Rare Book Monthly

Articles - May - 2017 Issue

Results at Publicly Traded Scholium (Shapero Rare Books) "Stabilised" and "Improving"

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After a rough first half of their fiscal year (year ending March 31, 2017), Scholium Group, parent of English bookseller Shapero Rare Books, reported conditions have stabilized and are now looking up. The second half was much better than the first. Scholium issued an interim report on their past year, which will be followed up later with complete annual results. Scholium operates Shapero and Scholium Trading, a division that joins with other dealers to trade jointly in very expensive books and art.

 

In the first half of their fiscal year, Scholium reported a loss of £239,000 (US $300,000). The primary culprit was Brexit. Sales tumbled as British buyers withdrew as a result of the uncertainty caused by Britain's withdrawal from the European Union. At the midpoint of their fiscal year, Scholium said sales were starting to rebound after a very poor start to the year. They noted that renewed interest was particularly notable from overseas buyers, after the British pound dropped precipitously following the vote to leave the European Union. It made their prices in U.S. dollars and other currencies substantially lower.

 

At that midpoint, Scholium announced two steps they were taking to improve results. Some items were placed with U.S. auctions to take advantage of the exchange rate based favorable pricing in America. Secondly, they identified £320,000 ($400,000) in annual savings available by reducing operating expenses and the size of their inventory.

 

While not saying in what manner new sales were made in the second half of the year, Scholium stated that sales had increased by 80%, "albeit at a lower margin." They said that this can in part be attributed to the performance of Scholium Trading, "where we have seen success in the sale of some major items." They continued, "Sales of antiquarian books and works on paper stabilised in the second half and are currently on an improving trend." As a result, they believe the company will achieve roughly a break-even for the second half of the year.

 

Scholium did not project results for the coming year, but noted that the steps needed to realize the £320,000 in annual savings have now been implemented. Since those savings would have only been partially implemented in the last half of their fiscal 2016, and none in the first half, those savings should improve their bottom line in 2017.

 

In other news, Scholium announced that Shapero Rare Books has joined the Antiquarian Booksellers' Association. They pointed out this will allow them to exhibit at several new international book fairs. Additionally, they reported that Roddy Newlands, formerly Managing Director of Bloomsbury Auctions, has joined Shapero as Head of English Literature, where he will assist the firm in the growth of new sales.

Rare Book Monthly

  • <b><center>Hindman Auctions<br>Literature from a Private New Orleans Collection<br>March 19, 2021</b>
    <b>Hindman Auctions, Mar. 19:</b> STEINBECK, John (1902-1968). <i>The Pastures of Heaven.</i> New York: Brewer, Warren & Putnam, 1932. $10,000 to $15,000.
    <b>Hindman Auctions, Mar. 19:</b> FITZGERALD, F. Scott (1896-1940). <i>Tender is the Night.</i> New York: Charles Scribner's Sons, 1934. $6,000 to $8,000.
    <b>Hindman Auctions, Mar. 19:</b> STOKER, Bram (1847-1912). <i>Dracula.</i> Westminster: Archibald Constable and Company, 1897. $5,000 to $7,000.
    <b><center>Hindman Auctions<br>Literature from a Private New Orleans Collection<br>March 19, 2021</b>
    <b>Hindman Auctions, Mar. 19:</b> GOLDING, William (1911-1993). <i>Lord of the Flies.</i> London: Faber and Faber, 1954. $4,000 to $6,000.
    <b>Hindman Auctions, Mar. 19:</b> SALINGER, J. D. (1919-2010). The Catcher in the Rye. Boston: Little, Brown and Company, 1951. $4,000 to $6,000.
    <b>Hindman Auctions, Mar. 19:</b> HEMINGWAY, Ernest (1899-1961). <i>The Torrents of Spring.</i> New York: Scribner's, 1926. $3,000 to $4,000.
    <b><center>Hindman Auctions<br>Literature from a Private New Orleans Collection<br>March 19, 2021</b>
    <b>Hindman Auctions, Mar. 19:</b> HUXLEY, Aldous (1894-1963). <i>Brave New World.</i> London: Chatto & Windus, 1932. $3,000 to $4,000.
    <b>Hindman Auctions, Mar. 19:</b> WELLS, H.G. <i>The Time Machine, an Invention.</i> New York: Henry Holt, 1895. $3,000 to $4,000.
    <b>Hindman Auctions, Mar. 19:</b> DAHL, Roald (1916-1990). <i>Charlie and the Chocolate Factory.</i> New York: Alfred A. Knopf, 1964. $2,000 to $3,000.
    <b><center>Hindman Auctions<br>Literature from a Private New Orleans Collection<br>March 19, 2021</b>
    <b>Hindman Auctions, Mar. 19:</b> HERBERT, Frank (1920-1986). Dune. Philadelphia: Chilton Books, 1965. $2,000 to $3,000.
    <b>Hindman Auctions, Mar. 19:</b> KESEY, Ken (1935-2001). <i>One Flew Over the Cuckoo's Nest.</i> New York: The Viking Press, 1962. $2,000 to $3,000.
    <b>Hindman Auctions, Mar. 19:</b> VONNEGUT, Kurt, Jr. (1922-2007). <i>Slaughterhouse-Five or The Children's Crusade.</i> New York: Seymour Lawrence Delacorte Press, 1969. $2,000 to $3,000.
  • <b>Swann Auction Galleries Mar 11:</b> Dorothea Lange, <i>Migrant Mother (horizontal),</i> silver print, 1936. $20,000 to $30,000.
    <b>Swann Auction Galleries Mar 11:</b> Group of 32 WWII-era identification badges for manufacturing & military-related companies, 1940-50s. $2,000 to $3,000.
    <b>Swann Auction Galleries Mar 11:</b> Julia Margaret Cameron, <i>Alfred, Lord Tennyson,</i> albumen print, 1869. $10,000 to $15,000.
    <b>Swann Auction Galleries Mar 11:</b> Arnold Genthe, <i>Portrait of Theodore Roosevelt,</i> silver print, circa 1908. $1,000 to $1,500.
    <b>Swann Auction Galleries Mar 11:</b> Edward Curtis, <I>Oasis in the Badlands,</I> toned platinum print, 1905. $8,000 to $12,000.
    <b>Swann Auction Galleries Mar 11:</b> Francis Frith, three volumes, approximately 140 photographs, 1860-70s. $10,000 to $15,000.
    <b>Swann Auction Galleries Mar 11:</b> Eugène Atget, <i>20 Photographs,</i> gold-toned silver prints by Berenice Abbott, 1898-1927. $8,000 to $12,000.
    <b>Swann Auction Galleries Mar 11:</b> Neil Leifer, <i>Muhammad Ali,</i> chromogenic print, 1965. $4,000 to $6,000.
    <b>Swann Auction Galleries Mar 11:</b><br>A group of approximately 50 Photomatic selfies of the same man taken over a period of time, 1940s. Estimate $1,500 to $2,500.

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