• <b>Chiswick Auctions: Rare Books & Works on Paper. January 23, 2019</b>
    <b>Chiswick Auctions, Jan 23:</b> Rossini (Luigi, artist & engraver). <i>Le Antichità Romane, ossia Raccolta della piu interessanti Vedute di Roma Antica,</i> 89 plates. £2500 to £3500
    <b>Chiswick Auctions, Jan 23:</b> Four original hand-painted propaganda posters, (550 x 770 mm.), North Korea, 2009. £1200 to £1800
    <b>Chiswick Auctions, Jan 23:</b> Plinius Secundus (Gaius). <i>Historia Natural,</i> 2 vol, Spanish translation, woodcut arms of Philip IV of Spain, Madrid, 1624; 1629 £600 to £800
    <b>Chiswick Auctions, Jan 23:</b> Nasmyth (James) & Carpenter (James). <i>The Moon,</i> FIRST EDITION, frontispiece and 24 plates, 1874. £600 to £800
    <b>Chiswick Auctions: Rare Books & Works on Paper. January 23, 2019</b>
    <b>Chiswick Auctions, Jan 23:</b> A group (12) of large size Chinese Cultural Revolution papercuts on red paper presented on white paper backing, featuring various slogans and images of General Mao. £600 to £800
    <b>Chiswick Auctions, Jan 23:</b> Coronelli (V. M.). <i>Tran-Siselana,</i> copper engraved, hand-coloured, title cartouche with four winds and four monkeys, coat of arms, Venice, c.1692; and 8 others. £600 to £800
    <b>Chiswick Auctions, Jan 23:</b> Pouchkine (Alexandre). <i>Contes populaires Russes… traduits … par Alexandra de Holstein et René Ghil,</i> FIRST EDITION, n. 165 of an edition of 270 copies. £400 to £600
  • <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> KNIGHT, HILARY. The Original Portrait of Eloise that Hung at the Plaza Hotel. $100,000 to 150,000
    <b>Bonhams, Dec 5:</b> WARHOL, ANDY. "Iced Lemon Delight," an Original Watercolor Presented to Hilary Knight's cat, Phoebe $8,000 to 12,000
    <b>Bonhams, Dec 5:</b> SENDAK, MAURICE. <i>Where the Wild Things Are.</i> PRESENTATION COPY, INSCRIBED with drawing to Hilary Knight in the month following publication. $10,000 to 15,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> NOLAND, KENNETH. Original circle painting, untitled, acrylic and ink on cloth, for cover of monograph $8,000 to 12,000
    <b>Bonhams, Dec 5:</b> TOULOUSE-LAUTREC. <i>Histoires Naturelles,</i> 1899. With 22 original lithographs. $10,000 to 15,000
    <b>Bonhams, Dec 5:</b> SHAKESPEARE, WILLIAM. <i>A Collection of Poems,</i> [1711]. The first authoritative and complete collected Sonnets.$15,000 to 20,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> LONDON, JACK. <i>The Call of the Wild.</i> 1903. First edition, first state jacket. $2,000 to 3,000
    <b>Bonhams, Dec 5:</b> FROST, ROBERT. Autograph Manuscript of "Build Soil," 12 pp, 1932-1936. $15,000 to 20,000
    <b>Bonhams, Dec 5:</b> GOULD, GLENN. Glenn Gould's extensively annotated copy of Bach's Goldberg Variations $100,000 to 150,000
    <b>Bonhams New York: Fine Books and Manuscripts Including the World of Hilary Knight. December 5, 2018</b>
    <b>Bonhams, Dec 5:</b> PLATH, SYLVIA. EARLY Autograph Letter Signed, about her beginnings as a writer, Northampton, MA, 1951. $7,000 to 10,000
    <b>Bonhams, Dec 5:</b> HOUDINI, HARRY. A collection of 11 cast iron shackle and lock items from Houdini's personal collection. $20,000 to 30,000
    <b>Bonhams, Dec 5:</b> M4 ENGIMA MACHINE, with very rare RARE HYDRA KEY ENVELOPE. $400,000 to 600,000
  • <b>Shapero Rare Books:</b> Fine Illustrated Books. 50 illustrated works across a range of subjects.
    <b>Shapero Rare Books:</b> Present Perfect. Books & works on paper including Literature, Children’s & Illustrated, Sports & Pastimes, Modern Prints and more.
    <b>Shapero Rare Books:</b> The House of Romanov, marking the centenary of the tragic demise of the Romanov dynasty.
    <b>Shapero Rare Books:</b> CHAGALL & GOGOL. Les âmes mortes, 1948. Chagall’s first major illustrated book.
    <b>Shapero Rare Books:</b> GUSTAV KLIMT, eine nachlese, 1931. An important early monograph on Klimt.
    <b>Shapero Rare Books:</b> ELLIOT. Birds of North America, 1866. One of 200 2 vols sets, folio.
    <b>Shapero Rare Books:</b> PURCHAS. His Pilgrimes/Pilgrimage, 1625-26. 5 vols. Probably the greatest collection of voyages ever published.
    <b>Shapero Rare Books:</b> HUXLEY. Brave New World, 1932. Exceptionally fine first edition.
    <b>Shapero Rare Books:</b> KELMSCOTT PRESS. Poems of Shakespeare, one of 500, publisher’s vellum.
    <b>Shapero Rare Books:</b> LEROUX. Phantom of the Opera, 1911. First UK edition in fine S&S binding.
    <b>Shapero Rare Books:</b> INDIANA, Robert. The American Dream, one of 30 AP copies, 30 screen prints.
    <b>Shapero Rare Books:</b> BENOIS. Tsarskoe Selo during the Reign of Elizaveta Petrovna, St Petersburg, 1910. Deluxe issue.
    <b>Shapero Rare Books:</b> CORONATION ALBUM. Description du sacre et du couronnement de leurs Majestés Impériales, 1883. One of 200.
    <b>Shapero Rare Books:</b> IMPERIAL FAMILY. Signed original photograph of Tsar Nicholas II’s 4 daughters.
    <b>Shapero Rare Books:</b> Souvenir du Couronnement de Leurs Majestés Imperiales a Moscou, 1896.
  • <b>19th Century Shop:</b> Charles Darwin on sexuality and the transmission of hereditary characteristics: Autograph Letter Signed to Lawson Tait. Down, 17 January [1877].
    <b>19th Century Shop:</b> MILTON, JOHN. <i>Paradise Lost. A Poem written in ten books.</i> London: 1667. A very rare example with the contemporary binding untouched and with a 1667 title page.
    <b>19th Century Shop:</b> Hamilton secures the ratification of the Constitution: <i>The Debates and Proceedings of the Convention of the State of New-York, assembled at Poughkeespsie, on the 17th June, 1788.</i>
    <b>19th Century Shop:</b> The social contract “Man is born free, and everywhere he is in chains”: ROUSSEAU, JEAN-JACQUES. <i>Principes du Droit Politique [Du Contract Social]</i>. Amsterdam: Michel Rey, 1762
    <b>19th Century Shop:</b> “The first English textbook on geometrical land-measurement and surveying”: BENESE, RICHARD. <i>This Boke Sheweth the Maner of Measurynge All Maner of Lande…</i>

Rare Book Monthly

Articles - January - 2019 Issue

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

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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>Swann Auction Galleries, Jan 29:</b> Leonard Baskin, <i>Diptera: A Book of Flies & Other Insects,</i> Gehenna Press, 1983. $6,000 to $9,000.
    <b>Swann Auction Galleries, Jan 29:</b> Georg Heym, <i>Umbra Vitae,</i> illustrated by Ernst Ludwig Kirchner, first edition, Munich, 1924. $6,000 to $9,000.
    <b>Swann Auction Galleries, Jan 29:</b> Edgar Allan Poe, <i>The Raven,</i> special copy for illustrator Alan James Robinson, first book from Cheloniidae Press, 1980. $3,000 to $4,000.
    <b>Swann Auction Galleries, Jan 29:</b><br>W.B. Yeats, <i>Poems,</i> illustrated by Richard Diebenkorn, accompanied by a suite of 6 etchings, 1990. $12,000 to $18,000.
    <b>Swann Auction Galleries, Jan 29:</b> Georges Rouault, <i>Cirque de l’Étoile Filante,</i> Paris, 1938. $30,000 to $40,000.
    <b>Swann Auction Galleries, Jan 29:</b> François-Louis Schmied, <i>Le Cantique des Cantiques,</i> Paris, 1925. $10,000 to $15,000.
    <b>Swann Auction Galleries, Jan 29:</b> Frank Lloyd Wright, <i>Ausgeführte Bauten und Entwürfe,</i> Berlin, Ernst Wasmuth, 1910. $8,000 to $12,000.
    <b>Swann Auction Galleries, Jan 29:</b> Hans Bellmer & Georges Hugnet, <i>Oeillades ciselées en branch,</i> Paris, 1939. $2,000 to $3,000.
    <b>Swann Auction Galleries, Jan 29:</b> Wassily Kandinsky, <i>Klänge,</i> first edition, Munich, 1913. $30,000 to $40,000.
    <b>Swann Auction Galleries, Jan 29:</b> Charles Dickens, <i>The Nonesuch Dickens,</i> limited edition, 1937-38. $5,000 to $7,500.
    <b>Swann Auction Galleries, Jan 29:</b> Rudyard Kipling, <i>Le Livre de la Jungle,</i> plates by Paul Jouve, engraved by F.L. Schmied, Paris, 1919. $7,000 to $10,000.
    <b>Swann Auction Galleries, Jan 29:</b> Georges Lepape, <i>Les Choses de Paul Poiret,</i> Paris, 1911. $3,500 to $5,000.
  • <b>Sotheby’s NY, Jan 24:</b> Kingsborough, Edward King. <i>Antiquities of Mexico: Comprising Facsimiles of Ancient Mexican Paintings and Hieroglyphics…</i> London, 1831-1848. $80,000 to $120,000
    <b>Sotheby’s NY, Jan 24:</b> Paul Revere. <i>The Bloody Massacre perpetrated In King-Street Boston on March 5th 1770 by a party of the 29th Reg. Boston, 1770.</i> $150,000 to $200,000
    <b>Sotheby’s NY, Jan 24:</b> Battle of the Alamo. <i>Suplemento al Diario del Gobierno de la Republica Mexicana.</i> (Núm. 326. Tom. IV.). Mexico City: Imprenta del Aguila, Dirigida por José Ximeno, 1836. $6,000 to $8,000
    <b>Sotheby’s NY, Jan 24:</b> The Declaration of Independence. The first book-form printing of the Declaration of Independence. $300,000 to $500,000
    <b>Sotheby’s NY, Jan 24:</b> Treaty of Paris, Ratification. By the United States in Congress Assembled, A Proclamation … Annapolis, [Ca. 16-17 January 1784]. $800,000 to $1,200,000
    <b>Sotheby’s NY, Jan 24:</b> Declaration of Independence. The only known privately held copy of the celebrated William J. Stone facsimile for which provenance can be traced back to a direct ancestor who received it in 1824. $600,000 to $800,000
    <b>Sotheby’s NY, Jan 24:</b> Crockett, David. Autograph letter signed ("David Crockett") to George Patton, announcing his intention to travel to Texas. $70,000 to $100,000
    <b>Sotheby’s NY, Jan 24:</b> Wytfliet, Cornelius. <i>Descriptionis Ptolemaicae Augmentum, Sive Occidentalis Notitia Brevi Commentario Illustrata.</i> Leuven: Johannes Bogaerts 1597. $35,000 to $50,000
    <b>Sotheby’s NY, Jan 24:</b> Schedel, Hartmann. <i>Liber Cronicarum cum Figuris et Ymaginibus.</i> Nuremberg, Anton Koberger for Sebald Schreyer and Sebastian Kammermeister, 12 July 1493. $70,000 to $100,000
    <b>Sotheby’s NY, Jan 24:</b> New York Mets. Baseball from the first victory of the New York Mets. $25,000 to $35,000
    <b>Sotheby’s NY, Jan 24:</b> Robert E. Lee. Autograph letter signed ("R E Lee") as Confederate commander, to Rabbi Max Michelbacher, declining to furlough Jewish Confederate troops for the high holy days. $150,000 to $250,000
  • <b>Il Ponte Casa d’Aste: Books and Manuscripts. January 22, 2019</b>
    <b>Il Ponte Casa d’Aste, Jan 22:</b> [MAGGIOLO, Vesconte] <i>Carta nautica manoscritta, bottega di Vesconte Maggiolo.</i> Italy, c.1550. Previously unknown extraordinary portolan chart. €50,000 to 80,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b><br>LA PÉROUSE, Jean-François. <i>Voyage de la Pérouse autour du monde.</i> Paris: L'Imprimerie de la République, 1797. €6,000 to 9,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> PEREA Y ROJAS, Daniel. The preparatory watercolours to the renown album <i>A Los Toros.</i> €4,000 to 6,000
    <b>Il Ponte Casa d’Aste: Books and Manuscripts. January 22, 2019</b>
    <b>Il Ponte Casa d’Aste, Jan 22:</b> MELA, Pomponio. <i>Cosmographia, sive De situ orbis.</i> Venice, 1478 [Bound with] DIONISIO il Periegeta. <i> De situ orbis…</i> Venice, 1478. €6,000 to 9,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> DE FELICE, Fortunato Bartolomeo. <i>Encyclopedie, ou dictionnaire universel raisonne des connoissances humaines.</i> Yverdon, 1770-1780. €4,000 to 6,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> VECELLIO, Cesare. <i>De gli habiti antichi et moderni di diverse parti del mondo.</i> Venice: Damian Zenaro, 1590. €3,000 to 5,000
    <b>Il Ponte Casa d’Aste: Books and Manuscripts. January 22, 2019</b>
    <b>Il Ponte Casa d’Aste, Jan 22:</b> FALDA, Giovanni Battista; SPECCHI, Alessandro. <i>Il nuovo teatro delle fabriche…</i> [bound with] <i>ll quarto libro del nuovo teatro delli palazzi in prospettiva di Roma moderna.</i> 1665-1699. €4,000 to 6,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> FALDA Giovan Battista. <i>Le fontane di Roma nelle piazze e luoghi pubblici della citta - Le fontane delle ville di Frascati nel Tusculano…</i> Rome, [1691]. €2,000 to 3,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> FERRERIO, Pietro & Giovanni Battista FALDA. <i> Palazzi di Roma de piu celebri architetti disegnati… [1655 – 1677]. €2,500 to 3,000
    <b>Il Ponte Casa d’Aste: Books and Manuscripts. January 22, 2019</b>
    <b>Il Ponte Casa d’Aste, Jan 22:</b> VON JACQUIN, Joseph Franz. <i>Eclogae graminum rariorum.</i> Vienna: Strauss Sommer, 1813-1844. €2,000 to 3,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> Prayer book according to the synagogical Ashkenazy rite in an elegant and precious silver binding. €3,000 to 5,000
    <b>Il Ponte Casa d’Aste, Jan 22:</b> BOCCACCIO, Giovanni. <i>Ameto.</i> Venice: Nicolo Zoppino, 1524. €3,000 to 5,000

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