Rare Book Monthly

Articles - January - 2013 Issue

The AED at Four Million

Aed growth and cost per record

Charting the AED's growth, and cost per record

The AED, the Americana Exchange Database of books, manuscripts, maps and ephemera offered at auction, described by leading dealers, explained in important bibliographies or included in collector catalogues, in mid December last, passed by 4,000,000 full text records.   It seems a distant idea, something like a meteor passing by that we note but hardly notice because the progress seems so inevitable.  The AED, initially a satellite launched into low orbit with 151,000 records, over the past ten years has become a galactic exploration, the goal now clear – to record every appearance and every outcome at auction world-wide for the period 1875 to yesterday.  Its number, allowing for two million dealer and bibliographic records, is ten million and will provide a seamless history of descriptions, prices or outcomes from which to estimate value, rarity and probability of reappearance.  At four million the AED already provides 8 to 12 times as many results as any alternative database, not only because we have more records but also because our records include every scrap of data we can confirm – particularly seller and buyer names that often have to be separately determined.  Increasingly we are adding images if they are available.

The path ahead, from 4 to 10 million, is generally understood.  We have in hand the next 2 million records, they the outcome of aggressive purchasing over the past 20 years.   And we have also been lent some runs and they too are entering the AED.  Additional archives arrive periodically.

The cost of the AED has of course increased since its introduction in 2002 but the cost per record dropped by 87%.  Ten years ago it cost $74.50 for 151,000 records, today $265 for 4,000,000.  As our accountant points out we are providing almost 27 times as many records for 3.5 times the initial cost.  But while cost is important we believe that completeness is crucial.   Our goal is to provide a single lightning fast search of all identified and confirmed records.  For this we have a way to go but are already far deeper into the compilation of such a database than we or anyone else ever expected.
  

So over the next 2 years expect that the AED will approach 60% of all auction records for the period 1875 to yesterday and in the following 3 years 80%.  We will face challenges but they will be worth it.  The impossible is becoming the likely.

To those who are members we say thank you for your continuing support.  To those who are not yet on board we suggest the transparency is compelling.  It can be fun to muck around in the dark but for efficient buying and selling clarity always trumps guess work.
                                            

The attached graph shows how the AED, now in its 11th year, has evolved.  At its outset in the fall of 2002 we provided 151,000 records for $74.50.  We reached 500,000 in 2003, a million in 2004 [$141.60], 1,500,000 in 2006 and 2,000,000 in 2008.   In 2010 we passed 3,000,000 [$185.00], Jan AEM 2013 and this past December 4,000,000 [$265].  We are now focused on adding another million in 2013 and another in 2014.  As we do this we are also rebuilding the site and the databases to handle higher traffic and more complex searches.   We have learned that when you provide more possibilities an audience emerges to use them.

We believe that clarity defines the future of collecting.

Rare Book Monthly

  • <b>Bonhams, Jun 13 results:</b> Darwin, Charles. <i>On the Origin of Species.</i> Presentation Copy. Sold for $500,075.
    <b>Bonhams, Jun 13 results:</b> Darwin, Charles. Autograph Letter Signed, 3 pp, negotiating the 2nd American edition with Appleton. Sold for $21,325.
    <b>Bonhams, Jun 13 results:</b> Hemingway, Ernest. Autograph Letter Signed, 8 pp, Paris, 1924, to his father discussing Bullfighting, Stories, and his new baby. Sold for $25,075.
    <b>Bonhams, Jun 13 results:</b> Shakespeare, William. <i>Corialanus.</i> London, 1623. 1st printing [Extracted from the First Folio]. Sold for $50,075.
    <b>Bonhams, Jun 13 results:</b> Swift, Jonathan. <i>Gulliver's Travels.</i> London, 1726. 1st edition, Teerink's A edition, fine, large copy. Sold for $21,325.
    <b>Bonhams, Jun 13 results:</b> Fitzroy, Robert. Autograph Letter Signed to agent Thomas Stilwell, informing him of the progress of H.M.S. Beagle. Sold for $17,575.
    <center><b>Bonhams<br> Property from the Collection of Nicole and William R. Keck II</b>
    <b>Bonhams, Jun 13 results:</b> Shakespeare, William. <i>Sonnets.</i> 1901. 2 volumes. Printed on vellum and illuminated by Ross Turner, bound by Trautz-Bauzonnet. Sold for $13,825.
    <b>Bonhams, Jun 13 results:</b> Beardsley, Aubrey. <i>The Birth, Life, and Acts of King Arthur.</i> 1893-94. 2 volumes. Contemporary painted vellum gilt by Chivers. Sold for $5,325.
    <b>Bonhams, Jun 13 results:</b> Assisi, St. Francis. <i>The Canticle of Brother Sun.</i> Illuminated on vellum, for the Grolier Society. Sold for $7,575.
    <b>Bonhams, Jun 13 results:</b> Rackham, Arthur. <i>Peter Pan in Kensington Gardens.</i> 1/500 copies signed by Rackham. Sold for $4,825.
    <b>Bonhams, Jun 13 results:</b> Proust, Marcel. <i>Du coté de chez Swann.</i> 1st edition, 1st issue. Inscribed by Proust. Sold for $8,825.
  • <b>Swann Auction Galleries:</b> Ian Fleming, <i>Goldfinger,</i> first edition, inscribed to Sir Henry Cotton, MBE, London, 1959. Sold for $25,000.
    <b>Swann Auction Galleries:</b> Joseph Brant, Mohawk Chief, ALS, writing after pledging support to King George III against American rebels, 1776. Sold for a record $35,000.
    <b>Swann Auction Galleries:</b> Sonia Delaunay, <i>Ses Peintures</i> . . ., 20 pochoir plates, Paris, 1925. Sold for a record $13,750.
    <b>Swann Auction Galleries:</b> Diana, Princess of Wales, 6 autograph letters signed to British <i>Vogue</i> editor, 1989-92. Sold for $10,400.
    <b>Swann Auction Galleries:</b> Alexander Hamilton, ALS, as Secretary of the Treasury covering costs of the new U.S. Mint, 1793. Sold for $12,500.
    <b>Swann Auction Galleries:</b> Benjamin Graham & David L. Dodd, <i>Security Analysis,</i> first edition, inscribed by Graham to a Wall Street trader, NY, 1934. Sold for $20,000.
    <b>Swann Auction Galleries:</b> George Barbier & François-Louis Schmied, <i>Personnages de Comédie,</i> Paris, 1922. Sold for $9,375.
    <b>Swann Auction Galleries:</b> Alphonse Mucha, <i>Ilsée, Princesse de Tripoli,</i> Paris, 1897. Sold for a record $13,000.
    <b>Swann Auction Galleries:</b> Ralph Waldo Emerson, <i>The Dial,</i> first edition of the reconstituted issue, Emerson’s copy with inscriptions, Cincinnati, 1860. Sold for a record $3,250.
  • <b>Mayfair Book Auctions, July 17:</b><br>Lot 14. [CRIMEAN WAR] HAMLEY. <i>The Story of the Campaign of Sebastopol.</i> 1855. £150 to £200
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 17. JONGH & D'ALMEIDA. <i>L’armee Russe...</i> c.1898. Colour plates and many illustrations. £500 to £600
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 18. [RUSSIA] LE PRINCE. <i>Oeuvres. 1782.</i> Rare folio format with 80 etchings and 74 aquatints. £4000 to £6000
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 21. [RUSSIA] MORNAY. Set of 8 hand-coloured aquatints of carriages, sleighs and occupants. c.1825. £1200 to £1800
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 33. BOWDICH. <i>Excursions in Madeira and Porto Santo.</i> 1825. A fine copy. £800 to £1200
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 37. QUIN. <i>An Historical Atlas.</i> 1836. 2nd edn, 21 hand-coloured maps revealing civilisation. £800 to £1200
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 39. LE BRUN. <i>Voyages [...] par la Moscovie, en Perse...</i> 1718. 300+ engravings, panorama. £4500 to £5500
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 48. BRIERLY. <i>The English and French fleets in the Baltic.</i> 1855. Colour lithographs. £7000 to £9000
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 60. DELLA VALLE. <i>Reise Beschreibung... in Turckey, Egypten, Palestina[...].</i> 1674. £1500 to £2000
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 77. MURRAY, Mrs. Watercolour Album of Heaths. c.1860. 55 original watercolours. £750 to £1000
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 91. ADDISON. <i>Works...</i> 1721. 4 vols, large paper copy, English red morocco. £2500 to £3500
    <b>Mayfair Book Auctions, July 17:</b><br>Lot 96. HOLBEIN. Imitations of original drawings. 1792-1800. Exceptional copy. £4000 to £6000

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