Rare Book Monthly

Articles - February - 2023 Issue

Auction Sales for 2022 – Steady As She Goes

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The seas were calm and steady.

If you were pleased with the results of sales in the books and paper field at auction in 2021, you should be happy with those for 2022 as well. It was almost a carbon copy. When we reported these results last year, there had been a large increase in the median price and the number of lots offered. Prices had gained by 8.8%, lots offered by 22%. This time, the price increase was under 1% while the number lots offered declined slightly, by 1.6%. Since the previous year had smashed all records for prices and lots offered, 2022 was another very good year from a historical perspective.

 

The sell through rate also declined slightly, from 82% to 81%. This, too, is a high number by historical standards.

 

When all is added up, the total sales revenue came to $1.057 billion. That was $100 million less than in 2021. That shortfall mainly came from a few very high priced items. Almost half was attributed to the single $43 million sale of a first printing of the U. S. Constitution in 2021.

 

Interestingly, median sales prices declined during the first half of 2022. By summer, they were down 3%. However, prices rallied in the fall, leading to the small increase for the year. It will be interesting to see if the rising momentum continues into 2023.

 

For the second year in a row, over 50% of lots sold for over the high estimate, repeating 2021's 51%. That was the first year over 50% since we have been tracking results. Only 15% sold under the low estimate, though 19% did not sell at all. That leaves 16% that sold within the estimated range or had none.

 

The fourth quarter is usually the busiest of the year. It was busy again in 2022, with 28.3% of the lots offered from October through December, but it was not the busiest. The second quarter exceeded it for only the second time since we have been tracking sales with 29.0% of lots offered. Next came the first quarter with 22.0% while the slowest was the third quarter with 20.7% The reason the third quarter was so slow was August, which accounted for only 4.7% of the lots offered. On the other end, May was busiest with 11.3% of lots.

 

The highest average order for houses with at least 100 lots sold in the field was Christie's London South Kensington at $41,350. Close behind was Sotheby's New York at $40,222. They were followed by Christie's New York – $33,464, Arader Galleries - $21,981, Sotheby's London - $21,230, Christie's London King Street - $20,941, Freeman's - $17,973, Bonhams Los Angeles - $15,496, Sotheby's Paris - $15,415, Sotheby's Cologne - $13,515, Christie's Paris - $10,245, Aguttes - $9,060, and Bonhams New York $8,454. At the other end, for those on a more limited budget, there were the Mennonite Life auctions at $43, EV Stamps (with numerous comic books) - $50, Purcell Auctioneers - $98, One Source Auctions $100, William H. Bunch Auctions - $101, Keys Fine Arts - $104, and Sydney Rare Book Auctions - $115. There is something for everyone's budget.

 

As for volume of lots offered, no one is even close to the number from Heritage Auctions of Dallas. They offered 211,073 lots in the field and sold 207,000 of them, 98%. Next came Catawiki with 15,982, Kiefer Buch – 15,683, RR Auction - 13,817, PBA Galleries – 12,624, Forum – 11,053, Trillium – 10,600, Vermot de Pas – 10,000, Bubb Kuyper 9,887, and Holabird Kagin Americana - $9,315.

 

At the high end, 3% of all lots sold for over $10,000, while at the low end, 18% sold for under $100.


Posted On: 2023-02-01 10:45
User Name: smalc

Christie's London South Kensington saleroom closed in July 2017, so it can't have sold any lots in 2022.It also defies belief that even when it was open, its average price achieved was ever twice the King Street average, as it was the venue for second-tier sales; King Street has always been their most prestigious London location (and is now the only one in London).


Posted On: 2023-02-02 05:49
User Name: AE244155

That is correct and an error by the software. Those numbers should be combined with King Street.


Rare Book Monthly

  • <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Johann Wolfgang von Goethe: Autograph album leaf signed, 1826. €9,000 to €12,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Franz Kafka: Autograph letter unsigned, 1924. €15,000 to €20,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Torquato Tasso: Autograph poem signed, no date. €12,000 to €16,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Charles Darwin: Autograph letter signed, 1866. €4,500 to €6,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Albert Einstein: Autograph letter signed, 1933. €6,000 to €8,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Heinrich Hertz: Autograph manuscript signed, 1889. €18,000 to €24,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Giambattista Bodoni: Autograph letter signed, 1787. €900 to €1,200.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Francisco de Goya: Autograph letter signed, 1789. €18,750 to €25,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Martin Luther: Notes from his desk, no date. €30,000 to €40,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Ludwig van Beethoven: Autograph letter signed, 1816. €22,500 to €30,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Gustav Mahler: Foto portrait signed and annotated, 1907(?). €7,500 to €10,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Bed?ich Smetana: Autograph letter signed, 1883. €4,500 to €6,000.
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Roman binding.- Pindar. <i>Olympia, Pythia, Nemea, Isthmia,</i> translated by Johannes Lonicer, contemporary Roman binding by Niccolo Franzese, Basel, 1535. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Raverat (Gwen). Comprehensive album of 530 wood engravings, circa 1909-1950. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Hemingway (Ernest). <i>Fiesta,</i> first English edition, first impression dust-jacket, 1927. £15,000 to £20,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Fleming (Ian). <i>Casino Royale,</i> first edition, first impression, 1953. £12,000 to £18,000.
    <b>Forum, Mar. 30:</b> Dickens (Charles). <i>Great Expectations,</i> 3 vol., first edition, first impression, Chapman and Hall, 1861. £10,000 to £15,000.
    <b>Forum, Mar. 30:</b> Campbell (Colen) & others. <i>Vitruvius Britannicus, or The British Architect...,</i> 5 vol., vol.1-3 later editions, vol.4 & 5 first editions, [?1731]-31-67-71. £10,000 to £15,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Geography.- Mela (Pomponius). <i>Cosmographia, sive De situ orbis,</i> Venice, Franciscus Renner de Heilbronn, 1478. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> America.- [?Espinosa y Tello (José)]. <i>Relacion del Viage hecho por las Goletas Sutil y Mexicana en el Año de 1792,</i> 2 vol. including Atlas, first edition, Madrid, 1802. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Australasia.- Péron (Francois) and Louis-Claude de Saulces de Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £8,000 to £12,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Botany.- Curtis (William). <i>The Botanical Magazine; or, Flower-Garden Displayed,</i> 83 vol. in 62, 1794-1956. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Darwin (Charles).- Lecky (W.E.H.) <i>The Rise and Influence of Rationalism in Europe,</i> 2 vol., Darwin's copy with inscription "Charles Darwin 1865", pencil marginalia and pencil notes, 1865. £7,000 to £10,000.
  • <b><center>Swann Auction Galleries<br>Printed & Manuscript African Americana:<br>March 30, 2023</b>
    <b>Swann March 30:</b> Victor H. Green, <i>The Negro Motorist Green Book,</i> New York, 1949. $10,000 to $15,000.
    <b>Swann March 30:</b> Papers of pianist-composer Lawrence Brown relating to Paul Robeson & more, various places, 1925-54. $5,000 to $7,500.
    <b>Swann March 30:</b> Freedom Summer archive of civil rights activist Karen Haberman Trusty, Atlanta & elsewhere, 1963-64. $5,000 to $7,500.
    <b>Swann March 30:</b> E. Simms Campbell, <i>A Night-Club Map of Harlem,</i> New York, 1933. $8,000 to $12,000.
    <b>Swann March 30:</b> Archive of letters from the sculptor Richmond Barthé to a close Jamaican friend, various places, 1966-85. $25,000 to $35,000.
  • <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> DADA - <i>Cabaret Voltaire.</i> A collection of artistic and literary contributions. Edited by Hugo Ball. CHF 5,000 to 8,000.
    <b>Koller, Mar. 29:</b> EXPRESSIONISM - <i>Der Sturm.</i> Weekly magazine for culture and the arts. Almost complete suite from the years 1910 to 1932. CHF 20,000 to 30,000.
    <b>Koller, Mar. 29:</b> LISBON EARTHQUAKE - <i>Augsburg collection of copper engravings of Lisbon. CHF 40,000 to 60,000.
    <b>Koller, Mar. 29:</b> Hamilton, William. <i>Campi Phlegraei. Observations on the Volcanos of the Two Sicilies as they have been communicated to the Royal Society of London.</i> Naples, 1776-1779. CHF 50,000 to 70,000.
    <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> Leonardi, Domenico Felice. <i>Le Delizie della villa di Castellazzo descritte in verso dall'abbate Domenico Felice Leonardi lucchese fra gli Arcadi Ildosio Foloetico.</i> Milan, 1743. CHF 12,000 to 18,000.
    <b>Koller, Mar. 29:</b> Zwingli, Huldrych. <i>Von erkiesen und freyhait der speisen. Von ergernusz und Verbößerung. Ob man gewalt hab die speyß zu etlichen zeyten verbieten [...]</i>. CHF 2,500 to 4,000.
    <b>Koller, Mar. 29:</b> HENDRIK VAN VULLENHOE, UMKREIS. Benedictional and other texts for Johannes von Venningen, Bishop of Basel. Latin manuscript on parchment. CHF 50,000 to 80,000.
    <b>Koller, Mar. 29:</b> Gujer, Hans Rudolf. Master typist's book by Hans Rudolf Gujer from Wermetschweil (Wermatswil). German manuscript on paper. CHF 3,000 to 5,000.

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