Rare Book Monthly

Articles - June - 2007 Issue

The Swami Speaks

Dad

Bruce McKinney


By Bruce McKinney

Change is the order of the day not only in politics but also in book selling; the reactions and responses just as emotional and visceral. For those who became booksellers to avoid the froth there is plenty of heckling to make you wonder if you chose the right profession. The pastoral expectations of a life among books, for some time, have been giving way to an emerging market along the lines of the Chicago stock yards.

For fully ten years the world of books has been shifting online. With this transfer has come awareness of the vastly larger quantities of many books and editions that "are out there." This in turn has brought a recalibration of rarity that increasingly looks not only at availability but interest.

It has created an emerging worldwide and increasingly visible inventory that is easy to see and everyday understood by more people. It has forced dealers to decide whether to price material according to what a specific individual will pay or to what the market says it is worth. Just a few years ago it was unlikely collectors were seeing the larger picture. Today many more are, the evidence of this is in the volume of material moving through eBay and traditional auctions. Buyers of all persuasions increasingly trust competitive bidding more than asking prices and so are bidding rather than outright buying.

The disconnect between the old market of prix fix and the new market of demand established prices has been possible only because collectors have been slow to grasp the emerging transparency of the market. This has left the dealer to decide how much to disclose, a difficult decision with no right answer. Sellers of course have the right to obtain the best price and so do buyers. If one side is asleep the other will prevail but these days few collectors are entirely unaware of their options. For years the dealer knew much more but the gap is quickly closing and it's increasingly common for collector knowledge to decisively trump dealer awareness.

For collectors with some awareness of the extensive market information now available this has meant acquiring access to the tools that empower bidders. Of course to acquire or access them you need to know what they are and while some dealers have embraced such tools as part of the emerging future of bookselling and collecting and share this information with their clients, others have responded in anger, disbelief and frustration. Ultimately, it is the collector who must be satisfied and they are embracing such tools.

With eBay and auction houses playing increasing roles in the exchange of books, manuscripts and ephemera the logical next step is for dealers to edge into the auction market themselves. Traditionally, this would have been verboten. Booksellers sold at retail prices they set, and a bidding process would have undermined the logic of their pricing. However, the overwhelming number of listings and increasing buyer preference for market derived prices is making this necessary. Better to adapt to a new pricing strategy than be left behind.

This is not to say we expect dealers to stop selling by traditional means. They will not and should not. What we expect to see is their offering some items through a bid and ask process. The first such offerings are likely to be their slowest-moving inventory. That said, we expect to see one or more of the bookseller organizations lead the way to organizing a booksellers' auction site. With the high commissions of other auctions, both online and traditional, plus the tendency for books to get lost among the hundreds of items they sell, a bookseller run online auction just for books appears the logical next step. If such a step is logical, then it probably will happen.

Rare Book Monthly

  • <b><center>Sotheby's<br>The Joanne Woodward & Paul Newman Collection<br>26 May - 12 June</b>
    <b>Sotheby’s, May 26 – Jun. 12:</b> "Cool Hand Luke" | Paul Newman Academy Award® Nomination Plaque. USD$2500 - $3500
    <b>Sotheby’s, May 26 – Jun. 12:</b> "Hud" | Bound presentation script incorporating photographic stills. USD$1000 - $1500
    <b>Sotheby’s, May 26 – Jun. 12:</b> "The Long, Hot Summer" | Movie Poster. USD$1000 - $1500
    <b>Sotheby’s, May 26 – Jun. 12:</b> Joseph Heller | "Catch-22," inscribed to Woodward & Newman by author. USD$500 - $800
    <b><center>Sotheby's<br>The Joanne Woodward & Paul Newman Collection<br>26 May - 12 June</b>
    <b>Sotheby’s, May 26 – Jun. 12:</b> George H. W. Bush | Typed Letter Signed, Issuing a "Pardon" to Paul Newman. USD$1500 - $2000
    <b>Sotheby’s, May 26 – Jun. 12:</b> William Jefferson Clinton | Inscribed Color Photograph. USD$1000 - $1500
    <b>Sotheby’s, May 26 – Jun. 12:</b> Ken Kesey | Typed letter to “Paulnewman,” asking for further compensation for "Sometimes a Great Notion". USD$1000 - $1500
    <b>Sotheby’s, May 26 – Jun. 12:</b> "They Might Be Giants" | Costume sketches by Edith Head. USD$1000 - $2000
  • <b><center>Dominic Winter Auctioneers<br>June 14/15<br>Printed Books, Maps, Playing Cards & Games, English Literature, Private Press & Illustrated Books</b>
    <b>Dominic Winter, June 14/15:</b> Chinese School. Album of Chinese rice paper paintings of St Helena and Napoleon, circa 1830s/1840s. £700 to £1,000.
    <b>Dominic Winter, June 14/15:</b> Speed (John).<i> The Theatre of the Empire of Great Britaine...,</i> 1676. £3,000 to £5,000.
    <b>Dominic Winter, June 14/15:</b> Laroon (Marcellus). <i>The Cryes of the City of London drawne after the Life,</i> 1st edition, 1688. £1,000 to £1,500.
    <b><center>Dominic Winter Auctioneers<br>June 14/15<br>Printed Books, Maps, Playing Cards & Games, English Literature, Private Press & Illustrated Books</b>
    <b>Dominic Winter, June 14/15:</b> Thomas Sedgley binding. <i>The Holy Bible,</i> London, 1701, large folio. £2,000 to £3,000.
    <b>Dominic Winter, June 14/15:</b> Kipling (Rudyard). The Sussex Edition of the <i>Complete Works in Prose and Verse,</i> 1937-1939. £5,000 to £8,000.
    <b>Dominic Winter, June 14/15:</b> Dodgson (Charles). <i>Alice's Adventures in Wonderland,</i> 1886, presentation copy. £500 to £800.
    <b><center>Dominic Winter Auctioneers<br>June 14/15<br>Printed Books, Maps, Playing Cards & Games, English Literature, Private Press & Illustrated Books</b>
    <b>Dominic Winter, June 14/15:</b> German tarot cards. Napoleon tarock, Leipzig: Johann Gottfried Herbert, circa 1808. £1,500 to £2,000.
    <b>Dominic Winter, June 14/15:</b> Milne (A.A.). <i>The House at Pooh Corner,</i> 1928, inscribed limited deluxe edition of 20. £15,000 to £20,000.
    <b>Dominic Winter, June 14/15:</b> Peter Pan. A unique 13.5m (44ft) long needlework nursery frieze, by Helen Stebbing M.R.S.T., 1936. £7,000 to £10,000.
    <b><center>Dominic Winter Auctioneers<br>June 14/15<br>Printed Books, Maps, Playing Cards & Games, English Literature, Private Press & Illustrated Books</b>
    <b>Dominic Winter, June 14/15:</b> Peak (Bob, 1928-1992). <i>U.S.A,</i> a mural produced for Trans World Airlines (TWA), 1971. £200 to £400.
    <b>Dominic Winter, June 14/15:</b> Austen (Jane). <i>Pride and Prejudice: a novel,</i> 3 volumes, 2nd edition, London: T. Egerton, 1813. £8,000 to £12,000.
    <b>Dominic Winter, June 14/15:</b> Hughes (Ted). Crow, 1st edition, London: Faber and Faber, 1970, signed presentation copy. £400 to £600.
  • <b><center>Swann Auction Galleries<br>Fine Books, Autographs & Illustration Art:<br>At Auction June 15, 2023</b>
    <b>Swann June 15:</b> J.R.R. Tolkien, <i>The Lord of the Rings</i> trilogy, first American editions, finely bound by The Chelsea Bindery, Boston, 1954-56. $9,000 to $12,000.
    <b>Swann June 15:</b> John Carleton Atherton, <i>Fall Bounty,</i> oil on board, cover design for The Saturday Evening Post, 1943. $10,000 to $15,000.
    <b>Swann June 15:</b> George Washington, Endorsement Signed, “G:Washington,’ as President of the Potomac Company, 1787.
    <b>Swann June 15:</b> Gustav Klimt, <i>Das Werk von Gustav Klimt,</i> complete with 50 collotype plates, one of 300 copies, Vienna, 1918. $25,000 to $35,000.
    <b>Swann June 15:</b> Pancho Villa, Autograph Letter Signed, to the governor of Chihuahua soliciting help in persuading authorities to release him from prison, Mexico City, 1912. $7,000 to $10,000.
    <b>Swann June 15:</b> Charles Monroe Schulz, <i>The Peanuts gang,</i> Complete set of 13 drawings, 1971. $8,000 to $12,000.
  • <b>Bonhams, June 22:</b> BENJAMIN FRANKLIN ON SMALLPOX. <i>Some Account of the Success of Inoculation...</i> 1759. $10,000-$15,000
    <b>Bonhams, June 22:</b> GAUTIER D'AGOTY. <i>Myologie complette en couleur et grandeur naturelle...</i> 1745-6. 20 hand-colored plates. $8000-$12000
    <b>Bonhams, June 22:</b> ILLUMINATED SCIENTIFIC MISCELLANY, manuscript on vellum, 14th century. $4000-$6000
    <b>Bonhams, June 22:</b> PREVIOUSLY UNKNOWN AUTOGRAPH MEDICAL MANUSCRIPT OF JOHN MORGAN, 1760-1. $30,000-$50,000
    <b>Bonhams, June 22:</b> RARE CIVIL WAR CHROMOLITHOGRAPHS BY WINSLOW HOMER. Life in Camp. 1864. $8000-$12000
    <b>Bonhams, June 22:</b> AMELIA EARHART'S SUBSTANTIALLY ANNOTATED COPY OF <i>THE PRACTICAL NAVIGATOR. 1927. $8000-$12,000
    <b>Bonhams, June 22:</b> DAVID BEN-GURION ON ISRAEL'S DESIRE FOR PEACE BUT NEED FOR STRENGTH. 1956. $2000-$3000
    <b>Bonhams, June 22:</b> CONTEMPORARY AUTOGRAPH MUSICAL MANUSCRIPT AND LYRICS FOR "JERUSALEM OF GOLD." $60,000-$80,000
    <b>Bonhams, June 22:</b> FIRST EDITION OF HEMINGWAY'S FIRST BOOK IN UNRESTORED JACKET. $20,000-$30,000
    <b>Bonhams, June 22:</b> TOLKIEN LETTER DESCRIBING HIS OWN HOBBITNESS AND THE CREATION OF LORD OF THE RINGS. $10,000-$15,000
    <b>Bonhams, June 22:</b> NAPOLEON LETTER SIGNED PROCLAIMING HIS ASCENSION AS EMPEROR. $40,000-$60,000
    <b>Bonhams, June 22:</b> MAN RAY. Facile. 1935. First edition, 12 photographic plates. $2000-$3000
    <b>Bonhams, June 22:</b> WIENER WERKSTÄTTE TOYS. 17 linocut plates of toys from the workshop of Jossef Hoffman. $4000-$6000
  • <center><b>Forum Auctions<br>A fourth selection of 16th and 17th Century English Books from the Fox Pointe Manor Library<br>15th June 2023</b>
    <b>Forum, June 15:</b> Hobbes (Thomas). <i>Leviathan, or The Matter, Forme & Power of a Common-Wealth,</i> first edition, first issue, 1651. £10,000 to £15,000.
    <b>Forum, June 15:</b> [Burton (Robert)] "Democritus Junior". <i>The Anatomy of Melancholy,</i> first edition, Oxford, Printed by John Lichfield and James Short, 1621. £8,000 to £12,000.
    <b>Forum, June 15:</b> Fletcher (Giles). <i>Of the Russe Common Wealth,</i> first edition, Printed by T[homas] D[awson] for Thomas Charde, 1591. £7,000 to £10,000.
    <center><b>Forum Auctions<br>A fourth selection of 16th and 17th Century English Books from the Fox Pointe Manor Library<br>15th June 2023</b>
    <b>Forum, June 15:</b> Shakespeare source book.- Fraunce (Abraham). <i>The Lawiers Logike, exemplifying the praecepts of Logike by the practise of the common Lawe,</i> first edition, 1588. £4,000 to £6,000.
    <b>Forum, June 15:</b> Fireworks.- Babington (John.) <i>Pyrotechnia or, A discourse of artificiall fire-works…,</i> 2 parts in 1 vol., first edition, Thomas Harper for Ralph Mab, 1635. £4,000 to £6,000.
    <b>Forum, June 15:</b> Gardening.- [Bonnefons (Nicolas de)]. <i>The French Gardiner instructing how to cultivate all sorts of Fruit-Trees and Herbs for the Garden, translated by John Evelyn,</i> third edition, 1675. £3,500 to £4,500.
    <center><b>Forum Auctions<br>A fourth selection of 16th and 17th Century English Books from the Fox Pointe Manor Library<br>15th June 2023</b>
    <b>Forum, June 15:</b> Witchcraft.- F. (H.) <i>A true and exact Relation Of the severall Informations, Examinations, and Confessions of the late Witches…,</i> first edition, 1645. £3,000 to £4,000.
    <b>Forum, June 15:</b> Science.- Boyle (Robert). <i>The Origine of Formes and Qualities (According to the Corpuscular Philosophy),</i> first edition, Oxford, H. Hall for Ric: Davis, 1666. £3,000 to £4,000.
    <b>Forum, June 15:</b> Massinger (Philip). <i>The Unnaturall Combat. A Tragedie,</i> first edition, Printed by E.G. for John Waterson, 1639. £2,000 to £3,000.
    <center><b>Forum Auctions<br>A fourth selection of 16th and 17th Century English Books from the Fox Pointe Manor Library<br>15th June 2023</b>
    <b>Forum, June 15:</b> Plastic Surgery.- Read (Alexander). <i>Chirurgorum Comes: or the Whole Practice of Chirurgery,</i> first edition, Printed by Edw. Jones, for Christopher Wilkinson, 1687. £2,000 to £3,000.
    <b>Forum, June 15:</b> Hall (Edward). <i>The Union of the two noble and illustre famelies of Lancaster & Yorke…,</i> [by Richard Grafton], 1550. £2,200 to £2,500.
    <b>Forum, June 15:</b> Cosmetics.- Jeamson (Thomas). <i>Artificiall Embellishments. Or Arts Best Directions How to Preserve Beauty or Procure it,</i> first edition, Oxford, Printed by William Hall, 1665. £1,000 to £1,500.

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