• <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> JOYCE, James. <i>Ulysses.</i> London: John Lane the Bodley Head, 1937. PRESENTATION COPY OF THE FIRST ENGLISH EDITION PRINTED IN ENGLAND. $50,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> [SHACKLETON, Ernest]. –– BROWNING, Robert. <i>Poetical Works of…</i> London: Smith and Elder, 1906. PRESENTED TO SHACKLETON AND THE OFFICERS OF THE NIMROD BY A MEMBER OF THE ROYAL GEOGRAPHICAL SOCIETY. $40,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> AUDUBON, John James. <i>The Birds of America, from Drawings Made in the United States and Their Territories.</i> New York: George R. Lockwood, [1870]. $30,000 to $40,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> ARISTOTLE. Opera, in Greek, parts one and two only: Organon and Natural Philosophy I. Edited by Aldus and others. Venice: Aldus Manutius, 1 November 1495–February 1498. $20,000 to $30,000.
    <b>Potter & Potter, Oct. 20:</b> COOK, James, Capt. [Collected Voyages]. First and Second Voyages: London: W. Strahan; and T. Cadell, 1773, 1777; Third Voyage: London: H. Hughes for G. Nicol and T. Cadell, 1785. $14,000 to $18,000.
    <b>Potter & Potter, Oct. 20:</b> CLEMENS, Samuel Langhorne (“Mark Twain”). <i>The Writings of…</i> Hartford: American Publishing Co., 1899–1900. $12,000 to $16,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> [KELMSCOTT PRESS]. SHAKESPEARE, William. <i>The Poems of…</i> Edited by Frederick S. Ellis. Hammersmith: William Morris for the Kelmscott Press, 1893. $12,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> LONDON, Jack. <i>The Call of the Wild.</i> New York: The Macmillan Company, 1905. PRESENTATION COPY INSCRIBED BY LONDON. $10,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> CROWLEY, Aleister (1875–1947). <i>The Winged Beetle.</i> London: privately printed, 1910. $10,000 to $15,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> WILDE, Oscar (“C.3.3.”). <i>The Ballad of Reading Gaol.</i> London: Leonard Smithers, January 1898. $6,000 to $8,000.
    <b>Potter & Potter, Oct. 20:</b> DRYDEN, John. <i>Fables Ancient and Modern; translated into verse from Homer, Ovid, Boccace, & Chaucer: with original poems.</i> London: John Tonson, 1700. $4,000 to $6,000.
    <b>Potter & Potter, Oct. 20:</b> [MAP]. LINSCHOTEN, Jan Huygen van. <i>Delineatio Orarum Maritimarum…</i> London: John Wolfe, 1598. $3,000 to $4,000.
  • <center><b>One of a Kind Collectibles Auctions<br>Rare Autograph & Documents<br>September 29, 2022</b>
    <b>One of a Kind, Sep. 29:</b> John Adams Signed Ship's Passport, partly printed DS as president, signed “John Adams.”
    <b>One of a Kind, Sep. 29:</b> Extremely Rare James Garfield DS as President Appointing Revenue Service Agent.
    <b>One of a Kind, Sep. 29:</b> Babe Ruth 1939 Cooperstown cover boldly signed — with photo.
    <center><b>One of a Kind Collectibles Auctions<br>Rare Autograph & Documents<br>September 29, 2022</b>
    <b>One of a Kind, Sep. 29:</b> Incredible Harry S. Truman Kansas City Auto Club sales ledger maintained by Truman!
    <b>One of a Kind, Sep. 29:</b> Important Herbert Hoover 4 pg ALS about Chinese Gold Mining.
    <b>One of a Kind, Sep. 29:</b> Rare Calvin Coolidge ALS as President.
    <center><b>One of a Kind Collectibles Auctions<br>Rare Autograph & Documents<br>September 29, 2022</b>
    <b>One of a Kind, Sep. 29:</b> Abraham Lincoln Signed Appointment.
    <b>One of a Kind, Sep. 29:</b> Ironic John Kennedy Jr. Handwritten report on why he is accident report form when he attended Collegiate School in 1975.
    <b>One of a Kind, Sep. 29:</b> Katherine Bates Signed -“America! America! God shed his grace on thee.”
    <center><b>One of a Kind Collectibles Auctions<br>Rare Autograph & Documents<br>September 29, 2022</b>
    <b>One of a Kind, Sep. 29:</b> Apollo 11 - Neil Armstrong, Buzz Aldrin & Michael Collins.
    <b>One of a Kind, Sep. 29:</b> Amassed Over Four Decades, an impressive 1100+ piece collection of entertainment and notables.
    <b>One of a Kind, Sep. 29:</b> Mark Twain / Samuel Clemens Signed Letter and Card.
  • <b><center>Sotheby’s<br>Antiquarian Books<br>Including a series of views of Milan<br>September 27 to October 4</b></center>
    <b>Sotheby’s, Sep. 27 – Oct. 4:</b> Livius, Historia Romanae decades, Venice, Vindelinus de Spira, 1470, contemporary Morocco. €30,000 to €40,000.
    <b>Sotheby’s, Sep. 27 – Oct. 4:</b> Blaeu, Nieuw Stedeboeck van Italien (Piemont), The Hague, 1724-1725, 8 volumes, marbled calf gilt. €70,000 to €90,000.
    <b>Sotheby’s, Sep. 27 – Oct. 4:</b> Baysio, Rosarium decretorum, Venice, 1481, later vellum. €10,000 to €15,000.
    <b>Sotheby’s, Sep. 27 – Oct. 4:</b> [Niccolò da Poggibonsi], Viaggio da Venetia al santo Sepulchro, Venice, 1529, later half calf. €2,000 to €3,000.
    <b>Sotheby’s, Sep. 27 – Oct. 4:</b> Hieronymus, Epistole [Italian], Ferrara, 1497, blue crushed morocco with the Rocco di Torrepadula arms. €12,000 to €15,000.

Rare Book Monthly

Articles - August - 2022 Issue

Consolidation and the Mid-Range Auction Market

9294e268-0acd-41bc-bcb9-916a3b78379d

Spencer Stuart, collections advisor

At the end of June, Bonhams continued its ‘roll up’ strategy with the acquisition of the Paris-based auction house Cornette de Saint Cyr as forecast in “What Are They Building in There?: Bonhams in March” [https://www.rarebookhub.com/articles/3172]. The newly acquired house also has a salesroom in Brussels furthering Bonhams’ objective, funded by Espiris, to create a global network of regional auction houses focused on the ‘middle market’.

 

How does this relate to the rare book and ephemera markets? Why should collector take notice? Keeping in mind the two divergent models of auction event profitability that are further establishing themselves with in the Post-Pandemic auction industry [https://www.rarebookhub.com/articles/3153], Bonhams is making moves to consolidate the sub $1 million dollar auction market of which books, manuscripts, prints and photography make up a considerable share.

 

The week following Bonhams announcement, for the first time, a specialist formerly of a major auction house announced to a bibliophilic Listserv an upcoming sale for Catawiki were the items on offer were a fraction of what this specialist previously handled.

 

Seemingly independent events, however, these two models of development will meet in the middle market (build up vs. buy out). As outlined in “Where are we going from here?” [https://rarebookhub.com/articles/3044], venture capital funded online auction platforms have the advantage of lower operating costs and an ‘Outsider’ position which has them less beholden to conventions. This aligns with their requirement to run a full schedule of sales featuring a high number of lots in order to remain profitable. The risk in this strategy of many low value items is that it impacts the legitimacy of the platform within the Auction Industry as a whole. In order to participate in the more rare/valuable items it will require a concerted effort to establish trust and legitimacy with both consignors and bidders, hence the hiring of established specialists from brick-and-mortar houses.

 

For brick-and-mortar houses, such as Bonhams, who find themselves unable to participate in the few, high-spot auction event model, however unable to adopt the many, low estimate auction event, consolidation of the remaining middle market brick-and mortar auction houses is the most viable strategy moving forward. Based on Bonhams' infrastructure as well as organizational structure, they will not be able to compete on the digital marketing front as their cost/revenue dollar is too high. Instead, they will rely on the established base of regional auction houses and work from there to provide wrap around services for consignors and bidders alike.

 

In the case of Bonhams, and there will be more in the coming years, their acquisition of four competitors in half a year has them presenting as an entirely different organization. When acquired by Espiris in 2018, Bonhams online sales accounted for around 10% of total sales, now in 2022, it is 50%. That is a huge transformation in where revenues are coming from. Further growth can be observed in their client list, which has increased by 3 times since 2019 and in 2021 alone saw the firm’s transactions consist of 49% net new clients to Bonhams. Again, this type of transformation in the size and growth rate of a client base has the potential to be highly impactful. Especially impressive is the addition of almost 50% in net new clients to the House. Finally, in reviewing last year, intercontinental clients increased by 71% as reported by Bonhams CEO, Bruno Vinciguerra.

 

Looking in the mirror these days, Bonhams might be unrecognizable to itself. The challenge moving forward will be whether the House will be able to retain and grow these inherited clients while acquiring more and growing them as well.

 

For collectors observing these developments and trying to parse its impact on their participation in the Auction industry as a consignor or bidder, it will be Important to see what both online platforms and consolidating auction house do with the data they are accumulating. Will auction results remain open and listed through 3rd party aggregators such as Rare Book Hub, or will it become proprietary requiring the public to establish an account with the House.

 

***

 

Spencer W Stuart is a collections advisor and writer on collecting, book history and the auction industry. The above article is a continuation of his ongoing AUCTION INDUSTRY OUTLOOK series [http://spencerwstuart.ca/aio/] and is an edited version of a chapter in his forthcoming book Contemporary Issues in Rare Book and Manuscript Collecting due out Autumn 2022.

 

For more information on the publication, contact: spencerwstuart@gmail.com

 

Source:

https://news.artnet.com/market/bonhams-acquires-fourth-auction-house-this-year-2137058

 

Rare Book Monthly

  • <center><b>Swann Auction Galleries<br>Printed & Manuscript Americana<br>September 29, 2022</b>
    <b>Swann September 29:</b> Extensive archive of papers of Lincoln’s Secretary of the Navy, Gideon Welles. $60,000 to $90,000.
    <b>Swann September 29:</b> George Catlin, <i>North American Indian Portfolio,</i> 1844. $40,000 to $60,000.
    <b>Swann September 29:</b> The Twenty-Four Books of the Holy Scriptures, Carefully Translated…after the Best Jewish Authorities, Philadelphia, 1853-54. $10,000 to $15,000.
    <center><b>Swann Auction Galleries<br>Printed & Manuscript Americana<br>September 29, 2022</b>
    <b>Swann September 29:</b> Wedding book of Eleanor Roosevelt’s bodyguard, Earl Miller, signed by the Roosevelts, 1932. $6,000 to $9,000.
    <b>Swann September 29:</b> Textile titled <i>The Resignation of Pres’t Washington,</i> Scotland, circa 1800. $5,000 to $7,500.
    <b>Swann September 29:</b> Gideon Welles, Pass for President Lincoln’s White House funeral, 1865. $4,000 to $6,000.
    <b>Swann September 29:</b> Confirmation of arms and nobility in favor of the Diez y Mora family, Madrid, 1710. $2,500 to $3,500.
  • <b><center>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on paper<br>Thursday 29th September 2022</b>
    <b>Forum, Sep. 29:</b> South America.- Conquest of Peru.- Cieza De León (Pedro de). <i>Parte primera de la chronica del Peru,</i> first edition, Seville, Martín de Montesdoca, 1553. £50,000 to £70,000.
    <b>Forum, Sep. 29:</b> Asia.- Mandeville (Sir John). <i>Tractato bellissimo delle piu maravigliose cose & piu motabile che sitrovino nelle parte delmondo,</i> Florence, [Lorenzo Morgiani], 1496-99. £40,000 to £60,000.
    <b>Forum, Sep. 29:</b> Bible leaf, Latin. Single leaf from the Gutenberg Bible, [Mainz], [Johann Gutenberg & Johann Fust], [c.1454/55]. £40,000 to £60,000.
    <b><center>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on paper<br>Thursday 29th September 2022</b>
    <b>Forum, Sep. 29:</b> Publicius (Jacobus). <i>Ars oratoria. Ars epistolandi. Ars memorativa,</i> first edition, Venice, Erhard Ratdolt, 1482. £40,000 to £60,000.
    <b>Forum, Sep. 29:</b> Biblia Pauperum.- Single leaf from a blockbook Biblia Pauperum in Latin, from the Wiblingen copy of Schreiber's edition III, Netherlands, 1465. £25,000 to £35,000.
    <b>Forum, Sep. 29:</b> South America.- Brazil.- Steinmann (Johan Jacob). <i>Souvenirs de Rio de Janeiro,</i> Paris, chez Rittner & Goupil, 1837. £20,000 to £30,000.
    <b><center>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on paper<br>Thursday 29th September 2022</b>
    <b>Forum, Sep. 29:</b> Asia.- Polo (Marco). <i>In cui si tratta le meravigliose cose del mondo per lui vedute,</i> Venice, Matteo Pagano, 1555. £20,000 to £30,000.
    <b>Forum, Sep. 29:</b> Sir Joshua Reynolds' copy.- Donne (John). <i>Poems, by J.D. With elegies on the authors death,</i> the Joshua Reynolds-Philip Bliss copy of the first edition, Printed by M[iles]. F[lesher]. for Iohn Marriot, 1633. £20,000 to £30,000
    <b>Forum, Sep. 29:</b> Gilbert (William). <i>De Magnete,</i> first edition, Peter Short, 1600. £10,000 to £15,000.
    <b><center>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on paper<br>Thursday 29th September 2022</b>
    <b>Forum, Sep. 29:</b> Audubon (John James). <i>The Birds of America,</i> 8 vol., New York, George R. Lockwood, [c.1889]. £6,000 to £8,000.
    <b>Forum, Sep. 29:</b> Pratchett (Terry). <i>The Colour of Magic,</i> first edition, signed by the author, 1983. £5,000 to £7,000.
    <b>Forum, Sep. 29:</b> Flaubert (Gustave). <i>Trois Contes,</i> first edition, one of 100 copies on papier de Hollande, Paris, Charpentier, 1877. £5,000 to £7,000.

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