Rare Book Monthly

Articles - November - 2021 Issue

Being on Top of the Market

When bidding or buying why guess what is fair market value?

When bidding or buying why guess what is fair market value?

Book valuation is never a certain number when you look on a listing site because what determines market value is when a  willing buyer makes an offer and the seller agrees.  Book listing sites offer millions of printed items and certainly try to convey that the price is the price, take it or leave it.  But in time the vast majority of browsers find that what they first wanted and thought was too expensive, they later find the market slowly affirms their opinion, when the item remains unsold.  It’s inefficient but listing sites believe buyers will pay up.

 

When printed paper comes up on auction sites it’s a different proposition. The date of the sale is firm but the price will be market determined.  The outcome, for book buyers who are patient, can return to listing sites periodically for an update of status, knowing most material will still be posted for months if not years.  But for auctions, 80% of all lots offered will soon be sold on the day of the sale.  When it’s something you missed it’s frustrating.  To avoid that risk requires a collector or collecting institution monitor the daily flow of upcoming auction lots in the collectible paper field.

 

Collectible paper is a part of many auctions but to look for that type of material requires looking to and through sales that are only tangentially relevant.  We alone, on Rare Book Hub, make it possible to know what’s upcoming at auction in collectible paper worldwide because we work with most auction houses and review their upcoming events and then post their related lots.  This means our upcoming auction lot search is very pure.  On a typical day 2,000 fresh paper lots are posted, ensuring you’ll have a  chance, if you take a moment to run your search terms.  It’s free and efficient. 

 

Better yet, for the sake of efficiency, Rare Book Hub, years ago also developed a daily report matching member preferences and we release those reports overnight to those members who have created a matrix of search terms reflecting their interests.  That service is called Matchmaker.

 

Because auctions are typically posted 7 to 14 days ahead of sale, this means 15,000 to 30,000 items will at any given time be searched in the upcoming category.  For those who are more methodical, they can create a set of search terms matching their interests in Matchmaker.  After which we issue reports when one or more of your terms appears in upcoming lots.  This saves both time and the occasional sense of disaster when you realize you missed something that’s in your wheelhouse.

 

As well, if serious, by subscribing to our paid services, you will gain access to over 11 million records from past auctions and other sources. This will enable you to estimate current value and  the probability to appear again at auction – expressed in months and years.  And it’s useful to know.  The probability of reappearance often drives prices higher. You can learn more about it by clicking the “Rare Book Transaction History” tab at the top of the page.

 

Use the upcoming auction search.  It’s free, it saves time, and it’s sequenced by sale date so you know immediately, if something is appealing comes up at the top of the list, it’s coming up soon.  When you conclude your time is valuable, use Matchmaker in conjunction with Transactions+. 

 

This works.


Posted On: 2021-11-11 10:09
User Name: emmajoseph

nice


Rare Book Monthly

  • Heritage Auctions
    Rare Books Signature Auction
    December 15, 2025
    Heritage, Dec. 15: John Donne. Poems, By J. D. With Elegies on the Author's Death. London: M[iles]. F[lesher]. for John Marriot, 1633.
    Heritage, Dec. 15: Edgar Rice Burroughs. Tarzan of the Apes.
    Heritage, Dec. 15: F. Scott Fitzgerald. Tender is the Night. A Romance.
    Heritage, Dec. 15: Bram Stoker. Dracula. Westminster: Archibald Constable & Co., 1897.
    Heritage, Dec. 15: Jerry Thomas. How to Mix Drinks, or the Bon-Vivant's Companion, Containing Clear and Reliable Directions for Mixing All the Beverages Used in the United States…
  • Rare Book Hub is now mobile-friendly!
  • Bonhams, Dec. 8-18: Autograph Letter Signed ("Martinus Luther") to His Friend the Theologian Gerhard Wiskamp ("Gerardo Xantho Lampadario"). $100,000 - $150,000.
    Bonhams, Dec. 8-18: An Exceptionally Fine Copy of Austenís Emma: A Novel in Three Volumes. $40,000 - $60,000.
    Bonhams, Dec. 8-18: Presentation Copy of Ernest Hemmingwayís A Farewell to Arms for Edward Titus of the Black Mankin Press. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript Signed Integrally for "The Songs of Pooh," by Alan Alexander. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript of "Three Fragments from Gˆtterd‰mmerung" by Richard Wagner. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Original Preliminary Artwork, for the First Edition of Snow Crash. $20,000 - $30,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("T.R. Malthus") to Economist Nassau Senior on Wealth, Labor and Adam Smith. $20,000 - $30,000.
    Bonhams, Dec. 8-18: History of the Peloponnesian War by Thucydides Finely Bound by Michael Wilcox. $20,000 - $30,000.
    Bonhams, Dec. 8-18: First Edition of Lewis and Clark: Travels to the Source of the Missouri River and Across the American Continent to the Pacific Ocean. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Original Artwork for the First Edition of Neal Stephenson's Groundbreaking Novel Snow Crash. $100,000 - $150,000.
    Bonhams, Dec. 8-18: A Complete Set Signed Deluxe Editions of King's The Dark Tower Series by Stephen King. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("John Adams") to James Le Ray de Chaumont During the Crucial Years of the Revolutionary War. $8,000 - $12,000.
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    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 17: Francesco Colonna. Hypnerotomachie, Paris, 1546, Parisian calf by Wotton Binder C for Marcus Fugger. €200,000 to €300,000.
    Sotheby’s, Dec. 17: Nausea. De principiis dialectices Gorgias, and other works, Venice, 1523, morocco gilt for Cardinal Campeggio. €3,000 to €4,000.
    Sotheby’s, Dec. 17: Billon. Le fort inexpugnable de l'honneur, Paris, 1555, Parisian calf gilt for Peter Ernst, Graf von Mansfeld. €120,000 to €180,000.
    Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 16: Salinger, J.D. The Graham Family archive, including autographed letters, an inscribed Catcher, a rare studio photograph of the author, and more. $120,000 to $180,000.
    Sotheby’s, Dec. 16: [Austen, Jane]. A handsome first edition of Sense and Sensibility, the author's first novel. $60,000 to $80,000.
    Sotheby’s, Dec. 16: Massachusetts General Court. A powerful precursor to the Declaration of Independence: "every Act of Government … without the Consent of the People, is … Tyranny." $40,000 to $60,000.

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