Rare Book Monthly

Articles - December - 2017 Issue

Follow-Up: Declaration of Independence Sells for $1.8 Million

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Attendees at auction, including winning bidder Holly Kinyon, front row, third from left (from Blanchard's video).

Last month, we wrote about a very early copy of the Declaration of Independence coming up for sale at auction (click here). It was the first New York edition, printed on July 9, 1776, just five days after the momentous occasion. All such early printings are very valuable. This one was estimated to sell for between $500,000-$1,000,000. That struck us at the time as the likely outcome, based on sales of other early copies in recent years.

 

However, there was one unusual variable in this case. The Declaration was not being sold in New York or London, and not by a well-known auction house such as Sotheby's or Christie's. Rather, it was being sold by the obscure Blanchard's Auction Service in Potsdam, New York. Potsdam is a small community of fewer than 10,000 residents in far upstate New York, just 50 miles from the Canadian border. It was being sold in Potsdam because the unnamed owner, a descendant of the Declaration's original owner who lived on Long Island, now lives in the area. Would this far away location result in this Declaration of Independence slipping through the cracks, the major potential buyers unaware of its existence?

 

Now we have our answer - no. The unnamed seller did not miss out based on his/her selection of a local auction house. The Declaration sold for $1,500,000, or $500,000-$1,000,000 above the estimate range. Add the buyer's premium and that comes to $1.8 million. We will presume the seller is pleased with the result.

 

The buyer was not from the usual list of suspects one would have expected for this lot. Indeed, she was probably not on anyone's radar. She was Holly M. Kinyon of Malibu, California. She flew in from California, making it just in time. She identified herself as a descendant of John Witherspoon, one of the signers of the Declaration of Independence. She said the document is extremely important to her personally and she plans at some point to put it on display. Reportedly, two other bidders were present at the sale while another ten manned the phone lines. The room was packed, but it was mostly local residents who were there to view the event, not participate in the bidding.

 

Only one other lot was sold that day, a collection of broadsides and other documents from the same time period, 83 in all, some unique. They was estimated at $25,000-$50,000 and also sold way above estimate at $290,000, or $348,000 all in. The buyer once again was Ms. Kinyon.

 

 

Rare Book Monthly

  • <b><center>Sotheby’s<br>James Bond: A Collection of<br>Books and Manuscripts<br>The Property of a Gentleman<br>11 November 2020<br>London</b>
    <b>Sotheby’s, Nov. 11:</b> FLEMING | <i>Casino Royale,</i> 1953, first edition, presentation copy. £50,000 to £70,000.
    <b>Sotheby’s, Nov. 11:</b> FLEMING | <i>Live and Let Die,</i> 1954, first edition, presentation copy inscribed to Winston Churchill. £50,000 to £70,000.
    <b>Sotheby’s, Nov. 11:</b> FLEMING | <i>Moonraker,</i> 1955, first edition, presentation copy inscribed to Raymond Chandler. £70,000 to £100,000.
    <b><center>Sotheby’s<br>James Bond: A Collection of<br>Books and Manuscripts<br>The Property of a Gentleman<br>11 November 2020<br>London</b>
    <b>Sotheby’s, Nov. 11:</b> FLEMING | Diamonds are Forever, [1955-56], the final revised typescript. £80,000 to £120,000.
    <b>Sotheby’s, Nov. 11:</b> FLEMING | <i>The Spy Who Loved Me,</i> 1962, first edition, presentation copy to Robert Kennedy. £35,000 to £50,000.
    <b>Sotheby’s, Nov. 11:</b> FLEMING | <i>From Russia, With Love,</i> 1957, first edition. £2,000 to £3,000
  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> MACHIAVELLI, Niccolò. <i>Nicholas Machiavel's Prince. Also, The life of Castruccio Castracani of Lucca…</i> Translated by Edward Dacres. London, 1640. $25,000 to $35,000.
    <b>Hindman Auctions, Nov. 12-13:</b> FILSON, John. <i>The Discovery, Settlement and present State of Kentucke: and An Essay towards the Topography, and Natural History of that important Country…</i> Wilmington, Del.: James Adams, 1784. $20,000 to $30,000.
    <b>Hindman Auctions, Nov. 12-13:</b> ELUARD, Paul. <i>Un poeme dans chaque livre.</i> Paris: Louis Broder, 1956. $20,000 to $30,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> LEWIS, James Otto. [<i>Aboriginal Port Folio.</i> Philadelphia: Published by the Author, 1835-1836]. $15,000 to $25,000.
    <b>Hindman Auctions, Nov. 12-13:</b> [ILLUMINATED MANUSCRIPTS]. BOOK OF HOURS, use of Rome, in Latin. [Southern Netherlands (Ghent or Bruges), c.1460]. $8,000 to $12,000.
    <b>Hindman Auctions, Nov. 12-13:</b> MORE, Thomas, Sir. <i>The Workes ... wrytten by him in the Englysh tongue.</i> Edited by William Rastell. London, 1557. $8,000 to $12,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> [KELMSCOTT PRESS]. MORRIS, William. <i>Love is Enough.</i> Hammersmith: The Kelmscott Press, 1897. $5,000 to $6,000.
    <b>Hindman Auctions, Nov. 12-13:</b> LINCOLN, Abraham. Autograph endorsement signed as President (“A. Lincoln”), 24 February 1863. $4,000 to $6,000.
    <b>Hindman Auctions, Nov. 12-13:</b> WASHINGTON, George. Address panel with autograph free frank signed ("G:o Washington"), as Commander in Chief of the Continental Army, 5 August 1777. $3,000 to $5,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> GOREY, Edward. <i>The Beastly Baby.</i> N.p.: The Fantod Press, 1962. $1,000 to $1,500.
    <b>Hindman Auctions, Nov. 12-13:</b> FROST, Robert. Photographic reproduction signed and inscribed ("Robert Frost”), to R.V. Thornton, 1955. $1,000 to $1,500.
    <b>Hindman Auctions, Nov. 12-13:</b> GOREY, Edward. <i>The Bug Book.</i> New York: Looking Glass Library, 1959. $500 to $700.
  • <b>Swann Auction Galleries Nov 17:</b> Jane Austen, <i>Pride & Prejudice,</i> 3 volumes, first edition, London, 1813. $20,000 to $30,000.
    <b>Swann Auction Galleries Nov 17:</b> John Hancock, Uncommon Privateer Commission, signed as President of Continental Congress, 1777. $6,000 to $9,000.
    <b>Swann Auction Galleries Nov 17:</b> Frank Lloyd Wright, photograph signed & inscribed. $2,000 to $3,000.
    <b>Swann Auction Galleries Nov 17:</b> Abraham Lincoln, document signed conscripting troops for first national draft in U.S., 1863. $15,000 to $25,000.
    <b>Swann Auction Galleries Nov 17:</b> Jane Austen, <i>Sense & Sensibility,</i> 3 volumes, first edition, London, 1811. $30,000 to $40,000.
    <b>Swann Auction Galleries Nov 17:</b> Charles Dickens, <i>American Notes for General Circulation,</i> first edition, inscribed to Richard Henry Dana, Jr., London, 1842. $30,000 to $40,000.
    <b>Swann Auction Galleries Nov 17:</b> John Maynard Keynes, <i>The General Theory of Employment, Interest & Money,</i> first edition, London, 1936. $5,000 to $7,500.
    <b>Swann Auction Galleries Nov 17:</b> Alexandre Raymond, <i>L’Art Islamique en Orient,</i> 2 volumes, first editions, Péra-Constantinople, 1922-24. $3,000 to $4,000.
    <b>Swann Auction Galleries Nov 17:</b> Igor Stravinsky, autograph musical quotation signed, 3 bars from <i>Perséphone,</i> 1936. $1,500 to $2,500.
  • <b>Christie’s, Nov 3 :</b> REGAMEY, Felix (1844-1906). Unique drawing showing Verlaine and Rimbaud in London, September 1872. €70,000 to 100,000
    <b>Christie’s, Nov 3 :</b> LABORDE, Alexandre de (1773-1842). <i>Voyage pittoresque et historique de l’Espagne.</i> Paris : 1806-1820. €20,000 to 30,000
    <b>Christie’s, Nov 3 :</b> BOCCACE, Jean (1313-1375). <i>Il Decamerone…</i> Venise : Gabriele Giolito di Ferrari, 1542.<br>€ 12,000 to 15,000
    <b>Christie’s, Nov 3 :</b> LAMBERT, Yvon (1936). Full collection of writings from <i>Une rêverie émanée de mes loisirs.</i> Paris : 1992 - 2018. €50,000 to 70,000
    <b>Christie’s, Nov 3 :</b> JOUVE, Paul (1878-1973) -- KIPLING, Rudyard (1865-1936). <i>La Chasse de Kaa.</i> Paris : Javal & Bourdeaux, 1930. €2,000 to 3,000

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