• <b>Swann Auction Galleries:</b> Oscar Wilde, <i>“The secret of life is in Art,”</i> autograph quotation dated and signed, 1882. Sold for $15,600.
    <b>Swann Auction Galleries:</b> <i>Manhattan Gay Scene Guide 1969, Summer Edition,</i> Mattachine Book Service. Sold for $3,250.
    <b>Swann Auction Galleries:</b> Toyen, pen & ink illustration from <i>Marquis de Sade: Justina cili prokletí ctnosti,</i> 1932. Sold for $26,000.
    <b>Swann Auction Galleries:</b> Antonio Lopez, 9 men’s fashion studies, graphite, 1974. Sold for $6,500.
    <b>Swann Auction Galleries:</b> Harvey Milk, 2 autograph letters signed, to Pat Mormon, during US Navy service, 1954. Sold for $2,210.
    <b>Swann Auction Galleries:</b> Daniel Abraham, original art for <i>Stonewall Romances,</i> pen, ink & gouache, 1979. Sold for $3,000.
    <b>Swann Auction Galleries:</b> David Wojnarowicz, <i>Untitled (Genet with Dog),</i> mixed media collage. Sold for $27,500.
    <b>Swann Auction Galleries:</b> Susie Gaynes & Amy E. Bartell, <i>March on Washington for Lesbian and Gay Rights,</i> 1987. Sold for $1,188.
    <b>Swann Auction Galleries:</b> <i>Paris is Burning,</i> photo offset poster by Anne Dutlinger, signed by film director Jennie Livingston, 1991. Sold for $1,500.
  • <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> <i>All-Negro Comics</i> Issue #1, 1947. $4,000 to $6,000.
    <b>Cowan’s, Dec 3:</b> Early Memoir of a Black Hairdresser, 1859. $3,000 to $4,000.
    <b>Cowan’s, Dec 3:</b> First Edition <i>Letters of the Late Ignatius Sancho, An African,</i> 1782. $2,500 to $3,500.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> Bessie Coleman Aero News Vol. 1 Issue 1, May 1930, Signed by William J. Powell. $2,000 to $3,000.
    <b>Cowan’s, Dec 3:</b> Book of Poetry and Music by Formerly Illiterate Author Thomas Young, 1897. $6,000 to $8,000.
    <b>Cowan’s, Dec 3:</b> Cabinet Card of 24th Infantryman, Tombstone, Arizona Territory, circa 1882. $8,000 to $12,000.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> James Baldwin Portrait by Carl Van Vechten, 1955. $3,500 to $4,500.
    <b>Cowan’s, Dec 3:</b> <i>The Pacific Appeal</i> Newspaper, San Francisco, 1877. $3,000 to $5,000.
    <b>Cowan’s, Dec 3:</b> Only Known Copy <i>Spreading Joy,</i> Uplift History of African Americans in Los Angeles, 1937. $2,000 to $3,000.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> 1940 Los Angeles <i>The Official Central Avenue District Directory.</i> $2,000 to $3,000.
    <b>Cowan’s, Dec 3:</b> GRÉGOIRE, Henri (French, 1750-1831). <i>An Enquiry Concerning the Intellectual and Moral Faculties, and Literature of Negroes,</i> First American Edition, 1810. $1,500 to $2,500.
    <b>Cowan’s, Dec 3:</b> 1893 Indian Territory Album with Images of Tacky Grayson. $4,000 to $6,000.
  • <b><center>Gonnelli<br>December 1st<br>Antique and modern prints,<br>drawings and paintings</b>
    <b><center>Gonnelli<br>December 2nd<br>Photographs, autographs, musical works and manuscripts</b>
    <b><center>Gonnelli<br>December 3rd<br>Books from XV to XX Century</b>
    <b><center>Gonnelli<br>December 3rd<br>Mathematics books</b>
    <b><center>Gonnelli<br>December 3rd<br>Art books from Salvador Dalí<br>& others</b>
  • <center><b>Firsts Online Rare Book Fair<br> 27 November to 2 December<br><br> Presented by the Antiquarian Booksellers’ Association</b>

Rare Book Monthly

Articles - April - 2013 Issue

Barnes & Noble: Yesterday's Goliath Struggles to Survive

B&n04-13

If the typical, private bookseller is finding these to be complicated times for retail, then perhaps they can sympathize with their dreaded competitor from the 1990s, Barnes & Noble. Barnes & Noble swept through the new book business twenty years ago, leaving a string of failed private bookshops in their wake. Few could compete once the mega-store came to town, with its large selection, comfortable chairs for reading, coffee and pastries. For many, it was the booksellers' version of Wal-Mart vs. Main Street. We all know how that turned out.

Now, twenty years have passed, and it's Barnes & Noble that is fighting for its life. Amazon has stolen much of its sales by selling online. They do not carry the overhead of local stores, enabling them to sell for lower prices. Add to that Amazon's strategy of accepting low margins so as to dominate a business and it is hard for anyone to compete on price. With high volumes shipping from central locations, Amazon is also in the best position to stock the largest inventory and widest selection of titles. The tables have turned on B&N and now the world watches to see if they can find a way out of their predicament, or do they go the way of their once greatest rival, Borders.

As if this wasn't enough, a few years ago, Amazon began heavily promoting electronic books. They developed their Kindle e-reader and began selling e-books at prices even lower than their discounted print editions. A bad situation for B&N quickly became worse. A minority, but still significant percentage of book sales moved to this new, paper-free format.

So, Barnes & Noble reacted. They decided to go head to head with Amazon in this new form. That would not be easy – competing in a format even more suitable to internet retailing than was paper books, which had to be shipped. B&N's one advantage – instant gratification – would not be an advantage with e-books. Nonetheless, B&N felt they had one advantage – that of being able to display their e-readers and show customers how to use them. And then there was one more positive for B&N. Though this was not their field, they came out with a very good e-reader, one many consumers preferred to the Kindle. And, B&N quickly made their Nook even more – an electronic reader with features of a tablet computer, such as email and internet access. They had a product that could compete with Apple for the tablet market as well as Amazon for the e-reader market.

Barnes & Noble did a great job with this new medium, but still they suffered from one major disadvantage. B&N is small. They have nowhere near the financial clout of an Amazon or Apple. Their Nook was like Research in Motion's Blackberry competing against Apple's iPhone for the smart phone market. Or, like Main Street competing against Wal-Mart for retail goods. Size matters. It is hard to compete against the behemoths, and besides which, not many people thought of Barnes & Noble as a technology company. Sales early on were very good for the Nook, but as time has gone by, sales have declined, even if it is a very nice product. Sales of Nook e-readers and e-books dropped by 25% during the most recent holiday season. B&N simply does not have comparable marketing prowess to the giants.

Sales have slipped despite a sizable cash investment last year by Microsoft. B&N separated its Nook division from the rest of its business, drawing in $300 million from Microsoft, which is belatedly trying to catch Apple in the latest technology. If you had owned Barnes & Noble's stock before the Microsoft investment, you could have doubled your money when that news was announced. However, it has not been enough to stem the tide, and most of those gains in the company's stock disappeared as the year wore on. Meanwhile, Microsoft has developed its own tablet, though it is hardly setting the world on fire.

What is next for Barnes & Noble? There are lots of rumors. Reports are that B&N's founder and Chairman, Leonard Riggio, is contemplating making a bid for just the stores. The stores, though struggling, are still profitable and their all-important cash flow is positive. The Nook division, however, is losing money and burning cash, though it is a participant in tomorrow's technology, rather than yesterday's retailing. However, the losses have not stopped B&N from entering new deals with several Hollywood studios to obtain rights to videos for display on their Nooks. It's full speed ahead, even while losses mount. Some have speculated that Microsoft might make a bid for for the rest of the Nook division (it owns 16.8% already). Of course, by the time Microsoft gets around to investing in new technology, it's old technology. Can a PC-focused company save the Nook when it is unclear PCs can save themselves? Curiouser and curiouser!” cried Alice.

Rare Book Monthly

  • <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>Latin and French Book of Hours, around 1490. Est: € 20,000
    <b>Ketterer Rare Books, Nov. 30:</b><br> P. Goos, <i>Le Grand Miroir de la Mer,</i> 1669. Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>L. Feininger, Letter with woodcuts, 1920. Est: € 25,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>Latin Bible manuscript, 12th century. Est: € 20,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>M. E. Bloch, <i>Naturgeschichte der Fische,</i> 1782-95. Est: € 40,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>M. Chagall, <i>Daphnis & Chloé,</i> 1961. Est: € 90,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>L. J. Waghenaer, <i>Speculum nauticum,</i> 1586. Est: € 180,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>P. J. de Pannemaeker, Collection of orig. watercolors, 1878-1887.<br>Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>G. Klimt, <i>Das Werk,</i> 1918.<br>Est: € 15,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br><i>Livro dos prestimonios,</i> Manuscript, 1665. Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>W. Kandinsky, <i>Klänge,</i> 1913.<br>Est: € 18,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>J. Miró in J. Cassou, <i>Vingt-deux poémes,</i> 1978. Est: € 8,000
  • <center><b>Sotheby’s<br>Music, Continental Books<br>and Medieval Manuscripts<br>24 Nov. – 1 Dec. 2020<br>Online</b>
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>F. Schubert. Autograph letter to his brother Ferdinand, 4 pages, Zseliz, 1818. £80,000 to £120,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>L. v. Beethoven. Fine autograph letter to his librettist Friedrich Treitschke, about their planned opera, 1815. £70,000 to £90,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Hermann Hesse, Highly important series of 62 letters and postcards to Stefan Zweig, 1903-1938. £60,000 to £80,000.
    <center><b>Sotheby’s<br>Music, Continental Books<br>and Medieval Manuscripts<br>24 Nov. – 1 Dec. 2020<br>Online</b>
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Book of Hours, Use of Reims, illuminated manuscript on vellum [France, late 15th century]. £40,000 to £60,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Armenian gospel book, illuminated manuscript on vellum, seventeenth century, tooled calf binding. £7,000 to £10,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>C. Goldoni. Ten autograph letters signed to the Genoese nobleman Cristoforo Spinola, Venice 1742-1743. £7,000 to £9,000.

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