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<center><b>Christie’s<br>Charlie Watts: Literature and Jazz<br>London and online auction<br>15–29 September</b><b>Christie’s, Explore now:</b><br>F. Scott Fitzgerald (1896–1940). <i>The Great Gatsby.</i> New York: Charles Scribner's Sons, 1925. £100,000–150,000<b>Christie’s, Explore now:</b><br>Arthur Conan Doyle (1859–1930). </i>The Hound of the Baskervilles: Another Adventure of Sherlock Holmes.</b> London: George Newnes, 1902. £70,000–100,000<b>Christie’s, Explore now:</b><br>Agatha Christie (1890–1976). <i>The Thirteen Problems.</i> London: for the Crime Club Ltd. by W. Collins Sons & Co. Ltd., 1932. £40,000–60,000<b>Christie’s, Explore now:</b><br>Dashiell Hammett (1894–1961). <i>The Maltese Falcon.</i> New York: Alfred A. Knopf, 1930. £30,000–50,000
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<b><center>CONSIGN NOW</b><b>Ketterer Rare Books, Preview:</b></br> H. Scherer, <i>Atlas novus exhibens orbem terraqueum,</i> 1702-10.<br>Est: € 15,000<b>Ketterer Rare Books, Preview:</b></br> L. de Varthema, <i>Die Ritterlich und lobwirdig rayß,</i> 1515.<br>Est: € 60,000<b>Ketterer Rare Books, Preview:</b></br> G. Heym, <i>Umbra vitae,</i> 1924.<br>Est: € 8,000<b>Ketterer Rare Books, Preview:</b></br>F. de Wit, <i>Orbis maritimus ofte Zee Atlas,</i> around 1680.<br>Est: € 15,000
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<center><b>Gonnelli: Auction 46 Books<br>Autographs & Manuscripts<br>Oct 3rd-5th 2023</b><b>Gonnelli:</b> Tilson - Zanotto, Il vero tema. 2011. Starting price 150 €<b>Gonnelli:</b> Munari, Storia di un filo. Starting price 400 €<b>Gonnelli:</b> Debord, Contre le cinéma. 1964. Starting price 150 €<b>Gonnelli:</b> Futurism books and ephemera<b>Gonnelli:</b> Travel books<b>Gonnelli:</b> Medicine books<b>Gonnelli:</b> Levaillant, Histoire naturelle des perroquets. 1801-1805. Starting price 52.000 €<b>Gonnelli:</b> Carrera, Il gioco de gli scacchi. 1617. Starting price 3200 €<b>Gonnelli:</b> Vergilius, Opera. 1515. Starting price 800 €
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<b><center>Forum Auctions<br>Colour Plate Books from the Library of Norman Bobins<br>26th September 2023</b><b>Forum, Sep. 26:</b> Alken (Henry), Thomas Egerton et al. <i>The Melange of Humour,</i> first collected edition, Printed by W. Lewis, [c.1835]. £2,000 to £3,000.<b>Forum, Sep. 26:</b> [Cheny (John) and Thomas Butler, publishers]. <i>[Horses & Their Pedigrees],</i> Cheny & Butler, 1740-1746 or 1751-1753. £4,000 to £6,000.<b>Forum, Sep. 26:</b> Dikenman (R.) Voyage en Suisse, Zurich, [c.1830]. £2,000 to £3,000.<b><center>Forum Auctions<br>Colour Plate Books from the Library of Norman Bobins<br>26th September 2023</b><b>Forum, Sep. 26:</b> Eckert (H.A.) Monten (Dietrich) and F. Schlever. <i>Das K.K. Russische Militair aus dem grossen Werke Saemmtliche Truppen von Europa,</i> first edition, Wuerzburg, 1840 [but c.1842]. £4,000 to £6,000.<b>Forum, Sep. 26:</b> Havell, Junior (Robert). <I>Costa Scena, or a Cruise along the Southern Coast of Kent,</I> hand-coloured aquatint panorama with original boxwood drum, 1823. £3,000 to £4,000.<b>Forum, Sep. 26:</b> Heideloff (Victor). <i>Ansichten des Herzoglich Württembergischen Landsitzes Hohenheim,</i> first edition in original 6 parts, Nuremberg, 1795-1800. £4,000 to £6,000.<b><center>Forum Auctions<br>Colour Plate Books from the Library of Norman Bobins<br>26th September 2023</b><b>Forum, Sep. 26:</b> Jones (Owen) and Jules Goury. <i>Views on the Nile: from Cairo to the Second Cataract,</i> first edition, Graves and Warmsley, 1843. £3,000 to £4,000.<b>Forum, Sep. 26:</b> Meyer (Johann Heinrich). <i>Der Rigiberg in Zeichnungen nach der Natur,</i> Zurich, Fuessli, 1807. £3,000 to £4,000.<b>Forum, Sep. 26:</b> Nichol (Andrew). <i>Five Views of the Dublin and Kingstown Railway,</i> first edition, Dublin, William Frederick Wakeman, 1834. £5,000 to £7,000.<b><center>Forum Auctions<br>Colour Plate Books from the Library of Norman Bobins<br>26th September 2023</b><b>Forum, Sep. 26:</b> Schetky (J. C.) A series of four sketches, illustrative of various situations of His Majesty's Ship Pique, Portsea, Trives & Maynard, 1835. £4,000 to £6,000.<b>Forum, Sep. 26:</b> Stackelberg (Otto Magnus von). <i>Costumes et Usages des Peuples de la Grece Moderne,</i> first edition, Rome, 1825. £20,000 to £30,000.<b>Forum, Sep. 26:</b> Stucchi (Stanislao). <i>Raccolta di Scene Teatrali eseguite o disegnate dai più celebri Pittori Scenici in Milano,</i> 3 vol., Milan, 1817. £6,000 to £8,000.
Rare Book Monthly
Articles - February - 2009 Issue
Reality Returns to Bookselling
By Bruce McKinney
The median price of books, manuscripts and ephemera, measured across more than 220,000 lots sold at auction in 2008, fell 21% from 2007. The decline, which mostly occurred in the second half, saw the median price for the year fall to levels consistent with 2003 while masking a larger decline that, if sustained in 2009, will carry realizations back to levels last seen in 2000. Dealers and auction houses generally expect further retrenchment and auction houses are lowering estimates and reserves in response. Note: Median price is the midpoint of prices paid and differs from average price that is disproportionately affected by single high value transactions.
Reality in 2009 will now work itself out in public - mainly in the auction rooms where six-hundred fresh lots are posted each day. Should realizations continue to fall such experience will lead to lower expectations. It's a potentially slow and uneven process that may take several years as many online sellers will probably prefer to wait for recovery rather than adjust to a downturn they hope is temporary. They may wait a long time. Even when the economy was strong only a small percentage of old and rare books listed on line sold in any year. In recession, sell-through will further decline. At auction 70 to 76% of all listed items have sold over the past five years.
In what is shaping up as a tumultous year the spreads between auction realizations and online listed prices, which generally have run at a 3 to 2 ratio [$100 on a listing site, $67 at auction], may increase to 2 to 1 [$100 on a listing site versus $50 at auction]. In this scenario auction realizations decline while listing prices, at least short term, hold.
While the book business has unique problems it is also part of the real economy and the economy will be weak for an extended period. This is the eleventh sustained economic downtown [10 recessions, 1 depression] since 1900 * and looks to be neither garden-variety recession nor an absolute depression. Mike Stillman calls it a "decession" or, if you prefer, "repression" and it looks to be five years more or less. The Nobel laureate Paul Krugman, who teaches at Princeton and writes for the New York Times, has recently conveyed a sense of possible abyss. Frank Rich adds this: "While its become a Beltway cliche that America's new young president has yet to be tested, it is past time for us to realize that our own test is also about to begin." The economy is going to get tough and how much room there will be in the lifeboats for books is uncertain.
Historically, in the book business, sales rather than prices decline. In commercial fields that informally set prices based on observation of competitors' prices the variable is time and the rare book business, which is anathema to lowering prices, simply hunkers down. In this economic downturn that strategy is almost certainly not going to work because the economy, in recovery, will experience inflation that returns dollars that buy significantly less. After all binges there are then the headaches.