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>Forum Auctions: Fine Books, Manuscripts and Works on Paper. March 28, 2019</b>
    <b>Forum Auctions, Mar 28:</b> Greco (Gioachino). <i>Primo modo del gioco de Partito…</i> Manuscript, France, 1624 or 1625. A collection of partiti, or 'chess problems' by one of the most important figures in the history of chess. £20,000 to £30,000.
    <b>Forum Auctions, Mar 28:</b> Herodotus. <i>Historiae,</i> translated into Latin by Lorenzo Valla and edited by Antonio Mancinelli. Venice, 1494. £15,000 to £20,000.
    <b>Forum Auctions, Mar 28:</b> Darwin (Charles). Autograph Letter signed to his cousin Reginald Darwin, Down, Beckenham, Kent, 27th March 1879. £12,000 to £18,000.
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. March 28, 2019</b>
    <b>Forum Auctions, Mar 28:</b> Nicolay (Nicolas de). <i>The Navigations, peregrinations and voyages, made into Turkie,</i> first edition in English, Imprinted at London by Thomas Dawson, 1585. £10,000 to £15,000.
    <b>Forum Auctions, Mar 28:</b> Saint-Exupéry (Antoine de). <i>The Little Prince,</i> number 66 of 525 copies signed by the author, 1943. £8,000 to £12,000.
    <b>Forum Auctions, Mar 28:</b> Catlin (George, 1796-1872). Tuch-ee, A Celebrated War Chief of the Cherokees, watercolour, [circa 1834]. £6,000 to £8,000.
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. March 28, 2019</b>
    <b>Forum Auctions, Mar 28:</b> Genetics.- A collection of c.300 pamphlets on genetics comprising many of the major contributions from the first half of the 20th century. £5,000 to £7,000.
    <b>Forum Auctions, Mar 28:</b> India.- Rajasthan.- Kota School (probably late 18th c.). Elephant in a landscape with chains around his feet, brush and black ink with opaque pigments. £5,000 to £7,000.
    <b>Forum Auctions, Mar 28:</b> Commelin (Caspar). <i>Horti medici Amstelaedamensis plantae rariores et exoticae,</i> first edition, 48 finely hand-coloured engraved plates, Leiden, F.Haringh, 1706. £4,000 to £6,000.
    <b>Forum Auctions: Fine Books, Manuscripts and Works on Paper. March 28, 2019</b>
    <b>Forum Auctions, Mar 28:</b> Plague-water and cookery & medical recipes.- Jackson (Mrs Sarah). Medical and cookery recipes, manuscript in several hands, title and 134pp., 1688-1755. £4,000 to £6,000.
    <b>Forum Auctions, Mar 28:</b> Vernet (<i>After</i> Joseph, 1714-1789). <i>[Vues des ports de France],</i> sixteen plates (of 18), etchings and engravings by Charles Nicolas Cochin fils and Jacques Philippe Le Bas, [c.1760-1780]. £4,000 to £6,000.
    <b>Forum Auctions, Mar 28:</b> Detmold (Edward Julius, 1883-1957). Parrots and Butterflies, watercolour. £2,500 to £3,500.
  • <b>Koller Auctions: Books & Autographs. March 26, 2019</b>
    <b>Koller Auctions, Mar 26:</b> Jacques Gamelin. <i>Nouveau recueil d'osteologie et de myologie, dessine d'apres nature...</i> 2 parts in 1 vol., large folio, 82 copper plates. CHF 12,000 to 18,000
    <b>Koller Auctions, Mar 26:</b> Melchior Pfintzing. <i>Die geverlicheiten und einsteils geschichten des loblichen streytparen...</i> 118 woodcut engravings, first edition. CHF 30,000 to 50,000
    <b>Koller Auctions, Mar 26:</b> Book of hours. Handwritten Latin text on vellum. With 17 large miniatures, Flanders, c.1460. CHF 70,000 to 90,000
    <b>Koller Auctions, Mar 26:</b> Maria Sibylla Merian. <i> Dissertatio de generatione et metamorphosibus insectorum Surinamensium,</i> 72 copper plates, Den Haag, 1726. CHF 60,000 to 90,000
  • <b>Swann Auction Galleries Mar 21:</b> Princess Diana, group of 6 ALS to the editor of British Vogue, 1989-92. $5,000 to $7,500.
    <b>Swann Auction Galleries Mar 21:</b> Joseph Brant, Mohawk Chief, ALS, writing with news after pledging support to King George III against the American rebels, 1776. $20,000 to $30,000.
    <b>Swann Auction Galleries Mar 21:</b> Ulysses S. Grant, photograph dated & signed as President, portrait by Brady, 1875. $3,000 to $4,000.
    <b>Swann Auction Galleries Mar 21:</b> Alexander Graham Bell, ALS, accepting an invitation to tea during his only trip to Japan, 1898. $1,000 to $2,000.
    <b>Swann Auction Galleries Mar 21:</b> Nikola Tesla, signature & date on his monogrammed correspondence card, 1935. $3,500 to $5,000.
    <b>Swann Auction Galleries Mar 21:</b> Richard Wagner, ALS, concerning his opera Rienzi, 1869. $3,000 to $4,000.
    <b>Swann Auction Galleries Mar 21:</b> Henri Toulouse-Lautrec, autograph note signed, requesting the address of Yvette Guilbert, 1895. $2,000 to $3,000.
    <b>Swann Auction Galleries Mar 21:</b> Claude Monet, ALS, to painter Harry Lachman, complaining that his vision has not improved, 1920s. $2,500 to $3,500.
    <b>Swann Auction Galleries Mar 21:</b> Friedrich Hölderlin, autograph manuscript, unsigned, 7 lines quoting Michael Denis's <i>Ossians und Sineds Lieder.</i> $10,000 to $15,000.
    <b>Swann Auction Galleries Mar 21:</b> Guestbook for Lüchow's restaurant, over 400 signatures, including W.H. Auden, Grace Kelly & drawings by Charles Addams, NYC, 1950-56. $8,000 to $12,000.
    <b>Swann Auction Galleries Mar 21:</b> George Washington, lottery ticket, signed, 1768. $5,000 to $7,500.
    <b>Swann Auction Galleries Mar 21:</b> Vaslav Nijinsky, postcard dated & signed, showing a drawing of him in <i>Schéhérazade,</i> 1916. $2,500 to $3,500.
  • <b>Chiswick Auctions: Books & Illustrated Art including Cartoons. March 28, 2019</b>
    <b>Chiswick Auctions, Mar 28:</b> Silver Binding.- [Torah], German 13 Loth silver binding, hinged clasp, 12mo, Sulzbach, 1805. £2,500 to £3,500.
    <b>Chiswick Auctions, Mar 28:</b> Picasso (Pablo). Minotaure vaincu, plate 89 from La Suite Vollard, etching, dated 29 May 1933, pencil, plate 190 x 265 mm, Paris, A. Vollard, 1939. £5,000 to £6,000.
    <b>Chiswick Auctions, Mar 28:</b> Dali (Salvador) & Alighieri (Dante). <i>La Divina Commedia,</i> 6 vols, NUMBER 478 of 2,900 copies, 100 numbered colour lithograph plates by Salvador Dalì, folio, Verona, 1963-1964. £3,000 to £4,000.
    <b>Chiswick Auctions: Books & Illustrated Art including Cartoons. March 28, 2019</b>
    <b>Chiswick Auctions, Mar 28:</b> Miniature Sepher Torah Nevi'im U'Kethuvim, prepared by Menachem M. Scholz, original cloth, housed within original gilt tooled metal case, with magnifying glass inset, 33x25 mm, Warsaw, c. 1880. £1,200 to £1,800.
    <b>Chiswick Auctions, Mar 28:</b> Scarfe (Gerald). ‘Men of Snow’ [Tony Blair, William Hague & 'Robin' Cook], original ink, watercolour & gouache drawing, signed, 600 x 435 mm, n.d. with 2 others (3). £800 to £1,200
    <b>Chiswick Auctions, Mar 28:</b> Francklyn (Gilbert), Paine (Thomas). <i>Rights of Man…</i>, FIRST EDITION [and] <i>Rights of Man. Part the Second…,</i> Printed for J. S. Jordan, 1791-92, [and 1 other]. £700 to £1,000
    <b>Chiswick Auctions: Books & Illustrated Art including Cartoons. March 28, 2019</b>
    <b>Chiswick Auctions, Mar 28:</b> Chagall (Marc). Le Jeu des Acrobates (Acrobats at Play), HORS COMMERCE PROOF, lithograph, from The Lithographs of Chagall, 320 x 240 mm, André Sauret, 1963. £1,800 to £2,200
    <b>Chiswick Auctions, Mar 28:</b> [Harris (John)]. <i>The History of The Old Woman who had Three Sons Jerry, James, and John…,</i> 12mo, J. Harris, 1815. £200 to £300
    <b>Chiswick Auctions, Mar 28:</b> Royal Binding.- Staël-Holstein (Germaine de). <i>De la littèrature considerée dans ses rapports avec les institutions sociales…,</i> 2 vols, second edition, Crapelet, Paris, [1801]. £400 to £600
    <b>Chiswick Auctions: Books & Illustrated Art including Cartoons. March 28, 2019</b>
    <b>Chiswick Auctions, Mar 28:</b> Ancient History.- La Baune (Jacques de). <i> Panegyrici Veteres,</i> Paris, 1676. [with] Wesseling (Petrus, ed.). <i> Vetera Romanorum itineraria…</i> £800 to £1,200
    <b>Chiswick Auctions, Mar 28:</b> Edward (Gibbon). <i> History of the Decline and Fall of the Roman Empire…</i> Multiple editions and languages [English and French]. £300 to £400
    <b>Chiswick Auctions, Mar 28:</b> Curtis (William). <i> Flora Londinensis,</i> FIRST EDITION, 2 vols in 3. 119 hand-coloured plates of 454. £500 to £700
  • <b>Bonhams, Mar 12:</b> Walt Whitman. <i>Leaves of Grass.</i> First edition, first issue, SIGNED in block letters by Whitman. 1855. $200,000 to $300,000
    <b>Bonhams, Mar 12:</b> Isaac Newton's copy of John Greave's <i>Pyramidographia,</i> London, 1646. $50,000 to $70,000
    <b>Bonhams, Mar 12:</b> Colonel John Mosby. Robert E. Lee's autograph letter to Samuel Cooper reporting on Mosby's exploits, with Cooper's autograph note ordering his appointment to Major.
    <b>Bonhams, Mar 12:</b> Gyula Halasz Brassai. Large archive of autograph and typed letters, over 260, to his family including his wife Gilberte, 1947-1978. $40,000 to $60,000
    <b>Bonhams, Mar 12:</b> Archive of drawings and letters from Harper Lee to Charles Carruth, including an inscribed first edition of <i>To Kill a Mockingbird.</i> $20,000 to $30,000
    <b>Bonhams, Mar 11:</b> VESALIUS, ANDREAS. 1514-1564. <i>De humani corporis fabrica libri septem.</i> Basel: Johannes Oporinus, June 1543. $300,000 to $500,000
    <b>Bonhams, Mar 11:</b> HARVEY, WILLIAM. 1578-1657. <i>De motu cordis & sanguinis in animalibus Anatomica Exercitatio.</i> Leiden: Joannis Maire, 1639. $25,000 to $35,000
    <b>Bonhams, Mar 11:</b> BERENGARIO DA CARPI, GIACOMO. 1460-1530. <i>Isagogae breves perlucide ac uberrimae in Anatomiam humani corporis.</i> Bologna: Benedictus Hectoris, 15 July 1523. $15,000 to $25,000
    <b>Bonhams NY, Mar 11:</b> FRANKLIN, BENJAMIN. 1706-1790. <i>Experiments and Observations on Electricity, made at Philadelphia in America…</i> London, 1769. $10,000 to $15,000
    <b>Bonhams NY, Mar 11:</b> BENIVIENI, ANTONIO. 1443-1502. <i>De abditis nonnullis ac mirandis morborum et sanationum causis.</i>Florence: Filippo Giunta, 1507. $8,000 to $12,000

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