• <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Extremely rare, signature of Patrick Ferguson, famed rifle inventor and British officer. $20,000 to $40,000.
    <b>Morphy Auctions, May 27:</b> 1776 Battle of Sullivan's Island watercolor, attributed to James Peale. 11 1/2 x 17 3/16. $10,000 to $25,000.
    <b>Morphy Auctions, May 27:</b> John Hancock-signed commission of Ensign Aaron Butler, 1777. $8,000 to $16,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> A Short Narrative of the Horrid Massacre in Boston, Perpetrated in the Evening of the Fifth Day of March 1770… London, [1770]. $7,000 to $15,000.
    <b>Morphy Auctions, May 27:</b> Original manuscript of 1761 Massachusetts Bay Tax Act. $8,000 to $12,000.
    <b>Morphy Auctions, May 27:</b> Wine receipt for Washington's Council of War, May 24, 1778, leading to Monmouth Battle. $8,000 to $12,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> [Siege of Boston]. “A Muster Roll of The Company Under the Command of Captain Josiah King in Colonel David Brewer’s Regiment, to the First of August, 1775.” $5,000 to $10,000.
    <b>Morphy Auctions, May 27:</b> Congressman Brigham describes George Washington's Mount Vernon estate and its slaves. $3,000 to $6,000.
    <b>Morphy Auctions, May 27:</b> [British Army. Uniforms and Organizaton] "Gen[era]l. Disposition of The King’s Troops with the Number, Uniform and Colonel [of Each Regiment, 1763]. $3,000 to $5,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Revolutionary era paper money, continental and state (lot of 55). $2,500 to $5,500.
    <b>Morphy Auctions, May 27:</b> Rare 1782 loyalist military passport from Charleston, SC. $1,500 to $3,000.
    <b>Morphy Auctions, May 27:</b> [Stamp Act.] Rare 1765 stamp for 2 shillings and 6 pence. $1,250 to $2,500.
  • <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> INCUNABULA -Fridolin, Stephan. <i>Schatzbehalter.</i> With 96 (including 5 repeated) full-page text woodcuts. Nürnberg, 1491.<br>€ 39 470 / 57 020
    <b>Koller, Jun. 15:</b> Kokoschka, Oskar. <i>Die Träumenden Knaben (The Dreaming Boys).</i> With 11 original lithographs. Vienne, 1908.<br>€ 35 090 / 52 630
    <b>Koller, Jun. 15:</b> Third Bessarion Master (active in Lombard in the third quarter of the 15th century). Leaf from a gradual, 1455-60.<br>€ 21 930 / 30 700
    <b>Koller, Jun. 15:</b> Picasso, Pablo - Delgado, José alias Pepe Illo. <i>La Tauromaquia o arte de torear.</i> With 26 original aquatints and 1 original etching by Picasso.<br>€ 21 930 / 35 090
    <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> Linschoten, Jan Huygen van. <i>Itinerario, Voyage ofte Schipvaert naer Oost ofte Portugaels Indien…</i> Amsterdam, 1595.<br>€ 17 540 / 26 320
    <b>Koller, Jun. 15:</b> CHILDREN’S BOOKS - Meggendorfer, Lothar. <i>Nah und Fern. Ein Tierbilderbuch zum Ziehen.</i> With 8 coloured, lithographed plates.<br>€ 530 / 790
    <b>Koller, Jun. 15:</b> DANSE MACABRE - Bille, Edmond. <i>Une Danse macabre.</i> With 20 coloured woodcuts. Lausanne, 1919. Large folio.<br>€ 610 / 880
    <b>Koller, Jun. 15:</b> Dexel, Walter. A collection of 7 invitation cards from the Kunstverein Jena, each typographically designed by W. Dexel. Jena, 1924-1928. Each 10.5 x 14.8 cm.<br>€ 530 / 790
  • <b>Gonnelli:</b> Books & Graphics 26th – 27th – 28th May 2020.
    <b>Gonnelli:</b> May 27th, Travel and exploration.
    <b>Gonnelli:</b> May 27th, Musical books, autographs & printed music.
    <b>Gonnelli:</b> May 26th, A collection of Piranesi’s etchings. € 50 to € 16000.
    <b>Gonnelli:</b> May 28th, Books from XV to XX Century.
    <b>Gonnelli:</b> May 28th, Hansel and Gretel and other stories by the brothers Grimm illustrated by Kay Nielsen. € 1000.
    <b>Gonnelli:</b> May 28th, Artists’ books from Dalì, Marini & others.
  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [SUPREME COURT JUSTICES]. A very extensive collection of 203 letters, documents and signatures. A COMPLETE COLLECTION OF THE SUPREME COURT JUSTICES, JOHN JAY THROUGH WILLIAM REHNQUIST. $20,000 to $30,000.
    <b>Hindman Auctions, Jun. 23:</b> ZATTA, Antonio. <i>Atlante Novissimo.</i> Venice: Antonio Zatta, 1775-1785. ONE OF THE FINEST WORLD ATLASES issued in Italy in the 18th century. $15,000 to $20,000.
    <b>Hindman Auctions, Jun. 23:</b> [CHICAGO HISTORY] -- [COLUMBUS, Christopher]. Monumental historiated and embroidered panel of the MADE FOR THE 1893 COLUMBIAN EXHIBITION IN CHICAGO. $12,000 to $18,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MONASTERY HILL BINDING]. AINSWORTH, William Harrison. <i>Historical Romances.</i> Philadelphia, n.d. A fine early exhibition binding by the Monastery Hill Bindery. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> [ABSTRACT EXPRESSIONISM]. New York: Tiber Press, [1960]. 4 volumes. LIMITED EDITION, number 119 of 200 COPIES, EACH SIGNED BY THE POET AND ARTIST. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> GRATIANUS, the Canonist. <i>Decretum.</i> Venedig: Petrus de Plasiis, 25 January 1483. Second quarto edition. FIRST PAGE ILLUMINATED BY A CONTEMPORARY ARTIST. $4,000 to $6,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [ABOLITIONISTS]. <i>William Lloyd Garrison. The Story of his Life.</i> New York, 1885. ORIGINAL DOCUMENTS FROM SEVERAL NOTABLE ABOLITIONISTS neatly bound in throughout. $4,000 to $6,000.
    <b>Hindman Auctions, Jun. 23:</b> ANSON, George. <i>A Voyage round the World, In the Years 1740... 1744.</i> London: John and Paul Knapton for the author, 1748. FIRST EDITION. $3,000 to $4,000.
    <b>Hindman Auctions, Jun. 23:</b> Blank railroad ledger, "Compagnie des Chemins de fer de l'Ouest" (spine title). N.p., 1909. A MONUMENTAL 20th-CENTURY ART NOUVEAU BINDING. $1,000 to $1,500.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MINIATURE ROOM] -- [FLEMING, John (1910-1987)]. Miniature of his 57th Street Library and Gallery. JOHN F. FLEMING'S BARONIAL 57TH STREET GALLERY. $1,500 to $2,500.
    <b>Hindman Auctions, Jun. 23:</b> [SANGORSKI & SUTCLIFFE BINDING]. CHESTERTON, G.K. <i>Five Types: A Book of Essays.</i> London, 1910. LIMITED EDITION, number 3 of 30 copies on vellum SIGNED BY GEORGE SUTCLIFFE. $400 to $500.
    <b>Hindman Auctions, Jun. 23:</b> [KELMSCOTT PRESS]. <i>When Adam Delved and Eve Span....</i> [Ancoats Brotherhood, 1894-5]. LIMITED EDITION, one of 250 copies printed. $500 to $700.

Rare Book Monthly

Articles - July - 2014 Issue

A Second Bookseller Goes “Public”

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From the Bookbarn website.

Turning to the public markets for funding of businesses in the selling of old books seems to be gaining some steam, at least in England. In May, Scholium Group, whose main business is Shapero Rare Books, went public with an offering on the London Stock Exchange. This past month, it was Somerset bookseller Bookbarn International that made the move. However, the Bookbarn offering is nothing like that of Scholium. Their offering is less than 1% the size of Scholium's, and their shares will not be listed on the London Stock Exchange, nor anywhere else.

 

Bookbarn has elected to raise funds through a website called “Crowdcube.” It provides a public forum where anyone can invest in a company, but the investments are more akin to venture capital than stock market investing. I'm not sure such a program would even be legal in the United States, with its various reporting regulations designed to protect investors buying in the open market. What Crowdcube provides is a way for small-time investors, and I do mean small-time, to invest in small businesses. Investments can be as low as £10 (about $17 in U.S. currency). Good luck finding a venture capitalist interested in making a $17 investment. Of course, you could go public and offer shares on a stock exchange for less than $17 each, as did Scholium, but the cost of registration statements and everything else needed for a market offering is more than the total amount Bookbarn will raise.

 

The way Crowdcube works is you go to their page for Bookbarn, and it allows you to make an investment of any size starting at £10. As of June 30, they had so far raised £34,550 from 57 investors, the largest single investment being £5,000. Bookbarn's target is £75,000, with the Crowdcube rules providing that the investments will be returned if the goal is not met. In return for the £75,000, Bookbarn is offering investors 6% of the company. In other words, they have valued the company at £1,250,000 (roughly US $1.7 million). In comparison, the Scholium offering was for £8 million (for roughly 60% of the company), giving it a value of £13.2 million, or about US $21.9 million, at the time of the offering.

 

A public offering of this type does not provide the level of protection of one on a public stock market. There is not the level of regulation and information that must be given potential buyers on a stock exchange. This is more of a flyer for small investors to take a minor interest in start up or other small companies. Additionally, an investor's share of such a company is illiquid. Crowdcube allows buyers to sell to other Crowdcube buyers, but this is not like a public stock exchange where there are shares being bought and sold everyday. You may have a hard time selling your share if you want your money back. This type of investment is really more appropriate for someone who likes a particular company, wants to be a part owner, and thinks maybe it will one day be a big success and provide a good return. One should not invest through a platform like Crowdcube if the security of your investment is a high priority. The risk level is very high.

 

In its press release, Bookbarn's owners said they believe Bookbarn “is the largest seller of antiquarian, rare and collectable books in the world,” which seems a stretch. They say they have 30 full and part-time staff and a 38,000 square foot warehouse. They sell on “19 different e-commerce platforms around the world, including a major government-owned distributor in China.”

 

The Crowdcube offering can be found at the following link:  www.crowdcube.com/investment/bookbarn-international-15675. We make no recommendation of this offering and advise anyone considering an investment to read the risk warning carefully.

Rare Book Monthly

  • <b>Swann Auction Galleries:</b> Abraham Lincoln, Emancipation Proclamation by the President of the United States, pamphlet, 1862. Sold May 7 for $11,875.
    <b>Swann Auction Galleries:</b> Family papers of the distinguished Ruby-Jackson family, Portland, Maine, 1853-1961. Sold May 7 for $4,000.
    <b>Swann Auction Galleries:</b> E. Simms Campbell, A Night-Club Map of Harlem, in inaugural issue of Manhattan, 1933. Sold May 7 for $27,500.
    <b>Swann Auction Galleries:</b> Papers of the comedian Nipsey Russell, including a letter from MLK, 1929-2000. Sold May 7 for $17,500.
    <b>Swann Auction Galleries:</b> Edmonia Lewis, prominent sculptor, carte-de-visite by Henry Rocher, c. 1866-71. Sold May 7 for $5,250.
    <b>Swann Auction Galleries:</b> The Black Panther: Black Community News Service, 44 issues, San Francisco, 1967-1971. Sold May 7 for $6,500.
    <b>Swann Auction Galleries:</b> Ernest Withers, I Am A Man, Sanitation Workers Strike, silver print, 1968. Sold May 7 for $5,000.
    <b>Swann Auction Galleries:</b> March For Freedom Now!, poster for a protest on the 1960 Republican Convention. Sold May 7 for $17,500.
  • <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Darwin (Charles). <i>On the Origin of Species,</i> 1st edition, London, 1859. Original cloth, one of 1,250 copies. £15,000 to £25,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> The Gentleman’s Magazine, or Monthly Intelligencer, 276 volumes, 1731-1894. With all the America maps, and the first British publication of the US Declaration of Independence. £5,000 to £7,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Washington (John). <i>Eskimaux and English Vocabulary, for the Use of the Arctic Expedition,</i> 1st edition, London, 1850. Sabin 101906. £3,000 to £5,000.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Churchill (Winston S.). <i>Ian Hamilton’s March [and] London to Ladysmith,</i> 1st editions, 1900. Signed by the author. £3,000 to £4,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Wallace (Alfred Russel). <i>Is Mars Habitable?,</i> 1st edition, London, 1907. Extremely rare in the dust jacket. £2,000 to £3,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Montes de Oca (Rafael). <i>Ensayo ornitologico de los Troquilideos o Colibries de Mexico,</i> 1st edition, Mexico City, 1875. With 12 hand-coloured lithographs of hummingbirds. £1,000 to £1,500.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Agrippa (Camillo). <i>Trattato di scienza d’arme,</i> Venice, 1568. One of 50 lots from the Leon Paul Library of Fencing. £1,000 to £1,500.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Clarke (Sir Alured, 1744-1832). Manuscript document signed as commander of British forces in Georgia during the American War of Independence, Savannah, 18 June 1782. £300 to £500.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> [Slave Narrative]. <i>The Life and Sufferings of Leonard Black, a Fugitive from Slavery,</i> 1st edition, New Bedford MA, 1847. £300 to £500.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Finaughty (William). <i>The Recollections of William Finaughty, Elephant Hunter 1864-1875,</i> 1st edition, Philadelphia, [1916]. One of 250 copies. £500 to £800.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Gold (Charles). <i>Oriental Drawings: Sketched between the Years 1791 and 1798,</i> 1st edition, 1806. With 48 fine hand-coloured aquatints. £3,000 to £5,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> George II (1683-1760) & William Cavendish, 4th Duke of Devonshire (1720-1764). Manuscript exchequer document signed, 1757. £700 to £1,000.

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