• <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Plato. <i>Platonis Opera,</i> Venetiis: a Philippo Pincio Mantuano hoc opus Impressum fuit, Anno d[omi]ni. M.cccccxvii. Die.xxii. Aprilis (22 aprile 1517). €800 to €1,000.
    <b>Maison Bibelot, Dec. 6-14:</b> Francesco Robortello. <i>In librum Aristotelis de arte Poetica, explicationes,</i> Basileae: per Ioannem Heruagium iuniorem, 1555. In folio. €500 to €800.
    <b>Maison Bibelot, Dec. 6-14:</b> <i>Instrumento della compra del Ducato di Terra Nova.</i> Atto notarile cinquecentesco, manoscritto pergamenaceo, con bella miniatura iniziale, composto da 5 bifolio (300x225 mm) scritti recto e verso. €300 to €400.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Giovanni Bertachini. <i>Repertorii Bertachini,</i> Venetiis: 1507, 2 voll. (di 3). In folio. Importante post incunabolo. €1,800 to €2,200.
    <b>Maison Bibelot, Dec. 6-14:</b> Paulus de Middelburgo. <i>Pavlina De recta Paschae celebratione: et De die passionis Domini nostri Iesu Christi,</i> 1513. €1,500 to €2,000.
    <b>Maison Bibelot, Dec. 6-14:</b> Gaius Svetonius. <i>Suetonius Tranquillus cum Philippi Beroaldi, et Marci Antonii Sabellici commentariis,</i> Venetiis, 1500. €1,000 to €1,500.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Cicero Marco Tullio. <i>Rhetoricorum ad C. Herennium libri IV incerto auctore,</i> Venetiis: Aldus, 1569: €250 to €300.
    <b>Maison Bibelot, Dec. 6-14:</b> Rupertus Tuitiensis. <i>Ruperti abbatis monasterii Tuitiensis,</i> Apud foelicem Coloniam, 1526. Aeditio prima. In folio. €800 to €1,500.
    <b>Maison Bibelot, Dec. 6-14:</b> Agostino Nifo. <i>Destructiones destructionum Auerroys cum Augustini niphi de Suessa expositione,</i> Venetijs: Octauiani Scoti 1497, 1495, 2 pt. in 1 vol. €2,000 to €2,400.
    <b><center>Maison Bibelot<br>Online Only Auction<br>The Bucciarelli Collection:<br>Ancient Books and Incunabula<br>Dec. 6-14, 2022</b>
    <b>Maison Bibelot, Dec. 6-14:</b> Giorgio Vasari. <i>Le vite de' piu eccellenti pittori, scultori, e architettori... Primo Volume della Terza Parte,</i> Fiorenza: Appresso i Giunti, 1568. €600 to €800.
    <b>Maison Bibelot, Dec. 6-14:</b> Hieronymus (santo). <i>Epistole sancti Hieronymi,</i> Lugduni: Per Magistrum Iacobum Saccon, 1518. €1,000 to €1,500.
    <b>Maison Bibelot, Dec. 6-14:</b> Tommaso d'Aquino. <i>Incipiunt preclarissima opuscula diui Thome aquinatis,</i> Venetijs: ingenio ac impensa Hermanni Lichtenstein Coloniensis, 1497. €300 to €500.
  • <center><b>Swann Auction Galleries<br>Maps & Atlases, Natural History & Color Plate Books<br> December 8, 2022</b>
    <b>Swann December 8:</b> Friedrich Justin Bertuch, <i>Bilderbuch für Kinder,</i> Weimar, 1792, 1798, 1802, 1805, 1822. $1,200 to $1,800.
    <b>Swann December 8:</b> Sebastian Münster, <i>Novae Insulae XXVI Nova Tabula,</i> Basel, 1552. $2,500 to $3,500.
    <b>Swann December 8:</b> Sebastian Münster & Hans Holbein, <i>Typus Cosmographicus Universales,</i> Basel, 1532. $7,000 to $10,000.
    <b>Swann December 8:</b> Franz Unger, <i>Die Urwelt in Ihren Verschiedenen Bildungsperioden,</i> 16 tinted lithographed plates, Weigel, 1858. $1,000 to $1,500.
    <b>Swann December 8:</b> Charles Varle, Wiliam Warner & Andrew Hanna, <i>Plan of the City of Environs of Baltimore,</i> Baltimore, 1801. $8,000 to $12,000.
  • <center><b>19th Century Rare Book & Photograph Shop<br>Catalogue 195<br>Magnificent Books & Manuscripts<br>Free on request</b>
    <b>19th Century Shop, Catalogue 195:</b> Benjamin Franklin on Electricity. Inscribed presentation copy.
    <b>19th Century Shop, Catalogue 195:</b> Frederick Douglass. Letter on civil war and the end of slavery.
    <b>19th Century Shop, Catalogue 195:</b> Carleton Watkins. A major American West photo album.
    <b>19th Century Shop, Catalogue 195:</b> Einstein. General Theory of Relativity inscribed by Einstein.
    <b>19th Century Shop, Catalogue 195:</b> The Federalist. Rare deluxe thick-paper copy.
    <b>19th Century Shop, Catalogue 195:</b> Emma Johnston. Archive of 350 salt prints by a Victorian female photographer.
  • <b><center>Doyle<br>The Collection of a New York Surveyor<br>December 16, 2022</b>
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 3. Francis M. Maerschalk. Manuscript plan of Philip Minthorne's land in Bowery 3. $2,000-3,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 30. William Bridges. A Map of a Block of Ground situate in Water Street between Walnut and Fir Streets. $3,000-5,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 4. Francis M. Maerschalk. M. Barrack Street/Road from Spring Garden to Fresh Water. $5,000-8,000
    <b>Doyle, The Collection of a New York Surveyor:</b> Lot 46. Love Lane. Map of Land and Buildings the property of Samuel I Tobias Esqr. $2,000-3,000
    <center><b>Doyle<br>Rare Books, Autographs & Maps<br>December 16, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 157. Stephen King. <i>Christine.</i> New York: Viking Press, 1983. First trade edition, inscribed by the author. $1,500-2,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 163. Charles Lindbergh. “We.” New York: G.P. Putnam’s Sons, 1927. First edition, Author’s Autograph Edition. $1,000-1,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 177. A.A. Milne. <i>Winnie-the-Pooh.</i> London: Methuen, 1926. First English trade edition, first impression. $1,000-1,500
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 196. William Shakespeare. <i>Othello, the Moor of Venice.</i> London: printed for W. Weak, 1681. $4,000-6,000
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 203. John Steinbeck. <i>The Grapes of Wrath.</i> New York: Viking, 1939. First edition. $1,000-1,500

Rare Book Monthly

Articles - July - 2019 Issue

Sotheby's Sold for $3.7 Billion

D525306c-f7a6-4aca-8740-f3c83fe306e0

A book sale at Sotheby, Wilkinson & Hodge in 1888.

Sotheby's has been selling property for others going on three centuries now. Two weeks ago, the tables were turned. This time, it was Sotheby's itself that was sold. The hammer price was $3.7 billion, undoubtedly the highest realization ever at Sotheby's, although the sale did not take place in the auction rooms. It was a private sale.

 

The buyer officially was BidFair USA, but that is an entity wholly owned by entrepreneur Patrick Drahi and his family. Mr. Drahi is a French and Israeli citizen who has had enormous success in the telecommunications and digital media sphere. He owns several such companies in Europe along with major shares in a couple of cable companies in the U.S. Mr. Drahi's wealth is primarily based on being a 60% shareholder in the European firm Altice. Fortune Magazine estimates his financial worth as being $9.3 billion.

 

Mr. Drahi is also a noted art collector and has long been a client of Sotheby's.

 

In announcing the sale, Sotheby's CEO Tad Smith said, "Patrick Drahi is one of the most well-regarded entrepreneurs in the world, and on behalf of everyone at Sotheby’s, I want to welcome him to the family. Known for his commitment to innovation and ingenuity, Patrick founded and leads some of the most successful telecommunications, media and digital companies in the world. He has a long-term view and shares our brand vision for great client service and employing innovation to enhance the value of the company for clients and employees. This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment. It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner."

 

Domenico De Sole, Chairman of the Board of Sotheby's, added, “Following a comprehensive review, the Board enthusiastically supports Mr. Drahi’s offer, which delivers a significant premium to market for our shareholders. After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success."

 

For his part, Mr. Drahi commented, "I am honored that the Board of Sotheby’s has decided to recommend my offer. Sotheby’s is one of the most elegant and aspirational brands in the world. As a longtime client and lifetime admirer of the company, I am acquiring Sotheby’s together with my family. We thank Domenico and the rest of the Sotheby’s Board for its support and look forward to getting started with Tad and the wonderful members of his team to define our future."

 

Perhaps Mr. Drahi will be able to reprise the old Victor Kiam commercial, when after purchasing the Remington shaver company, he announced, "I liked the shaver so much, I bought the company."

 

Sotheby's was founded in 1744 when it presided over the sale of a collection of books. It is named for one of its founders, John Sotheby. For two centuries, the company was located exclusively in London, but the firm opened its first overseas office, in New York, in the 1950s. After an even longer period as a private company, Sotheby's went public in the late 1970s, returning to private status a few years later. In 1988, Sotheby's again went public and has been a publicly held company, traded on the New York Stock Exchange, ever since.

 

As to how Mr. Drahi was able to obtain board and shareholder approval of his proposal so quickly, one need only look at his offer. It was a generous 61% higher than the closing stock price the day prior. It last traded for $35.39 per share on June 14, before the announcement. The $3.7 million offered amounts to $57 per share. Not bad for a day's investment. Interestingly, while stocks often rise shortly before such a deal is announced, a sign that somebody knows what is about to happen, Sotheby's stock traded in the $35s all the previous week, evidence that Sotheby's and Mr. Drahi succeeded in keep their plans tightly under wraps.


Posted On: 2019-07-05 10:15
User Name: manohar

Valuable review.


Posted On: 2019-07-15 02:46
User Name: cowboyjack

in the last paragraph of this article i think the writer meant $3.7 Billion not $3.7 million.


Rare Book Monthly

  • <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Thomas Jefferson, Long ALS to Ronaldson "I consider Bonaparte as fighting our battles, and there I wish him success...” $35,000 to $45,000.
    <b>University Archives, Dec. 14:</b> G.A. Custer. PSA Mint 9 Brady CDV Signed with Rank, Best Signature/Pose We Have Ever Seen. $20,000 to $30,000.
    <b>University Archives, Dec. 14:</b> B. Franklin. 1733 Signed Philadelphia Partial Land Grant Dated Less Than 6 Months After Launch of "Poor Richard's Almanack". $12,000 to $15,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Abraham Lincoln On Executive Mansion Stationery Replies to An Autograph Request! Fantastic Example. $10,000 to $15,000.
    <b>University Archives, Dec. 14:</b> G. Washington. Free Frank to Maj. Tallmadge Re: Culper Courier. $12,000 to $14,000.
    <b>University Archives, Dec. 14:</b> Albert Einstein ALS, “I am happy to see that a Jew is always 'en famille' wherever his steps lead him on this earth.” $5,000 to $6,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> Incredible Utah 1857 Mormon War Period Ft. Bridger Ledger: Afr. American Content, Mention of Armstead, Bernard Bee, RE Lee’s Son, 120pp! $10,000 to $12,000.
    <b>University Archives, Dec. 14:</b> Apollo XI. PSA Mint +9.5 Insurance Cover Signed by Armstrong, Aldrin & Collins, From Buzz Aldrin Family Space Collection. $8,000 to $10,000.
    <b>University Archives, Dec. 14:</b> Booker T. Washington, 17 Pages "Proud of Race...In & out of slavery...It is said that the strongest chain is no stronger than its weakest link." Handwritten Speech Notes. $8,000 to $9,000.
    <center><b>University Archives<br>Rare Autographs, Manuscripts & Books<br>December 14, 2022</b>
    <b>University Archives, Dec. 14:</b> R. Wallenberg. Signed Schutz-Pass Doc, With Rare Full Signature. $7,000 to $8,000.
    <b>University Archives, Dec. 14:</b> Freud & Jung Together, Most Famous Photo in Psychology History! September 1911, Weimar, Germany. $6,000 to $7,000.
    <b>University Archives, Dec. 14:</b> JFK Oversized Photo with Jackie & Caroline, Signed and Inscribed, Stunning! $3,500 to $4,500.
  • <b><center>Aste Bolaffi<br>Rare Books and Autographs<br>December 14-15, 2022</b>
    <b>Aste Bolaffi, Dec. 14-15:</b> Two first editions by Adrian Spigelius in a Sammelband: <i>De humani corporis fabrica</i> from 1627 and <i>De formato foetu</i> from 1626. €15,000 to €20,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Splendid coloured copy by Frederick De Wit, <i>Atlas maior,</i> Amsterdam, 1705. €20,000 to €30,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> First edition by Marco Ricci, <i>Varia Marci Ricci Pictoris prestantissimi Experimenta,</i> Venice, Orsolini, 1723-1730. €20,000 to €25,000.
    <b><center>Aste Bolaffi<br>Rare Books and Autographs<br>December 14-15, 2022</b>
    <b>Aste Bolaffi, Dec. 14-15:</b> First edition by MicheleMarieschi, <i>Magnificentiores selectioresque Urbis Venetiarum prospectus,</i> Venice, 1741. €30,000 to €40,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Magnificent album by Louis-Leopold Boilly, Collection de dessins, calques et acquerelles, 1822. €20,000 to €25,000.
    <b>Aste Bolaffi, Dec. 14-15:</b> Rare musical score by Gioachino Rossini from 1858. €6,500 to €7,500.
  • <b>ALDE, Dec. 20:</b> VOLTAIRE. Œuvres complètes. [Kehl], Société littéraire et typographique, 1784-1789. 70 vol. €15,000 to €20,000.
    <b>ALDE, Dec. 20:</b> <i>ENCYCLOPÉDIE MÉTHODIQUE…</i> Paris, Panckoucke ; Liège, Plompteux, 1782-1832. 254 volumes in-4. €10,000 to €12,000.
    <b>ALDE, Dec. 20:</b> RUYSCH (FREDERIK). <i>Thesaurus anatomicus primus [–decimus]. Het eerste [–tiende] anatomisch cabinet.</i> Amsterdam, 1701-1716. €10,000 to €12,000.
    <b>ALDE, Dec. 20:</b> [MARCELLO (CRISTOFORO)]. <i>Sacrarum cæremoniarum sive rituum ecclesiasticorum S. Rom. Ecclesiæ libri tres.</i> Venise, Giunta, 1582. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> [RABEL (DANIEL)]. <i>Theatrum Floræ, in quo ex toto orbe selecti mirabiles, venustiores, ac præcipui flores, tanquam ab ipsius deæ sinu proferuntur.</i> Paris, Pierre Firens, 1627. €3,000 to €4,000.
    <b>ALDE, Dec. 20:</b> VALERIANO (PIEIRIO). <i>[Hieroglyphica, sive de sacris Ægyptiorum aliarumque gentium literis, commentariorum libri LVIII]…</i> Francfort, 1613-[1614]. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> BRUN (CLAUDE). [Cours manuscrit de Jérôme Dandini sur la Physique d'Aristote et disputes philosophiques des étudiants du collège jésuite de Bourges]. Conclusiones physic… 1579-1580. €2,000 to €3,000.
    <b>ALDE, Dec. 20:</b> CLERISSEAU (CHARLES-LOUIS). <i>Antiquités de la France. Première partie.</i> [Monuments de Nismes]. Paris, 1778. €1,000 to €1,200.
    <b>ALDE, Dec. 20:</b> LE FÈVRE (L.-C.). <i>Grand escalier du château de Versailles, dit escalier des ambassadeurs, ordonné et peint par Charles Le Brun.</i> Paris, s.d. €800 to €1,000.
  • <b>Bonhams, Dec. 13:</b> KEPLER INVESTIGATES PLANETARY MOTION. KEPLER, JOHANNES. 1571-1630. $400,000 to $600,000
    <b>Bonhams, Dec. 13:</b> THE FINAL ILLUSTRATION OF POOH AND PIGLET IN THE HUNDRED ACRE WOOD. $250,000 to $350,000
    <b>Bonhams, Dec. 13:</b> GUTENBERG BIBLE LEAF. $60,000 to $90,000
    <b>Bonhams, Dec. 13:</b> ORTELIUS, ABRAHAM. 1527-1598. $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> KNIGHT, HILARY. "Christmas Dinner at Maxime de la Falaise's" $4,000 to $6,000
    <b>Bonhams, Dec. 13:</b> GERSHWIN WORKING MUSICAL MANUSCRIPT PAGE FROM <i>OF THEE I SING.</i> $3,000 to $5,000
    <b>Bonhams, Dec. 13:</b> GILBERT, W.S. Original typed manuscript for <i>The Story of the Mikado.</i> $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> FINAL TYPED MANUSCRIPT FOR V.C. ANDREWS CLASSIC <I>FLOWERS IN THE ATTIC.</I> $4,000 to $6,000
    <b>Bonhams, Dec. 13:</b> ANNOTATED TYPESCRIPT DRAFT FOR KIPLING'S FINAL MOWGLI STORY. $20,000 to $30,000
    <b>Bonhams, Dec. 13:</b> PRESENTATION COPY OF GUYS AND DOLLS. $12,000 to $18,000
    <b>Bonhams, Dec. 13:</b> CHARLES DICKENS' CHINA INKWELL FEATURING A BEE READING, FROM GAD'S HILL. $6,000 to $8,000
    <b>Bonhams, Dec. 13:</b> NELSON'S BATTLE PLAN FOR TRAFALGAR. $200,000 to $300,000
  • <center><b>Sotheby’s<br>Age of Wonder<br>Nov. 25 – Dec. 9, 2022</b>
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Darwin, Charles. His definitive statement on natural selection, and his legacy. $600,000 to $800,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Darwin, Charles and Alfred Russel Wallace. Darwin announces the theory of natural selection. $250,000 to $350,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Jenner, Edward. Autograph letter, addressed to Dr. Wollaston, dated 21 November 1800, discussing the possible ill-effects of vaccination. $12,000 to $18,000.
    <center><b>Sotheby’s<br>Age of Wonder<br>Nov. 25 – Dec. 9, 2022</b>
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> De Quincey, Thomas. Autograph letter signed (Thos. De Quincey). "A conclusive experiment on the profit of leaving of leaving off opium.” $6,000 to $8,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Melville, Herman. <i>Moby-Dick; or, The Whale.</i> New York: Harper & Brothers, 1851. “And God created great whales.” $20,000 to $30,000.
    <b>Sotheby’s, Nov. 25-Dec. 9:</b> Foote, Eunice Newton. "Circumstances affecting the heat of the sun's rays," [In:] <i>The American Journal of Science and Arts…</i> New York, 1856. $8,000 to $12,000.
  • <center><b>Christie’s<br> Valuable Books and Manuscripts<br> London, 14 December 2022</b>
    <center><b>Christie’s<br> Valuable Books and Manuscripts<br> London, 14 December 2022</b>
    <center><b>Christie’s<br> Valuable Books and Manuscripts<br> London, 14 December 2022</b>
    <center><b>Christie’s<br> Valuable Books and Manuscripts<br> London, 14 December 2022</b>
    <center><b>Christie’s<br> Valuable Books and Manuscripts<br> London, 14 December 2022</b>

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