Rare Book Monthly

Articles - January - 2010 Issue

Collecting: A Changing Perspective

Market

Markets go up and down


By Bruce McKinney

Two thousand and nine was a difficult year. What began as a succession of acute financial problems experienced around the world has become a chronic condition that dims, by degree, our views and expectations for the next few years. For people who live and die with books it was been particularly unsettling to see committed collectors and institutions struggle with budgets. The will is strong, the capability diminished. This is not the first time this has happened but it has been long enough that we grew complacent that it could happen again. This time round the recovery will be different as increasing transparency alters not only value but preferences.

Buyers now routinely search for material on line. They haunt listing sites, auctions and eBay, often now in preference to visiting shops and shows. Not so many years ago collectors routinely visited dealers and keenly anticipated shows for the unusual opportunities they presented. Today dealer material is increasingly on line and while the material at shows remains compelling it's no longer only available at shows. Special copies and others like them are online and increasingly easy to find. This is the difference that a decade has made. In those ten years the selling, acquiring and collecting of printed material has undergone a seismic shift. A field that once thrived on obscurity becomes increasingly transparent.

All this information, not surprisingly, changes not only what and where material is offered but also what is bought and paid. Rarity is increasingly defined by appearances on the web rather than by unilateral dealer declarations sometimes quoting out-of-date sources. Rarity it turns out is a moving target easily assessed online using listing sites to determine present availability and the AED [The Americana Exchange Database] the past appearances. All this information changes more than what acquirers pay. It also changes what they buy.

Today collecting is becoming a variation on exceptionalism. Some purse the exceptionally important and rare in superb condition, others narrowly defined subjects with an intensity that has become possible only as the internet made the material visible. In between, these two forms of collecting, there continues to be the traditional range of intensity, commitment and knowledge for book collecting. But what was once a collecting range most focused at its center has become a field where the deeply committed reside at the extremes. So when dealers remark that there are fewer collectors they are referring to the declining presence of buyers in the middle because these are the collectors that dealers traditionally served: those that collect generally, often under the guidance of dealers. Collectors today however tend to collect at the edges: pursuing exceptional material or deep collections on narrow, often obscure subjects. In both cases they are independent and tending to be self-sufficient.

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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