Rare Book Monthly

Articles - April - 2019 Issue

What is the most frequently asked question in the used and rare book field? What is my book worth?

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May I quote Zero Mostel?: Money, Money, Money

Everyone in the rare book business is asked everyday “what is my book worth?” and the question almost always gets a careful listen because once in a great while the book or books you have are very good.  But that said, the process is time consuming and rarely successful for the person providing perspective.

 

For people who have these questions there are a few straightforward ways to find out, without spending a dime or anyone’s time.  You should go to the listing sites; Biblio, Alibris, Abebooks or Rare Book Hub that provide listings of books for sale.  Or, if you are diligent, go to all of them. There you will get a free appraisal simply by putting the author last name, a few words from the title, and the date published into the advanced search fields.  Then BINGO you get a variety of answers.  Now what should you do?

 

The chances are the book you are looking up will match almost identical copies offered for sale.  And then low and behold you notice someone is offering a copy for $500.- “These people must be smart because they know something that the other fools, who have priced theirs at $75, don’t.”  This then leads to the cracking open of a beer or sarsaparilla followed by:  “Wow Daddy, we’re rich” because you have boxes of books to look up and $500.- times all the books you have is – let’s see – a New Car, in fact a German one, possibly a 7 series, a convertible at that.

 

If only it were that easy.

 

Looking up books that are listed for sale is easy and I suggest doing it before you seek free advice.  Unfortunately, the expensive copy listed that you find has probably been posted by a nut who is determined not to leave a penny on the table.  It is not illegal to put a crazy asking price on anything.

 

Now you start to study your copy and quickly confirm you’re an optimist.  By reading the descriptions that others have written you start to see some differences though.  The term “with original artwork” sounds good until it’s disclosed that Maria, the seller’s daughter and no relation to the author, when she was 3, colored in the pictures.  Sorry!  Somewhere else you noticed the term “original color.”  This must be what it means.  This is too easy.

 

I suggest you make a list of the books you have because they are going to start to blur.

 

Try to be honest.  Try to grade them.  Make notes about anything that appears to be missing such as, “it’s complete except for 1 page” which is usually the title page.  Ouch!  OR, you only have one page – the title page – and you heard that if a book is missing its title page it loses at least 90% of its value.  That must mean the title page, by itself is worth 90% of what the whole book is worth. No! No! and No!

 

About 1 person in a 100 is going to find they have material of saleable value.  If you are the lucky one now you can call dealers or whoever you consult.  They’ll be looking for evidence of retail prices at and above $500 not including the person who listed their $75 book for $500.

 

For those books you conclude are valuable you’ll want to offer them in list form, with pictures of the higher value examples, to a specialist in the category of which your book or books is a part.  In other words, don’t expect a specialist in opera to know much about your Life of Lincoln [unless it was made into an opera].

 

Many people will be willing to help but don’t abuse their trust.  Do a little bit of homework and identify the things you have that are of value.

 

Ultimately you are going to sell the material.  If you sell to a dealer you’ll get less money [because, once they buy your copy, they’ll assume its market risk].  Their distinct advantage is that they usually pay on the spot.  Many, many people take that deal.  Others will opt to send their material to auction and it will be roughly 6 months from submission until you receive payment [the amount of which will not be known until the book sells].

 

Now get started.  A few beers from now you can go online to Mercedes Benz to plan your purchase.

 

If you need further help, after determining your material is probably of substantial value, you can contact us or a professional advisor.  Here is one:

 

Professional Resource, LLC

Elvin Mongomery, Partner

 PR website

elvmont@aol.com

212.666.4449

Rare Book Monthly

  • <center><b>Bonhams<br>Fine Books and Manuscripts<br>New York | June 11, 2019</b>
    <b>Bonhams, Jun 11:</b> Faulkner, William. <i>The Sound and the Fury.</i> New York: Jonathan Cape, [1929]. First edition in dust jacket. $4,000 to $6,000
    <b>Bonhams, Jun 11:</b> Trautz-Bauzonnet bindery. Shakespeare, William. Sonnets. 1901. 2 volumes. Printed on vellum and illuminated by Ross Turner. $8,000 to $12,000
    <b>Bonhams, Jun 11:</b> Thompson, Kay. <i>Eloise at Christmastime.</i> New York: Random House, [1958]. First edition. In custom binding by Asprey. $800 to $1,200
    <center><b>Bonhams<br>Fine Books and Manuscripts<br>New York | June 11, 2019</b>
    <b>Bonhams, Jun 11:</b> Beardsley, Aubrey. <i>The Birth, Life, and Acts of King Arthur.</i> 1893-94. 2 volumes. Contemporary painted vellum gilt by Chivers. $2,000 to $3,000
    <b>Bonhams, Jun 11:</b> Assisi, St. Francis. <i>The Canticle of Brother Sun.</i> Illuminated on vellum, for the Grolier Society. $6,000 to $9,000
    <b>Bonhams, Jun 11:</b> Taylor, Deems. <i>Walt Disney’s Fantasia.</i> New York: 1940. In custom binding by Asprey. $2,000 to $3,000
  • <b>Swann Auction Galleries May 14:</b> William Shakespeare, <i>Shakespeare’s Sonnets, In Two Parts,</i> limited Saint Dunstan edition, Oxford University Press, 1901. $6,000 to $9,000.
    <b>Swann Auction Galleries May 14:</b> Benjamin Graham & David L. Dodd, <i>Security Analysis,</i> first edition, inscribed by Graham to a Wall Street trader, NY, 1934. $18,000 to $25,000.
    <b>Swann Auction Galleries May 14:</b><br>Ian Fleming, <i>Goldfinger,</i> first edition, inscribed to Sir Henry Cotton, MBE, London, 1959. $12,000 to $18,000.
    <b>Swann Auction Galleries May 14:</b><br>Ian Fleming, <i>The Man with the Golden Gun,</i> first edition, first state with the dust jacket, London, 1965. $6,000 to $9,000.
    <b>Swann Auction Galleries May 14:</b> Virginia Woolf, <i>The Voyage Out,</i> first American edition of the author’s first book, in rare dust jacket, NY, 1920. $2,000 to $3,000.
    <b>Swann Auction Galleries May 14:</b> Gabriel García Márquez, <i>Cien años de soledad,</i> Buenos Aires, 1967. $2,000 to $3,000.
    <b>Swann Auction Galleries May 14:</b> Mary Mapes Dodge, <i>Along the Way,</i> first edition, author’s copy, annotated in her hand, NY, 1879. $1,800 to $2,500.
    <b>Swann Auction Galleries May 14:</b> <i>The Dial: A Monthly Magazine for Literature, Philosophy and Religion,</i> first edition, Ralph Waldo Emerson’s copy, Cincinnati, 1860. $2,500 to $3,500.
    <b>Swann Auction Galleries May 14:</b> Gaston Leroux, <i>The Phantom of the Opera,</i> first American edition, first printing, New York, 1911. $12,000 to $18,000.
    <b>Swann Auction Galleries May 14:</b> Walt Whitman, <i>Leaves of Grass,</i> signed, Camden, 1876. $4,000 to $6,000.
  • <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> WRIGHT, Wilbur -- WRIGHT, Orville. Photograph signed. 128 x 177 mm, black and white. Taken for Collier's Weekly by James H. ("Jimmy") Hare. $8,000 to $12,000
    <b>Leslie Hindman, May 1:</b> WRIGHT, Wilbur -- WRIGHT, Orville. Typed document signed, New York, NY, 18 November 1909. A founding document in the history of aviation: the certificate of incorporation for the Wright Company. $20,000 to $30,000
    <b>Leslie Hindman, May 1:</b> LINCOLN, Mary Todd. Personal monogrammed handkerchief. Square linen handkerchief, silk border, "ML" monogram to one corner, 11 1/8 x 11 1/4 in. $1,000 to $1,500
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> TRUMAN, Harry S. Broadside signed, as President, 8 May 1945. Truman's V-E Day proclamation. $4,000 to $6,000
    <b>Leslie Hindman, May 1:</b> WASHINGTON, Martha Dandridge Custis, First Lady. Autograph free frank signed on integral cover sheet. One of four surviving free franks by Martha Washington. $30,000 to $40,000
    <b>Leslie Hindman, May 1:</b> DALI, Salvador, illustrator. -- DODGSON, Charles Lutwidge. <i>Alice in Wonderland.</i> New York: W.U.C.U.A. and Maecenas Press - Random House, 1969. Limited edition, signed by Dali. $3,000 to $4,000
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> CHURCHILL, Winston Spencer. <i>Lord Randolph Churchill.</i> London: Macmillan and Co., 1906. First edition, presentation copy to his valet, inscribed. $5,000 to $7,000
    <b>Leslie Hindman, May 1:</b> DICKENS, Charles. <i>Great Expectations.</i> London: Chapman and Hall, 1861. First edition, 3 vols. Vol. I second issue, vol. II first issue, vol. III third issue. $4,000 to $6,000
    <b>Leslie Hindman, May 1:</b> DODGSON, Charles Lutwidge ("Lewis Carroll"). <i>Sylvie and Bruno. -Sylvie and Bruno Concluded.</i> London: Macmillan, 1889, 1893. First editions, inscribed presentation copies. 2 works in 2 vols. $1,000 to $1,500
    <b>Leslie Hindman Auctioneers: Fine Books and Manuscripts. May 1, 2019</b>
    <b>Leslie Hindman, May 1:</b> KEULEN, Gerard van. <i>Nieuwe Wassende Graaden Paskaart Vertoonende alle de Bekende Zeekusten en…</i> [Amsterdam, ca 1720]. Important 18th century world map depicting California as an island. $6,000 to $8,000
    <b>Leslie Hindman, May 1:</b> ALHAZEN [Abu 'Ali al-Hasan ibn al-Hasan ibn al-Haytham]. <i>Opticae thesaurus.</i> Translated from Arabic into Latin. First edition of Alhazen’s classic work on optics and vision. $18,000 to $25,000
    <b>Leslie Hindman, May 1:</b> GALILEI, Galileo. <i>Systema cosmicum... in quo quatuor dialogis…</i> Translated from Italian by Matthias Bernegger. Strasbourg: D. Hauttius for the Elzevirs [at Leiden], 1635. First Latin edition. $6,000 to $8,000

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