Rare Book Monthly

Articles - June - 2007 Issue

Forbes Auction Completes After $40 Million in Sales

Forbes

Publisher and collector Malcolm Forbes.


By Michael Stillman

The record-setting Forbes book and manuscript auction came to a conclusion this past May 22. Auctioneer Christie's described it as setting "a record total for any collection of books or manuscripts ever sold at auction." The auction took place in six sessions, the first in March 2002, the sixth just a few days ago. In total, sales from the Forbes collection totaled almost $41 million ($40,971,640 to be exact). The collection was known as "the Forbes Collection of American Historical Documents," which describes what Malcolm Forbes collected. These were overwhelmingly manuscript items with very notable American signatures.

Malcolm Forbes made his first purchase, a note from Abraham Lincoln, while a freshman at Princeton. He paid on credit. By the time he became a major purchaser, in the 1960s, he no longer needed terms. Forbes made a personal fortune publishing the magazine which bears his name. From the 1960s through the 1980s, he was active at virtually every important historical document auction. Forbes died in 1990, and the collection devolved to his son, one-time presidential candidate Steve Forbes. The latter determined to break up the collection and sell most of the material at auction. Now, five years after it began, the auction has finally concluded.

At the top end of the auction prices was Lincoln's copy of the last speech he gave, three days before he was assassinated. It sold for just over $3 million. Einstein's letter to Franklin D. Roosevelt sold for over $2 million, a record for a letter, while Abraham Lincoln's opera glasses, carried by the President that fateful night at Ford's Theater, brought in $424,000.

The top price at the sixth and final session was $132,000, for a signed letter from George Washington to Bryan Fairfax. Fairfax was a long-time good friend of Washington, member of what had been an aristocratic family in the colonial era. The letter was dated June 15, 1783, the Revolution now over and with Washington preparing to return home from headquarters in Newburgh, New York. Notes a tired Washington, "I now, only await the arrival of the Definitive Treaty to bid adieu to public life…" Of course, it would not be so easy for Washington, as his eight years as head of the army would soon be followed by eight years as his nation's president. No, Washington did not get to "pass the remainder of my life in a state of undisturbed repose." However, the father of his nation was more on target when he cautioned the newly independent states to form an "indissoluble union."

Rare Book Monthly

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    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Schedel (Hartmann). <i>Liber Chronicarum,</i> first edition, Nuremberg, Anton Koberger for Sebald Schreyer and Sebastian Kammermeister, 1493. £30,000 to £50,000.
    <b>Forum Auctions, Jan. 28:</b> [Greek Orthodox Church].- <i>Menaion,</i> manuscript in Greek, on paper, in Greek letters, [Eastern Mediterranean], [c. 1400]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> American Revolution.- Loyalist's cow powder horn, engraved with the cypher "GR" for George III surmounted by a crown, an inscription, and on reverse an engraving of the "North River" [Hudson River], 1777. £5,000 to £7,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Illuminated prayer book.- <i>Maria Carcer y Trigueros... Santa Misa y Oraciones,</i> illuminated manuscript in Spanish, on paper, [c. 1850]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> Hardy (Thomas). <i>The Mayor of Casterbridge,</i> 2 vol., first edition in book form, original cloth, 1886. £2,000 to £3,000.
    <b>Forum Auctions, Jan. 28:</b> [Austen (Jane)]. <i>Emma: A Novel,</i> first edition, Printed for John Murray, 1816. £7,000 to £10,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Brontë (Charlotte). <i>Jane Eyre. An Autobiography,</i> 3 vol., first edition, Smith, Elder and Co., 1847. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Cruikshank (George). <i>The Road to the Derby,</i> one of two proof copies, Raphael Tuck & Sons, 1882. £600 to £800.
    <b>Forum Auctions, Jan. 28:</b> Meunier (Charles, binder).- Gruel (Leon). <i>Manuel Historique et Bibliographique de l'Amateur de Reliures,</i> 2 vol., Paris, 1887.-1905. £3,000 to £4,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Burne-Jones (Sir Edward). <i>The Work of Edward Burne-Jones,</i> edited by Philip Burne-Jones, one of 200 copies, [c.1900]. £4,000 to £6,000.
    <b>Forum Auctions, Jan. 28:</b> Nazraeli Press.- <i>Six by Six,</i> 36 vol. [a complete set], one of 100 sets, each with signed photograph, Portland, Or., 2010-16. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Australasia.- Péron (Francois) and Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £6,000 to £8,000.
  • <b>Swann Auction Galleries Feb 18:</b> Manuel Orazi, <i>La Maison Moderne,</i> 1900. $40,000 to $60,000.
    <b>Swann Auction Galleries Feb 18:</b> Maxfield Parrish, <i>The Century, Midsummer Holiday Number,</i> 1897. $2,000 to $3,000.
    <b>Swann Auction Galleries Feb 18:</b> Alphonse Mucha, <i>Medee, Sarah Bernhardt,</i> 1898. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> H.A. Volodimer, <i>Grand Prix d’Endurance de 24 Heures,</i> 1923. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> Aldo Mazza, <i>Vini d’Italia,</i> circa 1920. $7,000 to $10,000.
    <b>Swann Auction Galleries Feb 18:</b> Leonetto Cappiello, <i>l’Oie d’Or,</i> circa 1930. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> <i>James Bond Does It Everywhere in “Thunderball!”</i> designer unknown, 1965. $1,500 to $2,000.
    <b>Swann Auction Galleries Feb 18:</b> Emil Cardinaux, <i>Palace Hotel, St. Moritz,</i> 1920. $10,000 to $15,000.
    <b>Swann Auction Galleries Feb 18:</b> Joseph C. Leyendecker, <i>“Contour” Arrow Form-Fit Collars,</i> 1917. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> Sascha Maurer, <i>Ski at Lake Placid,</i> 1938. $2,500 to $3,500.
  • <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Rare 1778 Engraved map of Colonial Philadelphia after George Heap (1714-1752) and Nicholas Scull (1687-1761). $10,000 to $12,000.
    <b>Case Antiques, Jan. 30-31:</b> Author signed and inscribed <i>THE FOUNTAINHEAD,</i> stated First Edition, by Ayn Rand, published by The Bobbs-Merrill Company, Indianapolis, New York, 1943. $2,000 to $2,400.
    <b>Case Antiques, Jan. 30-31:</b> John James Audubon (American, 1785-1851) hand-colored aquatint engraving, "Yellow-billed Magpie, Stellers Jay, Ultramarine Jay and Clark's Crow," Plate Number CCCLXII. $1,800 to $2,200.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Andrew Jackson (1767-1845) autograph letter, signed, as President, to Nathan Reid detailing Jackson’s intervention on behalf of Reid's grandson. $1,800 to $2,200.
    <b>Case Antiques, Jan. 30-31:</b> Edward Steichen (Luxembourg/American, 1879-1973) portfolio of photographs, "The Early Years 1900-1927, 12 Hand-Gravure Prints" #41/1000, printed in 1981. $1,400 to $1,600.
    <b>Case Antiques, Jan. 30-31:</b> President John Fitzgerald Kennedy, TLS, one-page typed letter on The White House, Washington, D.C., stationary to John Marshall Butler. $1,400 to $1,600.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Two Pre-Civil War slave related letters, including one written by Mariah, a female domestic slave of James Vincent Musgrove (1814-1890) to her daughter. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> Two author signed and inscribed Ayn Rand related books, including one Rand signed <i>WE THE LIVING,</i> London 1940 edition. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> PLAN DE LA VILLE DE MEMPHIS (ETATS-UNIS) 40,000 HABITANTS pen and ink with watercolor hand drawn drainage system map, circa 1870. $700 to $900.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Scarce Mezzotint portrait of Thomas Pownall, Colonial Governor of the Province of Massachusetts Bay (1757-1760) and South Carolina (1760). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> VIEW OF NORFOLK FROM COSPORT, VIRGINIA, John Hill, engraver, after John Shaw (U.K., 1776-1832). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> THE BURNING OF THE MERCHANT'S EXCHANGE, NEW YORK CITY -THE GREAT FIRE OF DECEMBER, 1835. Scarce color lithograph, a 1909 reissue of the original 1836 print. $500 to $700.

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