• Finarte, July 4-5: FERMI, ENRICO. Letters, 1923. €30,000 to €40,000.
    Finarte, July 4-5: ALIGHIERI, DANTE. The comedy, 1477. €45,000 to €50,000.
    Finarte, July 4-5: ALIGHIERI, DANTE. The Comedy [Commentary by Christophorus Landinus]. Addition: Marsilius Ficinus, Ad Dantem gratulatio [in Latin and Italian], 1487. €40,000 to €60,000.
    Finarte, July 4-5: ASTRONOMIA - CALENDARIO - REGIOMONTANUS, JOHANNES (MÜLLER, JOHANN, OF KÖNIGSBERG) Kalendarium, 1483. €5,000 to €7,000.
    Finarte, July 4-5: CATERINA II DI RUSSIA, Parchment diploma granted by Catherine II of Russia, 1778. €15,000 to €20,000.
    Finarte, July 4-5: VICO, GIAMBATTISTA New Science Principles, 1725.
  • Bonhams, June 15-25: 18th Century American Sea Captain's Journals of Voyages to Hawaii, China, and South America. $35,000 - $45,000
    Bonhams, June 15-25: Admiral Richard E. Byrd's Autograph Diary from Bolling Advance Base, Winter 1934. $40,000 - $60,000
    Bonhams, June 15-25: Thoreau, Henry David. Walden; Or, Life in the Woods. Boston: Ticknor and Fields, 1854. $4,000 - $6,000
    Bonhams, June 15-25: Cellarius, Andreas. Harmonia macrocosmica seu atlas universalis et novus, totius universi creati cosmographiam generalem, et novam exhibens. $20,000 - $30,000
    Bonhams, June 15-25: Nobelist George Stigler's Copy of Ricardo's Classic on the Science of Economics. $20,000 - $30,000
    Bonhams, June 15-25: Histoire charmante de l'adolescente sucre d'amour. Paris: F. L. Schmied, 1927. $15,000 - $20,000
    Bonhams, June 15-25: Fine Copy of Walras's Classic on the Theory of Marginal Utility. $12,000 - $18,000
    Bonhams, June 15-25: Arion Press Moby Dick. Melville, Herman. $8,000 - $12,000
    Bonhams, June 15-25: Venegas, Miguel. Noticia de la California, y desu conquista temporal, y espiritual hasta el tiempo presente. $7,000 - $9,000
    Bonhams, June 15-25: Carelton Watkins, Yosemite and the West. Portfolio of 21 imperial albumen prints. $6,000 - $9,000
    Bonhams, June 15-25: An Unpublished Archive of Thornton Wilder Correspondence to F.J. O'Neil. $6,000 - $9,000
    Bonhams, June 15-25: Vesalius, Andreas. 1514-1564. Suorum de humani corporis fabrica librorum epitome. $100,000 - $150,000
  • Bonhams, June 25: Vesalius, Andreas. 1514-1564. De humani corporis fabrica libri septem. $200,000 - $300,000
    Bonhams, June 25: Gersdorff, Hans Von. 1455-1529. Feldtbuch der wundartzney. $40,000 - $60,000
    Bonhams, June 25: Pare, Ambroise. C.1509-1590. La Methode Curative des Playes, et Fractures de la Teste humaine. Avec les pourtraits des Instruments necessaires pour la curation d'icelles. $25,000 - $30,000
    Bonhams, June 25: Reisch, Gregor. 1470-1525. Margarita Philosophica. $20,000 - $30,000
    Bonhams, June 25: Bright, Richard. 1789-1858. Reports of Medical Cases, Selected with a View of Illustrating the Symptoms and Cure of Diseases by a Reference to Morbid Anatomy. $12,000 - $18,000
    Bonhams, June 25: Berengario da Carpi, Giacomo. C. 1460-1530. Tractatus de fractura calve sive cranei. $10,000 - $15,000
    Bonhams, June 25: Vicq D'Azyr, Felix. 1748-1794. Traite d'antomie et de physiologie. $8,000 - $12,000
    Bonhams, June 25: Croce, Giovanni Andrea Della. 1509?-1775. Chirurgia libri septem... $8,000 - $12,000
    Bonhams, June 25: Bruno Da Longburgo. 1200-1286. La cyrogia di Maistro Bruno: Expertissimo in quella. Tradutta in vulgare. $8,000 - $12,000
    Bonhams, June 25: Schwann, Theodor. 1810-1882. Mikroskopische Untersuchungen uber die Ubereinstimmung in der Struktur und dem Wachsthum der Thiere und Pflanzen. $8,000 - $12,000
    Bonhams, June 25: Cowper, William. 1666-1709. The Anatomy of Humane Bodies, with Figures Drawn after the Life… $6,000 - $9,000
    Bonhams, June 25: Bidloo, Govard. 1649-1713. Anatomia humani corporis, centum & quinque tabulis, per artificiossis. G. de Lairesse ad vivum delineatis. $6,000 - $9,000
  • Case Antiques
    2024 Summer Fine Art & Antiques
    July 6-7, 2024
    Case Antiques, July 6-7: Audubon Birds of America, 1st Octavo Edition; 5 vols plus Journals, ex. J.J. Pringle. $4,000 to $4,800.
    Case Antiques, July 6-7: American Ornithology Plates Folio in 2 Vols, A. Wilson and C. Bonaparte. $3,400 to $3,800.
    Case Antiques, July 6-7: 23 CP Railroad Photographs c. 1883 by O.B. Buell. $1,800 to $2,200.
    Case Antiques
    2024 Summer Fine Art & Antiques
    July 6-7, 2024
    Case Antiques, July 6-7: Cormac McCarthy, Signed 1st Editions, The Passenger & Stella Maris Box Set. $1,700 to $1,800.
    Case Antiques, July 6-7: Oliver Buell Cabinet Photograph, Chief Crowfoot. $1,400 to $1,800.
    Case Antiques, July 6-7: Colton's Atlas of the World, 1856, in Two Volumes; plus Africa / Mahdist War Map. $1,000 to $1,200.
    Case Antiques
    2024 Summer Fine Art & Antiques
    July 6-7, 2024
    Case Antiques, July 6-7: 1805 Thomas Jefferson Inaugural Speech. $1,000 to $1,200.
    Case Antiques, July 6-7: Barflies and Cocktails, Harry McElhone, First Edition Mixology Book. $1,000 to $1,200.
    Case Antiques, July 6-7: 1861 U. S. Grant Broadside Proclamation, Paducah, KY. $1,000 to $1,200.
    Case Antiques
    2024 Summer Fine Art & Antiques
    July 6-7, 2024
    Case Antiques, July 6-7: 2 John Overton Signed Letters, 1803, re: TN Statehood. $800 to $900.
    Case Antiques, July 6-7: Simon Wastell "Microbiblion or The Bibles Epitome: in Verse" 1629. $600 to $700.
    Case Antiques, July 6-7: Thomas Lewis Family Letter Archive; Boston, Massachusetts. $400 to $500.

Rare Book Monthly

Articles - February - 2021 Issue

Remembering an Excellent Effort to Understand the Market in 1978/1979

A powerful story

I was recently given a gift by an old friend, old enough to have achieved emeritus status both with the ABAA and AE & RBH:

 

Annual Report of the American Rare, Antiquarian and Out-of-Print Book Trade, 1978/1979. 

 

The year being reviewed was the traditional auction and library year from July 1st to June 30th, 1978 to 1979.

 

Talk about exciting.  This volume is a 323 page exercise into market perspective and projection and what makes it interesting is that it was published in 1979.  I do not have a right to reprint it but have taken the liberty to provide its introduction by Denis Carbonneau as well as an essay by John F. Fleming, a well known dealer of that era.

 

It seems good timing to remember that effort, given we, in our own way, are about to release a perspective and analysis on the rare book and paper market for 2020.

 

The Annual Report for 1979 is divided into sections:

 

            Part 1.  Auctions  and Auctioneering

            Part 2.  Review of Specialized Areas

            Part 3.  Libraries and Librarianship

            Part 4.  Conservation of Material

            Part 5.  Trends of Bibliography

 

Altogether, including the introduction, 43 essays were provided.  Many of the essayists were among the who’s who of the American rare book trade in that era.  In many cases however the named writers may not have written their own pieces as those who are credited to contributing do not recall either their participation or, in some cases, to have ever seen the book.  And I did find an explanation within the author’s expression of gratitude to those who interviewed and created accounts.  That may have been the modus operandi:  a call converted into an essay.  However it was created, there is a sense of boots on the ground and this account provides a remarkable perspective.

 

The rare book field in America had been doing very well since the end of WW2 but the number of great copies was thinning.  Fine examples were continuing to appear but genuine knowledge had long been in short supply.  American Book Prices Current, since 1975, was democratizing rare book knowledge.  As well, both Christies and Sotheby’s had recently introduced a 10%  buyer’s premium and dealers were irritated and a sense of that, in my opinion, was expressed in Fleming’s warm embrace of Swann, suggesting they did not seem to be weakened by not charging a buyer’s premium.  The relationship between the leading auction houses and dealers was fraught as auction houses, while acting coquettish with collectors, were relying on dealer bids to sell most of their lots.  The Fleming essay to me suggests dealer patience was running thin.  Whatever, by 1981, Swann was also charging a buyer’s premium.  The market was changing.

 

Had the series of Annual Reports continued over the next 20 years I must say, I suspect neither Americana Exchange nor Rare Book Hub would have been needed.  Our project arose from the rising complexity of the field at a time when crucial factors about rarity, bibliography and probability of reappearance were increasingly needed for collecting institutions and private collectors to quickly assess extensive priced auction history.  As a collector what I needed to make competent judgments for myself I simply assumed the strong majority of serious collectors also needed and would want to do; to be able to gauge value, rarity and relevance to the point the collecting beast could in confidence be released to pillage.  RBH does that today and I believe we are contributing to the market's strength.  RRRRRRHHH!

 

In his way Mr. Carbonneau and his team sought to capture the scale and pace of the many categories of collecting just as we have over the past 18 years [2002-2020].  Our approach has been to be neutral and fact based, while providing every scrap of detail we have been able to find.  I feel we are heirs to their ambitions.

 

Their approach was more personal and quite believable.

 

As AE and its later incarnation, Rare Book Hub, we have developed a service based on the proposition that information is vital to intelligent decision making about buying and selling books, manuscript, maps and ephemera.  That proposition then in 1979 and 18 years ago when we began, appeared to some to be threatening to their business model but many, may I suggest, most book dealers today see the virtue of having a deep neutral database that institutions, collectors and dealers can rely on.  What unites all in our community is desire, what divides is valuation.  When the difference is explicable the differences can be bridged.  When they cannot, collectors tend to try other fields or at minimum, other dealers.

 

Over the decades It has been said relentlessly that there are no new collectors while, as we have broadened our reach to virtually all auctions selling collectable paper worldwide, we are seeing the number of auctions, the volume of lots, and the percentage of lots selling rising.  The market is looking very strong.  To the concern as to whether there are new collectors, the answer is in the number of auctions, lots and turnover.

 

So it’s interesting that I received this precious volume recently just as we’re preparing the annual review for the field for 2020.  I freely admit we don’t have 37 experts to review specific categories of collecting but we do make it possible for all interested to analyze all the data that has comprised the year; 1,857 auctions, 521,422 lots, and the total turnover 430,544 lots, so you can decide for yourself if you are comfortable in the collecting world we are in.

 

Denis Carbonneau’s introduction is page 2 of this article and John Fleming’s “Overview of the American Auction Market” is page 3.

 

If anyone can find Mr. Carbonneau I’d like to have his perspective.  My email is bmckinney@rarebookhub.com and phone number is 415.823.6678 [PST]

Rare Book Monthly

  • Freeman’s | Hindman, June 25: [Keats, John] Spenser, Edmund: The Works of that Famous English Poet, Mr. Edmond Spenser. $50,000 - $80,000.
    Freeman’s | Hindman, June 25: (Walton, Izaak): The Compleat Angler or the Contemplative man's Recreation. Being a Discourse of Fish and Fishing. $30,000 - $50,000.
    Freeman’s | Hindman, June 25: Thomas, Gabriel: An Historical and Geographical Account of the Province and Country of Pensilvania; and of West-New-Jersey in America. $25,000 - $35,000.
    Freeman’s | Hindman, June 25: [Carroll, Lewis]: The Game of Alice in Wonderland. $2,000 - $3,000.
    Freeman’s | Hindman, June 25: Athias, Joseph, et al.: Biblia Hebraica. $7,000 - $10,000.
    Freeman’s | Hindman, June 25: [Warhol, Andy, and Jens Quistgaard] Dansk Designs Salesman's Presentation Catalogue. $2,500 - $3,500.
  • Sotheby’s, June 26: Poe, Edgar Allan. Tamerlane — the most poignant rarity in American literature. 400,000 - 600,000 USD
    Sotheby’s, June 26: The Declaration of Independence. "We hold these truths to be self-evident, that all men are created equal..." 2,500,000 - 5,000,000 USD
    Sotheby’s, June 26: William Blake. “Poems with very wild and interesting pictures” 1,200,000 - 1,800,000 USD
    Sotheby’s, June 26: Thomas Taylor [artist]. The original cover art for Harry Potter and the Philosopher’s Stone. 400,000 - 600,000 USD

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