• Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Winston Churchill. The Second World War. Set of First-Edition Volumes. 6,000 USD
    Sotheby’s, Available Now: A.A. Milne, Ernest H. Shepard. A Collection of The Pooh Books. Set of First-Editions. 18,600 USD
    Sotheby’s, Available Now: Salvador Dalí, Lewis Carroll. Alice's Adventures in Wonderland. Finely Bound and Signed Limited Edition. 15,000 USD
    Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Ian Fleming. Live and Let Die. First Edition. 9,500 USD
    Sotheby’s, Available Now: J.K. Rowling. Harry Potter Series. Finely Bound First Printing Set of Complete Series. 5,650 USD
    Sotheby’s, Available Now: Ernest Hemingway. A Farewell to Arms. First Edition, First Printing. 4,200 USD
  • Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Alken (Henry). Sporting Notions, first edition, T.McLean, 1832-33. £800 to £1,200.
    Forum Auctions, Mar. 27: Bardi (Lorenzo). Nuova Raccolta delle piu interessanti Vedute della Citta di Firenze…, Florence, Lorenzo Bardi, [c.1840]. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Crawfurd (John). Journal of an Embassy from the Governor-General of India to the Court of Ava..., first edition, 1829. £1,000 to £1,500.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Dawe (George, engraver). The Life of a Nobleman, first edition, Geo. Henderson, [c.1825]. £1,000 to £1,500.
    Forum Auctions, Mar. 27: [Doyle (John)], "H.B.". Political Sketches &c., 10 vol. including The Descriptive Key to H.B., Thomas McLean, [1829-51]. £4,000 to £6,000.
    Forum Auctions, Mar. 27: Eben (Adolphus Christian Frederick, Baron von) and Nicolaus Heideloff. Modèles de l'Uniforme Militaire Adopté dans l'Armée Royale de Suède, Rudolph Ackerman, 1808. £1,500 to £2,000.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Geissler (J.G.G.) and Friedrich Hempel. Mahlerische Darstellungen der Sitten, Gebrauche und Lustbarkeiten bey den Russischen, Tartarischen…, 4 parts in 1, Leipzig and Paris, [1804]. £1,000 to £1,500.
    Forum Auctions, Mar. 27: Hunt (Charles). Portraits of Winning Horses...of the Derby, Oaks, & St. Leger, from the Year 1842 to 1849…, Rock Brothers & Payne, 1849. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Kunike (Adolf Friedrich). Zwey hundert und sechzig Donau-Ansichten nach dem Laufe des Donaustromes…, Vienna, Leopold Grund, 1826. £3,000 to £5,000.
    Forum Auctions
    Colour Plate Books from the Library of Norman Bobins
    Part 2
    27th March 2024
    Forum Auctions, Mar. 27: Lasinio (Carlo). [Matrimony], Florence, 1790. £1,500 to £2,000.
    Forum Auctions, Mar. 27: Reinhardt (Joseph). A Collection of Swiss Costumes, in Miniature, second English edition, James Goodwin, [1828]. £800 to £1,200.
    Forum Auctions, Mar. 27: Wengen (Gottfried Durst von). Die Öffentliche Maskerade Bamberg am Fastnachts-Montage 1833…, Bamberg, [1833]. £2,000 to £3,000.
  • Koller Auctions
    Books & Autographs
    20 March 2024
    Koller, Mar. 20: DADA - Der Zeltweg. Redaktion: Flake, Serner, Tzara. Zürich, 1919. CHF 5,000 – 8,000
    Koller, Mar. 20: Jespers, Floris - Peeters, Jan. Kinderlust. Antwerpen, J. F. Bogaerts & R. R. Dodson, [1923]. CHF 2,000 – 3,000
    Koller, Mar. 20: FARBENLEHRE - Chevreul, M. E. De la Loi du contraste simultané des couleurs et de l'assortiment des objets colorés. Paris, 1839. CHF 4,000 – 5,000
    Koller, Mar. 20: BOTANIK - Schrank, Franz de Paula von. Flora Monacensis, seu plantae sponte circa Monachium nascentes. München, 1811-1818. CHF 20,000 – 30,000
    Koller, Mar. 20: French Bible manuscript. Latin manuscript on parchment. With 81 illuminated, ornamental and figurative initials. Paris, c. 1250. CHF 90,000 – 120,000
    Koller Auctions
    Books & Autographs
    20 March 2024
    Koller, Mar. 20: Gradual for the use of a Dominican convent. Latin manuscript on parchment, with Flemish rubrics in black and red. Mecheln (?), c. 1520. CHF 25,000 – 40,000
    Koller, Mar. 20: Calendar. French manuscript on parchment. With 12 large colored thorn leaf initials on a gold background. Paris, c. 1380/1390. CHF 40,000 – 60,000
    Koller, Mar. 20: Freud, Sigmund. Collection of 23 handwritten letters to Alphonse Maeder in Zurich. In addition to 4 letter drafts from Maeder to Freud. 2 February 1910 - 21 September 1913. CHF 50,000 – 80,000
    Koller, Mar. 20: Jung, Carl Gustav. Collection of 26 autograph and 3 typescript letters and a postcard to Alphonse Maeder. 1911-1918. CHF 20,000 – 30,000
    Koller, Mar. 20: Nietzsche, Friedrich, philosopher. Handwritten letter signed to Richard Wagner. Basel, September 27, 1876. CHF 20,000 to 30,000
  • 19th Century Shop
    Catalogue 198 just published
    19th Century Shop. Darwin and Wallace, first printing of the first paper on natural selection
    19th Century Shop. Shakespeare’s Poems, first collected edition
    19th Century Shop. Walt Whitman portrait inscribed with a Leaves of Grass poem
    19th Century Shop. Major Elizabeth Barrett Browning manuscript notebook
    19th Century Shop. Spock's Baby Book, original MS
    19th Century Shop. Cellarius, Harmonia Macrocosmica, the great celestial atlas

Rare Book Monthly

Articles - October - 2009 Issue

A Chill in September: Books in Hard Times

Photo by Megan Smith, Grolier Club


Given that the principal driver of higher prices over the past fifty years has been aggressive buying by institutions and that they face a triad of issues: reduced budgets, internal competition from advocates for investments in electronic presentation, and declining foot traffic - many libraries will scale back further investments in rare books while others will simply sell duplicates, narrow their focus and even in extreme cases sell their holdings. Even single institutions de-accessioning in the United States will undercut the market. While the European market has a substantial appetite for important books the dollar denominated market has been noticeably weaker.

In downturns dealers have historically toughed it out and the strategy has been effective. Good books have always been hard to replace so it has almost always been the right strategy to wait for someone willing to pay up. What seems to be different this time around are three factors:

The auction market is not confirming the value of lesser collectibles;

The market is expotentially more transparent for those with the interest and skills to look. It is increasingly possible to identify more copies and more related material thus increasing the pool of collecting possibilities and making it possible for buyers to at minimum choose and, depending on the style and personality of the collector, to negotiate.

Collections, which a generation ago, were often 'high points,' are becoming more focused on minutely detailed material that is satisfying to unearth but rarely expensive. The market for such collections has yet to be established but, because the costs are low, the net financial risks are also low. Such collections may eventually be given to institutions.

What participants took home from the all day discussion was probably confirmation of whatever ideas they brought. Librarians who brought caution probably went home cautious. Dealers who have decided to ride out the downturn received encouragement to do so. Collectors heard that life will go on. No one really said "you're not in Oz anymore."

All perspectives are to some extent correct. Libraries are facing tectonic shifts, collectors increasing possibilities, dealers serious challenges. It's a new day and the Grolier did as they have done before. They provided an opportunity for perspectives to be expressed and evaluated and as a result we all have something to think about.

Bill Reese's comments are posted on his site:

http://www.reeseco.com/papers/biht.htm

Rare Book Monthly

  • Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: [Langland (William)]. The vision of Pierce Plowman, nowe the seconde time imprinted..., Roberte Crowley, 1550. £8,000 to £10,000.
    Forum Mar. 28: [Shakespeare (William)]. [Comedies, Histories, and Tragedies], second folio edition, [by Tho.Cotes, for Robert Allot], [1632]. £30,000 to £40,000.
    Forum Mar. 28: Bible, Czech Biblia Bohemica, first complete Bible printed in the Czech vernacular, Prague, August 1488. £30,000 to £40,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Shabthai Tzvi.- Collection of four printed and illustrated broadsides detailing the appearance, rise and fall of the false messiah, Shabthai Tzvi, Augsburg, 1666-67. £40,000 to £60,000.
    Forum Mar. 28: Leaf from the Beauvais Missal, in Latin, illuminated manuscript on parchment, [Northern France (perhaps Beauvais or Amiens)], [fourteenth century (c.1310)]. £4,000 to £6,000.
    Forum Mar. 28: Aubrey (John). [Remaines of Gentilisme and Judaisme], manuscript in English, Latin and Greek, [c. 1693]. £30,000 to £50,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Byron (George Gordon Noel, Lord). Poems on Various Occasions, first edition, Harriet Maltby's copy, Newark, Printed by S. & J. Ridge, 1807. £30,000 to £40,000.
    Forum Mar. 28: Tolkien (J.R.R.) The Hobbit, first edition, second impression with dust-jacket, 1937 [but 1938]. £7,000 to £10,000.
    Forum Mar. 28: Blake (William).- Thornton (Robert John). The Pastorals of Virgil, 2 vol., engraved plates by William Blake, 1821. £8,000 to £12,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: America.- Mount (William J.) & Thomas Page. The English Pilot…, [bound with] The Fourth Book, describing The West Indies Navigation from Hudson's-Bay to the River Amazones, 1721. £20,000 to £30,000.
    Forum Mar. 28: Oldfield (Henry Ambrose), Rajman Singh Chitrakar & others. An album of 160 photographs and 13 original artworks, (1833-1919), [c. 1850s-1880s]. £20,000 to £30,000.
    Forum Mar. 28: Audubon (John James) [and William MacGillivray]. Ornithological Biography…, 5 vol., first edition, presentation copy inscribed by Audubon, Edinburgh, 1831-49 [i.e. 1831-39]. £10,000 to £15,000.

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