Rare Book Monthly

Articles - November - 2017 Issue

One of the Earliest Printings of the Declaration of Independence to Be Sold in An Unexpected Location

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The Holt Declaration of Independence (from Blanchard Auctions website).

A major piece of printed Americana will go up for sale on November 11. It is a very rare, very early, and very valuable printing of the Declaration of Independence. It was printed in New York on July 9, 1776. However, the auction will not be taking place in New York, at least not the city. It will take place in Potsdam, New York. Where?

 

For the uninitiated, Potsdam is in the far upper reaches of upstate New York. Winter there begins in late July and ends in early July. It's where if you speak a second language, it's French, not Spanish. If you're going to the "big city," it's Montreal, not New York. Montreal is 100 miles away, New York City 350. Canada is a mere 50 miles north.

 

Potsdam is not a large metropolis. It has a population of 9,400. However, it is no hick town either. It is home to two colleges, Clarkson University and the State University of New York at Potsdam. That must be one of the nation's highest universities per capita ratios. It is also home of Blanchard's Auction Service. Blanchard's may not have the caché of a Sotheby's or Christie's, but every better known auction house on earth would love to have this item. As the listing explains, the Blanchards have known the unnamed seller for 25 years, who is "committed to our region." This is how the Declaration came to be offered in far-off Potsdam.

 

The Declaration of Independence was first printed for the Continental Congress by John Dunlap on the evening of July 4, 1776, in Philadelphia. Two hundred copies were printed. Twenty-five of these are known to survive. The last such copy sold at auction went for over $8 million at Sotheby's in 2000. It was in pristine condition. There were a few newspaper and other printings in the days ahead. Most were printed locally in various towns around the colonies, rather than being printed by the Continental Congress in Philadelphia. This is why most of even the early copies come a week or two later.

 

Blanchard's copy is one of the earliest. It is known as the Holt edition as it was printed by John Holt of New York. It was printed just five days later, on July 9, 1776. Like all early copies, it lists John Hancock, but not all of the other signers. They didn't get around to actually signing the document until early August.

 

Holt reportedly printed 500 copies. For whatever reason, they didn't survive. The Holt broadside printing of the Declaration of Independence was previously known in only four copies. This makes five. The other survivors reside at the New York Public Library, Westchester County Archives, Cincinnati Museum, and Huntington Library. If you want one, you better prepare your bid as you are unlikely to see another again.

 

What is the history behind this previously unknown copy of the great document that has been in hiding the past 241 years? Blanchard's tells the story. An inscription on the back shows it was sent with some other items to Col. David Mulford of South Hampton on Long Island on July 24, 1776, by Uriah Rogers. That pretty much tells the story. Mulford, and then many generations of descendants in the Mulford-Gardner-Buell family, kept it. This copy of the Declaration comes with eight later documents attesting to the family's continued ownership of Col. Mulford's copy. It has stayed there until the recent decision by an unnamed descendant to sell it.

 

How many dollars will change hands in Potsdam on November 11? This one is hard to tell. When something is of great importance and great rarity, bids can rise to unexpected levels. While this is not as valuable (though rarer) than John Dunlap's July 4 printing, it's right up there with whatever comes next. Blanchard's has placed an estimate of $500,000-$1,000,000 on the Holt copy. While I would think the price will be closer to the lower estimate, I could be totally wrong. If there are a couple of determined bidders in the room, there is no telling what the price may be. It may not quite be one of a kind, but in terms of obtainability, it sure is.

 

Any Declaration of Independence printed in the first couple of weeks after July 4 is likely to bring in hundreds of thousands of dollars. This being a separate broadside, rather than a newspaper printing, it is more desirable. I will not attempt to place it on a scale based on condition. You can see that from the picture. It isn't perfect, but I don't know how this compares to most other copies. It was reasonably well cared for over the centuries, but by ordinary people, not preservationists.

 

On the high end of recent sales, a newspaper printing sold for $722,500 at Sotheby's in 2012. This was part of a full year's run, and while newspaper printings are generally not as valuable, this was from the Pennsylvania Evening Post in Philadelphia, and its date was even earlier – July 6. It was second only to the Dunlap first printing. The first broadside printing in Boston also sold for $722,500 at Christie's in 2009, and that one came later, around July 17. A copy of a Salem, Massachusetts, broadside printed on July 15 or 16 sold at Sotheby's in 2010 for $572,500. Another Salem issue was sold last year at Heritage Auctions for $514,000.

 

The first printing in book form, a late addition to The Genuine Principles of the Ancient Saxon, or English Constitution, printed around July 8, sold for $370,000 at Sotheby's in 2015. The first Boston newspaper printing in the New-England Chronicle of July 18 sold for $257,000 at Bonham's in 2014. Christie's sold a copy of the Pennsylvania Ledger of July 13 containing the Declaration for $125,000 in 2014. Doyle's sold a July 10 Pennsylvania Journal with the Declaration for $150,000 in 2016.

 

Then there is one actual comparable to be found in the auction records, but it is not of much help in evaluating its current value. One copy of the Holt printing did come up for auction. It sold for a mere $810 at the American Art Association. Unfortunately, the year was 1920. That is not much of a guide for value a century later. At the time, American Art described it as an "excessive rarity... of which no other copy is known." Perhaps this means in another 25 years or so, a sixth copy will emerge.

 

Blanchard's sale contains only two items, the second being a large collection of family correspondence and some very old and unknown broadsides, estimated at $25,000-$50,000. You can check it out on their website at blanchardsauctionservice.com/index.html.

Rare Book Monthly

  • <b>Swann Auction Galleries:</b> Abraham Lincoln, <i>Emancipation Proclamation by the President of the United States,</i> pamphlet, 1862. $10,000 to $15,000.
    <b>Swann Auction Galleries:</b> Family papers of the distinguished Ruby-Jackson family, Portland, Maine, 1853-1961. $3,000 to $4,000.
    <b>Swann Auction Galleries:</b> Family papers of the Confederate Vice President Alexander Stephens & the persons who served him, 1866-1907. $25,000 to $35,000.
    <b>Swann Auction Galleries:</b> Autograph book with inscriptions by orators Moses Roper & Peter Williams, 1821-54. $10,000 to $15,000.
    <b>Swann Auction Galleries:</b> Archive of letters, postcards, and greeting cards sent by Romare Bearden, 1949-87. $5,000 to $7,500.
    <b>Swann Auction Galleries:</b><br>E. Simms Campbell, <i>A Night-Club Map of Harlem,</i> in inaugural issue of Manhattan, 1933. $10,000 to $15,000.
    <b>Swann Auction Galleries:</b> Papers of the comedian Nipsey Russell, including a letter from MLK, 1929-2000. $6,000 to $9,000.
    <b>Swann Auction Galleries:</b> Early German-American anti-slavery broadside, <i>Sclaven-Handel,</i> Philadelphia, 1794. $12,000 to $18,000.
    <b>Swann Auction Galleries:</b> Edmonia Lewis, prominent sculptor, carte-de-visite by Henry Rocher, c. 1866-71. $3,000 to $4,000.
    <b>Swann Auction Galleries:</b><br><i>The Black Panther: Black Community News Service,</i> 44 issues, San Francisco, 1967-1971. $3,000 to $4,000.
    <b>Swann Auction Galleries:</b> Ernest Withers, <i>I Am A Man, Sanitation Workers Strike,</i> silver print, 1968. $5,000 to $7,500.
    <b>Swann Auction Galleries:</b> <i>March For Freedom Now!,</i> poster for the 1960 Republican Convention. $4,000 to $6,000.
  • <center><b>Chiswick Auctions<br>Books & Works on Paper<br>Including Autographs & Memorabilia<br>31 March 2020</b>
    <b>Chiswick Auctions, Mar. 31:</b> Rackham (Arthur). The Old Hag Standing Outside a Cottage, original drawing, signed by the artist, [c.1909]. £10,000 to £15,000.
    <b>Chiswick Auctions, Mar. 31:</b> Rowling (J.K.) <i>Harry Potter and the Philosopher's Stone,</i> FIRST EDITION, first printing, signed by the author, original pictorial wrappers, 1997. £4,000 to £6,000.
    <b>Chiswick Auctions, Mar. 31:</b> Castiglione (Giuseppe, after). Twelve plates from <i>Twenty views of the European Palaces of the Yuanming yuan,</i> 1783-1786. £4,000 to £6,000.
    <center><b>Chiswick Auctions<br>Books & Works on Paper<br>Including Autographs & Memorabilia<br>31 March 2020</b>
    <b>Chiswick Auctions, Mar. 31:</b> Spanish Antiphonal.- Antiphonal manuscript, [Spain], ca. 1650. £4,000 to £6,000.
    <b>Chiswick Auctions, Mar. 31:</b> Almanach de Gotha.- Almost complete run 1769 to 1945, 12mo & 8vo, Gotha, C.W. Ettinger [- Justus Perthes]. £4,000 to £6,000.
    <b>Chiswick Auctions, Mar. 31:</b> Bible, Greek.- New Testament [Greek], Novum Iesu Christi D.N. testamentum, ex bibliotheca regia, 2 parts in one, Robert Estienne, Paris, 1550. £2,000 to £3,000.
    <center><b>Chiswick Auctions<br>Books & Works on Paper<br>Including Autographs & Memorabilia<br>31 March 2020</b>
    <b>Chiswick Auctions, Mar. 31:</b> Lithgow (William). <i>The Total Discourse of the rare Adventures… from Scotland, to the most famous kingdoms in Europe, Asia, and Affrica…,</i> woodcut illustrations, 4to, I. Oakes, 1640. £2,000 to £3,000.
    <b>Chiswick Auctions, Mar. 31:</b> Spanish Interest.-16th -18th Century. Large collection of letters related to prominent members of the Spanish court and clergymen,; v.s., late 16th-mid 18th century. £1,800 to £2,200.
    <b>Chiswick Auctions, Mar. 31:</b> Darwin (Charles). <i>The Descent of Man, and Selection in Relation to Sex,</i> 2 vol., FIRST EDITION, first issue8vo, John Murray, 1871. £1,500 to £2,000.
    <center><b>Chiswick Auctions<br>Books & Works on Paper<br>Including Autographs & Memorabilia<br>31 March 2020</b>
    <b>Chiswick Auctions, Mar. 31:</b> Loewy (Raymond) ARR. Mickey Mouse, original gouache and air brush illustration of Mickey Mouse, signed by artist., n.p. [1946]. £1,500 to £2,000.
    <b>Chiswick Auctions, Mar. 31:</b> Potter (Beatrix) & Sendak (Maurice). <i>The Tale of Peter Rabbit,</i> NUMBER 2 OF 250 SIGNED COPIES, WITH AN ORIGINAL DRAWING BY SENDAK, New York, 1995. £1,500 to £2,000.
    <b>Chiswick Auctions, Mar. 31:</b> Wolstenholm (Jonathan) ARR. Books on Books, original watercolor, signed and dated by the artist, 2005.
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    <b>Arader Galleries, Apr. 4:</b> MITCHELL, John (1711-1768). A Map of the British and French Dominions in North America. Copperplate engraving with original hand color. London, 1755. $250,000 to $350,000.
    <b>Arader Galleries, Apr. 4:</b> AUDUBON, John James (1785 - 1851). Brown Pelican (Standing), Plate 251. Aquatint engraving with original hand color. London, 1827-1838. $175,000 to $225,000.
    <b>Arader Galleries, Apr. 4:</b> AUDUBON, John James (1785 - 1851). Fish Hawk or Osprey, Plate 81. Aquatint engraving with original hand color. London: 1827-1838. $100,000 to $150,000.
    <center><b>Arader Galleries<br>April Auction<br>April 4, 2020</b>
    <b>Arader Galleries, Apr. 4:</b> GONZALES DE MENDOZA, Juan (1545 - 1618). <i>The Historie of the great and mightie kingdome of China…</i> London, 1588. $100,000 to $150,000.
    <b>Arader Galleries, Apr. 4:</b> VERBIEST, Ferdinand (1623-1688). [World Map] Kun-Yu Ch'uan-Tu. Engraved twelve sheet map with vertical sections joined to form six sheets. Korea, Seoul, c. 1860. $100,000 to $150,000.
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    <center><b>Arader Galleries<br>April Auction<br>April 4, 2020</b>
    <b>Arader Galleries, Apr. 4:</b> AUDUBON, John James (1785 - 1851). Ivory-billed Woodpecker, Plate 66. Aquatint engraving with original hand color. London, 1827-1838. $80,000 to $120,000.
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