Rare Book Monthly

Articles - July - 2021 Issue

Shapero Rare Books' Parent Finishes Year with a Loss

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Image from the Scholium website.

This has been a tough year for just about anyone in the book business, but most don't have to announce their results. That is not true for Shapero Rare Books parent, Scholium Group, as it is a publicly traded company. As a result, they recently released an update on results for their last fiscal year, which ended on March 31, 2021.

 

The firm noted that it had suffered a loss in the last six months of their year, as had been the case in the first six months. They explained, “The Group's trading was severely disrupted due to the Covid-19 restrictions, in particular the closure of the Group's Mayfair retail premises for significant parts of the year, and the complete cancellation of all of the domestic and international trade fairs normally attended by the Group. As a consequence, the Group's trading has resulted in a loss for the six months to 31 March 2021.” They noted that the loss was “marginally lower” than for the previous six months, “which is a pleasing improvement.” The loss for the prior six months was £158,000 (US $212,000), which implies a loss for the year probably around £300,000 (US $400,000). Additionally, they suffered an “exceptional” loss of around £125,000 incurred in moving their location, which “will result in considerable annual cost savings for the Group in future years.”

 

Despite the losses, they reported that the firm is still well-capitalized, with £8.5 million worth of stock, £2,000 in cash, and while using a £250,000 Covid bank loan, had not drawn down on their £500,000 overdraft facility.

 

While the situation is gradually improving with regards to Covid, the company cautioned that things would not return to normal immediately. They noted that while sales continue on the internet, by mail, and on the the phone, and their location reopened on April 12, “...footfall to date remains much lower than normal. The Directors do not anticipate a return to customary levels of trading until it is possible for visitors to travel to London in safety. Accordingly, the Group is not expected to trade profitably in the first half of the year to 30 September 2021.”

 

Scholium said it expects to release a preliminary statement of their results for the year ending March 31, 2021, by the end of August.

Rare Book Monthly

  • <center><b>Swann Auction Galleries<br>A Record Breaking Season</b>
    <b>Swann:</b> <i>The Book of Mormon,</b> first edition, Palmyra, NY, 1830. Sold Sept. 30 — $112,500.
    <b>Swann:</b> Vincent Van Gogh, <i>Homme à la Pipe: Portrait du Docteur Gachet, Evening,</i> etching, 1890. Sold Nov. 2 — $161,000.
    <b>Swann:</b> Edward Ruscha, <i>Stains,</i> title page, one of 70, signed, 1969. Sold Nov. 9 — $112,500.
    <b>Swann:</b> John James Audubon, <i>Carolina Parrot, Plate 26,</i> hand colored aquatint, 1828. Sold Dec.9 — $137,000.
    <b>Swann:</b> Edmund Dulac, <i>The Snow Queen,</i> watercolor, gouache, pen & ink, 1910. Sold Dec. 16 — $125,000.
  • <center><b>Dominic Winter Auctioneers<br>26 January 2022<br>Printed Books & Maps,<br>The Sinclair Hood Library of Archaeology,<br>The Charles Tomlinson Poetry Library</b>
    <b>Dominic Winter, Jan. 26:</b> Biggs (Thomas, Hope, Theodore C & Fergusson, James). <i>Architecture at Ahmedabad, The Capital of Goozerat,</i> 1st edition, London: John Murray, 1866. £3,000 to £5,000.
    <b>Dominic Winter, Jan. 26:</b> Daniell (Thomas and William). <i>Oriental Scenery. One Hundred and Fifty Views of the Architecture, Antiquities and Landscape Scenery of Hindoostan,</i> 6 parts, 1812-16. £2,000 to £3,000.
    <b>Dominic Winter, Jan. 26:</b> Hamilton (Sir William & Pierre Francois Hugues d'Hancarville). Collection of Etruscan, Greek and Roman Antiquities from the Cabinet of the Hon.ble Wm Hamilton, volumes I & II only (of 4), Naples, 1766-67. £7,000 to £10,000.
    <center><b>Dominic Winter Auctioneers<br>26 January 2022<br>Printed Books & Maps,<br>The Sinclair Hood Library of Archaeology,<br>The Charles Tomlinson Poetry Library</b>
    <b>Dominic Winter, Jan. 26:</b> Moore (Lieutenant Joseph & Captain Frederick Marryat). Eighteen Views taken at & near Rangoon, [1825]. £2,000 to £3,000.
    <b>Dominic Winter, Jan. 26:</b> Williamson (Captain Thomas & Howitt, Samuel). <i>Oriental Field Sports; Being a Complete, Detailed and Accurate Description of the Wild Sports of the East;</i> 1st edition, London, 1807. £5,000 to £8,000.
    <b>Dominic Winter, Jan. 26:</b> Knoop (Johann Hermann). <i>Pomologia, dat is Beschryvingen en Afbeeldingen van de beste zoorten van Appels en Peeren, Fructologia …,</i> 3 volumes in 1, Leeuwarden: A Ferwerda and G. Tresling, [1758]. £1,000 to £1,500.
    <center><b>Dominic Winter Auctioneers<br>26 January 2022<br>Printed Books & Maps,<br>The Sinclair Hood Library of Archaeology,<br>The Charles Tomlinson Poetry Library</b>
    <b>Dominic Winter, Jan. 26:</b> North America. Wyld (James), Map of the Colony of British Columbia and the British & American Territory West of the Rocky Mountains, Including Vancouvers Island and the Gold Fields, 1858. £1,500 to £2,000.
    <b>Dominic Winter, Jan. 26:</b> Pocket Globe. A Correct Globe with the New Discoveries, circa 1785. £2,000 to £3,000.
    <b>Dominic Winter, Jan. 26:</b> Wales. Morden (Robert), Twelve 'playing card maps' of Wales, circa 1676. £1,000 to £1,500.
    <center><b>Dominic Winter Auctioneers<br>26 January 2022<br>Printed Books & Maps,<br>The Sinclair Hood Library of Archaeology,<br>The Charles Tomlinson Poetry Library</b>
    <b>Dominic Winter, Jan. 26:</b> Society of Dilettanti. <i>Antiquities of Ionia,</i> 5 volumes: 1821, 1797, 1840, 1881 & 1915. £3,000 to £5,000.
    <b>Dominic Winter, Jan. 26:</b> Churchill (Winston Spencer). <i>The People's Rights,</i> 1st edition, 1st issue, London: Hodder & Stoughton, [1910]. £1,000 to £1,500.
    <b>Dominic Winter, Jan. 26:</b> Paz (Octavio). <i>Blanco,</i> 1st edition, limited numbered edition, Mexico: Joaquín Mortiz, 1967. £500 to £800.
  • <center><b>Sotheby’s<br> Fine Books and Manuscripts, Including Americana<br>Online<br>Now through January 25, 2022</b>
    <b>Sotheby’s, Now to Jan. 25:</b> Audubon, John James. The "Wild Turkey" manuscript — capturing one of the nation's most iconic symbols of unity. $250,000 to $350,000.
    <b>Sotheby’s, Now to Jan. 25:</b> (Flag) — Commemorative Thirteen-Star Flag. Pre-Civil War, Thirteen-Star Flag of the United States, from the collection of Charles Kuralt. $15,000 to $25,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Fitzgerald, F. Scott. <i>Tender is the Night</i>. First edition, presentation copy, and a former mystery. $30,000 to $50,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Audubon, John James. The "Wild Turkey" manuscript — capturing one of the nation's most iconic symbols of unity. $250,000 to $350,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Salinger, J.D. <i>The Catcher in the Rye.</i> A strikingly fresh first edition of Salinger's essential novel. $20,000 to $25,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Whitman, Walt. <i>Leaves of Grass.</i> “America's second Declaration of Independence” — signed by Whitman. $150,000 to $200,000.
    <b>Sotheby’s, Now to Jan. 25:</b> [Dylan, Bob]. Some of the earliest known professional portraits. $10,000 to $15,000.
    <b>Sotheby’s, Now to Jan. 25:</b> Y-Worth [Yarworth], William. <i>Cerevisiarii Comes: Or, the New and True Art of Brewing…</i> A rare and early English work on the art of brewing. $5,000 to $7,000.
  • <b>Bonhams, Jan. 19 – 27:</b> RUTH BADER GINSBERG’S PERSONAL COPY OF THE 1957-58 HARVARD LAW REVIEW, HEAVILY ANNOTATED BY HER.
    <b>Bonhams, Jan. 19 – 27:</b> RUTH BADER GINSBURG’S TEXTBOOK FOR HER “CIVIL PROCEDURE” CLASS AT HARVARD, HEAVILY ANNOTATED BY HER.
    <b>Bonhams, Jan. 19 – 27:</b> RUTH BADER GINSBURG’S TEXTBOOK FOR COLUMBIA LAW SCHOOL CLASS ON JURISPRUDENCE, HEAVILY ANNOTATED BY HER.
    <b>Bonhams, Jan. 19 – 27:</b> HONORARY DOCTORATE AWARDED TO RUTH BADER GINSBURG BY SMITH COLLEGE, 1994.
    <b>Bonhams, Jan. 19 – 27:</b> A COPY OF JUSTICE GINSBURG’S ARTICLE, “WOMEN IN THE FEDERAL JUDICIARY,” SIGNED AND INSCRIBED BY THE JUSTICE TO SENATOR NANCY KASSEBAUM.
    <b>Bonhams, Jan. 19 – 27:</b> A COPY OF SANDRA DAY O’CONNOR’S ARTICLE, “THEY OFTEN ARE HALF-OBSCURE: THE RIGHTS OF THE INDIVIDUAL AND THE LEGACY OF OLIVER WENDELL HOLMES,” PRESENTED TO RUTH BADER GINSBURG.
    <b>Bonhams, Jan. 19 – 27:</b> A DELUXE EDITION OF ANTONIN SCALIA’S MAKING YOUR CASE: THE ART OF PERSUADING JUDGES, FROM AN EDITION OF 2000, SIGNED AND INSCRIBED TO RUTH BADER GINSBURG.
    <b>Bonhams, Jan. 19 – 27:</b> A FIRST EDITION OF SONIA SOTOMAYOR’S <i>MY BELOVED WORLD,</i> SIGNED AND INSCRIBED TO RUTH BADER GINSBURG.
    <b>Bonhams, Jan. 19 – 27:</b> A FIRST EDITION OF AL GORE’S “THE ASSAULT ON REASON,” SIGNED AND INSCRIBED TO RUTH BADER GINSBURG.
    <b>Bonhams, Jan. 19 – 27:</b> <i>BELOVED</i> BY TONI MORRISON, SIGNED AND INSCRIBED BY THE AUTHOR TO RUTH AND MARTIN GINSBURG.
    <b>Bonhams, Jan. 19 – 27:</b> A FIRST EDITION OF GLORIA STEINEM’S “MY LIFE ON THE ROAD,” SIGNED AND INSCRIBED TO RUTH BADER GINSBURG.
  • <b>Il Ponte Casa d’Aste, Jan. 25:</b> DANTE ALIGHIERI (1265-1321). <i>Commedia.</i> Venezia: Vindelino da Spira, 1477. Estimate: € 40.000 - 60.000.
    <b>Il Ponte Casa d’Aste, Jan. 25:</b> DALI, Salvador (1908-1989) - William SHAKESPEARE (1564-1616). <i>Romeo e Giulietta.</i> Milan: Rizzoli, 1975. Estimate: € 25.000 - 35.000.
    <b>Il Ponte Casa d’Aste, Jan. 25:</b> MALVASIA, Cornelio; MONTANARI, Geminiano. <i>Ephemerides novissimae motuum coelestium.</i> Modena: Cassiani, 1662. Estimate: € 8.000 - 12.000.
    <b>Il Ponte Casa d’Aste, Jan. 25:</b> JANSSONIUS, Johannes. <i>Atlantis majoris quinta pars, Orbem maritimum [Novus Atlas, volume V: carte marittime].</i> Amsterdam: Janssonius, 1650. Estimate: € 12.000 - 18.000.

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