• Swann, Apr. 22: Lot 124: Henri Courvoisier-Voisin, et alia, [Recueil de Vues de Paris et ses Environs], depicting precursors of the modern roller coaster, Paris, [1814-1819?]. $2,000 to $3,000.
    Swann, Apr. 22: Lot 148: Pablo Picasso & Fernando de Rojas, La Célestine, First Edition, Paris, 1971. $30,000 to $40,000.
    Swann, Apr. 22: Lot 201: Omar Khayyam & Edward Fitzgerald, Rubaiyat, William Bell Scott's copy of the First Edition, London, 1859. $20,000 to $30,000.
    Swann, Apr. 22: Lot 223: Charles Dickens, Great Expectations, First Edition, extra-illustrated with hand-colored plates by Palinthorpe, London, 1861. $7,000 to $9,000.
    Swann, Apr. 22: Lot 248: L. Frank Baum, The Wonderful Wizard of Oz, First Edition, inscribed by the illustrator, Chicago & New York, 1900. $20,000 to $30,000.
    Swann, Apr. 22: Lot 305: Tycho Brahe & Pierre Gassendi, Tychonis Brahei Vita, Paris, 1654. From the Collection of Owen Gingerich. $8,000 to $12,000.
    Swann, Apr. 22: Lot 338: Giovanni Battista Riccioli, Almagestum Novum, two folio volumes, Bologna, 1651. From the Collection of Owen Gingerich. $8,000 to $10,000.
    Swann, Apr. 22: Lot 350: Tobias Cohn, Ma'aseh Toviyyah, first edition, Venice, 1707-8. $3,000 to $5,000.
    Swann, Apr. 22: Lot 359: Alan Turing, Computing, Machinery, and Intelligence, first edition, Edinburgh, 1950. $3,000 to $5,000.
  • Sotheby's
    Sell Your Fine Books & Manuscripts
    Sotheby’s: The Shem Tov Bible, 1312 | A Masterpiece from the Golden Age of Spain. Sold: 6,960,000 USD
    Sotheby’s: Ten Commandments Tablet, 300-800 CE | One of humanity's earliest and most enduring moral codes. Sold: 5,040,000 USD
    Sotheby’s: William Blake | Songs of Innocence and of Experience. Sold: 4,320,000 USD
    Sotheby’s: The Declaration of Independence | The Holt printing, the only copy in private hands. Sold: 3,360,000 USD
    Sotheby's
    Sell Your Fine Books & Manuscripts
    Sotheby’s: Thomas Taylor | The original cover art for Harry Potter and the Philosopher's Stone. Sold: 1,920,000 USD
    Sotheby’s: Machiavelli | Il Principe, a previously unrecorded copy of the book where modern political thought began. Sold: 576,000 GBP
    Sotheby’s: Leonardo da Vinci | Trattato della pittura, ca. 1639, a very fine pre-publication manuscript. Sold: 381,000 GBP
    Sotheby’s: Henri Matisse | Jazz, Paris 1947, the complete portfolio. Sold: 312,000 EUR
  • Gros & Delettrez, Apr. 23: BELLEFOREST (François de). La cosmographie universelle de tout le monde. €12,000 to €15,000.
    Gros & Delettrez, Apr. 23: DESNOS (Louis Charles). Mappe-monde, ou Carte Generale de la Terre. €5,000 to €6,000.
    Gros & Delettrez, Apr. 23: BLAEU (Willem Janszoon & Joan). Theatrum Sabaudiae. €18,000 to €20,000.
    Gros & Delettrez, Apr. 23: LINASSI. Ferdinando Ie Maria Anna Carolina nel Litorale in Settembre 1844. €4,000 to €5,000.
    Gros & Delettrez, Apr. 23: AMBROSOLI (Francesco). Monumento a Francesco Primo in Vienna. €3,000 to €4,000.
    Gros & Delettrez, Apr. 23: Plano de la plaza de Mesina y de su ciudadel y castiglios. €5,000 to €6,000.
    Gros & Delettrez, Apr. 23: ROCKSTUHL (Alois Gustav), GILLE (Florent A.). 78 Lithographies du Musée de Tzarskoe-Selo. €1,000 to €1,500.
    Gros & Delettrez, Apr. 23: Chtchedrovski, Ignatiy Stepanovitch. €2,000 to €3,000.
    Gros & Delettrez, Apr. 23: DE BRUYN (Cornelis). Voyage au Levant. €3,000 to €5,000.
    Gros & Delettrez, Apr. 23: ABI ISHAQ AHMAD B. IBRAHIM AL-THAʿLABI (M. 1035) : TROISIÈME VOLUME DU KASHF WA-L-BAYAN ʻAN TAFSIRI AL-QURʼAN. €3,000 to €5,000.
    Gros & Delettrez, Apr. 23: DESNOS (Louis Charles). L’Afrique. €3,000 to €4,000.
    Gros & Delettrez, Apr. 23: DE BRUYN (Cornelis). Voyages de Corneille Le Brun par la Moscovie, en Perse, et aux Indes orientales. €1,500 to €2,000.
    Gros & Delettrez, Apr. 23: DESNOS. (Louis Charles). Amérique septentrionale et Méridionale. €4,000 to €5,000.
    Gros & Delettrez, Apr. 23: ÉLIOT (J.B.) ; MONDHARE (Louis Joseph). Carte du théatre de la guerre actuel entre les anglais et les treize Colonies Unies de l'Amérique Septentrionale. €5,000 to €6,000.
  • Old World Auctions (April 23):
    Lot 748. Second volume of Blaeu's atlas featuring 89 maps of the Americas and Asia (1642) Est. $12,000 - $15,000
    Old World Auctions (April 23):
    Lot 12. A world map with popular cartographic myths and unique embellishments (1788) Est. $3,000 - $3,750
    Old World Auctions (April 23):
    Lot 30. One of the most sought-after charts from Cellarius' work (1708) Est. $1,200 - $1,500
    Old World Auctions (April 23):
    Lot 38. Anti-Vietnam War persuasive cartography on a velvet poster (1971) Est. $350 - $425
    Old World Auctions (April 23):
    Lot 43. Ortelius' influential map of the New World - second plate (1584) Est. $4,750 - $6,000
    Old World Auctions (April 23):
    Lot 95. Scarce German map illustrating the French & Indian War (1755) Est. $8,000 - $9,500
    Old World Auctions (April 23):
    Lot 149. Bachmann's dramatic view of the Mid-Atlantic region (1864) Est. $1,200 - $1,500
    Old World Auctions (April 23):
    Lot 373. De Jode's very rare map of Europe with costumed figures (1593) Est. $6,000 - $7,500
    Old World Auctions (April 23):
    Lot 674. De Bry's Petits Voyages, Part VII with all plates and map of Sri Lanka (1606) Est. $1,400 - $1,700
    Old World Auctions (April 23):
    Lot 704. The first printed map devoted to the Pacific in full contemporary color (1589) Est. $7,500 - $9,000
    Old World Auctions (April 23):
    Lot 734. Superb hand-colored image of the Tree of Jesse (1502) Est. $700 - $850

Rare Book Monthly

Articles - January - 2022 Issue

“NFT” Is the Word of the Year. But What Is It?

This is not a real (as in physical) baseball card.

This is not a real (as in physical) baseball card.

Collins Dictionary has named its Word of the Year, and it's one that collectors of all stripes will need to know in the years ahead. The “word,” though it isn't really a word, is “NFT.” It's an abbreviation for two words and one prefix, “non-fungible token.” That's a mouthful and probably half the people who are familiar with NFTs don't know what it stands for, even if they understand the concept. For many others, they don't understand the concept even if they have read the definition. It is not easy for people who grew up in a physical world to understand the digital one. I know.

 

NFTs, which have only been around a few short years and were unknown to most a year ago, broke into the public consciousness last spring when a digital NFT artwork sold for $69.3 million. Say what? An artwork with no canvas, no physical being, just an electronic memory converted to a digital image by computer chips sold for $69.3 million. Nice job “Beeple,” aka Mike Winkelmann, the artist. You aren't going to hang that on your wall unless its via an electronic computer monitor attached to a computer.

 

Before we get to describing the relationship between NFTs and collectible paper, here is a brief explanation from someone who actually has no idea what an NFT is. First, “non-fungible.” “Fungible” means there are many like items that can replace each other. For example, a dollar bill is fungible. They are interchangeable. It doesn't matter which one you have. So, non-fungible means unique, such as an original painting, or the first handwritten manuscript of a book.

 

“Token” here means something that is “attached” to a digital copy. Like an inscription written in a book, the token is “attached” to the digital image. It stays with the image forever. Since it is non-fungible, the token is unique, one of a kind. Attach this unique token to an artwork or anything else in digital form, it now becomes unique, the only one with this token. Therefore, if your digital copy of an artwork has this first token “attached” to it, it means you have the first. It's as if you had the painting and everyone else had prints or photographs of it. So, while others may have digital images of your artwork that look the same on their computers, you have the only one that has been established as the first, the original artwork. Naturally, that is worth a whole lot more.

 

An associated word you have probably heard, particularly with regard to digital (or crypto) currencies like bitcoin, is “blockchain.” Like me, you may have no understanding of this either. Rather than NFTs and their digital works being stored in a database, in one place, controlled by one entity, it is stored on a “blockchain.” That consists of “blocks” of sealed, unchangeable data in private computers all over the world. They are attached to each other, so to speak, to create a chain of blocks. Since these blocks are sealed and cannot be changed, no one can ever change or remove the token. It is like that inscription in the writer's unique handwriting. It guarantees authenticity. Your ownership becomes guaranteed in the blockchain (though you can sell it to another who registers their ownership, sort of like a chain of property ownership documents at the county courthouse). This is how your ownership of cryptocurrencies like bitcoin is guaranteed until you transfer it to another.

 

Now you may still be wondering what all this has to do with collectible books and paper. If artwork can be converted to NFTs, why not other forms of paper? We are already seeing it with baseball and other sports trading cards. Tampa Bay (and formerly New England Patriot) wide receiver Rob Gronkowski sold a collection of 349 of his digital NFT trading cards for $1.2 million. Just imagine how much his long-time buddy and teammate, Tom Brady, will be able to get for his. Topps, long the maker of tradition paper baseball cards, is now offering NFT versions.

 

Jack Dorsey, the founder to Twitter, sold an NFT of his first “tweet” for $2.9 million. What is a “tweet” but a digital version of a paper memo? An NFT of an original email could replace collectible old handwritten letters. And books? How about an NFT marked original manuscript of a book? Most authors are writing digitally on computers these days rather than creating paper manuscripts. This may be the only way to get an original manuscript in the future.

 

Michael Cohen, Donald Trump's one-time attorney and fixer, has offered a one-page manuscript as an NFT. He wrote it in prison and it looks like it may have been a draft of the opening statement for his tell-all book. It begins, “The President of the United States wanted me dead, or, let me say it the way Donald Trump would: he wouldn't mind if I was dead. That was the way Trump talked. Like a mob boss...” In case you're concerned you'll be bumped off if you buy it, it is priced in etherium, an untraceable digital currency like bitcoin. The price is 2.17 Eth, which as of a few days ago was worth $8,500 (by now, that could be worth twice as much or half as much the way those values fluctuate).

 

So long as there is money to be made, these things will be created. While no one can say this will be a lasting passion rather than a fad, the prices indicate the seriousness of interest so far. Could this be the future of collecting?

 

Two of the other words that made it to Collins' top 10 were “crypto” and “Metaverse.” “Crypto” is short for cryptocurrency, the digital currency. “Metaverse” is that land combining reality and fantasy, a land where real people can live and converse in a digital world, where their avatars have virtual experiences, and what they display and trade are not their physical possessions. No, they will be digital ones, their NFTs. If you want to be a big man or woman in the Metaverse, you will need to have important and valuable NFTs. Just like the rich person today shows off his Picasso hanging on the wall, the rich one of tomorrow will have a Picasso NFT to show off in the Metaverse.

 

Sounds exciting? A lot of people think so. Facebook didn't change its name to “Meta” for no reason. Apple and others aren't devising AR (augmented reality) and VR (virtual reality) glasses for people who want to live only in the “real” world. Young people, so we hear, can only afford to live in tiny apartments that have no room for physical objects anyway. And Covid has taught us how to live in confined settings where our only connections to others is in the digital world. Is this sufficient? I don't know. To me, there seems to be something missing. The physical world can be experienced through five senses, sight, sound, touch, smell and taste, the digital world but two, sight and sound. Does this matter? I need a hug.


Posted On: 2022-01-04 09:26
User Name: 19531953

If enough idiots buy into a bad idea, it (lamentably) becomes a good idea!

Eric C. Caren


Posted On: 2022-01-31 02:31
User Name: bukowski

“NFT” is an acronym, isn’t it?


Rare Book Monthly

  • Jeschke Jádi
    Rare Book Auction 155
    Saturday April 26, 2025
    Jeschke Jádi, Apr. 26: Lot 962. Baird. United States Exploring Expedition. Philadelphia 1858.
    Jeschke Jádi, Apr. 26: Lot 772. Edith Holland Norton. Brazilian Flowers. Coombe Croft 1893.
    Jeschke Jádi, Apr. 26: Lot 49. Petrarca. Das Gluecksbuch, Augsburg 1536.
    Jeschke Jádi
    Rare Book Auction 155
    Saturday April 26, 2025
    Jeschke Jádi, Apr. 26: Lot 1496. Jacob / Picasso. Chronique des Temps, 1956.
    Jeschke Jádi, Apr. 26: Lot 8. Augustinus. De moribus ecclesie. Cologne 1480.
    Jeschke Jádi, Apr. 26: Lot 17. Heures a lusaige de Noyon. Paris 1504.
    Jeschke Jádi
    Rare Book Auction 155
    Saturday April 26, 2025
    Jeschke Jádi, Apr. 26: Lot 13. Schedel. Buch der Chronicken. Nürnberg 1493.
    Jeschke Jádi, Apr. 26: Lot 957. Donovan. Insects of China. London 1798.
    Jeschke Jádi, Apr. 26: Lot 123. A holy martyr. Tuscany, Florence, mid-14th century.
    Jeschke Jádi
    Rare Book Auction 155
    Saturday April 26, 2025
    Jeschke Jádi, Apr. 26: Lot 438. Dante. La Divine Comédie. Paris 1963.
    Jeschke Jádi, Apr. 26: Lot 602. Firdausi. Histoire de Minoutchehr. Paris 1919
    Jeschke Jádi, Apr. 26: Lot 994. Westwood. Oriental Entomology. London 1848.
  • University Archives
    Rare Autographs, Books & Photos; Abraham Lincoln Collection
    April 23, 2025
    University Archives, Apr. 23: Best Image of Abraham Lincoln: "Closest… to ‘seeing' Lincoln… A National Treasure" Original Hesler/Ayres Interpositive. $800,000 to $1,000,000.
    University Archives, Apr. 23: Einstein, 3pp of Unified Field Theory Equations: “I want to try to show that a truly natural choice for field equations exists.” Formalizing His Final Approach, Association to Theory of Relativity. $80,000 to $120,000.
    University Archives, Apr. 23: Marilyn Monroe's Best Personally Owned & Annotated Script for Unfinished Last Film, "Something's Got to Give" (1962). $75,000 to $100,000.
    University Archives
    Rare Autographs, Books & Photos; Abraham Lincoln Collection
    April 23, 2025
    University Archives, Apr. 23: David Ben-Gurion ALS: "The Jewish people have attained the epitome...the State of Israel is born," 1 Day After Signing Israeli Declaration of Independence, Best Ben-Gurion Ever! $80,000 to $100,000.
    University Archives, Apr. 23: Lincoln ALS to Youth: "A young man, before the enemy has learned to watch him...votes... shall redeem the county" Evocative of Famous "Work" Letter. $70,000 to $100,000.
    University Archives, Apr. 23: Lincoln Appointment for Cabinet Member With Largest, Boldest, Full Signature! Important Content: Detente with England. $10,000 to $15,000.
    University Archives
    Rare Autographs, Books & Photos; Abraham Lincoln Collection
    April 23, 2025
    University Archives, Apr. 23: Abraham Lincoln Rare Signed Check To Law Partner W.H. Herndon, Perhaps Unique as Such! $20,000 to $25,000
    University Archives, Apr. 23: Tokyo War Crimes Files of Prosecuting Attorney For POW Camp Atrocities, 500+ Pages, Unpublished Court Documents, Photos and More. $25,000 to $35,000.
    University Archives, Apr. 23: 1698 South Carolina Slavery Archive Huguenot Planters Earliest Rare Plat Maps for Plantations 41 Docs 107 pp. Most Colonial. $25,000 to $35,000.
    University Archives
    Rare Autographs, Books & Photos; Abraham Lincoln Collection
    April 23, 2025
    University Archives, Apr. 23: Adam Smith ALS While Revising “The Wealth of Nations” - A New Discovery Documenting Meeting with Influential Editor. $18,000 to $24,000.
    University Archives, Apr. 23: Margaret Mitchell Rare ALS to Her Editor as Epic Film "Gone With the Wind" Gains Heat "Forgive this scrawl. I haven't written a letter in long hand in years and I've almost forgotten how it's done." $3,000 to $4,000.
    University Archives, Apr. 23: Einstein 1935 TLS, Hopes to Warn Non-Jews of "The true nature of the Hitler regime.” $8,500 to $10,000.
  • Bonhams, Apr. 21-29: ANDERSEN'S EXTREMELY RARE FIRST APPEARANCE IN PRINT. "Scene af: Røverne i Vissenberg i Fyen." in Harpen, 1822.
    Bonhams, Apr. 21-29: FIRST ISSUE OF THE FIRST THREE FAIRY TALE PAMPHLETS, WITH ALL INDICES AND TITLE PAGES. Eventyr, fortalte for Børn. 1835-1837.
    Bonhams, Apr. 21-29: THE FIRST FAIRY TALES WITH A SIGNED CARTE DE VISITE OF ANDERSEN AS FRONTIS. Eventyr, fortalte for Børn. 1835-1837.
    Bonhams, Apr. 21-29: KARL LAGERFELD. Original pastel and ink drawing in gold, red and black for Andersen's The Emperor's New Clothes (1992), "La cassette de l'Empereur."
    Bonhams, Apr. 21-29: PRESENTATION COPY OF THE SIXTH PAMPHLET FOR PETER KOCH. Eventyr, Fortalte For Børn, Second Series, Third Pamphlet. 1841. Publisher's wrappers, complete with all pre- and post-matter.
    Bonhams, Apr. 21-29: HANS CHRISTIAN ANDERSEN RARE AUTOGRAPH QUOTATION SIGNED IN ENGLISH from "The Ugly Duckling," c.1860s.
    Bonhams, Apr. 21-29: HEINRICH LEFLER, ORIGINAL WATERCOLOR FOR ANDERSEN'S SNOW QUEEN, "Die Schneekönigin," 1910.
    Bonhams, Apr. 21-29: FIRST EDITION OF ANDERSEN'S FAIRY TALES IN ENGLISH. Wonderful Stories for Children. London, 1846.
    Bonhams, Apr. 21-29: ANDERSEN ON MEETING CHARLES DICKENS. Autograph Letter Signed ("H.C. Andersen") in English to William Jerdan, July 20, 1847.
    Bonhams, Apr. 21-29: PRESENTATION COPY FOR EDGAR COLLIN. Nye Eventyr og Historier. Anden Raekke. 1861.
    Bonhams, Apr. 21-29: DOLL HOUSE FURNITURE BY HANS CHRISTIAN ANDERSON, DECORATED WITH FANTASTICAL CUT-OUTS, for the children of Jonna Stampe (née Drewsen), his godchildren.
    Bonhams, Apr. 21-29: PRESENTATION COPY FOR GEORG BRANDES. Dryaden. Et Eventyr fra Udstillingstiden i Paris 1867. 1868.

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