• <b>ALDE, Dec. 20:</b> VOLTAIRE. Œuvres complètes. [Kehl], Société littéraire et typographique, 1784-1789. 70 vol. €15,000 to €20,000.
    <b>ALDE, Dec. 20:</b> <i>ENCYCLOPÉDIE MÉTHODIQUE…</i> Paris, Panckoucke ; Liège, Plompteux, 1782-1832. 254 volumes in-4. €10,000 to €12,000.
    <b>ALDE, Dec. 20:</b> RUYSCH (FREDERIK). <i>Thesaurus anatomicus primus [–decimus]. Het eerste [–tiende] anatomisch cabinet.</i> Amsterdam, 1701-1716. €10,000 to €12,000.
    <b>ALDE, Dec. 20:</b> [MARCELLO (CRISTOFORO)]. <i>Sacrarum cæremoniarum sive rituum ecclesiasticorum S. Rom. Ecclesiæ libri tres.</i> Venise, Giunta, 1582. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> [RABEL (DANIEL)]. <i>Theatrum Floræ, in quo ex toto orbe selecti mirabiles, venustiores, ac præcipui flores, tanquam ab ipsius deæ sinu proferuntur.</i> Paris, Pierre Firens, 1627. €3,000 to €4,000.
    <b>ALDE, Dec. 20:</b> VALERIANO (PIEIRIO). <i>[Hieroglyphica, sive de sacris Ægyptiorum aliarumque gentium literis, commentariorum libri LVIII]…</i> Francfort, 1613-[1614]. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> BRUN (CLAUDE). [Cours manuscrit de Jérôme Dandini sur la Physique d'Aristote et disputes philosophiques des étudiants du collège jésuite de Bourges]. Conclusiones physic… 1579-1580. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> CLERISSEAU (CHARLES-LOUIS). <i>Antiquités de la France. Première partie.</i> [Monuments de Nismes]. Paris, 1778. €1,000 to €1,200.
    <b>ALDE, Dec. 20:</b> LE FÈVRE (L.-C.). <i>Grand escalier du château de Versailles, dit escalier des ambassadeurs, ordonné et peint par Charles Le Brun.</i> Paris, s.d. €800 to €1,000.
  • <b>Bonhams, Dec. 13:</b> KEPLER INVESTIGATES PLANETARY MOTION. KEPLER, JOHANNES. 1571-1630. $400,000 to $600,000
    <b>Bonhams, Dec. 13:</b> THE FINAL ILLUSTRATION OF POOH AND PIGLET IN THE HUNDRED ACRE WOOD. $250,000 to $350,000
    <b>Bonhams, Dec. 13:</b> GUTENBERG BIBLE LEAF. $60,000 to $90,000
    <b>Bonhams, Dec. 13:</b> ORTELIUS, ABRAHAM. 1527-1598. $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> KNIGHT, HILARY. "Christmas Dinner at Maxime de la Falaise's" $4,000 to $6,000
    <b>Bonhams, Dec. 13:</b> GERSHWIN WORKING MUSICAL MANUSCRIPT PAGE FROM <i>OF THEE I SING.</i> $3,000 to $5,000
    <b>Bonhams, Dec. 13:</b> GILBERT, W.S. Original typed manuscript for <i>The Story of the Mikado.</i> $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> FINAL TYPED MANUSCRIPT FOR V.C. ANDREWS CLASSIC <I>FLOWERS IN THE ATTIC.</I> $4,000 to $6,000
    <b>Bonhams, Dec. 13:</b> ANNOTATED TYPESCRIPT DRAFT FOR KIPLING'S FINAL MOWGLI STORY. $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> PRESENTATION COPY OF GUYS AND DOLLS. $12,000 to $18,000
    <b>Bonhams, Dec. 13:</b> CHARLES DICKENS' CHINA INKWELL FEATURING A BEE READING, FROM GAD'S HILL. $6,000 to $8,000
    <b>Bonhams, Dec. 13:</b> NELSON'S BATTLE PLAN FOR TRAFALGAR. $200,000 to $300,000
  • <center><b>Sotheby’s<br>Age of Wonder<br>Nov. 25 – Dec. 9, 2022</b>
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Darwin, Charles. His definitive statement on natural selection, and his legacy. $600,000 to $800,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Darwin, Charles and Alfred Russel Wallace. Darwin announces the theory of natural selection. $250,000 to $350,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Jenner, Edward. Autograph letter, addressed to Dr. Wollaston, dated 21 November 1800, discussing the possible ill-effects of vaccination. $12,000 to $18,000.
    <center><b>Sotheby’s<br>Age of Wonder<br>Nov. 25 – Dec. 9, 2022</b>
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> De Quincey, Thomas. Autograph letter signed (Thos. De Quincey). "A conclusive experiment on the profit of leaving of leaving off opium.” $6,000 to $8,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Melville, Herman. <i>Moby-Dick; or, The Whale.</i> New York: Harper & Brothers, 1851. “And God created great whales.” $20,000 to $30,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Foote, Eunice Newton. "Circumstances affecting the heat of the sun's rays," [In:] <i>The American Journal of Science and Arts…</i> New York, 1856. $8,000 to $12,000.

Rare Book Monthly

Articles - February - 2017 Issue

Auction Prices for Books and Paper Rose 1.5% in 2016

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Prices at auction for lots in the book and paper field inched up 1.5% in 2016. In a year that was most notable for looking essentially like the year before, the median price rose from $266 to $270. The average price dropped an infinitesimal $19 from $2,030 in 2015 to $2,011 in 2016. That represents a decline of less than one-tenth of one percent. For reasons explained in the footnote below*, median price is a better gauge of the market than average.

 

Even a small increase will be welcome news to those in the trade. It's well known that book prices have been under pressure, with last year experiencing a 7% decline. That came after several years of recovery following the recession of 2008. Last year's performance brought us back to prices roughly equivalent to 2013, well above those of 2008-9, but still lower than 2007.

 

It should be noted that the field of collecting is changing, with greater numbers of related paper items – manuscripts, maps, prints, photographs – appearing in "book" auctions today. Likewise, many dealers have expanded their inventory to include these items. Our numbers do not break out books vs. other forms of paper so we cannot say precisely what has happened to book prices alone, but the slight decline in lots offered in the field in 2016, combined with the growing presence of other forms of paper, shows a modest decline in the number of books being sold at traditional auctions this past year.

 

There was a modest decline in lots offered in the field, and a small drop in the sell-through rate as well. Lots offered declined by 17,000 to 406,000, 4% fewer than in 2015. Of these, 295,000 sold. That represents a sell-through rate of 72.7%, off slightly from 73.4% the previous year. The price range of those sold lots was virtually identical to 2015. Those sold in the $0-$250 range represented 48% of the total, down from 49%, those priced $251-$1,000 were 31%, up from 30%, while those priced $1,000 and above were 21%, the same as before.

 

Sales above the high estimate regularly come in greater than sales below the low estimate, and that was true again in 2016. However, the ratio between the two barely moved from the previous year. In 2015, 59% of the lots sold for above the high estimate, 22% below the low estimate. In 2016, 58% sold above the high estimate, 23% below the low estimate. Once again, 19% were estimated right. You might think auction houses are deliberately underestimating prices. However, if you consider lots unsold as being the equivalent of those selling for under the low estimate, a fair comparison, the ratio looks very different. In this case, only 42% sold above the high estimate, while 44% "sold" for less than the low estimate. The balance was just about right.

 

The fourth quarter of the year has always been the busiest season at auction, but not this time. For the first time since we have been monitoring sales early in this century, the second quarter was as busy as the fourth. However, November remains the most active month for sales. Thirteen percent of all sales took place in November. At the other end of the spectrum, August is traditionally the slowest month, and that was true again in 2016, with only 4% of lots sold in that late summer month.

 

The highest median price was achieved at Christie's London-King Street, where the midpoint was $9,763. This was the first time in a while that no location reached a median in five figures. The top spots, as usual, were dominated by Christie's and Sotheby's, who only handle the most exclusive of material. For those on a more limited budget, numerous houses had medians under $100. In America, National Book provides a large number of budget-priced lots, in Paris there's Vermot de Pas, in Brussels Ferraton. And there is always the classic Lancaster Mennonite Historical Society auctions where you could have purchased half the lots for under $14.

 

This report, along with last month's account of the Top 500 prices paid at auction, completes our review of 2016. For a look at the Top 500, click here.

 

 

*We use median price, the price at which 50% of the lots sold for more, and 50% sold for less, rather than average price as the average can be skewed by a very small number of extremely high priced items. For example, if the Old South Church of Boston had sold its copy of the Bay Psalm Book, which sold for $14 million, in 2016 instead of 2013, it alone would have added $47 to the average of every book sold, resulting in an increase in the average price of $28, instead of a decrease of $19.

Rare Book Monthly

  • <center><b>19th Century Rare Book & Photograph Shop<br>Catalogue 195<br>Magnificent Books & Manuscripts<br>Free on request</b>
    <b>19th Century Shop, Catalogue 195:</b> Benjamin Franklin on Electricity. Inscribed presentation copy.
    <b>19th Century Shop, Catalogue 195:</b> Frederick Douglass. Letter on civil war and the end of slavery.
    <b>19th Century Shop, Catalogue 195:</b> Carleton Watkins. A major American West photo album.
    <b>19th Century Shop, Catalogue 195:</b> Einstein. General Theory of Relativity inscribed by Einstein.
    <b>19th Century Shop, Catalogue 195:</b> The Federalist. Rare deluxe thick-paper copy.
    <b>19th Century Shop, Catalogue 195:</b> Emma Johnston. Archive of 350 salt prints by a Victorian female photographer.
  • <b><center>Doyle<br>The Collection of a New York Surveyor<br>December 16, 2022</b>
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 3. Francis M. Maerschalk. Manuscript plan of Philip Minthorne's land in Bowery 3. $2,000-3,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 30. William Bridges. A Map of a Block of Ground situate in Water Street between Walnut and Fir Streets. $3,000-5,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 4. Francis M. Maerschalk. M. Barrack Street/Road from Spring Garden to Fresh Water. $5,000-8,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 46. Love Lane. Map of Land and Buildings the property of Samuel I Tobias Esqr. $2,000-3,000
    <center><b>Doyle<br>Rare Books, Autographs & Maps<br>December 16, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 157. Stephen King. <i>Christine.</i> New York: Viking Press, 1983. First trade edition, inscribed by the author. $1,500-2,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 163. Charles Lindbergh. “We.” New York: G.P. Putnam’s Sons, 1927. First edition, Author’s Autograph Edition. $1,000-1,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 177. A.A. Milne. <i>Winnie-the-Pooh.</i> London: Methuen, 1926. First English trade edition, first impression. $1,000-1,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 196. William Shakespeare. <i>Othello, the Moor of Venice.</i> London: printed for W. Weak, 1681. $4,000-6,000
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 203. John Steinbeck. <i>The Grapes of Wrath.</i> New York: Viking, 1939. First edition. $1,000-1,500
  • <center><b>Fonsie Mealy’s<br>Christmas Rare Books<br>& Collectors’ Sale<br>6th and 7th December</b>
    <b>Fonsie Mealy’s, Dec. 6-7:</b> The Corner-stone Document of Irish Freedom. 1916 PROCLAMATION OF THE IRISH REPUBLIC. £140,000 to £180,000.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Joyce's Modern Masterpiece, in its one-and-hundredth Year. Joyce (James). <i>Ulysses.</i> Paris, Shakespeare & Co. 1922. £15,000 to £25,000.
    <b>Fonsie Mealy’s, Dec. 6-7:</b>A Request from Mr. Joyce. Joyce (James). Autograph Letter Signed to 'Dear Mr [Thomas] Pugh,' dated 6.8.1934. £6,000 to £8,000.
    <center><b>Fonsie Mealy’s<br>Christmas Rare Books<br>& Collectors’ Sale<br>6th and 7th December</b>
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Dun Emer Press: Yeats (Wm. Butler). <i>Stories of Red Hanrahan,</i> 8vo Dundrum 1904. Signed by Author. £1,000 to £1,500.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Binding: <i>Specimens of Early English Poets,</i> 8vo Lond. (For Edwards, Pall Mall) 1790. £500 to £700.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Harry Clarke: Walter (L. D'O.) <i>The Years at the Spring,</i> An Anthology of Recent Poetry. 4to New York (Brentano's) 1920. Special signed limited edition. £1,500 to £2,000.
    <center><b>Fonsie Mealy’s<br>Christmas Rare Books<br>& Collectors’ Sale<br>6th and 7th December</b>
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Kipling (Rudyard). <i>Works,</i> including Writings, Novels, Poems etc. Bombay Edition, 31 vols. roy 8vo Lond. (MacMillan & Co.) 1913-1938. Signed by Author. £1,500 to £2,000.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Dunraven (Edwin, Third Earl of). <i>Notes on Irish Architecture,</i> Ed. by Margaret Stokes, 2 vols. lg. folio Lond. 1875-1877. Castle Hackett copy. £1,500 to £2,400.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Kirby (Wm.) & Spence (Wm.) <i>An Introduction to Entomology,</i> 4 vols. 8vo Lond. 1822. With hand-coloured plates. £200 to £300.
    <center><b>Fonsie Mealy’s<br>Christmas Rare Books<br>& Collectors’ Sale<br>6th and 7th December</b>
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Heaney (Seamus). <i>Death of a Naturalist,</i> 8vo Lond. (Faber & Faber) 1966 First Edition - Third Impression. Signed, & inscribed on title page 'Seamus Heaney’. £800 to £1,200.
    <b>Fonsie Mealy’s, Dec. 6-7:</b> Glasgow Printing: Homer - <i>Iliad and Odyssey,</i> 4 vols. in 2, Glasgow (Robert & Andrew Foulis) 1756-1758. £1,0000 to £1,500.
  • <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Thomas Jefferson, Long ALS to Ronaldson "I consider Bonaparte as fighting our battles, and there I wish him success...” $35,000 to $45,000.
    <b>University Archives, Dec. 14:</b> G.A. Custer. PSA Mint 9 Brady CDV Signed with Rank, Best Signature/Pose We Have Ever Seen. $20,000 to $30,000.
    <b>University Archives, Dec. 14:</b> B. Franklin. 1733 Signed Philadelphia Partial Land Grant Dated Less Than 6 Months After Launch of "Poor Richard's Almanack". $12,000 to $15,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Abraham Lincoln On Executive Mansion Stationery Replies to An Autograph Request! Fantastic Example. $10,000 to $15,000.
    <b>University Archives, Dec. 14:</b> G. Washington. Free Frank to Maj. Tallmadge Re: Culper Courier. $12,000 to $14,000.
    <b>University Archives, Dec. 14:</b> Albert Einstein ALS, “I am happy to see that a Jew is always 'en famille' wherever his steps lead him on this earth.” $5,000 to $6,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Incredible Utah 1857 Mormon War Period Ft. Bridger Ledger: Afr. American Content, Mention of Armstead, Bernard Bee, RE Lee’s Son, 120pp! $10,000 to $12,000.
    <b>University Archives, Dec. 14:</b> Apollo XI. PSA Mint +9.5 Insurance Cover Signed by Armstrong, Aldrin & Collins, From Buzz Aldrin Family Space Collection. $8,000 to $10,000.
    <b>University Archives, Dec. 14:</b> Booker T. Washington, 17 Pages "Proud of Race...In & out of slavery...It is said that the strongest chain is no stronger than its weakest link." Handwritten Speech Notes. $8,000 to $9,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> R. Wallenberg. Signed Schutz-Pass Doc, With Rare Full Signature. $7,000 to $8,000.
    <b>University Archives, Dec. 14:</b> Freud & Jung Together, Most Famous Photo in Psychology History! September 1911, Weimar, Germany. $6,000 to $7,000.
    <b>University Archives, Dec. 14:</b> JFK Oversized Photo with Jackie & Caroline, Signed and Inscribed, Stunning! $3,500 to $4,500.
  • <b><center>Aste Bolaffi<br>Rare Books and Autographs<br>December 14-15, 2022</b>
    <b>Aste Bolaffi, Dec. 14-15:</b> Two first editions by Adrian Spigelius in a Sammelband: <i>De humani corporis fabrica</i> from 1627 and <i>De formato foetu</i> from 1626. €15,000 to €20,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Splendid coloured copy by Frederick De Wit, <i>Atlas maior,</i> Amsterdam, 1705. €20,000 to €30,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> First edition by Marco Ricci, <i>Varia Marci Ricci Pictoris prestantissimi Experimenta,</i> Venice, Orsolini, 1723-1730. €20,000 to €25,000.
    <b><center>Aste Bolaffi<br>Rare Books and Autographs<br>December 14-15, 2022</b>
    <b>Aste Bolaffi, Dec. 14-15:</b> First edition by MicheleMarieschi, <i>Magnificentiores selectioresque Urbis Venetiarum prospectus,</i> Venice, 1741. €30,000 to €40,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Magnificent album by Louis-Leopold Boilly, Collection de dessins, calques et acquerelles, 1822. €20,000 to €25,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Rare musical score by Gioachino Rossini from 1858. €6,500 to €7,500.
  • <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Plato. <i>Platonis Opera,</i> Venetiis: a Philippo Pincio Mantuano hoc opus Impressum fuit, Anno d[omi]ni. M.cccccxvii. Die.xxii. Aprilis (22 aprile 1517). €800 to €1,000.
    <b>Maison Bibelot, Dec. 6-14:</b> Francesco Robortello. <i>In librum Aristotelis de arte Poetica, explicationes,</i> Basileae: per Ioannem Heruagium iuniorem, 1555. In folio. €500 to €800.
    <b>Maison Bibelot, Dec. 6-14:</b> <i>Instrumento della compra del Ducato di Terra Nova.</i> Atto notarile cinquecentesco, manoscritto pergamenaceo, con bella miniatura iniziale, composto da 5 bifolio (300x225 mm) scritti recto e verso. €300 to €400.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Giovanni Bertachini. <i>Repertorii Bertachini,</i> Venetiis: 1507, 2 voll. (di 3). In folio. Importante post incunabolo. €1,800 to €2,200.
    <b>Maison Bibelot, Dec. 6-14:</b> Paulus de Middelburgo. <i>Pavlina De recta Paschae celebratione: et De die passionis Domini nostri Iesu Christi,</i> 1513. €1,500 to €2,000.
    <b>Maison Bibelot, Dec. 6-14:</b> Gaius Svetonius. <i>Suetonius Tranquillus cum Philippi Beroaldi, et Marci Antonii Sabellici commentariis,</i> Venetiis, 1500. €1,000 to €1,500.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Cicero Marco Tullio. <i>Rhetoricorum ad C. Herennium libri IV incerto auctore,</i> Venetiis: Aldus, 1569: €250 to €300.
    <b>Maison Bibelot, Dec. 6-14:</b> Rupertus Tuitiensis. <i>Ruperti abbatis monasterii Tuitiensis,</i> Apud foelicem Coloniam, 1526. Aeditio prima. In folio. €800 to €1,500.
    <b>Maison Bibelot, Dec. 6-14:</b> Agostino Nifo. <i>Destructiones destructionum Auerroys cum Augustini niphi de Suessa expositione,</i> Venetijs: Octauiani Scoti 1497, 1495, 2 pt. in 1 vol. €2,000 to €2,400.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Giorgio Vasari. <i>Le vite de' piu eccellenti pittori, scultori, e architettori... Primo Volume della Terza Parte,</i> Fiorenza: Appresso i Giunti, 1568. €600 to €800.
    <b>Maison Bibelot, Dec. 6-14:</b> Hieronymus (santo). <i>Epistole sancti Hieronymi,</i> Lugduni: Per Magistrum Iacobum Saccon, 1518. €1,000 to €1,500.
    <b>Maison Bibelot, Dec. 6-14:</b> Tommaso d'Aquino. <i>Incipiunt preclarissima opuscula diui Thome aquinatis,</i> Venetijs: ingenio ac impensa Hermanni Lichtenstein Coloniensis, 1497. €300 to €500.
  • <center><b>Swann Auction Galleries<br>Maps & Atlases, Natural History & Color Plate Books<br> December 8, 2022</b>
    <b>Swann December 8:</b> Friedrich Justin Bertuch, <i>Bilderbuch für Kinder,</i> Weimar, 1792, 1798, 1802, 1805, 1822. $1,200 to $1,800.
    <b>Swann December 8:</b> Sebastian Münster, <i>Novae Insulae XXVI Nova Tabula,</i> Basel, 1552. $2,500 to $3,500.
    <b>Swann December 8:</b> Sebastian Münster & Hans Holbein, <i>Typus Cosmographicus Universales,</i> Basel, 1532. $7,000 to $10,000.
    <b>Swann December 8:</b> Franz Unger, <i>Die Urwelt in Ihren Verschiedenen Bildungsperioden,</i> 16 tinted lithographed plates, Weigel, 1858. $1,000 to $1,500.
    <b>Swann December 8:</b> Charles Varle, Wiliam Warner & Andrew Hanna, <i>Plan of the City of Environs of Baltimore,</i> Baltimore, 1801. $8,000 to $12,000.

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