Rare Book Monthly

Articles - January - 2004 Issue

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

We helped one library sell a first edition of  Casino Royale at market prices--a book that they are getting ready to sell for $1.00

We helped one library sell a first edition of Casino Royale at market prices--a book that they are getting ready to sell for $1.00


Libraries always need money. So to participate in a mass — what else can I call it? — theft of library books just did not feel good. Bookselling does not have to be a zero-sum game, with the supplier being the loser and the bookseller being the winner. Thinking about this problem, we came to realize that the library had neither the knowledge nor the time to properly evaluate its holdings from the perspective of the global Internet-based market, and that even if it did have both, it lacked any means of fulfilling orders and working with customers.

So, we decided to do something different. Instead of buying (stealing) from libraries we began developing relationships with them, and turned the zero-sum game into a win-win situation — one that freed me from having to return to the mob lining up at the front door and delivered much greater financial benefits to the institution. We developed a simple consulting/consignment proposal that incorporated a revenue-sharing plan for non-profit organizations.

The heart of the proposal is this: we created guidelines for identifying valuable books (i.e. books worth, on the open market, $50.00 or more). We felt that these books need not (and should not) be sold at a library book sale for only $1.00. Our colleagues at the libraries did not have the skills or the information to identify valuable books, so we taught them how to do it. Since the program began, in one institution alone, (many states away from our home base) we have posted over $20,000 in consignment books, and sold — at fair market prices — titles such as a first edition of Ian Fleming’s Casino Royale — a book that the library would have sold at their book sale for $1.00. The program has the added benefit of helping libraries identify books that are unusually valuable and are in circulation.

As these books are identified, they are set aside for us. We inventory them, price them, and put them up for sale on the Internet, using standard sites, as well as eBay. The library receives half of the net realized price, less the out-of-pocket expense for commissions. We absorb shipping anomalies and anything else related to the fulfillment of the order. The books are stored in our warehouse until shipped and we provide monthly statements and payments to the institutions.

Rare Book Monthly

  • Sotheby’s
    Fine Manuscript and Printed Americana
    27 January 2026
    Sotheby’s, Jan. 27: An extraordinary pair of books from George Washington’s field library, marking the conjunction of Robert Rogers, George Washington, and Henry Knox. $1,200,000 to $1,800,000.
    Sotheby’s, Jan. 27: An extraordinary letter marking the conjunction of George Washington, the Marquis de Lafayette, and Benjamin Franklin. $1,000,000 to $1,500,000.
    Sotheby’s, Jan. 27: Virginia House of Delegates. The genesis of the Declaration of Independence and the Bill of Rights. $350,000 to $500,000.
    Sotheby’s
    Fine Manuscript and Printed Americana
    27 January 2026
    Sotheby’s, Jan. 27: (Gettysburg). “Genl. Doubleday has taken charge of the battle”: Autograph witness to the first day of the Battle of Gettysburg, illustrated by fourteen maps and plans. $200,000 to $300,000.
    Sotheby’s, Jan. 27: President Lincoln thanks a schoolboy on behalf of "all the children of the nation for his efforts to ensure "that this war shall be successful, and the Union be maintained and perpetuated." $200,000 to $300,000.
    Sotheby’s, Jan. 27: [World War II]. An archive of maps and files documenting the allied campaign in Europe, from the early stages of planning for D-Day and Operation Overlord, to Germany’s surrender. $200,000 to $300,000.
  • Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Plato. [Apanta ta tou Platonos. Omnia Platonis opera], 2 parts in 2 vol., editio princeps of Plato's works in the original Greek, Venice, House of Aldus, 1513. £8,000-12,000
    Forum, Jan. 29: Book of Hours, Use of Rome, In Latin, illuminated manuscript on vellum, [Southern Netherlands (probably Bruges), c.1460]. £6,000-8,000
    Forum, Jan. 29: Correspondence and documents by or addressed to the first four Viscounts Molesworth and members of their families, letters and manuscripts, 1690-1783. £10,000-15,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Shakespeare (William). The Dramatic Works, 9 vol., John and Josiah Boydell, 1802. £5,000-7,000
    Forum, Jan. 29: Joyce (James). Ulysses, first edition, one of 750 copies on handmade paper, Paris, Shakespeare and Company, 1922 £8,000-12,000
    Forum, Jan. 29: Powell (Anthony). [A Dance to the Music of Time], 12 vol., first editions, each with a signed presentation inscription from the author to Osbert Lancaster, 1951-75. £6,000-8,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Chaucer (Geoffrey). Troilus and Criseyde, one of 225 copies on handmade paper, wood-engravings by Eric Gill, Waltham St.Lawrence, 1927. £3,000-4,000
    Forum, Jan. 29: Borges (Jorge Luis). Luna de Enfrente, first edition, one of 300 copies, presentation copy signed by the author to Leopoldo Marechal, Buenos Aires, Editorial Proa, 1925. £3,000-4,000
    Forum, Jan. 29: Nolli (Giovanni Battista). Nuova Pianta di Roma, Rome, 1748. £6,000-8,000
    Forum Auctions
    Fine Books, Manuscripts and Works on Paper
    29th January 2026
    Forum, Jan. 29: Roberts (David). The Holy Land, Syria, Idumea, Arabia, Egypt, & Nubia, 3 vol., first edition, 1842-49. £15,000-20,000
    Forum, Jan. 29: Blacker (William). Catechism of Fly Making, Angling and Dyeing, Published by the author, 1843. £3,000-4,000
    Forum, Jan. 29: Herschel (Sir John F. W.) Collection of 69 offprints, extracts and separate publications by Herschel, bound for his son, William James Herschel, 3 vol., [1813-50]. £15,000-20,000

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