Rare Book Monthly

Articles - June - 2016 Issue

Things Looking Up for Publicly Traded Rare Book Seller

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Shapero Rare Books (from their website).

The largest publicly traded rare book seller has reported improving results over the past year. Sales are up for Scholium Group, parent of London based bookseller Shapero Rare Books. Using a fiscal year that closed on March 31, 2016, Scholium reported "revenue is materially ahead of the prior year," and added, "as a result of which the pre-tax result is expected to be broadly break even." Exact figures were not released, though greater detail is expected to be provided in July.

 

Scholium stated that Shapero Rare Books has been growing over the past year, citing positive results from its newer Modern & Contemporary department. It also said that its Scholium Trading Division, which works with other dealers in trading particularly expensive items, had a good year.

 

Scholium, like many in the book trade, had some challenging years. It had some exposure to wealthy Russian clients whose purchases have backed off. Expansion in the modern and contemporary field has helped to bring in more American sales.

 

Commenting on the company's results, Scholium Chairman Jasper Allen said, "The second half of the year continued the welcome trend that started in the first half of the year - the market in our core areas of expertise has stabilised. We look forward to the new year with a strong balance sheet in a market which, we believe, will provide opportunities for growth either organically or by the acquisition of teams."

 

Rare Book Monthly

  • <b>Swann Auction Galleries, July 30:</b> Adam Smith, <i>Wealth of Nations,</i> first edition, descended from William Alexander, London, 1776. $70,000 to $90,000.
    <b>Swann Auction Galleries, July 30:</b> George Gershwin, photograph signed & inscribed with autograph musical quotation, <i>An American in Paris,</i> 1928. $8,000 to $12,000.
    <b>Swann Auction Galleries, July 30:</b> Friedrich Engels, <i>The Condition of the Working Class in England,</i> first edition, NY, 1887. $5,000 to $7,500.
    <b>Swann Auction Galleries, July 30:</b> <i>Bury St. Edmunds Witch Trials,</i> first edition, London, 1682. $2,000 to $3,000.
    <b>Swann Auction Galleries, July 30:</b> Robert Rey, <i>Estampes,</i> complete portfolio of 12 wood engravings, Paris, 1950. $12,000 to $18,000.
    <b>Swann Auction Galleries, July 30:</b> Archive of 47 letters by Enrico Caruso to a lady friend, 1906-20. $7,000 to $10,000.
    <b>Swann Auction Galleries, July 30:</b> Books of Hours in Flemish, Netherlands, 15th century. $8,000 to $10,000.
    <b>Swann Auction Galleries, July 30:</b> Jack Kerouac, <i>Doctor Sax,</i> deluxe limited edition, signed, NY, 1959. $4,000 to $6,000.
    <b>Swann Auction Galleries, July 30:</b> Walt Disney, signature on title-page of Ward Greene’s <i>Lady and the Tramp,</i> first edition, first printing. $3,000 to $4,000.

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