THE TRIUMPH OF PAPER AMERICANA AT BOTH CHRISTIE'S and SOTHEBY'S
- by Eric Caren
Extra, Extra!! A newspaper sells for $3.360,000
Ok, so my 9th single owner auction of "How History Unfolds on Paper from The Eric C. Caren Collection" has come and gone...but that is the small news.
The big news is that Sotheby's sold 2 newspapers for 7 figures each and Christie's sold a manuscript placard for the same! When I started in the 1960's you would have been lucky to get $5,000 for all 3. Of course then I literally could not afford 5 dollars! In fact, I was interviewed in 1987 by a prominent newspaper about my feelings before The Pennsylvania Packet with the front page printing of The US Constitution was sold in the rooms. I had already been told that Bill Reese and John Jenkins had purchased that exact issue at either Sotheby's or Christie's for less than 10k. Soon thereafter, Jenkins promoted it at a then whopping price of $85,000 in his catalog! Everyone was stunned except Reese and Jenkins...It went on to break into 6 figures and now over 1 Million Dollars at Sotheby's.
Paper, once the garbage of the rare book world, is now the treasure of the field amongst dealers, collectors, and institutions.
First Christie's sold a manuscript broadside relating to the much hated Stamp Act for......
Not to be outdone, Sotheby's answered with 2 newspapers (including the one aforementioned), each of which brought 7 figures!!
I had owned Patriot John Holt's issue of The NY Journal with the back page broadside printed format Declaration of Independence, many years ago. It was described accurately as a hybrid newspaper/ broadside.
Bruce McKinney and The Rare Book Hub have broken their backs to report more Ephemera and Paper Americana sales on top of their world-class holdings of Books and Autographs price and description holdings.
Today newspapers may now be mainly digital, but the past was recorded in ink and type on PAPER!
It is a vast, growing field with bargains and high prices abounding!
After collecting it for half a century, I can truly say that I get as much pleasure from a 10 dollar item that I have never seen as I do from the gems in the field!
So, when the smoke cleared:
The defiant 1765 anti-Stamp Act broadside sold for $4,527,000.00!
The 1776 newspaper printing of The Declaration of Independence, set a record price for a newspaper at $3,360,000.00
The Pennsylvania Packet newspaper printing of The US Constitution broke one million dollars!
