• <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Johann Wolfgang von Goethe: Autograph album leaf signed, 1826. €9,000 to €12,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Franz Kafka: Autograph letter unsigned, 1924. €15,000 to €20,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Torquato Tasso: Autograph poem signed, no date. €12,000 to €16,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Charles Darwin: Autograph letter signed, 1866. €4,500 to €6,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Albert Einstein: Autograph letter signed, 1933. €6,000 to €8,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Heinrich Hertz: Autograph manuscript signed, 1889. €18,000 to €24,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Giambattista Bodoni: Autograph letter signed, 1787. €900 to €1,200.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Francisco de Goya: Autograph letter signed, 1789. €18,750 to €25,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Martin Luther: Notes from his desk, no date. €30,000 to €40,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Ludwig van Beethoven: Autograph letter signed, 1816. €22,500 to €30,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Gustav Mahler: Foto portrait signed and annotated, 1907(?). €7,500 to €10,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Bed?ich Smetana: Autograph letter signed, 1883. €4,500 to €6,000.
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Roman binding.- Pindar. <i>Olympia, Pythia, Nemea, Isthmia,</i> translated by Johannes Lonicer, contemporary Roman binding by Niccolo Franzese, Basel, 1535. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Raverat (Gwen). Comprehensive album of 530 wood engravings, circa 1909-1950. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Hemingway (Ernest). <i>Fiesta,</i> first English edition, first impression dust-jacket, 1927. £15,000 to £20,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Fleming (Ian). <i>Casino Royale,</i> first edition, first impression, 1953. £12,000 to £18,000.
    <b>Forum, Mar. 30:</b> Dickens (Charles). <i>Great Expectations,</i> 3 vol., first edition, first impression, Chapman and Hall, 1861. £10,000 to £15,000.
    <b>Forum, Mar. 30:</b> Campbell (Colen) & others. <i>Vitruvius Britannicus, or The British Architect...,</i> 5 vol., vol.1-3 later editions, vol.4 & 5 first editions, [?1731]-31-67-71. £10,000 to £15,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Geography.- Mela (Pomponius). <i>Cosmographia, sive De situ orbis,</i> Venice, Franciscus Renner de Heilbronn, 1478. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> America.- [?Espinosa y Tello (José)]. <i>Relacion del Viage hecho por las Goletas Sutil y Mexicana en el Año de 1792,</i> 2 vol. including Atlas, first edition, Madrid, 1802. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Australasia.- Péron (Francois) and Louis-Claude de Saulces de Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £8,000 to £12,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Botany.- Curtis (William). <i>The Botanical Magazine; or, Flower-Garden Displayed,</i> 83 vol. in 62, 1794-1956. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Darwin (Charles).- Lecky (W.E.H.) <i>The Rise and Influence of Rationalism in Europe,</i> 2 vol., Darwin's copy with inscription "Charles Darwin 1865", pencil marginalia and pencil notes, 1865. £7,000 to £10,000.
  • <b><center>Swann Auction Galleries<br>Printed & Manuscript African Americana:<br>March 30, 2023</b>
    <b>Swann March 30:</b> Victor H. Green, <i>The Negro Motorist Green Book,</i> New York, 1949. $10,000 to $15,000.
    <b>Swann March 30:</b> Papers of pianist-composer Lawrence Brown relating to Paul Robeson & more, various places, 1925-54. $5,000 to $7,500.
    <b>Swann March 30:</b> Freedom Summer archive of civil rights activist Karen Haberman Trusty, Atlanta & elsewhere, 1963-64. $5,000 to $7,500.
    <b>Swann March 30:</b> E. Simms Campbell, <i>A Night-Club Map of Harlem,</i> New York, 1933. $8,000 to $12,000.
    <b>Swann March 30:</b> Archive of letters from the sculptor Richmond Barthé to a close Jamaican friend, various places, 1966-85. $25,000 to $35,000.

Rare Book Monthly

Articles - January - 2019 Issue

Scholium Group Reports £56,000 Loss in First Half of Fiscal Year

15c6ee1f-281f-49cd-bf3d-bce885741c71

The Scholium Group, corporate parent of Shapero Rare Books, released its interim financial report for the six months ending September 30, 2018. While holding several divisions, Shapero Rare Books is the largest part of their business. As the only publicly traded rare and antiquarian book specialist, their results can provide a window on the market.

 

The report showed Scholium had a loss of £56,000 for the six months, compared to a profit of £61,000 the prior year. Revenue was down slightly, but gross margin was up by 4%. However, as is often the case with corporate statements, this isn't a very accurate yearly comparison. A couple of factors intervened to make this something other than an apples-to-apples comparison.

 

During the past year, Scholium added a new division, Mayfair Philatelics. As with most startup businesses, it incurred a loss, while adding to overall revenue. Expenses rose year over year by £242,000, but of this amount, £220,000 was attributable to the new stamp business. In all, Mayfair Philatelics lost £104,000. If this is removed, the year-to-year comparison would have been a profit of £48,000 compared to prior year profits of £61,000. In addition, a minor change in the timing of accounting for revenue reduced income by another £14,000, meaning income, on a fair comparison basis, was virtually the same as the prior year.

 

Overall sales decreased slightly despite the addition of sales, albeit unprofitable ones, from Mayfair Philatelics. This reflects a decrease in sales of £241,000 by Shapero Rare Books. This again is a misleading number. Regular sales were actually up at Shapero. The difference is that last year they made an en bloc sale of a 50% interest in their Russian inventory to a former employee. This generated a larger amount of sales, but no income as the material was sold to the former employee at cost. The result is that while Shapero's sales technically decreased, its gross profit margin also, technically, increased by the removal of a large volume of profitless sales. Overall, Shapero Rare Books, and the smaller Shapero Modern, registered an increase in profits of about £20,000.

 

In describing its strategy, Scholium noted a plan common to many private booksellers, "diversification of revenue streams." In Scholium's case, that is represented by the Mayfair collectible stamp business. They have been selling more items at auction as well, and attempting to sell on behalf of others, rather than holding everything in inventory. These steps can reduce cash needs and inventory holdings while speeding turnover. Scholium noted that the firm is "focused on reducing its inventory as part of the process of rebalancing its business towards consignments from third parties for either retail or auction sales." They further noted that "increasing the number of consignments, as compared with purchasing stock," is part of then plan for "both its books and philatelic businesses."

 

The firm did point out that it expects costs to increase over the next six months. The Mayfair business, which held one auction in the past six months, has three scheduled for the coming six months. Both Mayfair and Shapero have more fairs and catalogues scheduled for the coming period, which will add to marketing expenditures. On the other side, that increased activity is anticipated to add to revenues as well.

 

Speaking of the half-year results, Scholium Group's Chairman, Jasper Allen, stated, "It has been pleasing that the group's main trading subsidiary, Shapero Rare Books, and Scholium Trading continue to trade profitably in this first six months to 30 September 2018." Plans for the future include maintaining the momentum at Shapero Rare Books and increasing revenues in the stamp business, while reducing the level of stock.

Rare Book Monthly

  • <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> DADA - <i>Cabaret Voltaire.</i> A collection of artistic and literary contributions. Edited by Hugo Ball. CHF 5,000 to 8,000.
    <b>Koller, Mar. 29:</b> EXPRESSIONISM - <i>Der Sturm.</i> Weekly magazine for culture and the arts. Almost complete suite from the years 1910 to 1932. CHF 20,000 to 30,000.
    <b>Koller, Mar. 29:</b> LISBON EARTHQUAKE - <i>Augsburg collection of copper engravings of Lisbon. CHF 40,000 to 60,000.
    <b>Koller, Mar. 29:</b> Hamilton, William. <i>Campi Phlegraei. Observations on the Volcanos of the Two Sicilies as they have been communicated to the Royal Society of London.</i> Naples, 1776-1779. CHF 50,000 to 70,000.
    <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> Leonardi, Domenico Felice. <i>Le Delizie della villa di Castellazzo descritte in verso dall'abbate Domenico Felice Leonardi lucchese fra gli Arcadi Ildosio Foloetico.</i> Milan, 1743. CHF 12,000 to 18,000.
    <b>Koller, Mar. 29:</b> Zwingli, Huldrych. <i>Von erkiesen und freyhait der speisen. Von ergernusz und Verbößerung. Ob man gewalt hab die speyß zu etlichen zeyten verbieten [...]</i>. CHF 2,500 to 4,000.
    <b>Koller, Mar. 29:</b> HENDRIK VAN VULLENHOE, UMKREIS. Benedictional and other texts for Johannes von Venningen, Bishop of Basel. Latin manuscript on parchment. CHF 50,000 to 80,000.
    <b>Koller, Mar. 29:</b> Gujer, Hans Rudolf. Master typist's book by Hans Rudolf Gujer from Wermetschweil (Wermatswil). German manuscript on paper. CHF 3,000 to 5,000.
  • <center><b>Gonnelli<br>Auction 41<br>Books, Autographs & Manuscripts<br>March 21st-23rd 2023</b>
    <b>Gonnelli:</b> Nabokov, <i>Lolita,</i> 1955. First edition, mint copy. Starting price 1900€
    <b>Gonnelli:</b> Marinetti, <i>Zang Tumb Tuuum,</i> 1914. First edition. Starting price 1600€
    <b>Gonnelli:</b> A collection of <i>Playboy,</i> starting price from 20€
    <b>Gonnelli:</b> Kepler, <i>Dioptrice,</i> 1611. First edition. Starting price 9500€
    <b>Gonnelli:</b> Barbault, <i>Les plus beaux Monuments de Rome,</i> 1761-1766. Starting price 5500€
    <b>Gonnelli:</b> Watson, <i>Dendrologia Britannica,</i> 1825. Starting price 380€

Article Search

Archived Articles

Ask Questions