Rare Book Monthly

Articles - January - 2019 Issue

Understanding Valuation in a fast Changing World

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Understanding the money on your shelves

Presentation of historical data for the rare book field has been evolving for more years than any book collector can remember because it’s been clear and necessary for more than two hundred years that increasing information adjusts understanding, leading to periodic reconsideration of value.  And value is important because institutions, collectors and dealers often make their purchase and disposition decisions based on their current understanding of rarity, importance and value.  In the world today where value fluctuates, current valuation is always changing.

 

In the 19th century books and manuscripts were generally thought of as sometimes valuable but rarely significantly expensive.  Old auction and dealer records suggest that the absence of detailed data frequently led to pricing decisions based on cost.

 

In the late 19th century compilations of auction records began to make it possible to understand scale of interest expressed by re-appearances and prices paid.  Inevitably over the ensuing decades of the early 20th century cost basis lost relevance as rarity, significance and condition came to dominate pricing calculations.

 

During the final quarter of the 20th century several series of annually printed books provided auction records of the few firms then conducting book, manuscript, and map auctions.  These records were illustrative but hardly complete for they covered only a few of the auction houses, recorded only ‘sold’ material, truncated lot descriptions and charged high initiation fees for subscriptions leading to their records being overwhelmingly used by dealers while rarely by collectors.

 

In 2002 the Americana Exchange began to offer an online database of auction records.  It promised to cover more auction houses and more auctions.  Since then the Americana Exchange, now called Rare Book Hub, has grown to more than 2 billion words and 8.7 million full text records including both sold and unsold lots at auctions worldwide in the categories of rare books, manuscripts, maps and ephemera.

 

At the same time, listing sites such as Abebooks have become immense alternative free databases from which to ‘intuit’ valuation.  Such databases show some listings for rare material and many people, particularly those hoping to confirm higher values, can say I saw it listed [not sold] on Abe for $5,000 while simultaneous auction records almost always show the same material selling in the auction rooms at fractions of that value.

 

Today the Rare Book Hub Transaction Database is widely used both by acquirers and sellers who have come to understand that asking prices on listing sites too often do not reflect actual value.

 

To understand current value Rare Book Hub provides visitor and subscription access that provide such data.

 

So, give it a try.  It will be easy to use, quick and highly accurate

 

To sign up click here.

 

If you are currently a new or free member and need help to sign in call us at any hour at 877.323.7273 or 415.823.6678.  Alternatively contact me by email at bmckinney@rarebookhub.com.  We’ll get you started.


Posted On: 2019-01-06 07:19
User Name: garvey200

I am a "free member" but when I sign in, it says my "membership" has expired. I was enjoying and reading your articles and notified through matchmaker about books I'm interested in. Am I not allowed to continue my "free" membership?



Answer - If you were once a paid member, it will show your membership has expired. If you were always a free member, it should not. If you were once a paid member, just click the continue to the site button, and everything should work as it should, including Matchmaker. If it does not, please send us an email so we can figure out what has gone wrong.


Rare Book Monthly

  • <b><center>Doyle<br>Rare Books, Autographs & Maps<br>December 9</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 47. Roosevelt, Theodore. Photograph inscribed to Morris J. Hirsch. May 7th 1918. $1,500 to $2,500.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 178. Whitman, Walt. <i>Leaves of Grass.</i> Brooklyn, New York: [Printed for the author], 1955. First edition in the first issue binding. $70,000 to $100,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 38. Mather, Cotton. <i>Magnalia Christi Americana; or, the Ecclesiastical History of New-England.</i> London: Printed for Thomas Parkhurst, 1702. First edition. $3,000 to $5,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 55. Taylor, Zachary. Autograph letter signed as President-Elect. Baton Rouge: January 15, 1849. $5,000 to $8,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 203. Picasso, Pablo. <i>Verve</i> Vol. V, Nos. 19-20. Paris: Editions Verve, 1948. Inscribed on the title page by Picasso. $1,500 to $2,500.
    <b><center>Doyle<br>Rare Books, Autographs & Maps<br>December 9</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 211. Domergue, Jean-Gabriel. L'Ete a Monte Carlo. Lithographed poster, Lucien Serre & Cie, Paris, circa 1937. $1,000 to $1,500.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 105. Manuscript Illumination attr. to Neri da Rimini. Large excised initial "N" from a choirbook, extensively historiated. [Likely Rimini: first quarter of the 14th century]. $2,000 to $3,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 40. McKenney, Thomas L. and Hall, James. <i>History of the Indian Tribes of North America, with Biographical Sketches and Anecdotes of the Principal Chiefs.</i> Philadelphia: Rice, Rutter & Co., 1870. $3,00
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 222. Searle, Ronald. [Pets--a dog, cats and a parrot-- surrounded by books, and inspecting a globe, perhaps planning global domination]. Original drawing, 17 3/8 x 13 1/2 inches. $1,500 to $2,500.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 98. Faden, William; Scull, Nicholas and George Heap. A Plan of the City and Environs of Philadelphia, Survey'd by N. Scull and G. Heap. London: William Faden, 12 March 1777. $3,000 to $5,000.
  • <i>Der Sturm.</i> 1922. Sold October 2021 for € 13,000.
    Diophantus Alexandrinus, <i>Arithmeticorum libri sex.</i> 1670. Sold October 2021 for € 18,000.
    <i>Cozzani Ettore e altri, l’Eroica. Tutto il pubblicato.</i> Sold October 2021 for € 11,000.
    Newton Isaac, <i>Philosophiae naturalis principia mathematica.</i> 1714. Sold October 2021 for € 7,500.
    Manetti Saverio, <i>Storia naturale degli uccelli.</i> 1767-1776. Sold April 2021 for € 26,000.
  • <center><br>Swann Auction Galleries<br>Maps & Atlases<br>Natural History<br>& Color Plate Books<br>December 9, 2021</b>
    <b>Swann, Dec. 9:</b> AUDUBON, JOHN JAMES. Carolina Parrot. Plate 26. Hand-colored aquatint and engraved plate from Audubon's <i>Birds of America.</i> $80,000 to $100,000.
    <b>Swann, Dec. 9:</b> Francisco Henrique Carls. [Album de Pernambuco e seus Arrabaldes]. Fifty-three chromolithographed plates of landscape, town views and more of the state of Pernambuco, northeast Brazil. $25,000 to $35,000.
    <b>Swann, Dec. 9:</b> Captain Thomas Davies, after. Group of 5 engraved topographical scenes of North American waterfalls. $8,000 to $12,000.
    <center><br>Swann Auction Galleries<br>Maps & Atlases<br>Natural History<br>& Color Plate Books<br>December 9, 2021</b>
    <b>Swann, Dec. 9:</b> William R. Morley. Morley's Map of New Mexico. Large lithographed pocket map with original hand-color in outline. $7,000 to $10,000.
    <b>Swann, Dec. 9:</b> Frederick William Beechey, et al. <i>The Zoology of Captain Beechey's Voyage; Compiled from the Collections and Notes Made by Captain Beechey…</i> $7,000 to $10,000.
    <b>Swann, Dec. 9:</b> ZUDA ROKASHI (Priest Hotan.) Nansenbushu Bankoku Shoka No Zu. Woodblock wall map of the world on 16 sheets joined. $5,000 to $7,500.
  • <center><b>Sotheby’s<br>Zang Tumb Tuuum:<br>la révolution futuriste<br>Online Auction<br>30 November – 7 December</b>
    <b>Sotheby’s, Nov. 18:</b> The "Official Edition" of the United States Constitution and the First Printing of the Final Text of the Constitution, 1787. $15,000,000 to $20,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Marinetti, Filippo Tommaso. I Paroliberi Futuristi. 1914-1915. 8 p. Unique corrected proofs, for an anthology that remained unpublished. €40,000 to €60,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Cangiullo, Francesco. Studenti in Lettere. Università. 1915. Seminal work, featured in 3 historical futurist exhibitions. €20,000 to €30,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Cangiullo, Francesco. Chiaro di luna. Circa 1915. Collage and gouache on paper. €15,000 to €20,000.
    <b>Sotheby’s, Nov. 30 – Dec. 7:</b> Marinetti, Filippo Tommaso. Manicure. Faire les ongles à l'Italie. Circa 1915. A fantastic parody of an advertising poster. €20,000 to €30,000.

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