Rare Book Monthly

Articles - January - 2013 Issue

The Arader Sale:  Learning the Hard Way

Guernsey81

Lot 81, Natural History makes history.

The Arader auction of maps, rare books and natural history engravings, watercolors and color plate books at Guernsey’s on December 5th has come and gone and the sale, much discussed ahead, is now the sale much dissected.  It was both a flagship success and a serious failure depending on your perspective.  It was a success because it raised two million dollars.  It was a failure because the total low estimate of all lots was $12 million.  It was arguably three sales and two events [morning and afternoon sessions], divided 46%/54% between unreserved and reserved lots.  One hundred and thirty-three lots sold, 108 with estimates of $10,000 and less, 25 of the remaining 161 lots with estimates over $10,000.

The sale was conducted by Guernsey’s on behalf of and on the premises of Arader Galleries at their 1016 Madison Avenue New York location.

The 294 lots were divided in 5 categories –

Audubon Plates and Books.  82 lots offered and 70 sold

Natural History.  68 lots offered and 21 sold

Maps, Globes and Atlases.  52 lots offered and 13 sold

New York Views and Maps.  60 lots offered and 20 lots sold

American and European Oil Paintings.  32 lots offered and 9 sold

In the weekly auction report issued by AE on – for the week ending December 8th this sale ranked 3rd by dollar volume among the 38 sales archived - $2,258,342.  By another measure however it was disappointing.  The total of the low estimates of all 294 lots was $12,803,000, the sale as a percentage of the total high estimate, a number we track across all completed sales every week, 17.6%, an extremely low percentage.  Auctions routinely sell 70% to 75%.

In some respects the sale was unique.  It was essentially a store sale conducted as an auction.  To do this a catalogue under the auspices of Guernsey’s was issued.  In it the Arader Gallery identified material and provided estimates that, for most lots with high estimates greater than $10,000, turned out to be more than bidders were prepared to pay.


Posted On: 2013-01-01 00:00
User Name: andyboybooks

Excellent Article.


Posted On: 2013-01-02 00:00
User Name: bfgrp

Once again, Graham Arader bravely has defied convention, conducting an auction at his premises, under his auspice. This innovative hallmark of indep


Posted On: 2013-01-02 00:00
User Name: bfgrp

Once again, Graham Arader bravely has defied convention, conducting an auction at his premises, under his auspice. This innovative hallmark of indep


Posted On: 2013-01-02 00:00
User Name: bfgrp

Once again, Graham Arader bravely has defied convention, conducting an auction at his premises, under his auspice. This innovative hallmark of indep


Rare Book Monthly

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    <b>Ketterer Rare Books, Nov. 29:</b> Latin Book of Hours, Langres around 1490. Est: €50,000
    <b>Ketterer Rare Books, Nov. 29:</b><br>T. Livius, <i>Römische Historien,</i> 1533. Est: €12,000
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    <b>Ketterer Rare Books, Nov. 29:</b><br><i>Der Sturm,</i> 1910-1916. Est: €16,000
    <b><center> Ketterer Rare Books<br>Auction on November 29th</b>
    <b>Ketterer Rare Books, Nov. 29:</b> <i>Cronica van der hilliger Stat Coellen,</i> 1499. Est: €25,000
    <b>Ketterer Rare Books, Nov. 29:</b><br>M. Catesby, <i>Piscium serpentum insectorum,</i> 1777. Est: €25,000
    <b>Ketterer Rare Books, Nov. 29:</b><br>W. Grohmann, <i>Das Werk Ernst Ludwig Kirchners,</i> 1926. Est: €20,000
    <b><center> Ketterer Rare Books<br>Auction on November 29th</b>
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    <b>Ketterer Rare Books, Nov. 29:</b> <i>Estampes,</i> with the suite by P. Picasso, 1950. Est: €15,000
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    <b>Sotheby’s, Nov. 18:</b> The "Official Edition" of the United States Constitution and the First Printing of the Final Text of the Constitution, 1787. $15,000,000 to $20,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Marinetti, Filippo Tommaso. I Paroliberi Futuristi. 1914-1915. 8 p. Unique corrected proofs, for an anthology that remained unpublished. €40,000 to €60,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Cangiullo, Francesco. Studenti in Lettere. Università. 1915. Seminal work, featured in 3 historical futurist exhibitions. €20,000 to €30,000.
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    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 47. Roosevelt, Theodore. Photograph inscribed to Morris J. Hirsch. May 7th 1918. $1,500 to $2,500.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 178. Whitman, Walt. <i>Leaves of Grass.</i> Brooklyn, New York: [Printed for the author], 1955. First edition in the first issue binding. $70,000 to $100,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 38. Mather, Cotton. <i>Magnalia Christi Americana; or, the Ecclesiastical History of New-England.</i> London: Printed for Thomas Parkhurst, 1702. First edition. $3,000 to $5,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 55. Taylor, Zachary. Autograph letter signed as President-Elect. Baton Rouge: January 15, 1849. $5,000 to $8,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 203. Picasso, Pablo. <i>Verve</i> Vol. V, Nos. 19-20. Paris: Editions Verve, 1948. Inscribed on the title page by Picasso. $1,500 to $2,500.
    <b><center>Doyle<br>Rare Books, Autographs & Maps<br>December 9</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 211. Domergue, Jean-Gabriel. L'Ete a Monte Carlo. Lithographed poster, Lucien Serre & Cie, Paris, circa 1937. $1,000 to $1,500.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 105. Manuscript Illumination attr. to Neri da Rimini. Large excised initial "N" from a choirbook, extensively historiated. [Likely Rimini: first quarter of the 14th century]. $2,000 to $3,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 40. McKenney, Thomas L. and Hall, James. <i>History of the Indian Tribes of North America, with Biographical Sketches and Anecdotes of the Principal Chiefs.</i> Philadelphia: Rice, Rutter & Co., 1870. $3,00
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  • <i>Der Sturm.</i> 1922. Sold October 2021 for € 13,000.
    Diophantus Alexandrinus, <i>Arithmeticorum libri sex.</i> 1670. Sold October 2021 for € 18,000.
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    Newton Isaac, <i>Philosophiae naturalis principia mathematica.</i> 1714. Sold October 2021 for € 7,500.
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  • <center><br>Swann Auction Galleries<br>Maps & Atlases<br>Natural History<br>& Color Plate Books<br>December 9, 2021</b>
    <b>Swann, Dec. 9:</b> AUDUBON, JOHN JAMES. Carolina Parrot. Plate 26. Hand-colored aquatint and engraved plate from Audubon's <i>Birds of America.</i> $80,000 to $100,000.
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    <center><br>Swann Auction Galleries<br>Maps & Atlases<br>Natural History<br>& Color Plate Books<br>December 9, 2021</b>
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