Rare Book Monthly

Articles - February - 2007 Issue

Book Prices Inched Forward in 2006

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Once again, the fall and spring seasons proved to be the most popular for auctions. The fourth quarter (October-December) is regularly the heaviest period for auctions. 38% of all lots were brought to auction in the last quarter, 34% in the spring (April-June) quarter. November was the busiest single month, with 22% of all lots sold in that month alone. The slowest month was August, with just 2%. January was almost as slow. Interestingly, sell-through was the greatest in the first quarter, 81% vs. just 73% in the fourth quarter.

The highest prices were achieved at the Sotheby's New York branch, where the median was $9,600, the average $28,201. Most of the highest medians and averages came from the various branches of Sotheby's and Christie's, all of which had medians over $1,000. These houses, naturally, specialize in upper tier material. What may be more interesting to collectors and sellers at not so high a level is that there were seven auction houses where the median was under $100. There are auctions where those on shorter budgets may buy, and those with nice but not extraordinary material can sell.

Honors for most book lots offered by any house fell to Bloomsbury of London again this year, with just over 17,000. Also offering over 10,000 were Swann Galleries of New York and Bubb Kuyper of Haarlem, the Netherlands. Of course, Christie's, Sotheby's and Bonham's reached these numbers for all locations combined, though not for any single location. Forty-three houses offered over 1,000 books during 2006.

Now for one final statistic: total sales at auction for 2006 were $392 million. These aren't all "books." While ephemeral items such as the long lost William Blake prints which were auctioned last year form a small percentage of the quantity, they usually bring in many of the highest prices. Still, it indicates there is plenty of money yet being spent at the higher end of the book market. While as best we can tell, sales at auction in terms of quantity is only 2% or 3% of what is sold annually on Abebooks, sales in terms of dollars are almost certainly far beyond any online site.

The Americana Exchange has compiled a series of charts covering auction sales in great detail. Results are provided both by month and by individual auction house. This data is not available elsewhere, and is of great interest and importance for those seriously involved in the book trade as sellers or as collectors. It is available to all AE members, whether by paid or free membership. If you are already a member, simply log in and click "2006 Auction Results" on the side toolbar (or the link at the bottom of this page) to access these charts as well as those for previous years. If you are not a member, you can sign up for your free membership here:
Become a member. Once you receive your password, log in and click the "2006 Auction Results" link on the side toolbar or here:
2006 Auction Results.

Rare Book Monthly

  • Bonhams, Dec. 8-18: Autograph Letter Signed ("Martinus Luther") to His Friend the Theologian Gerhard Wiskamp ("Gerardo Xantho Lampadario"). $100,000 - $150,000.
    Bonhams, Dec. 8-18: An Exceptionally Fine Copy of Austenís Emma: A Novel in Three Volumes. $40,000 - $60,000.
    Bonhams, Dec. 8-18: Presentation Copy of Ernest Hemmingwayís A Farewell to Arms for Edward Titus of the Black Mankin Press. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript Signed Integrally for "The Songs of Pooh," by Alan Alexander. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript of "Three Fragments from Gˆtterd‰mmerung" by Richard Wagner. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Original Preliminary Artwork, for the First Edition of Snow Crash. $20,000 - $30,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("T.R. Malthus") to Economist Nassau Senior on Wealth, Labor and Adam Smith. $20,000 - $30,000.
    Bonhams, Dec. 8-18: History of the Peloponnesian War by Thucydides Finely Bound by Michael Wilcox. $20,000 - $30,000.
    Bonhams, Dec. 8-18: First Edition of Lewis and Clark: Travels to the Source of the Missouri River and Across the American Continent to the Pacific Ocean. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Original Artwork for the First Edition of Neal Stephenson's Groundbreaking Novel Snow Crash. $100,000 - $150,000.
    Bonhams, Dec. 8-18: A Complete Set Signed Deluxe Editions of King's The Dark Tower Series by Stephen King. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("John Adams") to James Le Ray de Chaumont During the Crucial Years of the Revolutionary War. $8,000 - $12,000.
  • Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 17: Francesco Colonna. Hypnerotomachie, Paris, 1546, Parisian calf by Wotton Binder C for Marcus Fugger. €200,000 to €300,000.
    Sotheby’s, Dec. 17: Nausea. De principiis dialectices Gorgias, and other works, Venice, 1523, morocco gilt for Cardinal Campeggio. €3,000 to €4,000.
    Sotheby’s, Dec. 17: Billon. Le fort inexpugnable de l'honneur, Paris, 1555, Parisian calf gilt for Peter Ernst, Graf von Mansfeld. €120,000 to €180,000.
    Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 16: Salinger, J.D. The Graham Family archive, including autographed letters, an inscribed Catcher, a rare studio photograph of the author, and more. $120,000 to $180,000.
    Sotheby’s, Dec. 16: [Austen, Jane]. A handsome first edition of Sense and Sensibility, the author's first novel. $60,000 to $80,000.
    Sotheby’s, Dec. 16: Massachusetts General Court. A powerful precursor to the Declaration of Independence: "every Act of Government … without the Consent of the People, is … Tyranny." $40,000 to $60,000.
  • Heritage Auctions
    Rare Books Signature Auction
    December 15, 2025
    Heritage, Dec. 15: John Donne. Poems, By J. D. With Elegies on the Author's Death. London: M[iles]. F[lesher]. for John Marriot, 1633.
    Heritage, Dec. 15: Edgar Rice Burroughs. Tarzan of the Apes.
    Heritage, Dec. 15: F. Scott Fitzgerald. Tender is the Night. A Romance.
    Heritage, Dec. 15: Bram Stoker. Dracula. Westminster: Archibald Constable & Co., 1897.
    Heritage, Dec. 15: Jerry Thomas. How to Mix Drinks, or the Bon-Vivant's Companion, Containing Clear and Reliable Directions for Mixing All the Beverages Used in the United States…
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