Rare Book Monthly

Articles - January - 2009 Issue

Timing is Everything

Ledsold

From eBay to Christies in 81 days


By Bruce McKinney

Timing is everything. In the December issue of AE Monthly we wrote the improbable but true story of a book posted in September to eBay for $2332 [BP1,299] by an English bookseller. It was then purchased by Michael Burnley of Los Angeles who sent it on to Christie's in New York who accepted, catalogued, composed, printed and distributed its description as lot 267 in its December 5th sale: Fine Printed Books and Manuscripts including Americana. The lot brought $52,500. The entire cycle of discovery, purchase, discussion, posting, acceptance, description and sale took 81 days. It was a remarkable demonstration of skill and determination all around. The story in AE Monthly was the most widely read article of 2008. In the dark days of economic uncertainty that the world now passes through, the discovery and disposition of such an important book conveyed a hopeful message.

For those who missed the December article here is the item as listed in the Christie's catalogue "LEDYARD, John (1751-1789). A Journal of Captain Cook's last voyage to the Pacific Ocean and in quest of a North-West Passage between Asia & America. Hartford, Conn.: Nathaniel Patten, 1783. Estimate $50,000 to $70,000." Copies of the book come up from time to time. Copies with the map do not. This copy had a highly acceptable copy of the map.

There were many other interesting items offered. The difficult to obtain first edition of Oviedo's 1535 history of the new world [La historia general de las Indias] brought $23,750. It lacked one leaf.

A second edition of the first dictionary printed in the New World, Alonso Molina's Vocabulario en lengua Castellana y Mexicana, Mexico [1571] was estimated at $800 to $1,200 and brought $21,250. A copy of the first [1555] was offered by H. P. Kraus in their Catalogue 185 in 1991 for $350,000. This was an exceptional value even at 20 times the estimate.

Good fortune of the wholesale variety descended upon Profiles in History of Calabasas Hills, California that had the challenge of selling the remaining contents of the Collector's Book Store in Hollywood. They created an excellent full color catalog, a collector's item in its own right. There were three thousand lots and three days to sell them. Most were estimated $200 to $300 and offered without reserve. The average lot contained more than 1,000 examples of Hollywood books, photographs and ephemera. Most lots were purchased by dealers. One high profile collector remarked, "I buy objects, not inventory." He wasn't a bidder. One high profile dealer, 48 hours after the sale, said "I bought well and now wish I bought more." Such opportunties do not come often. In the days leading up to the event a snip about the sale cycled through the CNN ticker.

All but a few lots sold. The total realized, including the buyers premium, was $4,469,690.00. That works out to about $1.30 per item.

Even in the toughest times there is money to be made.

Rare Book Monthly

  • <b><center>Sotheby’s<br> The Library of Henry Rogers<br>Broughton, 2nd Baron Fairhaven<br>Part I<br>18 May 2022</b>
    <b>Sotheby’s, May 18:</b> John James Audubon and James Bachman. <i>The Viviparous Quadrupeds of North America.</i> New York: J.J. Audubon, 1845-1848. £150,000 to £250,000.
    <b>Sotheby’s, May 18:</b> Thomas and William Daniell. <i>Oriental Scenery,</i> London, 1795-1807 [but 1841], 6 parts in 3 volumes, folio. £150,000 to £200,000.
    <b>Sotheby’s, May 18:</b> Mark Catesby. <i>The natural history of Carolina, Florida and the Bahama Islands...</i> London, 1731-1743, 2 volumes. £100,000 to £150,000.
    <b>Sotheby’s, May 18:</b> Gould and Lear. <i>A monograph of the Ramphastidae,</i> 1854; <i>Illustrations of the family of Psittacidae,</i> 1832. £60,000 to £90,000.
  • <center><b>Swann Auction Galleries<br>Graphic Design<br>May 19, 2022</b>
    <b>Swann May 19:</b> Adolphe Mouron Cassandre, <i>Triplex,</i> pencil maquette, 1930. $25,000 to $35,000.
    <b>Swann May 19:</b> Claude Fayette Brandon, <i>The Chap Book,</i> circa 1895. $3,000 to $4,000.
    <b>Swann May 19:</b> Various Artists, a complete set of <i>Das Plakat,</i> set of 10 hardcover volumes, 1912-21. $25,000 to $35,000.
    <b>Swann May 19:</b> Javier Gómez Acebo & Máximo Viejo Santamarta, <i>San Sebastian / XI Circuitto Automovilista,</i> 1935. $10,000 to $15,000.
    <b>Swann May 19:</b> Ephraim Moses Lilien, <i>Berliner Tageblatt,</i> circa 1899. $12,000 to $18,000.
  • <center><b>Ketterer Rare Books<br>Auction on May 30</b>
    <b>Ketterer Rare Books, May 30:</b> Initial A on vellum, Cologne around 1300. Est: €25,000
    <b>Ketterer Rare Books, May 30:</b> J. A. du Cerceau, <i>Les plus excellents bastiments de France,</i> 1607. Est: €12,000
    <b>Ketterer Rare Books, May 30:</b> E. Cerillo, <i>Dipinti murali di Pompei,</i> 1886. Est: €2,500
    <center><b>Ketterer Rare Books<br>Auction on May 30</b>
    <b>Ketterer Rare Books, May 30:</b> L. de Austria, <i>Compilatio de astrorum scientia,</i> 1489. Est: €9,000
    <b>Ketterer Rare Books, May 30:</b> B. Besler, <i>Hortus Eystettensis,</i> around 1750. Est: €50,000
    <b>Ketterer Rare Books, May 30:</b> <i>PAN,</i> 1895-1900. Est: €15,000
    <center><b>Ketterer Rare Books<br>Auction on May 30</b>
    <b>Ketterer Rare Books, May 30:</b> F. Colonna, <i>Hypnerotomachia Poliphili,</i> 1545. Est: €40,000
    <b>Ketterer Rare Books, May 30:</b> F. Schiller, <i>Die Räuber,</i> 1781. Est: €12,000
    <b>Ketterer Rare Books, May 30:</b> J. Albers, <i>Formulation : Articulation,</i> 1972. Est: €18,000
    <center><b>Ketterer Rare Books<br>Auction on May 30</b>
    <b>Ketterer Rare Books, May 30:</b> G. B. Ramusio, <i>Delle navigationi e viaggi,</i> 1556-1613. Est: €14,000
    <b>Ketterer Rare Books, May 30:</b> M. Wied Neuwied, <i>Reise in das Innere Nord-America,</i> 1839-41. Est: €12,000
    <b>Ketterer Rare Books, May 30:</b> E. Paolozzi, <i>Bunk,</i> 1972. Est: €25,000

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