Rare Book Monthly

Articles - June - 2012 Issue

The Last Book Sale – Larry McMurtry to Auction 300,000 Books

Lastbooksale

Keep your eyes open for an enormous book auction in a very small town this summer. On August 10 and 11, Addison & Sarova Auctioneers will be conducting an on-site sale of inventory from Larry McMurtry's Booked Up store in Archer City, Texas. Before anyone gets disheartened over Mr. McMurtry leaving the business, he isn't. As he explains, he is “just downsizing.” At the age of 75, he believes it's time to share the stock, although even after reducing it by two-thirds, he will still have one of the larger inventories in the book trade.

Currently, the Booked Up inventory is housed in four large buildings. The first building contains about 140,000 titles, the remaining three buildings around 100,000 each. It is only the stock in buildings 2-4 that will be put up for sale. Mr. McMurtry will continue to operate the business from the main location.

Mr. McMurtry is almost as much of a legend in the book selling field as he is among the reading and viewing public for his novels and screenplays. The auction's title, The Last Book Sale, is a play on the overlapping careers, reminiscent of The Last Picture Show, one of Mr. McMurtry's novels set in “Thalia,” a town not unlike Archer City. Had Mr. McMurtry returned to Thalia/Archer City a bit sooner, the young folk never would have wanted to leave. There would have been plenty of jobs for Duane and Sonny managing those 450,000 titles. Jacy, still looking beautiful as Cybil Shepherd, would be helping customers find the perfect book.

Larry McMurtry has been selling books almost as long as he has been writing them. Forty-one years, he points out. The original store was in Georgetown, but in 1986, he opened up a second store in Archer City, his hometown. Later, the Georgetown store closed. He explains that operating a book shop in Georgetown had become too costly. It's no surprise property is less expensive in Archer City.

Now, a small, rural town in North Texas does not sound like an ideal location for a book store, particularly one handling close to half a million volumes. The closest city, as his readers will recall, is Wichita Falls. Since Booked Up holds four to five times as many books as the population of Wichita Falls, a wider audience than that was always required. Fortunately, he points out, “people like to travel.” Travel they do. Customers come from all across America, Europe, and as far away as Australia and even China. Some are regulars. Undoubtedly, it is Mr. McMurtry's reputation that plays the major role in drawing customers from so far, though he gives the credit to his “long-time great staff.”

A few years back, there were reports on the newswires that Mr. McMurtry was closing the Archer City store. The story was that competition from the online sites was making it impossible to run a traditional bookstore. He said that he considered the idea for “about 20 minutes,” but was never serious about locking the doors. He explains, “I don't pay much attention to Amazon or AbeBooks.” His focus is on traditional bookselling, and he remains committed to the concept. In fact, it is his hope that many of the large lots of books offered at his sale find their way into the hands of young booksellers. “Young dealers have a chance to get some good stock.” He purchased the inventory of 26 bookshops and hundreds of private collections along the way, and is hopeful he can provide a starting point for some of the next generation. He believes this sale will offer an indication of how committed that next generation of booksellers is.

As with competition from online sellers, Mr. McMurtry is not terrible concerned about competition from electronic books either. They have their place, but he does not believe they will replace the printed word.

With some 300,000 – 350,000 books going up for auction, most, naturally, will be sold as shelf lots. This explains why Mr. McMurtry considers the auction a great opportunity for young booksellers. Asked whether most books are collectible or reading copies, he emphatically states, “most of what we have is collectible.” This is not to say that it is all expensive material too good for reading. No one has 350,000 books appropriate for the rare book rooms. What he means is that the condition of his books, and the interest of their content, be they more recent or old, is at a high level. “We purge twice a year,” he explains, removing books whose condition or interest is unsuitable for the shop. It is not so much that every book is a great book as it is that they make a point not to have “bad” books. “We are picky.”

In terms of fields, with the quantity being offered, you would expect a wide variety of material to be available. “We have good holdings in just about anything you want to name,” he points out.

The almost half a million books at the store are not all of the books Larry McMurtry owns. He also has a personal collection, which he estimates at around 28,000 volumes. It represents 55 years of collecting. He describes it as a “general humanistic library,” with a good deal of reference material. “I have used it. It educates me,” he explains. Mr. McMurtry has received many of his books in his role as a reviewer over the years. As to what he plans long term for his personal collection, that is not a decision he is ready to make at this time.

Mr. McMurtry has set aside just 100 books to be auctioned off as individual lots. These are not necessarily the 100 “best,” if best means the most expensive. They are just a sampling of items he finds interesting, available for those not looking to purchase entire shelves. He rejected the idea of pulling the best books off of the shelves to be sold separately. The plan is to make sure the shelf lots contain plenty of valuable books.

For those interested in what promises to be one of the greatest events in the book selling field in years, Addison & Sarova is providing detailed information on their website. While the sale itself will be held on Friday and Saturday, August 10 and 11, viewing begins on Friday, August 3. Books can be viewed everyday except Sunday, from 10:00 a.m. - 5:00 p.m., until the sale. Those interested in the shelf lots should stop by in advance to see what books are on those shelves.

The sale itself promises to be an exciting event for all. Snacks and drinks will be provided to bidders during the sale (Texas is quite warm in August), and there will be a one-hour break for lunch. The auction will be conducted from 10:00 a.m. - 7:00 p.m. each day. On Friday (August 10), approximately 930 lots will be sold, including the “McMurtry 100” single book lots. On Saturday, another 615 shelf lots will be sold, along with a large sign. That is the Goodspeed's sign. Years ago, Mr. McMurtry picked up the sign that hung on the legendary Goodspeed's shop in Boston. Goodspeed's career roughly paralleled the Twentieth Century.

The Addison & Sarova website also provides information about which airports to use (Wichita Falls is about 25 minutes away, Dallas 2 hours), where to stay, where to rent a car, even where to rent a truck.

The link to “The Last Book Sale” on the Addison & Sarova website is found here: addisonsauction.com/thelastbooksale.html.

Rare Book Monthly

  • <b>Swann Auction Galleries Mar 10:</b> Francis Scott Key, <i>Star Spangled Banner,</i> first printing, c. 1814-16. $8,000 to $12,000.
    <b>Swann Auction Galleries Mar 10:</b> William Sydney Porter, a.k.a. “O. Henry,” archive of drawings made to illustrate a lost mining memoir, c. 1883-84. $30,000 to $40,000.
    <b>Swann Auction Galleries Mar 10:</b> [Bay Psalm Book], printed for Hezekiah Usher of Boston, Cambridge, c. 1648-65. $50,000 to $75,000.
    <b>Swann Auction Galleries Mar 10:</b> Book of Mormon, first edition, Palmyra, 1830. $40,000 to $60,000.
    <b>Swann Auction Galleries Mar 10:</b> <i>Noticia estraordinario,</i> probable first announcement in Mexico City of the fall of the Alamo, 1836. $40,000 to $60,000.
    <b>Swann Auction Galleries Mar 10:</b> Patrick Gass, first edition of earliest first-hand account of the Lewis and Clarke expedition, Pittsburgh, 1807. $6,000 to $9,000.
    <b>Swann Auction Galleries Mar 10:</b> Diploma from the Princeton Class of 1783, commencement attended by Washington & Continental Congress. $10,000 to $15,000.
    <b>Swann Auction Galleries Mar 10:</b> <i>Sprague Light Cavalry!</i> color-printed broadside, NY, 1863. $5,000 to $7,500.
    <b>Swann Auction Galleries Mar 10:</b> <i>The Lincoln & Johnson Union Campaign Songster,</i> Philadelphia, 1864. $3,000 to $4,000.
    <b>Swann Auction Galleries Mar 10:</b> Lucy Parsons, labor organizer, albumen cabinet card, New York, 1886. $800 to $1,200.
    <b>Swann Auction Galleries Mar 10:</b> Daniel L.F. Swift, journal as third mate on a Pacific Whaling voyage, 1848-1850. $3,000 to $4,0000.
    <b>Swann Auction Galleries Mar 10:</b> Two photos of Thomas Moran, Grand Canyon, silver prints, 1901. $1,500 to $2,500.
  • <b>Morton Subastas, Feb 25:</b> Nebel, Carl. The War Between the United States and Mexico. New York, 1851. $270,000 - $300,000 MXN / USD $15,000 - $16,666
    <b>Morton Subastas, Feb 25:</b> Nebel, Carl. The War Between the United States and Mexico. New York, 1851. $270,000 - $300,000 MXN / USD $15,000 - $16,666
    <b>Morton Subastas, Feb 25:</b> Bolaños, Joaquín. La Portentosa Vida de la Muerte... (“The Portentous Life of Death”) México, 1792. $50,000 - $60,000 MXN / USD $2,777 - $3,333
    <b>Morton Subastas, Feb 25:</b> Tratado de Paz… entre la República Mexicana y los Estados Unidos. (“Treaty of Peace… Between the Mexican Republic and the United States”) 1848. $80,000 - $90,000 MXN / USD $4,444 - $5,000
    <b>Morton Subastas, Feb 25:</b> Fabregat, Josep Joaquín. Vista de la Plaza de México… (“View of the Square of Mexico”) México, 1797. $60,000 - $100,000 MXN / USD $3,333 - $5,555
    <b>Morton Subastas, Feb 25:</b> Hidalgo y Costilla, Miguel. Invitación al Coronel Narciso de la Canal… (“Invitation to Coronel Narciso de la Canal…”) 1810. $170,000 - $200,000 MXN / USD $9,444 - $11,111
    <b>Morton Subastas, Feb 25:</b> Gálvez, Joseph de. Real Cédula de Erección de la Compañía de Filipinas. (“Royal Notice of the Creation of the Company of the Philippines”) 1785. $40,000 - $60,000 MXN / USD $2,222 - $3,333
    <b>Morton Subastas, Feb 25:</b> Colección de Constituciones de los Estados Unidos Mexicanos (“Collection of Constitutions of the United Mexican States”) México, 1828. $50,000 - $60,000 MXN / USD $2,777 - $3,333
    <b>Morton Subastas, Feb 25:</b> Ruelas, Julio. Poemario Manuscrito Ilustrado, Dedicado a Lorencita Braniff (“Collection of Illustrated Poem Manuscripts, Dedicated to Lorencita Braniff”). 1903. $60,000 - $70,000 MXN / USD $3,333 - $3,888
    <b>Morton Subastas, Feb 25:</b> Espinosa de los Monteros, Juan J. Aviso de la Junta Soberana al Público (“Notice of the Sovereign Meeting to the Public”) 1821. $60,000 - $80,000 MXN / USD $3,333 - $4,444
    <b>Morton Subastas, Feb 25:</b> Constitución Federal de los Estados Unidos Mexicanos... (“Federal Constitution of the United Mexican States”) México, 1824. $140,000 - $150,000 MXN / USD $7,777 - $8,333
    <b>Morton Subastas, Feb 25:</b> Alcaraz, Ramón. Apuntes para la Historia de la Guerra entre México y los EU (“Notes on the History of the War between Mexico and the United States”). 1848. $40,000 - $50,000 MXN / USD $2,222 - $2,777
  • <b>Bonhams, Mar. 6:</b> Helvelius. Two Autograph Letters Signed to Francis Aston, Royal Society Secretary, noting his feud with Robert Hooke, 5 pp total, 1685. $70,000 to $100,000.
    <b>Bonhams, Mar. 6:</b> Newton, Isaac. Autograph manuscript on God, 4 pp, c.1710, "In the beginning was the Word...."?$100,000 to $150,000.
    <b>Bonhams, Mar. 6:</b> Beethoven's Ninth Symphony. First edition, first issue. Untrimmed copy in contemporary boards. $30,000 to $50,000.
    <b>Bonhams, Mar. 6:</b> Lincoln, Abraham. Signed photograph, beardless portrait with Civil War provenance. $80,000 to $120,000.
    <b>Bonhams, Mar. 6:</b> IMPEACHMENT. Original engrossed copy of the first Andrew Johnson impeachment resolution vote. $120,000 to $180,000.
    <b>Bonhams, Mar. 6:</b> Mucha, Alphonse. 11 original pencil drawings for?<i>Andelicek z Baroku,</i> "Litte Baroque Angel," Prague, 1929. $10,000 to $15,000.
    <b>Bonhams, Mar. 6:</b> Einstein, Albert. Annotated Galley Proofs for <i>The Meaning of Relativity.</i> 1921. $25,000 to $35,000.
    <b>Bonhams, Mar. 6:</b> Silverstein, Shel. Original maquette for <i>The Giving Tree,</i> 34 original drawings. $10,000 to $15,000.
    <b>Bonhams, Mar. 6:</b> Roth, Philip. Typed Manuscript with substantial autograph corrections for an unpublished sequel to <i>The Breast.</i> $10,000 to $15,000.
    <b>Bonhams, Mar. 6:</b> Taupin, Bernie. Autograph Manuscript, the original draft of lyrics for Elton John's "Candle in the Wind," 2 pp, 1973. $100,000 to $150,000.
    <b>Bonhams, Mar. 6:</b> HARVEY, WILLIAM. <i>De Motu Cordis et Sanguinis in Animalibus Anatomica Exercitatio.</i> Padua: 1643. $12,000 to $18,000.
    <b>Bonhams, Mar. 6:</b> CESALPINO, ANDREA. <i>Peripateticarum Quaestionum Libri Quinque.</i> Venice: 1571. $30,000 to $40,000.
  • <b>ALDE, Feb. 26:</b> Leon TOLSTOÏ. <i>Anna Karenina.</i> Moscou, 1878. First and full edition of the Russian novel, in the author’s language.<br>Est. 3 000 / 4 000 €
    <b>ALDE, Feb. 26:</b> Mark TWAIN. <i>Adventures of Huckleberry Finn (Tom Sawyer's comrade).</i> New York, 1885. First American edition.<br>Est. 5 000 / 6 000 €
    <b>ALDE, Feb. 26:</b> Walt WHITMAN. <i>Leaves of Grass.</i> Brooklyn, New York, 1856. Second edition gathering 32 poems. Est. 3 000 / 4 000 €
    <b>ALDE, Feb. 26:</b> Karen BLIXEN. <i>Out of Africa.</i> Londres, 1937. First edition in the UK, before Danish translation and American release.<br>Est. 1 500 / 2 000 €
    <b>ALDE, Feb. 26:</b> Ernest HEMINGWAY. <i>A Farewell to Arms.</i> New York, 1929. First edition with $2.50 on the dust and A on the copyright page.<br>Est. 2 000 / 3 000 €
    <b>ALDE, Feb. 26:</b> James JOYCE. <i>Ulysses.</i> Paris, Shakespeare and Company, 1922. First edition published by Sylvia Beach. Est. 3 000 / 4 000 €
    <b>ALDE, Feb. 26:</b> James JOYCE. <i>Dubliners.</i> Londres, 1914. First edition. Nice copy in publisher’s cardboard. Est. 2 000 / 3 000 €
    <b>ALDE, Feb. 26:</b> Franz KAFKA. 8 novels in German first edition, published in München, Leipzig and Berlin 1916-1931. Est. from 300 / 400 to 2 000 / 3 000 €
    <b>ALDE, Feb. 26:</b> David Herbert LAWRENCE. <i>Lady Chatterley's Lover.</i> Florence, 1928. Privately printed first edition. Est. 4 000 / 5 000 €
    John STEINBECK. <i>The Grapes of Wrath.</i> New York, 1939. First edition. Nice copy with $2.75 on the cover. Est. 1 000 / 1 200 €
  • <center><b>University Archives<br>Autographs, Books & Relics Including Kerouac Estate<br>& Hemingway<br>February 26, 2020</b>
    <b>University Archives, Feb. 26:</b> Ernest Hemingway's Typewriter Used to Write "A Moveable Feast", Impeccable Provenance From His Biographer A. E. Hotchner. $50,000 to $100,000.
    <b>University Archives, Feb. 26:</b> Samuel Colt, "The Gun that Won the West": 3 Signed Patent Items for "Revolving Cylinder Guns". $40,000 to $50,000.
    <b>University Archives, Feb. 26:</b> Jack Kerouac's Own Typewriter From His Estate Used to Write His Very Last Book. $18,000 to $20,000.
    <center><b>University Archives<br>Autographs, Books & Relics Including Kerouac Estate<br>& Hemingway<br>February 26, 2020</b>
    <b>University Archives, Feb. 26:</b> Rare Force Engraving of the Declaration of Independence Printed in 1848. $15,000 to $18,000.
    <b>University Archives, Feb. 26:</b> Superb Tchaikovsky ALS to Napravnik, 4pp on "Mazeppa". $12,000 to $15,000.
    <b>University Archives, Feb. 26:</b> Wounded Knee Massacre Same Day Eyewitness Account by Participant, "the 7th needn't be ashamed of today's record". $10,000 to $12,000.
    <center><b>University Archives<br>Autographs, Books & Relics Including Kerouac Estate<br>& Hemingway<br>February 26, 2020</b>
    <b>University Archives, Feb. 26:</b> F. Scott Fitzgerald Signed Gordon Bryant Portrait -- Finest Known. $8,000 to $9,000.
    <b>University Archives, Feb. 26:</b> Neil Armstrong ALS on NASA Letterhead Regarding His X-15 Flights. $7,000 to $8,000.
    <b>University Archives, Feb. 26:</b> M. Gandhi Letter: "the life span of human beings is preordained..." -- Fantastic Spiritual Content. $7,000 to $8,000.
    <center><b>University Archives<br>Autographs, Books & Relics Including Kerouac Estate<br>& Hemingway<br>February 26, 2020</b>
    <b>University Archives, Feb. 26:</b> "Damn the torpedoes!" Riveting 24pp ALS of Admiral Farragut's Steward Describing the "Battle of Mobile Bay”. $6,000 to $7,000.
    <b>University Archives, Feb. 26:</b> Abraham Lincoln Signed Order to Suspend Execution. $5,000 to $6,000.
    <b>University Archives, Feb. 26:</b> Napoleon DS Featuring Imperial Eagle and Enormous Great Seal Appointing Norman Politician Baron of the Empire. $4,000 to $5,000.

Article Search

Archived Articles

Ask Questions