Rare Book Monthly

Articles - November - 2011 Issue

A World in Transition:  Make me an Offer Please

Choices

"Make me an offer" will shorten the distance between auctions and fixed price listings.

Not so long ago the book business moved from paper to the net.  The online listing sites were appealing, the costs low and the opportunities attractive.  Initially for most the net was an incremental rather than replacement step and whatever other selling processes were employed they continued to be used.  Ten years later the transition is mostly complete and the success of the listing sites has become their undoing.  Today somewhere above 180 million items are listed and the era of perpetual under-supply has given way to transparent over supply.

Roughly 95% of material on listing sites is every day run-of-the mill useful, if not important, items.  Collectable material fits loosely inside the other five percent ranging from the narrowly appealing to exceptionally rare and valuable.  This material has always existed but only recently become widely visible. The outcome has been a slowdown in sales as more items compete for approximately the same number of buyers.   Collectors and institutions in turn, confronted with many choices, have generally narrowed their purchasing focus.  The depressed and uncertain economy has added to the misery, obscuring for some the underlying fundamental changes that no economic recovery will entirely resolve.   The issue of too much for too few isn’t going away; the field as it was is not the field as it will be.

  

In response both buyers and sellers have sought additional ways to transact, sellers to increase the probability of sale and collectors to obtain ‘market confirmation’ of value.  For this the auction process, subject to some caveats, has been the answer and auction volume, both at traditional venues and on eBay, has been strong.  This, in my opinion, is only the beginning because the volume of material yet to reach the market will require a staccato flow to bring availability and demand into balance, a process that may take a decade to resolve.  For listing sites this presents a challenge to remain relevant.

eBay has for some time provided a tool which if optionally offered by listing sites, will introduce auction-like bargaining into a segment of the market that needs a way to get buyers and sellers into discussion.  The days of the frozen listing, simple descriptions and fixed prices simply aren’t working well enough because, as it stands now, asking prices are frequently too high and sellers reluctant to cut prices without evidence it will increase sales.  Here is what eBay provides.

Here is a hypothetical example.  Nine copies of the same item are listed for prices that generally reflect condition.  The prices aren’t always logically sequenced but they together make sense.  Let’s say the range is from $450 to $900; the range in quality from deplorable to excellent and the patience of at least one of the sellers wearing thin.  The listing site adds an option to post on a listing in this example “Make Me an Offer” as well as search options for listings with this offer.


Rare Book Monthly

  • <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.
  • <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
  • <center><b>The Transatlantic Book Fair<br>July 22-27, 2021</b>
    <b>Transatlantic Book Fair, Jul. 22-27:</b> SHAKESPEARE, William. <i>Comedies, Histories and Tragedies. Published according to the true originall copies.</i> London, Tho Cotes, for Robert Allot, 1632.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> STAHL, Augusto. <i>Panorama of Rio de Janiero.</i> c.1859. 3-part albumen print panorama (266 x 1186mm.).
    <b>Transatlantic Book Fair, Jul. 22-27:</b> WILDE, Oscar. <i>Lady Windermere's Fan</i>. London: Elkin Mathews & John Lane, 1893. Presentation copy.
    <center><b>The Transatlantic Book Fair<br>July 22-27, 2021</b>
    <b>Transatlantic Book Fair, Jul. 22-27:</b> DE TOCQUEVILLE, Alexis. <i>De la Democratie en Amerique.</i> Paris: Pagnerre, 1850. Thirteenth Edition. Presentation copy.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> CHAUDRON, A[delaide] de V[endel]. <i>Chaudron’s Spelling Book.</i> Mobile (AL): S.H. Goetzel, 1865.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> SAINT CHER, Hugh of. <i>Commentary on Peter Lombard’s Sentences, with the Abridgement of the Sentences.</i> Eastern France, illuminated manuscript., first half of the fifteenth century.
    <center><b>The Transatlantic Book Fair<br>July 22-27, 2021</b>
    <b>Transatlantic Book Fair, Jul. 22-27:</b> LANE, Thomas. <i>The Crystal Palace.</i> London, 1851.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> B[ULWER], J[ohn]. <i>Anthropometamorphosis: man transform’d: or, the artificiall changling historically presented…</i> London: William Hunt, 1653.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> VOLTAIRE, François-Marie Arouet de. <i>Oeuvres de M. de Voltaire.</i> Dresden, George-Conrad Walther (i.e. Leipzig, Breitkopf), 1748-1750.
    <center><b>The Transatlantic Book Fair<br>July 22-27, 2021</b>
    <b>Transatlantic Book Fair, Jul. 22-27:</b> HAWKING, Stephen & Leonard Mlodinow. <i>The Grand Design.</i> London: Bantam Books, 2011.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> FIELDS, James T. <i>Yesterdays with Authors.</i> With fine manuscript letter by Charles Dickens, and autograph letters from Forster, Landor, Mitford and others.
    <b>Transatlantic Book Fair, Jul. 22-27:</b> <i>Kit, the Arkansas Traveller Broadside.</i> Chromolithograph.
  • <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.

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