Rare Book Monthly

Articles - December - 2007 Issue

What we can learn about value from history

Nyhs.1944

An opportunity to compare 1944 with today


By Bruce McKinney

In the spring of 1944 the New York Historical Society consigned to Parke-Bernet 236 lots described as Rare Americana [Unstamped Duplicates]. The name, notwithstanding, not everything was rare. We know this by having recently conducted an item by item comparison of material offered in this auction to listings available on Abe. Why Abe? Their holdings are enormous and their advanced search effective for efficiently unearthing appropriate matches. On their site this is a practical study. As to whether "rare" was simply a convenient term for the auction promoters or one strongly believed is now probably beyond the reach of first person experience to say. Had they had access to Abe they no doubt would have described the sale differently. The internet today provides clarity beyond the comprehension of even the best cataloguers and bibliographers of just a few decades ago.

This particular auction came into view several months ago when we were researching the history of the Maxwell Code for an article in the November issue of AE Monthly on the Aitchison-Wessen-Dush-Emerson copy that sells at Cowans on December 6th. Lot 164 of the 1944 sale was a different copy but one of only a few to surface over the past fifty years. As a result of this research we subsequently added the complete 1944 auction to the AED along with realized prices and the names of buyers for 197 of the 236 lots. This done, it became possible to compare the entire contents of the sale to Abe's present listings and I did so recently. The opportunity to see how prices have adjusted over the past 60 years seemed worth the effort.

In the 1944 sale some of the material, as the auction title states, is no doubt rare, even very rare. The Maxwell Code, the most important item in the sale, is authentically rare and probably far more important than was then generally understood. That the buyer that day, Thomas Streeter, knew the item is not surprising. He was a scholar of the first rank, wealthy and committed. That he paid $900 or 10% of the entire sale proceeds to acquire it says both he and someone else recognized its importance for it took two bidders to make it a contest. Eight years later he went on to include it in his Americana-Beginnings catalogue, seventy-nine examples chosen, from the almost ten thousand items in his collection, to illustrate the development of America. It was the centerpiece of the 1944 sale and one of the high spots of his extraordinary collection that was gifted and sold in the late 1960s.

As for the other 235 "rare" items in the 1944 NYHS sale how about them? Their average realization was $35.99. Actually, a better way to see the sale is to treat the top ten realizations separately from the rest. They brought in from $150 to $900 and a total of $3,693. The other 226 items brought $5,545.50 or $24.54 each. This later group, it turns out, is the Abe material: rare then, Abe today.

Rare Book Monthly

  • <b>Swann Auction Galleries, May 12:</b> <i>Westvaco–Inspirations for Printers,</i> 3 volumes, 1938-61. $200 to $300.
    <b>Swann Auction Galleries, May 12:</b> Proef van Letteren, <i>Welk gegooten worden in de Nieuwe Haerlemsche Lettergietery,</i> 1768. $3,000 to $4,000.
    <b>Swann Auction Galleries, May 12:</b> Paul Klee, <i>Bauhaus Ausstellung Juli – Sept.,</i> Weimar, 1923. $4,000 to $6,000.
    <b>Swann Auction Galleries, May 12:</b> Michel Seuphor & Jozef Peeters, <i>Het Overzicht Nos.</i> 22-23-24, Antwerp, 1922. $3,000 to $4,000.
    <b>Swann Auction Galleries, May 12:</b> Wolfrum & Co., <i>Modern Graphik, Serie I…,</i> complete portfolio, 1909. $1,200 to $1,800.
    <b>Swann Auction Galleries, May 12:</b> <i>Gravure et Fonderie deC. Derriey: Specimen-Album,</i> Paris, 1862. $5,000 to $7,500.
  • <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> CURRIER and IVES, publishers -- After Frances F. Palmer. The Rocky Mountains. Emigrants Crossing the Plains, 1866. $10,000 to $15,000.
    <b>Hindman Auctions, May 12:</b> [BIBLE, in English]. <i>The New Testament of Jesus Christ, translated faithfully into English.</i> Rheims, 1582. $6,000 to $8,000.
    <b>Hindman Auctions, May 12:</b> [BIBLE, in Latin]. <i>Biblia latina.</i> Venice: Franz Renner of Hailbrun [Heilbrunn], 1483. $3,000 to $4,000.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> SHELLEY, Percy Bysshe (1792-1822). Autograph letter signed ("P. B. S."), to Charles Ollier. Florence, Italy, 15 December 1819. “MY PROMETHEUS IS THE BEST THING I EVER WROTE.” $3,000 to $4,000.
    <b>Hindman Auctions, May 12:</b> RAMSAY, David (1749-1815). <i>The History of the Revolution of South-Carolina…</i> Trenton: Isaac Collins, 1785. $3,000 to $4,000.
    <b>Hindman Auctions, May 12:</b> [BINDINGS]. MUIR, John (1838-1914). <i>The Writings of John Muir.</i> Boston and New York: Houghton Mifflin Company, 1916-1924. 10 vols. $2,000 to $3,000.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> [CHICAGO] -- <i>Park & Guide Map of Chicago.</i> Chicago: Jas. Van Vechten, 1873. $2,000 to $3,000.
    <b>Hindman Auctions, May 12:</b> CURRIER and IVES, publishers -- After Frances F. Palmer. $2,000 to $3,000.
    <b>Hindman Auctions, May 12:</b> [ALLEN PRESS]. SHAKESPEARE, William (1564-1616). <i>Romeo and Juliet.</i> Greenbrae: Allen Press, 1988. $1,000 to $1,500.
    <center><b>Hindman Auctions<br>Fine Books & Manuscripts,<br>Including Americana<br>Live and Online<br>May 12, 2021</b>
    <b>Hindman Auctions, May 12:</b> BEMELMANS, Ludwig (1898-1962). Pencil drawing on paper. 247 x 198 mm, sight, matted and framed. Showing a child shooting at a baby's balloon. $1,000 to $1,500.
    <b>Hindman Auctions, May 12:</b> [LOGAN ELM PRESS]. HARVEY, Rebecca. <i>Any Number of Things.</i> Ohio State University, 2013. Single sheet paper scroll. $800 to $1,200.
    <b>Hindman Auctions, May 12:</b> BINYON, Laurence (1869-1943). A small archive of letters and pamphlets. $200 to $300.
  • <center><b>Sotheby’s<br>Travel, Atlases, Maps<br>and Natural History<br>Online Auction<br>27 April – 13 May 2021</b>
    <b>Sotheby’s, 27 Apr. to 13 May:</b><br>Daniel Giraud Elliot. <i>A Monograph of the Phasianidae, or Family of the Pheasants,</i> 1870-1872, coloured plates. £40,000 to £60,000.
    <b>Sotheby’s, 27 Apr. to 13 May:</b><br>Georg Braun und Franz Hogenberg. <i>Civitates orbis terrarum.</i> Cologne, 1597-c.1606, 5 volumes, hand-coloured, calf. £140,000 to £200,000.
    <b>Sotheby’s, 27 Apr. to 13 May:</b> Qianren Huang. "Blue Map" of China. [Daoguang, 19th century]. £60,000 to £80,000.
    <center><b>Sotheby’s<br>Travel, Atlases, Maps<br>and Natural History<br>Online Auction<br>27 April – 13 May 2021</b>
    <b>Sotheby’s, 27 Apr. to 13 May:</b> Abraham Ortelius. <i>Theatrum orbis terrarum,</i> 1595. £40,000 to £60,000.
    <b>Sotheby’s, 27 Apr. to 13 May:</b> Maxime Du Camp. <i>Egypte, Nubie, Palestine et Syrie. Dessins Photographiques.</i> Paris, 1852. £100,000 to £150,000.
    <b>Sotheby’s, 27 Apr. to 13 May:</b><br>China, Canton School. A superb album of 141 watercolours, c.1800. £70,000 to £100,000.

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