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Articles - December - 2011 Issue

A Picture is Worth a Thousand Words so here goes

- by Bruce E. McKinney

The market for rare books, manuscripts, maps and ephemera: stable to improving

The market for rare books, manuscripts, maps and ephemera: stable to improving

Good pictures. [Click on the image link]

What with the book business experiencing malaise here are two charts that will warm some hearts.

The first shows the percentage of lots at auction sold by month over the past two years.  The blue line is 2009-2010 and the orange line 2010-2011.  The second graph shows the median price for each of these months for the same two-year period.  There is no strong trend in either chart.  Prices are a tad weaker but the percentage of lots sold a few points higher.

Seen together the market for auction-able material is holding up.  There has been recurring speculation that for collectibles the future may not be as rosy as the past.  If this is so we are not seeing it.  To the contrary good material seems to be doing well even as auction houses bring down reserves to encourage broader bidding.

Ben S. Bernanke, the American Federal Reserve Chairman and inadvertent book auction advocate, favors inflation both to float real estate values and avoid deflation.  Rare books get a seat on the same bus and such a strategy that encourages inflation also makes valuable books an appealing hedge.


Rare Book Monthly

  • Heritage, May 13: Isaac Asimov. I, Robot. The dedication copy, inscribed to John W. Campbell, Jr.
    Heritage, May 13: Aldous Huxley. Brave New World. A fine copy, in a brilliant dust jacket.
    Heritage, May 13: Ray Bradbury. Fahrenheit 451. Presentation copy, inscribed by the author.
    Heritage, May 13: Robert A. Heinlein. Stranger in a Strange Land. A fine copy, signed by the author.
    Heritage, May 13: Jules Verne. Twenty Thousand Leagues Under the Seas. Exceedingly rare true first American edition, first issue.
  • Bonhams, May 5 and Apr. 27 – May 6: 1481 ❧ THE FIRST VIEW OF VENICE. ROLEWINCK, WERNER. 1425-1502. $8,000 - $12,000.
    Bonhams, May 5 and Apr. 27 – May 6: 1496 ❧ GREEK INCUNABLE. MANUTIUS, ALDUS. 1449-1515. $15,000 - $25,000
    Bonhams, May 5 and Apr. 27 – May 6: 1544 ❧ THE SQUARING OF THE CIRCLE. FINÉ, ORONCE. 1494-1555. $4,000 - $6,000
    Bonhams, May 5 and Apr. 27 – May 6: 1544 ❧ ONE OF THE MOST BEAUTIFUL SCIENTIFIC BOOKS OF THE RENAISSANCE. $12,000 - $18,000
    Bonhams, May 5 and Apr. 27 – May 6: 1544 ❧ RENAISSANCE CYPHERS AND REBUSES. PALATINO, GIOVANNI BATTISTA. 1515-1575. $3,000 - $5,000
    Bonhams, May 5 and Apr. 27 – May 6: 1588 ❧ "ONE OF THE MOST ELEGANTLY PRODUCED OF ALL TECHNOLOGICAL TREATISES." $15,000 - $25,000
    Bonhams, May 5 and Apr. 27 – May 6: 1618 ❧ THREE DUTCH EMBLEM BOOKS BY DANIEL HEINSIUS BOUND IN ONE. $5,000 - $8,000
    Bonhams, May 5 and Apr. 27 – May 6: 1710 ❧ A BEAUTIFULLY COLORED "PRINT BIBLE". BASNAGE, JAKOB. 1653-1723. $12,000 - $18,000
    Bonhams, May 5 and Apr. 27 – May 6: 1818 ❧ EARLY COLOR LITHOGRAPHY. BARTH, JOHANN AUGUST. 1765-1818. $8,000 - $12,000
    Bonhams, May 5 and Apr. 27 – May 6: 1896 ❧ KELMSCOTT CHAUCER: THE FINEST BOOK SINCE THE GUTENBERG BIBLE. $60,000 - $90,000
    Bonhams, May 5 and Apr. 27 – May 6: 1903 ❧ DOVES PRESS MAGNUM OPUS: THE DOVES BIBLE. $10,000 - $15,000
    Bonhams, May 5 and Apr. 27 – May 6: 1680 ❧ FREIBERG FÊTE BOOKS FROM THE GOURARY COLLECTION. $1,000 - $1,500
  • Gros & Delettrez, May 5: APRÈS de MANNEVILLETTE, Jean-Baptiste d’- Le Neptune Oriental.
    Gros & Delettrez, May 5: DELISLE, Guillaume – Atlas françois,1725.
    Gros & Delettrez, May 5: HONTER. SOPHOCLE - Recueil composite réunissant deux ouvrages.
    Gros & Delettrez, May 5: PHÉROTÉE DE LA CROIX, A. - Algemeene weereld-beschryving.
    Gros & Delettrez, May 5: LA PÉROUSE, Jean-François de Galaup de - Voyage autour du monde.
    Gros & Delettrez, May 5: BLAEU, Guillaume & Jean -Septième volume de la Géographie Blaviane.
    Gros & Delettrez, May 5: TATIKIAN, Boğos - Figures et costumes du Levant.
    Gros & Delettrez, May 5: GIRAULT DE PRANGEY, Joseph-Philibert -Monument arabes et moresques de Cordoue, Séville et Grenade.
    Gros & Delettrez, May 5: CHAMPOLLION le jeune. Monuments de l’Egypte et de la Nubie.
    Gros & Delettrez, May 5: CASSAS, Louis-François. - Voyage pittoresque de la Syrie, de la Phénicie, de la Palestine et de la Basse Egypte.
    Gros & Delettrez, May 5: SONNERAT, Pierre. Voyage aux Indes orientales et à la Chine.
    Gros & Delettrez, May 5: GARNIER, Francis. Voyage d'exploration en Indo-Chine.
    Gros & Delettrez, May 5: SUBERBIE, Alix (E. SMITH). Dessins et aquarelles de Madagascar.
    Gros & Delettrez, May 5: BYRON -Viage del comandante Byron.

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