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<b><center>Swann Auction Galleries<br>View Our Record Breaking Results</b><b>Swann:</b> Gideon Welles, <i>Extensive archive of personal and family papers of Lincoln’s Secretary of the Navy,</i> 1791-1914. Sold September 29 — $281,000.<b>Swann:</b> Charles Addams, <i>Rock Climbers,</i> cartoon for <i>The New Yorker,</i> watercolor, ink and gouache, 1954. Sold December 15 — $37,500.<b>Swann:</b> Charlotte Brontë, <i>Jane Eyre. An Autobiography. Edited by Currer Bell,</i> three volumes, first edition, 1847. Sold June 16, 2022 — $23,750.<b>Swann:</b> Geoffrey Chaucer, <i>The Workes of Geffray Chaucer Newlye Printed,</i> London, 1542. Sold October 13 — $106,250.<b><center>Swann Auction Galleries<br>View Our Record Breaking Results</b><b>Swann:</b> Dorothea Lange, <i>Migrant Mother, Nipomo, California (Destitute pea pickers in California. Mother of seven children. Age 32),</i> silver print, 1936. Sold October 20 — $305,000.<b>Swann:</b> George Washington, Autograph Document Signed, with two manuscript plat maps in holograph, 1751. Sold October 27 — $37,500.<b>Swann:</b> Winfred Rembert, <i>Winfred Rembert and Class of 1959,</i> dye on carved & tooled leather, 1999. Sold October 6 — $233,000.<b>Swann:</b> M.C. Escher, <i>Relativity,</i> lithograph, 1953. Sold November 3 — $81,250. -
<b><center>Sotheby’s<br>Original Film Posters<br>27 January - 10 February 2023</b><b>Sotheby’s, Jan. 27-Feb. 10:</b> Vertigo (1958), poster, US. The ultimate poster on this classic Hitchcock title, one of three known examples. £40,000 to £60,000.<b>Sotheby’s, Jan. 27-Feb. 10:</b> Lawrence of Arabia (1962), roadshow poster, US. £8,000 to £12,000.<b>Sotheby’s, Jan. 27-Feb. 10:</b> Star Wars (1977), style C poster, printer's proof, US. £7,000 to £10,000.<b>Sotheby’s, Jan. 27-Feb. 10:</b> The Navigator/ La Croisiere du Navigator (1924), re-release poster (1931), French. £5,000 to £8,000.<b>Sotheby’s, Jan. 27-Feb. 10:</b> Bullitt (1968), special test poster, US. £3,000 to £5,000. -
<b>Old World Auctions (Feb 8):</b> Lot 817. Bellin's complete five-volume maritime atlas with 581 maps & plates (1764). $24,000 to $30,000.<b>Old World Auctions (Feb 8):</b> Lot 325. An early and important map of the Republic of Texas (1837). $11,000 to $14,000.<b>Old World Auctions (Feb 8):</b> Lot 45. De Bry's early map of North Pole depicting Willem Barentsz' expedition (1601). $3,500 to $4,250.<b>Old World Auctions (Feb 8):</b> Lot 154. Poignant map of the United States documenting lynchings (1931). $250 to $325.<b>Old World Auctions (Feb 8):</b> Lot 457. Extremely rare matching set of pro-German propaganda from WWI (1914). $2,000 to $2,400.<b>Old World Auctions (Feb 8):</b> Lot 815. Homann's world atlas featuring 110 maps in contemporary color (1751). $14,000 to $16,000.<b>Old World Auctions (Feb 8):</b> Lot 60. Miniature pocket globe based on Herman Moll (1785). $3,500 to $4,500.<b>Old World Auctions (Feb 8):</b> Lot 8. Visscher's rare carte-a-figures world map (1652). $14,000 to $16,000.<b>Old World Auctions (Feb 8):</b> Lot 158. Matching satirical maps of the US by McCandlish: "Ration Map" & "Bootlegger's Map" (1944). $3,000 to $4,000.<b>Old World Auctions (Feb 8):</b> Lot 820. One of the finest English atlases of the early 19th century (1808). $4,750 to $6,000.<b>Old World Auctions (Feb 8):</b> Lot 59. Important milestone in preparation for 1969 moon landing (1963). $750 to $900.<b>Old World Auctions (Feb 8):</b> Lot 805. Superb bible leaf with image of crucifixion of Jesus with gilt highlights (1518). $800 to $950. -
<center><b>Potter & Potter Auctions<br>Fine Books & Manuscripts,<br>including Americana<br>February 16, 2023</b><b>Potter & Potter, Feb. 16:</b> [KELMSCOTT PRESS]. CHAUCER, Geoffrey. <i>The Works…now newly imprinted.</i> Edited by F.S. Ellis. Hammersmith: Kelmscott Press, 1896. $100,000 to $125,000.<b>Potter & Potter, Feb. 16:</b> [EINSTEIN, Albert (1879–1955)]. –– ORLIK, Emil (1870–1932), artist. Lithograph signed (“Albert Einstein”). N.p., 1928. $10,000 to $15,000.<b>Potter & Potter, Feb. 16:</b> TOLKIEN, John Ronald Reuel. <i>[The Lord of the Rings trilogy:] The Fellowship of the Ring.</i> 1954. –– <i>The Two Towers.</i> 1954. –– <i>The Return of the King.</i> 1955. $10,000 to $15,000.<b>Potter & Potter, Feb. 16:</b> CLEMENS, Samuel Langhorne ("Mark Twain") and Charles Dudley WARNER. <i>The Gilded Age: A Tale of Today.</i> Hartford and Chicago, 1873. $6,000 to $8,000.<b>Potter & Potter, Feb. 16:</b> LOVECRAFT, Howard Phillips. <i>Beyond the Wall of Sleep.</i> Collected by August Derleth and Donald Wandrei. Sauk City, WI: Arkham House, 1943. $2,000 to $3,000.
Rare Book Monthly
How to make a Fortune
Arthur Rackham's pre-Disney Peter Pan is seen in valuable 1906 edition.
By Michael Stillman
Looking to make a fortune in books? A recent article on the London Telegraph's website has some ideas, but I don't know. The article is headed "Book a limited edition fortune," by David Derbyshire. That title may be a headline writer's contribution, as Derbyshire is a bit more cautious about getting rich in his copy. In a reality check statement, he points out, "Although few people will ever make a fortune investing in books, some owners are making respectable returns." The no fortune part is probably not news to most booksellers.
The article points out that, "Not that long ago, dedicated book collectors had to seek out rare editions on the musty shelves of bookshops...." Where are they going now? Not the answer you are probably anticipating, the internet. No, they are going to "mainstream bookshops," those places which sell new books. What Derbyshire tells us is that publishers, "in an attempt to cash in on the demand from collectors," are putting out high quality limited editions of modern works. Evidently, the bookstores have been encouraging the publication of such editions. A typical run might be 1,000 copies (not all that limited). The publisher sends a handful of copies to each bookstore, a small enough volume to sell out quickly. Often, the volumes are signed by the author, making them even more desirable. Buyers may then choose to post their copies for sale on the internet for a tidy mark up, or put them away until their value reaches a "fortune."
There is nothing new about high quality limited editions. These have been produced on a regular basis for over a century, although in the past they were more likely to be classic works and authors, rather than newer ones. However, I think the appeal in those days was more to the collector, to the person who wanted something nice to put on the shelf. I don't believe the appeal was quite so blatantly financial. Rather than publishing these editions for people who want something fine to hold in their hands, they seem to be created solely for the purpose of making money in the resale market. Of course, at some point someone better actually want one of these for collecting purposes, or one day this house of speculation will collapse. I don't expect that I will ever be one of those people who buys such an edition to collect, but perhaps others will. If the author stands the test of time, it is likely there will eventually be collectors willing to pay up for these limited editions.
The article cites a few examples, both old and new, where profits have been realized. For example, there is a Peter Pan book published in 1906 that is now worth around £6,000 (that's $11,400 U.S. dollars). Blimey, Captain Hook! An investment like that could make you wealthy, provided the key to eternal life is found during your lifetime. More recent examples include Saturday by Ian McEwen. Sold at a bookstore in January for £35, it is now priced online for over £80. Here's something you know that Mr. Derbyshire does not. "Priced" online does not always mean "sold" online. But let's suppose this is a very good item and the owner does sell it for £80. How many copies can he buy, and how many of those will sell online for such a price before the market for these marked up copies disappears?
