Rare Book Monthly

Articles - January - 2004 Issue

Beyond the Zero Sum Game: <br>An Approach to Creating Mutually Beneficial Supplier Relationships

A copy of Jules Verne’s Twenty Thousand Leagues  Under the Sea was sitting on a back table (Boston: Smith, 1875) for $15.00.

A copy of Jules Verne’s Twenty Thousand Leagues Under the Sea was sitting on a back table (Boston: Smith, 1875) for $15.00.


I used two sites for this: www.amazon.com and Abebooks. ABE gave me a very good picture of the existing market for a title, while Amazon had the discounted new book price and their own listings of used books. I soon learned how a book that will never sell on ABE because too many of the same title are listed may have a good shot on Amazon as either a rare book (priced above Amazon’s list price) or a used book (priced either above or below Amazon’s list price). I also discovered that ABE is extremely useful for finding out more about a particular rare book, which can be done by reading competitive listings.

After my initial in-house effort to create inventory, I started to look around to see where other books could be acquired, and went to the usual places — estate sales, library sales and auctions. At one of our first sales we came late, and were relegated to picking over the leavings. Incredibly, a copy of Jules Verne’s Twenty Thousand Leagues Under the Sea was sitting on a back table (Boston: Smith, 1875) for $15.00. I didn’t realize until I got it back to the office, that it was worth hundreds of dollars. We enjoyed taking the profit, but I admit to feeling a twinge of conscience that the charity sponsoring the sale received so small a share of it.

At another large $1.00-a-book sale, people would start lining up several hours before opening; one woman slept overnight in her van in the parking lot. In what was a near-mob situation of slathering booksellers waiting at the door, somebody grabbed my arm to yank me out of their way. When I turned around, I didn’t see a bookseller, someone who thinks, what I saw was a greedy guy, waiting to steal some totally undervalued book, from a library that could surely use all the money they could raise. People don’t line up for hours at a $1.00 book sale to buy books worth $1.00. They line up because the library is “giving away the store” big-time, and they want a piece of the action for themselves.

This is particularly upsetting to me because I believe libraries are sacred spaces. I haunted the 23rd Street Library in New York, which was housed in a building that resembled some medieval castle, and the first time I went to the 42nd Street Library reading room I felt like a pilgrim who had just walked into the Holy of Holies. I’ve been in the stacks at New York University and Columbia and Brandeis, and stood awestruck in the Library of Congress.

Rare Book Monthly

  • Bonhams, Dec. 8-18: Autograph Letter Signed ("Martinus Luther") to His Friend the Theologian Gerhard Wiskamp ("Gerardo Xantho Lampadario"). $100,000 - $150,000.
    Bonhams, Dec. 8-18: An Exceptionally Fine Copy of Austenís Emma: A Novel in Three Volumes. $40,000 - $60,000.
    Bonhams, Dec. 8-18: Presentation Copy of Ernest Hemmingwayís A Farewell to Arms for Edward Titus of the Black Mankin Press. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript Signed Integrally for "The Songs of Pooh," by Alan Alexander. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript of "Three Fragments from Gˆtterd‰mmerung" by Richard Wagner. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Original Preliminary Artwork, for the First Edition of Snow Crash. $20,000 - $30,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("T.R. Malthus") to Economist Nassau Senior on Wealth, Labor and Adam Smith. $20,000 - $30,000.
    Bonhams, Dec. 8-18: History of the Peloponnesian War by Thucydides Finely Bound by Michael Wilcox. $20,000 - $30,000.
    Bonhams, Dec. 8-18: First Edition of Lewis and Clark: Travels to the Source of the Missouri River and Across the American Continent to the Pacific Ocean. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Original Artwork for the First Edition of Neal Stephenson's Groundbreaking Novel Snow Crash. $100,000 - $150,000.
    Bonhams, Dec. 8-18: A Complete Set Signed Deluxe Editions of King's The Dark Tower Series by Stephen King. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("John Adams") to James Le Ray de Chaumont During the Crucial Years of the Revolutionary War. $8,000 - $12,000.
  • Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 17: Francesco Colonna. Hypnerotomachie, Paris, 1546, Parisian calf by Wotton Binder C for Marcus Fugger. €200,000 to €300,000.
    Sotheby’s, Dec. 17: Nausea. De principiis dialectices Gorgias, and other works, Venice, 1523, morocco gilt for Cardinal Campeggio. €3,000 to €4,000.
    Sotheby’s, Dec. 17: Billon. Le fort inexpugnable de l'honneur, Paris, 1555, Parisian calf gilt for Peter Ernst, Graf von Mansfeld. €120,000 to €180,000.
    Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 16: Salinger, J.D. The Graham Family archive, including autographed letters, an inscribed Catcher, a rare studio photograph of the author, and more. $120,000 to $180,000.
    Sotheby’s, Dec. 16: [Austen, Jane]. A handsome first edition of Sense and Sensibility, the author's first novel. $60,000 to $80,000.
    Sotheby’s, Dec. 16: Massachusetts General Court. A powerful precursor to the Declaration of Independence: "every Act of Government … without the Consent of the People, is … Tyranny." $40,000 to $60,000.
  • Heritage Auctions
    Rare Books Signature Auction
    December 15, 2025
    Heritage, Dec. 15: John Donne. Poems, By J. D. With Elegies on the Author's Death. London: M[iles]. F[lesher]. for John Marriot, 1633.
    Heritage, Dec. 15: Edgar Rice Burroughs. Tarzan of the Apes.
    Heritage, Dec. 15: F. Scott Fitzgerald. Tender is the Night. A Romance.
    Heritage, Dec. 15: Bram Stoker. Dracula. Westminster: Archibald Constable & Co., 1897.
    Heritage, Dec. 15: Jerry Thomas. How to Mix Drinks, or the Bon-Vivant's Companion, Containing Clear and Reliable Directions for Mixing All the Beverages Used in the United States…
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