Rare Book Monthly

Articles - February - 2010 Issue

Printed Books vs. E-Readers: We're Ready to Make a Call

Kindle v books

Amazon says over 400,000 books are available on Kindle (image from Amazon website).


By Michael Stillman

There were several developments and news items concerning electronic readers appearing over the past few weeks, and while we will attempt to summarize a few of them, we don't think any one is the real story. For us, the real story is we are ready to project a winner in the battle between electronic readers and print media, and while the returns are early, we believe we see enough data to make our predictions.

Amazon announced that on Christmas Day, for the first time ever, they sold more downloadable electronic books than physical ones. This is a company that started strictly as a seller of physical books, and is today one of the largest retail operations in the world (though now selling many other types of merchandise). Of course, Christmas Day is not exactly a typical sales day (who buys anything on Christmas?). Nevertheless, there is an important milestone here, a first likely to be repeated with increasing frequency in the days ahead. Meanwhile, Amazon also announced that their Kindle electronic reader is the most "gifted" item in their history. We will assume by "gifted" they mean more people gave Kindles as gifts than any other product, rather than that it is the most intelligent or talented product they have ever offered.

Samsung, the large electronics manufacturer, announced that they will be introducing four electronic readers this year. Two are scheduled to be released in March or April, the other two in July. These devices will not only allow for reading, but other functions such as note-taking. Samsung will be offering books from Google's growing library of over one million electronic volumes.

That Samsung and others would enter this space should be of no great surprise. A few months back, Forrester Research upped its projections of sales of electronic readers for 2010 to 6 million, double its estimate for 2009. They had only just upped their 2009 projection by 50% from 2 to 3 million units when making that last prediction.

California recently passed a law mandating that any publisher selling textbooks to California universities make electronic versions available by the year 2020. Digital editions are likely to bring down the huge cost of textbooks today as well as making them much lighter and easier to carry around. While the year 2020 is still a decade away, we expect that this change will come about much sooner and in the 49 states other than California as well. We give it only another year or two before electronic textbooks become the norm rather than the exception. People entering college today are far more comfortable with electronic reading than those of us born at an earlier time. They have been reading things electronically all of their lives.

What do these and other stories about electronic readers portend for the business of printed books? In the January 4 issue of Newsweek, Amazon founder Jeff Bezos was asked if he believes the printed book will eventually go away. His response was "I do." He noted that the printed book has had an incredibly long run, over 500 years. If Gutenberg came back today, Bezos points out, he would still know exactly how to use the technology. That is an astonishing fact, as it is unlikely Alexander Graham Bell would know how to text on a cell phone, or Thomas Edison know how to operate an MP3 music player, though their inventions came 400 years later. Still, Bezos says, "no technology lasts forever," and in his opinion, this one is coming to its end.

Rare Book Monthly

  • <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Schedel (Hartmann). <i>Liber Chronicarum,</i> first edition, Nuremberg, Anton Koberger for Sebald Schreyer and Sebastian Kammermeister, 1493. £30,000 to £50,000.
    <b>Forum Auctions, Jan. 28:</b> [Greek Orthodox Church].- <i>Menaion,</i> manuscript in Greek, on paper, in Greek letters, [Eastern Mediterranean], [c. 1400]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> American Revolution.- Loyalist's cow powder horn, engraved with the cypher "GR" for George III surmounted by a crown, an inscription, and on reverse an engraving of the "North River" [Hudson River], 1777. £5,000 to £7,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Illuminated prayer book.- <i>Maria Carcer y Trigueros... Santa Misa y Oraciones,</i> illuminated manuscript in Spanish, on paper, [c. 1850]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> Hardy (Thomas). <i>The Mayor of Casterbridge,</i> 2 vol., first edition in book form, original cloth, 1886. £2,000 to £3,000.
    <b>Forum Auctions, Jan. 28:</b> [Austen (Jane)]. <i>Emma: A Novel,</i> first edition, Printed for John Murray, 1816. £7,000 to £10,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Brontë (Charlotte). <i>Jane Eyre. An Autobiography,</i> 3 vol., first edition, Smith, Elder and Co., 1847. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Cruikshank (George). <i>The Road to the Derby,</i> one of two proof copies, Raphael Tuck & Sons, 1882. £600 to £800.
    <b>Forum Auctions, Jan. 28:</b> Meunier (Charles, binder).- Gruel (Leon). <i>Manuel Historique et Bibliographique de l'Amateur de Reliures,</i> 2 vol., Paris, 1887.-1905. £3,000 to £4,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Burne-Jones (Sir Edward). <i>The Work of Edward Burne-Jones,</i> edited by Philip Burne-Jones, one of 200 copies, [c.1900]. £4,000 to £6,000.
    <b>Forum Auctions, Jan. 28:</b> Nazraeli Press.- <i>Six by Six,</i> 36 vol. [a complete set], one of 100 sets, each with signed photograph, Portland, Or., 2010-16. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Australasia.- Péron (Francois) and Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £6,000 to £8,000.
  • <b>Swann Auction Galleries Feb 18:</b> Manuel Orazi, <i>La Maison Moderne,</i> 1900. $40,000 to $60,000.
    <b>Swann Auction Galleries Feb 18:</b> Maxfield Parrish, <i>The Century, Midsummer Holiday Number,</i> 1897. $2,000 to $3,000.
    <b>Swann Auction Galleries Feb 18:</b> Alphonse Mucha, <i>Medee, Sarah Bernhardt,</i> 1898. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> H.A. Volodimer, <i>Grand Prix d’Endurance de 24 Heures,</i> 1923. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> Aldo Mazza, <i>Vini d’Italia,</i> circa 1920. $7,000 to $10,000.
    <b>Swann Auction Galleries Feb 18:</b> Leonetto Cappiello, <i>l’Oie d’Or,</i> circa 1930. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> <i>James Bond Does It Everywhere in “Thunderball!”</i> designer unknown, 1965. $1,500 to $2,000.
    <b>Swann Auction Galleries Feb 18:</b> Emil Cardinaux, <i>Palace Hotel, St. Moritz,</i> 1920. $10,000 to $15,000.
    <b>Swann Auction Galleries Feb 18:</b> Joseph C. Leyendecker, <i>“Contour” Arrow Form-Fit Collars,</i> 1917. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> Sascha Maurer, <i>Ski at Lake Placid,</i> 1938. $2,500 to $3,500.
  • <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Rare 1778 Engraved map of Colonial Philadelphia after George Heap (1714-1752) and Nicholas Scull (1687-1761). $10,000 to $12,000.
    <b>Case Antiques, Jan. 30-31:</b> Author signed and inscribed <i>THE FOUNTAINHEAD,</i> stated First Edition, by Ayn Rand, published by The Bobbs-Merrill Company, Indianapolis, New York, 1943. $2,000 to $2,400.
    <b>Case Antiques, Jan. 30-31:</b> John James Audubon (American, 1785-1851) hand-colored aquatint engraving, "Yellow-billed Magpie, Stellers Jay, Ultramarine Jay and Clark's Crow," Plate Number CCCLXII. $1,800 to $2,200.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Andrew Jackson (1767-1845) autograph letter, signed, as President, to Nathan Reid detailing Jackson’s intervention on behalf of Reid's grandson. $1,800 to $2,200.
    <b>Case Antiques, Jan. 30-31:</b> Edward Steichen (Luxembourg/American, 1879-1973) portfolio of photographs, "The Early Years 1900-1927, 12 Hand-Gravure Prints" #41/1000, printed in 1981. $1,400 to $1,600.
    <b>Case Antiques, Jan. 30-31:</b> President John Fitzgerald Kennedy, TLS, one-page typed letter on The White House, Washington, D.C., stationary to John Marshall Butler. $1,400 to $1,600.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Two Pre-Civil War slave related letters, including one written by Mariah, a female domestic slave of James Vincent Musgrove (1814-1890) to her daughter. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> Two author signed and inscribed Ayn Rand related books, including one Rand signed <i>WE THE LIVING,</i> London 1940 edition. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> PLAN DE LA VILLE DE MEMPHIS (ETATS-UNIS) 40,000 HABITANTS pen and ink with watercolor hand drawn drainage system map, circa 1870. $700 to $900.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Scarce Mezzotint portrait of Thomas Pownall, Colonial Governor of the Province of Massachusetts Bay (1757-1760) and South Carolina (1760). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> VIEW OF NORFOLK FROM COSPORT, VIRGINIA, John Hill, engraver, after John Shaw (U.K., 1776-1832). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> THE BURNING OF THE MERCHANT'S EXCHANGE, NEW YORK CITY -THE GREAT FIRE OF DECEMBER, 1835. Scarce color lithograph, a 1909 reissue of the original 1836 print. $500 to $700.

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