• <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> INCUNABULA -Fridolin, Stephan. <i>Schatzbehalter.</i> With 96 (including 5 repeated) full-page text woodcuts. Nürnberg, 1491.<br>€ 39 470 / 57 020
    <b>Koller, Jun. 15:</b> Kokoschka, Oskar. <i>Die Träumenden Knaben (The Dreaming Boys).</i> With 11 original lithographs. Vienne, 1908.<br>€ 35 090 / 52 630
    <b>Koller, Jun. 15:</b> Third Bessarion Master (active in Lombard in the third quarter of the 15th century). Leaf from a gradual, 1455-60.<br>€ 21 930 / 30 700
    <b>Koller, Jun. 15:</b> Picasso, Pablo - Delgado, José alias Pepe Illo. <i>La Tauromaquia o arte de torear.</i> With 26 original aquatints and 1 original etching by Picasso.<br>€ 21 930 / 35 090
    <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> Linschoten, Jan Huygen van. <i>Itinerario, Voyage ofte Schipvaert naer Oost ofte Portugaels Indien…</i> Amsterdam, 1595.<br>€ 17 540 / 26 320
    <b>Koller, Jun. 15:</b> CHILDREN’S BOOKS - Meggendorfer, Lothar. <i>Nah und Fern. Ein Tierbilderbuch zum Ziehen.</i> With 8 coloured, lithographed plates.<br>€ 530 / 790
    <b>Koller, Jun. 15:</b> DANSE MACABRE - Bille, Edmond. <i>Une Danse macabre.</i> With 20 coloured woodcuts. Lausanne, 1919. Large folio.<br>€ 610 / 880
    <b>Koller, Jun. 15:</b> Dexel, Walter. A collection of 7 invitation cards from the Kunstverein Jena, each typographically designed by W. Dexel. Jena, 1924-1928. Each 10.5 x 14.8 cm.<br>€ 530 / 790
  • <b>Swann Auction Galleries:</b> Abraham Lincoln, Emancipation Proclamation by the President of the United States, pamphlet, 1862. Sold May 7 for $11,875.
    <b>Swann Auction Galleries:</b> Family papers of the distinguished Ruby-Jackson family, Portland, Maine, 1853-1961. Sold May 7 for $4,000.
    <b>Swann Auction Galleries:</b> E. Simms Campbell, A Night-Club Map of Harlem, in inaugural issue of Manhattan, 1933. Sold May 7 for $27,500.
    <b>Swann Auction Galleries:</b> Papers of the comedian Nipsey Russell, including a letter from MLK, 1929-2000. Sold May 7 for $17,500.
    <b>Swann Auction Galleries:</b> Edmonia Lewis, prominent sculptor, carte-de-visite by Henry Rocher, c. 1866-71. Sold May 7 for $5,250.
    <b>Swann Auction Galleries:</b> The Black Panther: Black Community News Service, 44 issues, San Francisco, 1967-1971. Sold May 7 for $6,500.
    <b>Swann Auction Galleries:</b> Ernest Withers, I Am A Man, Sanitation Workers Strike, silver print, 1968. Sold May 7 for $5,000.
    <b>Swann Auction Galleries:</b> March For Freedom Now!, poster for a protest on the 1960 Republican Convention. Sold May 7 for $17,500.
  • <b>Gonnelli:</b> Books & Graphics 26th – 27th – 28th May 2020.
    <b>Gonnelli:</b> May 27th, Travel and exploration.
    <b>Gonnelli:</b> May 27th, Musical books, autographs & printed music.
    <b>Gonnelli:</b> May 26th, A collection of Piranesi’s etchings. € 50 to € 16000.
    <b>Gonnelli:</b> May 28th, Books from XV to XX Century.
    <b>Gonnelli:</b> May 28th, Hansel and Gretel and other stories by the brothers Grimm illustrated by Kay Nielsen. € 1000.
    <b>Gonnelli:</b> May 28th, Artists’ books from Dalì, Marini & others.

Rare Book Monthly

Articles - November - 2007 Issue

A Delayed Auction Raises Legal and Financial Issues

Mishoe

Auction was held at Bill Mishoe's Auction in Columbia (image from Mishoe's website).


South Carolina tried one more argument, which may sound something of a caution for others who find themselves in a predicament similar to Willcox. They cited state law declaring public records property of the state. However, the Court found no laws establishing letters once possessed by the Governor were in fact public records. Perhaps the decision would have been different if what Willcox possessed was clearly a public record, such as the State's copy of the Declaration of Independence. South Carolina made one last try, appealing to the U.S. Supreme Court, but that court declined to hear the appeal. This paved the way for the auction that took place on September 29 last.

So the saga had its conclusion at the end of an auctioneer's gavel, as Mr. Wilcox wished, but this proved to be only a semi-happy ending for him. Herein lies the economic issue. Willcox's original appraisal put the value of the collection at $2.4 million. That was perhaps more a retail estimate than an auction one. Still, "expert" opinion led Willcox to believe he would receive something in the area of $2 million for his documents. When the final lot was hammered down, the three Lee letters had sold for $61,000, and the total proceeds were said to be a bit short of $400,000. A fair chunk of that was needed to pay for the appraisal and lawyers. Willcox reportedly expressed disappointment, which would certainly be a rational emotion to feel. Actually, uncontrollable grief would have been more appropriate.

What happened? Well, perhaps the appraisal was a bit generous, the expectations too high. There has been no indication of serious problems with the marketplace. It is true the internet has depressed the value of some books by revealing that "rare" material is not always so rare as once believed, but these were one of a kind documents. And, their subject, the Civil War, remains a strong field.

The auction venue may not have been ideal for material of this caliber. It was held at Bill Mishoe's Auction House and Estate Services of Columbia, South Carolina. That may be in the heart of Dixie, and the original source of this material, but it is not the heart of major collectible auctions. Besides, Mishoe's specializes more in antique furniture and the like, more likely to be purchased by local collectors. If there was a substantial campaign to promote the material, we missed it. Two weeks earlier, a valuable first edition Book of Mormon was auctioned at an obscure house in Geneva, New York, but still brought in a very strong $100,000+ price. However, this was just one item, with a following of a limited number of well-heeled potential buyers. Enough of them found out. This auction included 444 Civil War items, which would appeal to a large but widely dispersed number of collectors. However, it is unlikely all that many were aware, and its location in Columbia, without a bidding website, would have significantly limited the number of potential buyers. Certainly, a collection appraised at $2.4 million, even generously appraised at $2.4 million, should go for more than $400,000. This doesn't make much sense, or cents.

Rare Book Monthly

  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [SUPREME COURT JUSTICES]. A very extensive collection of 203 letters, documents and signatures. A COMPLETE COLLECTION OF THE SUPREME COURT JUSTICES, JOHN JAY THROUGH WILLIAM REHNQUIST. $20,000 to $30,000.
    <b>Hindman Auctions, Jun. 23:</b> ZATTA, Antonio. <i>Atlante Novissimo.</i> Venice: Antonio Zatta, 1775-1785. ONE OF THE FINEST WORLD ATLASES issued in Italy in the 18th century. $15,000 to $20,000.
    <b>Hindman Auctions, Jun. 23:</b> [CHICAGO HISTORY] -- [COLUMBUS, Christopher]. Monumental historiated and embroidered panel of the MADE FOR THE 1893 COLUMBIAN EXHIBITION IN CHICAGO. $12,000 to $18,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MONASTERY HILL BINDING]. AINSWORTH, William Harrison. <i>Historical Romances.</i> Philadelphia, n.d. A fine early exhibition binding by the Monastery Hill Bindery. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> [ABSTRACT EXPRESSIONISM]. New York: Tiber Press, [1960]. 4 volumes. LIMITED EDITION, number 119 of 200 COPIES, EACH SIGNED BY THE POET AND ARTIST. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> GRATIANUS, the Canonist. <i>Decretum.</i> Venedig: Petrus de Plasiis, 25 January 1483. Second quarto edition. FIRST PAGE ILLUMINATED BY A CONTEMPORARY ARTIST. $4,000 to $6,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [ABOLITIONISTS]. <i>William Lloyd Garrison. The Story of his Life.</i> New York, 1885. ORIGINAL DOCUMENTS FROM SEVERAL NOTABLE ABOLITIONISTS neatly bound in throughout. $4,000 to $6,000.
    <b>Hindman Auctions, Jun. 23:</b> ANSON, George. <i>A Voyage round the World, In the Years 1740... 1744.</i> London: John and Paul Knapton for the author, 1748. FIRST EDITION. $3,000 to $4,000.
    <b>Hindman Auctions, Jun. 23:</b> Blank railroad ledger, "Compagnie des Chemins de fer de l'Ouest" (spine title). N.p., 1909. A MONUMENTAL 20th-CENTURY ART NOUVEAU BINDING. $1,000 to $1,500.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MINIATURE ROOM] -- [FLEMING, John (1910-1987)]. Miniature of his 57th Street Library and Gallery. JOHN F. FLEMING'S BARONIAL 57TH STREET GALLERY. $1,500 to $2,500.
    <b>Hindman Auctions, Jun. 23:</b> [SANGORSKI & SUTCLIFFE BINDING]. CHESTERTON, G.K. <i>Five Types: A Book of Essays.</i> London, 1910. LIMITED EDITION, number 3 of 30 copies on vellum SIGNED BY GEORGE SUTCLIFFE. $400 to $500.
    <b>Hindman Auctions, Jun. 23:</b> [KELMSCOTT PRESS]. <i>When Adam Delved and Eve Span....</i> [Ancoats Brotherhood, 1894-5]. LIMITED EDITION, one of 250 copies printed. $500 to $700.
  • <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Extremely rare, signature of Patrick Ferguson, famed rifle inventor and British officer. $20,000 to $40,000.
    <b>Morphy Auctions, May 27:</b> 1776 Battle of Sullivan's Island watercolor, attributed to James Peale. 11 1/2 x 17 3/16. $10,000 to $25,000.
    <b>Morphy Auctions, May 27:</b> John Hancock-signed commission of Ensign Aaron Butler, 1777. $8,000 to $16,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> A Short Narrative of the Horrid Massacre in Boston, Perpetrated in the Evening of the Fifth Day of March 1770… London, [1770]. $7,000 to $15,000.
    <b>Morphy Auctions, May 27:</b> Original manuscript of 1761 Massachusetts Bay Tax Act. $8,000 to $12,000.
    <b>Morphy Auctions, May 27:</b> Wine receipt for Washington's Council of War, May 24, 1778, leading to Monmouth Battle. $8,000 to $12,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> [Siege of Boston]. “A Muster Roll of The Company Under the Command of Captain Josiah King in Colonel David Brewer’s Regiment, to the First of August, 1775.” $5,000 to $10,000.
    <b>Morphy Auctions, May 27:</b> Congressman Brigham describes George Washington's Mount Vernon estate and its slaves. $3,000 to $6,000.
    <b>Morphy Auctions, May 27:</b> [British Army. Uniforms and Organizaton] "Gen[era]l. Disposition of The King’s Troops with the Number, Uniform and Colonel [of Each Regiment, 1763]. $3,000 to $5,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Revolutionary era paper money, continental and state (lot of 55). $2,500 to $5,500.
    <b>Morphy Auctions, May 27:</b> Rare 1782 loyalist military passport from Charleston, SC. $1,500 to $3,000.
    <b>Morphy Auctions, May 27:</b> [Stamp Act.] Rare 1765 stamp for 2 shillings and 6 pence. $1,250 to $2,500.

Article Search

Archived Articles

Ask Questions