• <b><center>Sotheby’s<br>Bibliotheca Brookeriana: A Renaissance Library<br>Magnificent Books and Bindings<br>11 October 2023</b>
    <b>Sotheby’s, Oct. 11:</b> Francesco Colonna, Hypnerotomachie, Paris, 1546, Parisian calf by Wotton Binder C for Marcus Fugger. $300,000 to $400,000.
    <b>Sotheby’s, Oct. 11:</b> Leonardo da Vinci, Trattato della pittura, manuscript on paper, [Rome, ca. 1638–1641], a very fine pre-publication manuscript. $250,000 to $300,000.
    <b>Sotheby’s, Oct. 11:</b> Paradis, Ung petit traicte de Alkimie, [Paris, before 1540], contemporary morocco by the Pecking Crow binder for Anne de Montmorency. $300,000 to $350,000.
    <b>Sotheby’s, Oct. 11:</b> Capocaccia, Giovanni Battista, A wax relief portrait of Pius V, in a red morocco book-form box by the Vatican bindery, Rome, 1566–1568. $250,000 to $300,000.
    <b>Sotheby’s, Oct. 11:</b> Serlio, Il terzo libro; Regole generali, Venice, 1540, both printed on blue paper and bound together by the Cupid's Bow Binder. $400,000 to $500,000.
    <b>Sotheby’s, Oct. 11:</b> Tiraboschi, Carmina, manuscript on vellum, [Padua, c. 1471], the earliest surviving plaquette binding. $280,000 to $350,000.
    <b><center>Sotheby’s<br>Bibliotheca Brookeriana: A Renaissance Library<br>The Aldine Collection A–C<br>12 October 2023</b>
    <b>Sotheby’s, Oct. 12:</b> Anthologia graeca, Venice, Aldus, 1503, printed on vellum, Masterman Sykes-Syston Park copy. $150,000 to $200,000.
    <b>Sotheby’s, Oct. 12:</b> Castiglione, Il libro del cortegiano, Venice, Aldus, 1528, contemporary Italian morocco gilt, Accolti-Landau copy. $200,000 to $300,000.
    <b>Sotheby’s, Oct. 12:</b> Castiglione, Il libro del cortegiano, Venice, Aldus, 1545, contemporary morocco for Thomas Mahieu, Chatsworth copy. $200,000 to $300,000.
    <b>Sotheby’s, Oct. 12:</b> Cicero, Epistolae familiares, Venice, Aldus, 1502, printed on vellum, illuminated, Renouard-Vernon-Uzielli copy. $200,000 to $300,000.
    <b>Sotheby’s, Oct. 12:</b> Colonna, Hypnerotomachia Poliphili, Venice, Aldus, 1499, Gomar Estienne binding for Jean Grolier, Spencer copy. $400,000 to $600,000.
    <b>Sotheby’s, Oct. 12:</b> Crinito, Libri de poetis Latinis, Florence, Giunta, 1505, Cupid's Bow Binder for Grolier, Paris d'Illins-Wodhull copy. $250,000 to $300,000.
  • <center><b>Jeschke Jadi Auctions Berlin<br>Rare Books, Prints, Historical Photography<br>29 September 2023</b>
    <b>Jeschke Jádi, Sep. 29:</b> Jan Theodor de Bry. <i>Anthologia magna sive Florilegium novum.</i> 1626. 9,000 €
    <b>Jeschke Jádi, Sep. 29:</b> John Locke. <i>Epistola de tolerantia ad Clarissimum Virum T.A.R.P.T.O.L.A.</i> 1689. 9000 €
    <b>Jeschke Jádi, Sep. 29:</b> F. T. Marinetti, Boccioni, Pratella, Carrà, a.o. <i>Collection of 35 Futurist manifestos.</i> 1909-1933. 7000 €
    <b>Jeschke Jádi, Sep. 29:</b> Johann Elert Bode, Rare engraved celestial globe. (1804). 6000 €
    <b>Jeschke Jádi, Sep. 29:</b> Sebastian Brant (ed.). <i>Tertia pars huius operis in se continens glosam ordinariam cum expositione lyre litterali et morali.</i> 1498. 5000 €
  • <center><b>Christie’s<br>Charlie Watts: Literature and Jazz<br>London and online auction<br>15–29 September</b>
    <b>Christie’s, Explore now:</b><br>F. Scott Fitzgerald (1896–1940). <i>The Great Gatsby.</i> New York: Charles Scribner's Sons, 1925. £100,000–150,000
    <b>Christie’s, Explore now:</b><br>Arthur Conan Doyle (1859–1930). </i>The Hound of the Baskervilles: Another Adventure of Sherlock Holmes.</b> London: George Newnes, 1902. £70,000–100,000
    <b>Christie’s, Explore now:</b><br>Agatha Christie (1890–1976). <i>The Thirteen Problems.</i> London: for the Crime Club Ltd. by W. Collins Sons & Co. Ltd., 1932. £40,000–60,000
    <b>Christie’s, Explore now:</b><br>Dashiell Hammett (1894–1961). <i>The Maltese Falcon.</i> New York: Alfred A. Knopf, 1930. £30,000–50,000
  • <center><b>Potter & Potter Auctions<br>Nobu Shirase and the Japanese Antarctic Expedition: the Collection of Chet Ross<br>October 12, 2023</b>
    <b>Potter & Potter, Oct. 12:</b> [BYRD]. VEER, Willard Van der and Joseph T. RUCKER, cinematographers. The 35mm motion picture Akeley camera that filmed the Academy Award-winning documentary “With Byrd at the South Pole”. $30,000 to $50,000.
    <b>Potter & Potter, Oct. 12:</b> [SHIRASE, Nobu, his copy]. RYUKEI, Yano. <i>Young Politicians of Thebes: Illustrious Tales of Statesmanship.</i> Tokyo(?), 1881-84. $15,000 to $20,000.
    <b>Potter & Potter, Oct. 12:</b> SHACKLETON, Ernest H. <i>The Antarctic Book.</i> Winter Quarters 1907-1909 [dummy copy of the supplement to: <i>The Heart of the Antarctic</i>]. London, 1909. $10,000 to $15,000.
    <b>Potter & Potter, Oct. 12:</b> [USS BEAR]. The original auxiliary deck wheel from the famed USS Bear, 1874-1933. “PROBABLY THE MOST FAMOUS SHIP IN THE HISTORY OF THE COAST GUARD” (USCG). $10,000 to $15,000.
    <b>Potter & Potter, Oct. 12:</b> HENSON, Matthew. <i>A Negro Explorer at the North Pole.</i> With a forward by Robert Peary. Introduction by Booker T. Washington. New York, [1912]. $3,000 to $4,000.

Rare Book Monthly

Articles - February - 2021 Issue

Prices at Auction: It Was a Very Good Year

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Sales are going up.

The year 2020 was a year like no other. The coronavirus pandemic was bad for way more businesses than it was good. Many went under. What would this mean for books and other paper collectibles? Would unemployment rates that soared higher than at any time since the Great Depression severely damage the trade, or would people stuck at home but not financially hurt exchange dollars usually spent on entertainment for building their collections? The experiences felt by many dealers was different, but for auctions of books and other paper collectibles, the answer was collectors repurposed those dollars rather than hording them. They collected. It was an exceptionally good year at auction.

 

The median or midpoint price of all lots sold was $285. In 2019, it was $275. That was an increase of 3.6%, more than erasing a 2.8% drop the year before. It was the highest since 2014 when it was $286. The average price declined from $1,834 to $1,684, but the average is highly affected by a few sales at the very top, rather than reflecting the overall market. As noted last month in our report on the Top 500 paid at auction, prices were soft at the very high end.

 

One might think the increase in prices was balanced by fewer sales being made but that was not the case. The sell-through rate was an astonishing 83%. That was up from 77% the previous year. In fact, that was the highest sell-through rate since we have been tracking these numbers in 2004 and it wasn't even close. This was the first time it has exceeded 80%. And, that was not because fewer items were offered. That number was also up, slightly, to 521,422, or 4,000 more than the prior year. The number of lots sold in 2020 was 430,544 vs. 395,690 in 2019. Interestingly, the total dollar volume of sales was exactly the same as 2019 - $725 million. What that represented was a decline in prices at the high end balanced by an increase in prices and sales of material at the lower and middle ranges. That is a change in what we have come to expect – strength at the top with weakening demand at the lower and middle prices. That was a surprising revelation.

 

We recognize that many dealers have not experienced such a good year as their model was not as amenable to a lock-down year. Auction sales have been evolving more and more toward an online, virtual model for years. Most sales are no longer made to buyers present in the auction rooms. Rather, they go to online and telephone bidders. On the other hand, many dealers have relied on in-person contact, either in their bookstores or through participation at live book fairs. Many found their stores forced to close during the pandemic, and even when allowed to be open, few people dared to venture out to public spaces, particularly among the more vulnerable older people who make up a large part of the collecting market. Meanwhile, live fairs came to a screeching halt after the New York fairs in early March and never resumed.

 

The reality is many dealers have been struggling for many years as the older models for book selling have not worked as well in the current market. Herein lies a potential long term bright spot for the dealers in the midst of this difficult year. One has been the emergence of paper collectibles other than books, such as manuscripts, photographs, prints, comic books, even baseball cards. Even among book buyers, more collectors are collecting a subject, rather than a type, that is, buying books, manuscripts, prints etc. pertaining to a favored subject, rather than buying only books or prints, etc. Many dealers are expanding their inventory to meet this changing demand, rather than limiting themselves to a single shrinking part of the market.

 

The other bright spot is the surprising success of the virtual book fairs. Reports from both dealers and fair organizers have mostly been very positive, and it appears that this new sales vehicle will remain even after the coronavirus is gone. There is something new under the sun in book and paper selling after all, and this one has some major advantages over the live book fair. It is easier to prepare for this type of fair and the cost of participation is much less for the dealer. Selling more is only one way of improving profitability. Reducing costs is the other.

 

Here are some more statistics from auction sales for 2020. As usual, more lots sold for over the auction houses' high estimate than below it, 59%-22%. However, that is a misleading number since lots that do not sell are really the same as selling for less than the low estimate. In 2019, 42.2% of all lots sold for over the highest estimate, while slightly more, 43.4%, either sold below the low estimate or did not sell at all. In 2020 there was a complete reversal. 48.6% of all lots offered sold above their high estimates while 35.5% sold under the low estimate or not at all. Apparently, even the auction houses did not anticipate such robust prices.

 

The busiest quarter was, as usual, the fourth, with 32.2% of the lots offered in the last quarter. That was up from 31% the prior year. In 2019, May was the busiest month, but for whatever reason, it was only the fifth most active month in 2020. Most likely, the auction houses were still adjusting to the pandemic. Most years, November is the busiest, but for the first time, the highest number of lots were offered in December, saving the most, if not the best, for last. 11.5% of all lots were offered in December compared to 5.3% in August, the slowest month. Nevertheless, August has been the fastest growing month in recent years as more houses try to reach buyers at a time of year when competition is not as great.

 

The highest average price went to the Arader Galleries in-house auctions at $28,912 per lot. Next came Christie's King Street London at $23,418, followed by Christie's New York and Sotheby's New York, both at $21,000-plus. These numbers were mostly down, reflective of some softness at the top. At the other end of the scale, there are still bargains available in the Lancaster Mennonite Historical Society sales with an average of $53 per lot, and Alaska Auction at $66. Those who collect on a limited budget will be pleased that 16 houses had median prices under $100.

 

As for who sold (and offered) the most lots it again was not close. That went to Heritage Auction, which sold 179,915 lots. Only two others were over 10,000, Catawiki with 15,618 and RR Auction with 10,730. Trilium, Forum, Holabird Kagin, and PBA all had over 9,000.

Rare Book Monthly

  • <b><center>Case Auctions<br>Fall Fine Art & Antiques Auction<br>October 6-7, 2023</b>
    <b>Case Auctions, Oct. 7:</b> John Speed 1676 Map of Virginia, Maryland, and Chesapeake Bay. $1,000 to $1,200.
    <b>Case Auctions, Oct. 7:</b> Andrew Jackson Coffin Handbill and Political Cartoon. $800 to $900.
    <b>Case Auctions, Oct. 7:</b> Three Andrew Jackson Bank War Cartoons, incl. Way to Arabay. $800 to $900.
    <b>Case Auctions, Oct. 7:</b> Three Andrew Jackson period Political Cartoons inc. Petticoat Affair. $500 to $600.
    <b>Case Auctions, Oct. 7:</b> Cdre. Jesse D. Elliott ALS and Sarcophagus Print, Andrew Jackson & USS Constitution elated. $500 to $600.
    <b><center>Case Auctions<br>Fall Fine Art & Antiques Auction<br>October 6-7, 2023</b>
    <b>Case Auctions, Oct. 7:</b> Presidential Autographs & Portrait Prints incl. Eisenhower Photo, 18 items. $400 to $500.
    <b>Case Auctions, Oct. 7:</b> Group of three Robert E. Lee Cabinet Card Photographs, Miley Studio. $400 to $500.
    <b>Case Auctions, Oct. 7:</b> Eight Fugitive Writer related books incl. Andrew Lytle, R.P. Warren, J.C. Ransom, Allen Tate. $400 to $500.
    <b>Case Auctions, Oct. 7:</b> Group Early Southern and Civil War Era Sheet Music. $300 to $350.
    <b>Case Auctions, Oct. 7:</b> Henry Miller, <i>Insomnia or the Devil at Large;</i> Signed; Loujon Press 1970. $500 to $600.
  • <b><center>Australian Book Auctions<br>Voyages, Natural History &c.<br>October 4, 2023<br>9:00 AM Australian Western Time</b>
    <b>Australian Book Auctions, Oct. 4:</b> PURCHAS, Samuel (circa 1577-1626). <i>HAKLUYTUS POSTHUMUS OR PURCHAS HIS PILGRIMES…,</i> London, 1625-1626. First edition. $40,000 to $60,000 AUD
    <b>Australian Book Auctions, Oct. 4:</b> GOULD, John. <i>THE BIRDS OF AUSTRALIA,</i> Volume IV. Folio, 104 fine handcoloured lithographed plates. London, 1848. $20,000 to $30,000 AUD
    <b>Australian Book Auctions, Oct. 4:</b> REICHENOW, Dr. Ant. <i>VOGELBILDER AUS FERNER ZONEN, abbildungen und beschreibungen der Papageien.</i> Kassel, 1878-1883. Folio, 33 hand-finished chromolithograph plates. $3,000 to $5,000 AUD
    <b>Australian Book Auctions, Oct. 4:</b> WALLIS, <i>E. WALLIS’S ELEGANT AND INSTRUCTIVE GAME exhibiting the Wonders of Nature, in Each Quarter of the World.</i> Handcoloured view, 26 numbered scenes. $400 to $600 AUD.
    <b>Australian Book Auctions, Oct. 4:</b> GREENAWAY, Kate. <i>ALMANACK FOR 1883</i> [and following years]. Twenty-two volumes, including six duplicates in variant bindings. $1,400 to $1,800 AUD.
  • <center><b>Gonnelli: Auction 46 Books<br>Autographs & Manuscripts<br>Oct 3rd-5th 2023</b>
    <b>Gonnelli:</b> Tilson - Zanotto, Il vero tema. 2011. Starting price 150 €
    <b>Gonnelli:</b> Munari, Storia di un filo. Starting price 400 €
    <b>Gonnelli:</b> Debord, Contre le cinéma. 1964. Starting price 150 €
    <b>Gonnelli:</b> Futurism books and ephemera
    <b>Gonnelli:</b> Travel books
    <b>Gonnelli:</b> Medicine books
    <b>Gonnelli:</b> Levaillant, Histoire naturelle des perroquets. 1801-1805. Starting price 52.000 €
    <b>Gonnelli:</b> Carrera, Il gioco de gli scacchi. 1617. Starting price 3200 €
    <b>Gonnelli:</b> Vergilius, Opera. 1515. Starting price 800 €
  • <b><center>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>28th September 2023</b>
    <b>Forum Auctions, Sep. 28:</b> Asia.- Mandeville (Sir John). <i>Tractato bellissimo delle piu maravigliose cose & piu motabile che sitrovino nelle parte delmondo,</i> Florence, [Lorenzo Morgiani], [?1505] or possibly, 1496-99. £40,000 to £60,000.
    <b>Forum Auctions, Sep. 28:</b> Arabic ms.- Ghazaliyaat Kan'at al-Arabi [Divan of Poetry written in Arabic], illuminated manuscript in Arabic, Safavid Persia (probably Isfahan), [second quarter of 16th century]. £12,000 to £16,000.
    <b>Forum Auctions, Sep. 28:</b> Foxe (John). <i>Actes and monuments of these latter and perillous dayes, touching matters of the Church…,</i> first edition, dwellyng ouer Aldersgate, [20th March, 1563]. £15,000 to £20,000.
    <b><center>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>28th September 2023</b>
    <b>Forum Auctions, Sep. 28:</b> Barrie (J.M.) <i>Peter Pan or The Boy Who Would Not Grow Up,</i> first play edition, signed presentation inscription from the author "To my dear Jane Pan", 1928. £3,000 to £4,000.
    <b>Forum Auctions, Sep. 28:</b> Gillray (James). John Bull taking a Luncheon: -or- British Cooks, cramming Old Grumble-Gizzard, with Bonne-Chére, etching with hand-colouring, 1798. £1,500 to £2,000.
    <b>Forum Auctions, Sep. 28:</b> Middle East.- Roberts (David). <i>The Holy Land, Syria, Idumea, Arabia, Egypt & Nubia,</i> 6 vol. bound as 4, first edition, 1842-49. £12,000 to £18,000.
    <b><center>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>28th September 2023</b>
    <b>Forum Auctions, Sep. 28:</b> Greenwood (C. & J.) <i>Map of London made from an Actual Survey in the Years 1824, 1825 & 1826...,</i> first edition, engraved map, 1827. £15,000 to £20,000.
    <b>Forum Auctions, Sep. 28:</b> Newton (Sir Isaac). <i>Opticks: or, A Treatise of the Reflexions, Refractions, Inflexions and Colours of Light…,</i> first edition, 1704. £15,000 to £20,000.
    <b>Forum Auctions, Sep. 28:</b> Smith (Percy John Delf). Collection of 19 original preliminary drawings for "Twelve Drypoints of the War 1914-1918", circa 1914-1918; together with 11 drypoints from "Twelve Drypoints of the War 1914-1918", 1925. £15,000 to
    <b><center>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>28th September 2023</b>
    <b>Forum Auctions, Sep. 28:</b> Guild of Women Binders.- Watts (Alaric A.) <i>Lyrics of the Heart: with other poems</I>, in a stunning richly gilt green crushed morocco by the Guild of Women Binders, Longman, 1851. £12,000 to £18,000.
    <b>Forum Auctions, Sep. 28:</b> Cosway binding.- Dodgson (Charles Lutwidge). "Lewis Carroll". <i>Alice's Adventures in Wonderland,</i> in a Cosway binding with miniatures by Miss C.B. Currie, 1868. £10,000 to £15,000.
    <b>Forum Auctions, Sep. 28:</b> Fleming (Ian). <i>Casino Royale,</i> first edition, first impression, 1953. £18,000 to £22,000.
  • <center><b>Swann Auction Galleries View Our Record Breaking Results</b>
    <b>Swann:</b> Charles Monroe Schulz, <i>The Peanuts gang,</i> complete set of 13 drawings, ink, 1971. Sold June 15 — $50,000.
    <b>Swann:</b> Charlotte Perkins Gilman, Family Archive of Photographs & Letters. Sold June 1 — $60,000.
    <b>Swann:</b> Victor H. Green, <i>The Negro Motorist Green Book,</i> New York, 1949. Sold March 30 — $50,000.
    <b>Swann:</b> William Shakespeare, <i>King Lear; Othello;</i> [and] <i>Anthony & Cleopatra;</i> Extracted from the First Folio, London, 1623. Sold May 4— $185,000.
    <center><b>Swann Auction Galleries View Our Record Breaking Results</b>
    <b>Swann:</b> William Samuel Schwartz, <i>A Bridge in Baraboo, Wisconsin,</i> oil on canvas, circa 1938. Sold February 16 — $32,500.
    <b>Swann:</b> Lena Scott Harris, <i>Group of approximately 65 hand-colored botanical studies, all apparently California native plants,</i> hand-colored silver prints, circa 1930s. Sold February 23 — $37,500.
    <b>Swann:</b> Suzanne Jackson, <i>Always Something To Look For,</i> acrylic & pencil on linen canvas, circa 1974. Sold April 6 — $87,500.
    <b>Swann:</b> Gustav Klimt, <i>Das Werk von Gustav Klimt,</i> complete with 50 printed collotype plates, Vienna & Leipzig, 1918. Sold June 15 — $68,750.

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