLER, Albert. CHITTY CHITTY BANG BANG. New York : Random House, 1968.
    <b>ANZAAB Highlights Catalogue:</b> PHOENIX. Adelaide : Adelaide University Union, 1939.
    <b>ANZAAB Highlights Catalogue:</b> BOWEN, Emmanuel. A complete map of the Southern Continent. London : 1744.
    <b>ANZAAB Highlights Catalogue:</b> NORTHFIELD, James. AUSTRALIA. Melbourne : Northfield Studios and J.E. Hackett, c.1935
  • <b>Swann Auction Galleries Aug 5:</b> Charles Loupot, <i>Les Cigarettes Mekka,</i> 1919. $15,000 to $20,000.
    <b>Swann Auction Galleries Aug 5:</b> Plinio Codognato, <i>Cicli Fiat,</i> circa 1910. $12,000 to $18,000.
    <b>Swann Auction Galleries Aug 5:</b> L.N. Britton, <i>Warning! Consider the Possible Consequences,</i> c. 1917. $8,000 to $12,000.
    <b>Swann Auction Galleries Aug 5:</b> Leonardo Bistolfi, <i>Première Exposition Internationale des Arts Décoratifs Modernes,</i> 1902. $7,000 to $10,000.
    <b>Swann Auction Galleries Aug 5:</b> Leonetto Cappiello, <i>Paquet Pernot / Biscuits Pernot,</i> 1910. $4,000 to $6,000.
    <b>Swann Auction Galleries Jul 15:</b> Jessie Tarbox Beals, archive of signed photographs, 15 silver prints, c. 1930. $6,000 to $8,000.
    <b>Swann Auction Galleries Aug 5:</b> Francesco Nonni, <i>Font Meo / Acqua Minerale Naturale,</i> 1924. $4,000 to $6,000.
    <b>Swann Auction Galleries Aug 5:</b> Frederick Winthrop Ramsdell, <i>American Crescent Cycles,</i> 1899. $3,000 to $4,000.
    <b>Swann Auction Galleries Aug 5:</b> <i>Be a Tight Wad! Own Something!</i> designer unknown, 1925. $2,000 to $3,000.
    <b>Swann Auction Galleries Aug 5:</b> Candido Aragonese de Faria, <i>Chamonix–Mont–Blanc,</i> c. 1910. $3,000 to $4,000.
    <b>Swann Auction Galleries Aug 5:</b> W.E.J., <i>Irishmen Avenge the Lusitania,</i> c. 1915. $2,000 to $3,000.
  • <center><b>Trillium Antique Prints & Rare Books<br>Fine Art<br>Antique Engravings & Lithographs<br>Works on Paper<br>Accepting bids until August 7</b>
    <b>Trillium, Aug. 7:</b> Maitres Affiches by MUCHA - Papier a cigarettes Job. 202. $5,000 to $10,000.
    <b>Trillium, Aug. 7:</b> De Bry - Map of the West Indies (including Florida, Cuba, Jamaica, Bahamas, Parts of Central & South America, Sea Monsters, Ships). $6,000 to $9,000.
    <b>Trillium, Aug. 7:</b> Gould - Short-billed Toucan (Ramphastos Brevicarinatus). $5,000 to $8,000.
    <center><b>Trillium Antique Prints & Rare Books<br>Fine Art<br>Antique Engravings & Lithographs<br>Works on Paper<br>Accepting bids until August 7</b>
    <b>Trillium, Aug. 7:</b> Redoute, Folio - Pale Iris - Iris flavescens. 375. $3,000 to $5,000.
    <b>Trillium, Aug. 7:</b> Gillray - Light Expelling Darkness or The Sun of the Constitution. $200 to $500.
    <b>Trillium, Aug. 7:</b> Gerard - Wild Hemp or Weed, Cannabis. 708. $150 to $450.
    <b>Trillium, Aug. 7:</b> Shaw & Nodder - Head of The Dodo. 165. $100 to $300.
  • <center><b>Sotheby’s<br>Your Own Sylvia:<br>Sylvia Plath’s letters to Ted Hughes and other items,<br>Property of Frieda Hughes<br>9 to 21 July 2021</b>
    <b>Sotheby’s, 9 – 21 July:</b> Sylvia Plath. Family photograph album ("The Hughes family Album"), 1957-1962. £30,000 to £50,000.
    <b>Sotheby’s, 9 – 21 July:</b> Sylvia Plath. Typed letter signed, to Ted Hughes, on "my own private doctrine", with a poem, 5 October 1956. £15,000 to £20,000.
    <b>Sotheby’s, 9 – 21 July:</b> Sylvia Plath. Pen and ink portrait of Ted Hughes, [1956]. £10,000 to £15,000.
    <center><b>Sotheby’s<br>Your Own Sylvia:<br>Sylvia Plath’s letters to Ted Hughes and other items,<br>Property of Frieda Hughes<br>9 to 21 July 2021</b>
    <b>Sotheby’s, 9 – 21 July:</b> Ted Hughes and Sylvia Plath. Joint autograph letter signed, to William and Edith Hughes, March 1960. £8,000 to £12,000.
    <b>Sotheby’s, 9 – 21 July:</b> Sylvia Plath and Ted Hughes. Photographic portrait by David Bailey, inscribed by Plath, 1961, and another press photo. £800 to £1,200.
    <b>Sotheby’s, 9 – 21 July:</b> Tarot de Marseille. Deck of cards owned by Sylvia Plath. £4,000 to £6,000.
    <b>Sotheby’s, 9 – 21 July:</b> Sylvia Plath and Ted Hughes. Pair of gold wedding rings. £6,000 to £8,000.
  • <center><b>Trillium Antique Prints & Rare Books<br>Fine Art<br>Antique Engravings & Lithographs<br>Works on Paper<br>Accepting bids until July 31</b>
    <b>Trillium, July 31:</b> Cleveley, Jukes, & Cook - View of Charlotte Sound, New Zealand. $3,000 to $5,000.
    <b>Trillium, July 31:</b> Peron - Platypus. $300 to $600.
    <b>Trillium, July 31:</b> Loon & Pitt - Map of the World published 1680 - <I>Orbis Terrarum nova et accuratissima tabula.</i> $5,000 to $8,000.
    <b>Trillium, July 31:</b> Maitres de l'Affiche by MUCHA - La Dame aux Camelias. $4,000 to $6,000.
    <center><b>Trillium Antique Prints & Rare Books<br>Fine Art<br>Antique Engravings & Lithographs<br>Works on Paper<br>Accepting bids until July 31</b>
    <b>Trillium, July 31:</b> Cause - Peony, Crocus, Dog's Tooth Violet. $400 to $800.
    <b>Trillium, July 31:</b> Redoute, Folio - Lemmonnier's Iris - Iris Monnieri. $2,000 to $4,000.
    <b>Trillium, July 31:</b> Audubon, Imperial Folio - Common American Deer. $6,000 to $12,000.
    <b>Trillium, July 31:</b> Gould - Cuvier's Toucan (Ramphastos Cuvieri). $5,000 to $8,000.

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