• <center><b>Leslie Hindman Auctioneers<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> DARWIN, Charles. <i>On the Origin of Species.</i> London John Murray, 1859. FIRST EDITION. THE VERY FINE MELLON-GARDEN COPY. $120,000 to $180,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> ECKERT, J. P, H. H. GOLDSTINE, and J. G. BRAINERD. <i>Description of the ENIAC and comments on electronic digital computing machines.</i> N.p., 1945. FIRST EDITION, INSCRIBED BY GOLDSTINE. $5,000 to $7,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> EUCLID. <i>Elementa geometriae.</i> Translated from the Arabic by Adelard of Bath. Venice: Erhard Ratdolt, 25 May 1482. FIRST EDITION. $60,000 to $80,000
    <center><b>Leslie Hindman Auctioneers<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> [HAMILTON, Alexander, James MADISON and John JAY]. <i>The Federalist: A Collection of Essays…</i> New York: John and Andrew M'Lean, 1788. FIRST EDITION. $60,000 to $80,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> GALILEI, Galileo. <i>Dialogo...Dove ne i congressi di quattro giornate si discorre sopra i due massimi sistemi del mondo Tolemaico, e Copernicano.</i> Florence, 1632. FIRST EDITION. $30,000 to $40,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> JOYCE, James. <i>Ulysses.</i> Paris: Shakespeare and Company, 1922. FIRST EDITION, ONE OF 100 COPIES SIGNED BY JOYCE. $120,000 to $180,000
    <center><b>Leslie Hindman Auctioneers<br>Library of a Midwestern Collector<br>November 5, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> KEYNES, John Maynard. <i>The General Theory of Employment Interest and Money.</i> London: Macmillan, 1936. FIRST EDITION. $5,000 to $7,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> NEWTON, Isaac, Sir. <i>Philosophiae naturalis principia mathematica.</i> London: Joseph Streater for the Royal Society, 1687. FIRST EDITION. $150,000 to $250,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> ROWLING, J. K. <i>Harry Potter and the Philosopher's Stone.</i> London: Bloomsbury, 1997. FIRST EDITION, SIGNED BY ROWLING. $80,000 to $120,000
    <b>Leslie Hindman Auctioneers, Nov. 5:</b> SMITH, Adam. <i>An Inquiry into the Nature and Causes of the Wealth of Nations.</i> London: for W. Strahan and T. Cadell, 1776. FIRST EDITION. $70,000 to $90,000
  • <b>Bonhams, Oct. 23:</b> SMITH, CHRISTOPHER WEBB. 1793-1871. <i>Indian Ornithology.</i> [Patna, India]: 1828. $50,000 to $80,000.
    <b>Bonhams, Oct. 23:</b> DUPRÉ, LOUIS. 1789-1837. <i>Voyage à Athènes et à Constantinople, ou Collection de portraits, vues et costumes grecs et ottomans.</i> Paris: Dondey-Dupré, 1825. $60,000 to $90,000.
    <b>Bonhams, Oct. 23:</b> ADAMS, JOHN. Autograph Letter Signed ("J Adams"), [to Dr. Perkins?] while recovering from his small pox inoculation, [late-April, 1764]. $30,000 to $50,000.
    <b>Bonhams, Oct. 23:</b> AUSTEN, JANE. Autograph Letter Signed ("J. Austen"), to her sister Cassandra, 4 pp, "Thursday – after dinner," [September 16, 1813,] Henrietta St. $80,000 to $120,000.
    <b>Bonhams, Oct. 23:</b> AUDUBON, JOHN JAMES. 1785-1851. <i>The Birds of America, from Drawings Made in the United States and Their Territories.</i> New York & Philadelphia: J.J. Audubon & J.B. Chevalier, 1840-1844. $20,000 to $30,000.
    <b>Bonhams, Oct. 23:</b> DODWELL, EDWARD. 1767-1832. <i>Views in Greece.</i> London: Rodwell and Martin, 1821. $20,000 to $30,000.
    <b>Bonhams, Oct. 23:</b> JAMES, JESSE. Autograph Letter Signed ("Jesse W. James"), to Mr. Flood demanding Flood retract spurious accusations, 3 pp, June 5, 1875. $200,000 to $300,000.
    <b>Bonhams, Oct. 23:</b> DE CORDOBA, JACOB. <i>Map of the State of Texas.</i> New York, 1866. $15,000 to $20,000
    <b>Bonhams, Oct. 23:</b> ARNOLD, BENEDICT. Autograph bookseller's receipt for Dr. John Dickinson, Signed ("B. Arnold"), February 1767. $3,000 to $5,000.
    <b>Bonhams, Oct. 23:</b> EINSTEIN, ALBERT. 4 Typed Letters Signed ("A Einstein") to Cleveland E. Dodge offering early reports on the meetings of the Emergency Committee of Atomic Scientists. $10,000 to $15,000.
    <b>Bonhams, Oct. 23:</b> EISENHOWER, DWIGHT D. Typed Letter Signed ("Dwight D. Eisenhower") to General Henri Giraud written from a secret bunker in Gibraltar on the eve of Operation Torch, November 4 [but 6], 1942. $10,000 to $15,000.
    <b>Bonhams, Oct. 23:</b> Early Broadside Printing of the GADSDEN PURCHASE, Puebla, August 16, 1854. $2,000 to $3,000.
    <b>Bonhams, Oct. 23:</b> ALLEN, ETHAN. Autograph Letter Signed to Crevecouer during the Constitutional Debates in Congress, 2 pp, August 29, 1787. $30,000 to $50,000.
  • <center> <b>Leslie Hindman Auctioneers<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> RATZER, Bernard. <i>Plan of the City of New York in North America, surveyed in the years 1766 & 1767.</i> London: Jefferys and Faden, “Jan.y” 12, 1776. $80,000 to $120,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [KELMSCOTT PRESS]. COCKERELL, Sydney C. <i>Some German Woodcuts of the Fifteenth Century.</i> Hammersmith: The Kelmscott Press, 1897 [issued 1898]. $20,000 to $30,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [GOLDEN COCKEREL PRESS]. KEATS, John. <i>Lamia, Isabella, the Eve of Saint Agnes and Other Poems.</i> Waltham Saint Lawrence, Berkshire: The Golden Cockerel Press, 1928. $6,000 to $8,000
    <center> <b>Leslie Hindman Auctioneers<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [GRANT, Ulysses S.— GRANT, Julia, First Lady]. Carved Applewood and 18-karat Gold Jewelry Suite, Browne & Spaulding, Jewelers, New York City, 1865. $20,000 to $30,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [LINCOLN ASSASSINATION]. GARDNER, Alexander. <i>Incidents of the War |Sic Semper Sicariis</i> [caption title]. Washington, D. C.: Philip & Solomons, 1865. $5,000 to $7,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> A COMPLETE COLLECTION of 115 titles published in R. R. Donnelley's Lakeside Classics series. Chicago, 1903-2017. COMPLETE RUN OF THE LONGEST-RUNNING CONTINUOUS SERIES OF BOOKS IN THE WORLD. $5,000 to $7,000
    <center> <b>Leslie Hindman Auctioneers<br>Fine Books and Manuscripts Including Americana<br>November 6, 2019</b>
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> GLEIZES, Albert. METZINGER, Jean. <i>Du Cubisme.</i> Paris, 1947. LIMITED EDITION, number 19 of 20 copies on papier d'Auvergne. $3,000 to $4,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [THE LITTLE REVIEW]. ANDERSON, Margaret, ed. POUND, Ezra, ed. HEAP, Jane, ed. <i>The Little Review.</i> Vol. I, No. 1 through Vol. XII, No. 2. 1914-1929. $3,000 to $4,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [MOUNTENEY, Leonard, binder]. LOUŸS, Pierre. <i>Songs of Bilitis.</i> Chicago: Argus Books, 1931. $2,000 to $3,000
    <b>Leslie Hindman Auctioneers, Nov. 6:</b> [HANCOCK, John]. Partly-printed U.S. Loan-Office Transfer Certificate issued on behalf of Hancock. Sgn’d on recto by William Imlay, as Commissioner of Loans of Connecticut. 28 February 1793. $2,000 to $3,000

Rare Book Monthly

Articles - December - 2006 Issue

Save Time, Increase Profits: Take Control of Your Foreign Affairs

Euro

We might be buying from sellers who have no interest in US dollars, but want to be paid in pounds or euros.


By Renee Magriel Roberts

The Internet has not only pushed bookselling into automation, but also into hypertension-producing foreign markets. It's great having access to all those bookstores in Edinburgh, or the customers from Japan, but every single methodology commonly available to complete foreign transactions appears designed to create headaches and cost us money.

Where booksellers might have once just sold books locally, now we get orders emanating from all sorts of unusual locations -- I once received one that read "Joe Smith, Mauritius, Indian Ocean". We might be buying from sellers who have no interest in US dollars, but want to be paid in L (pounds sterling) or C (euros). If that weren't enough to create anxiety, vendors are anxious to have either checks in their home currencies, or worse still, wire transfers directly into their bank accounts.

In addition to direct sales, we frequently buy books from overseas vendors, or engage in third-party transactions, where we buy from another seller to meet the needs of one of our customers. When either customer or vendor is located overseas, the timing of these transactions can be a killer. How can you be assured that by the time you receive a check from your customer, the exchange rate offered by your bank in a wire transfer will enable you to make any kind of profit? With really thin margins on third-party transactions, you can lose money if the money market goes against you.

One can always choose to only buy and sell domestically. I can understand this decision, especially when shipping and insuring incoming and outgoing offshore transactions can significantly shave off any profits. You could just roll up the moat and make do with US sales, but that is not a formula for success in a global economy.

When the dollar dips against the pound, for example, we notice a definite upswing in our foreign sales, and conversely, when the dollar rises, it is a better time to buy stock from overseas. If you are going to engage successfully in international trade, you have to be aware of the relative values of different currencies in order to maximize your profits.

If you just use third party sites to handle sales transactions, understand that you are being charged many times for the service they provide: built into the commissions and fees you are paying are hidden fees, such as the use of your money over time and the shaving of profits off the transaction via the exchange rate. To ignore the cost of the currency exchange is to tacitly agree to a continuous tax.

Rare Book Monthly

  • <center><b>Potter & Potter Auctions:<br>Books, Manuscripts & Fine Art<br>October 18, 2019</b>
    <b>Potter & Potter Auctions, Oct. 18:</b> Ernest Hemingway. <i>The Spanish Earth.</i> First Edition. Cleveland, 1938. $1,500 to $2,500.
    <b>Potter & Potter Auctions, Oct. 18:</b> Toni Morrison. <i>The Bluest Eye.</i> First Edition. New York, 1970. $2,000 to $3,000.
    <b>Potter & Potter Auctions, Oct. 18:</b> Charles Etienne Briseux. <i>L’Art de Batir des Maisons de Campagn.</i> Paris, 1743. $6,000 to $8,000.
    <center><b>Potter & Potter Auctions:<br>Books, Manuscripts & Fine Art<br>October 18, 2019</b>
    <b>Potter & Potter Auctions, Oct. 18:</b> Sadajiro Yamanaka. <i>To-so Seikwa: Select Relics of the T’ang and the Sung Dynasties from the Collections in Europe and America</i>. Osaka, 1928. $1,000 to $1,500.
    <b>Potter & Potter Auctions, Oct. 18:</b> Charles Dickens. <i>Bleak House.</i> First Edition. 20 parts bound in 19 issues. London, 1852-3. $1,000 to $2,000.
    <b>Potter & Potter Auctions, Oct. 18:</b> Frederic Thrasher. <i>Chicago’s Gangland Prepared by Frederic M. Thrasher 1923-26.</i> Chicago, 1926. $1,000 to $2,000.
    <center><b>Potter & Potter Auctions:<br>Books, Manuscripts & Fine Art<br>October 18, 2019</b>
    <b>Potter & Potter Auctions, Oct. 18:</b> <i>Father Abraham’s Almanack, For the Year of Our Lord 1776; Fitted to the Latitude of Forty Degrees....</i> Philadelphia: Printed and sold by John Dunlap, [1775]. $2,000 to $3,000.
    <b>Potter & Potter Auctions, Oct. 18:</b> Francesco Lana Terzi. <i>Magisterium naturae, et artis. Opus physico-mathematicum.</i> Brescia, 1684/1692. $4,000 to $6,000.
    <b>Potter & Potter Auctions, Oct. 18:</b> Eglomise Silhouette Profile Portrait of George Washington on Glass. American, ca. 1790s/1800s. 15" x 13" $5,000 to $7,000.
    <center><b>Potter & Potter Auctions:<br>Books, Manuscripts & Fine Art<br>October 18, 2019</b>
    <b>Potter & Potter Auctions, Oct. 18:</b> William James. <i>The Principles of Psychology.</i> New York, 1890. Two volumes, First edition. $3,000 to $5,000.
    <b>Potter & Potter Auctions, Oct. 18:</b> Roland Clark (1874–1957). <i>Roland Clark’s Etchings.</i> New York: The Derrydale Press, 1938. $3,500 to $4,500.
    <b>Potter & Potter Auctions, Oct. 18:</b> Mexican-American War Recruiting Broadside. Akron, Ohio: ca. 1846/48. $1,000 to $2,000.
  • <b>Swann Auction Galleries Oct 24:</b> Sir Isaac Newton, <i>Opticks,</i> first edition, first issue, London, 1704. $15,000 to $25,000.
    <b>Swann Auction Galleries Oct 24:</b> Johannes Jacobus Canis, <i>De modo studendi in utroque iure,</i> first edition, Padua, 1476. $6,000 to $9,000.
    <b>Swann Auction Galleries Oct 24:</b> Pope Clemens V, <i>Constitutiones,</i> Nuremberg, 1482. $2,500 to $3,500.
    <b>Swann Auction Galleries Oct 24:</b> Nicolaus Panormitanus de Tudeschis, <i>Lectura super V libris Decretalium,</i> Basel, 1480-81. $5,000 to $7,000.
    <b>Swann Auction Galleries Oct 24:</b> Michael Faraday, <i>Experimental Researches in Electricity,</i> complete set, first editions, London, 1832-56. $3,000 to $4,000.
    <b>Swann Auction Galleries Oct 24:</b> William Gilbert, <i>Tractatus sive physiologia nova de magnete,</i> Sedini, 1628. $3,000 to $5,000.
    <b>Swann Auction Galleries Oct 24:</b> John Bulwer, <i>Philocophus,</i> first edition of the first book in English on the deaf, London, 1648. $1,000 to $2,000.
    <b>Swann Auction Galleries Oct 24:</b> James Cook, complete set, 9 volumes, London, 1773-84. $10,000 to $15,000.
    <b>Swann Auction Galleries Oct 24:</b> Nicolaus Bertrand, <i>Opus de Tholosano[rum] Gestis ab Urbe Condita,</i> with the earliest known view of the city of Toulouse, 1515. $2,000 to $3,000.

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