• <center><b>Doyle<br>Rare Books, Autographs & Maps<br>October 13, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 109. Miguel de Cervantes. <i>The History of Don-Quichote. The first parte.</i> London: William Stansby for Edward Blount, 1620. $60,000 to $90,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 43. Franklin Delano Roosevelt. <i>Addresses of Franklin D. Roosevelt and Winston Churchill.</i> Washington: The White House, Christmastide, 1942. $15,000 to $25,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 113. Charles Darwin. A collection of 26 titles including <i>On the Origin of Species.</i> $10,000 to $12,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 210. Philip Guston. Important correspondence between Philip Guston and Ralph and Martha Hyams. New York, 1967-76. $20,000 to $30,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 26. John F. Kennedy and Marilyn Monroe. Signed guest book and original photos from the May 19, 1962 reception. $40,000 to $60,000.
    <center><b>Doyle<br>Rare Books, Autographs & Maps<br>October 13, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 194. J.R.R. Tolkien. <i>The Lord of the Rings Trilogy.</i> London: George Allen and Unwin, 1954-1954-1955. $12,000 to $18,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 164. Max Beerbohm. Autograph Manuscript for The Happy Hypocrite, circa 1896. $8,000 to $12,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 158. Mark Twain. <i>The Writings.</i> Hartford: American Publishing Company, 1899-1907. The Autograph Edition. $7,000 to $10,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 150. Lady Dilke. <i>French Painters of the XVIIIth Century.</i> London: George Bell, 1899. First edition. $3,000 to $5,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 200. Ludwig Bemelmans. Original sketch of Madeline, ink and gouache. $4,000 to $6,000.
  • <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> JOYCE, James. <i>Ulysses.</i> London: John Lane the Bodley Head, 1937. PRESENTATION COPY OF THE FIRST ENGLISH EDITION PRINTED IN ENGLAND. $50,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> [SHACKLETON, Ernest]. –– BROWNING, Robert. <i>Poetical Works of…</i> London: Smith and Elder, 1906. PRESENTED TO SHACKLETON AND THE OFFICERS OF THE NIMROD BY A MEMBER OF THE ROYAL GEOGRAPHICAL SOCIETY. $40,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> AUDUBON, John James. <i>The Birds of America, from Drawings Made in the United States and Their Territories.</i> New York: George R. Lockwood, [1870]. $30,000 to $40,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> ARISTOTLE. Opera, in Greek, parts one and two only: Organon and Natural Philosophy I. Edited by Aldus and others. Venice: Aldus Manutius, 1 November 1495–February 1498. $20,000 to $30,000.
    <b>Potter & Potter, Oct. 20:</b> COOK, James, Capt. [Collected Voyages]. First and Second Voyages: London: W. Strahan; and T. Cadell, 1773, 1777; Third Voyage: London: H. Hughes for G. Nicol and T. Cadell, 1785. $14,000 to $18,000.
    <b>Potter & Potter, Oct. 20:</b> CLEMENS, Samuel Langhorne (“Mark Twain”). <i>The Writings of…</i> Hartford: American Publishing Co., 1899–1900. $12,000 to $16,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> [KELMSCOTT PRESS]. SHAKESPEARE, William. <i>The Poems of…</i> Edited by Frederick S. Ellis. Hammersmith: William Morris for the Kelmscott Press, 1893. $12,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> LONDON, Jack. <i>The Call of the Wild.</i> New York: The Macmillan Company, 1905. PRESENTATION COPY INSCRIBED BY LONDON. $10,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> CROWLEY, Aleister (1875–1947). <i>The Winged Beetle.</i> London: privately printed, 1910. $10,000 to $15,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> WILDE, Oscar (“C.3.3.”). <i>The Ballad of Reading Gaol.</i> London: Leonard Smithers, January 1898. $6,000 to $8,000.
    <b>Potter & Potter, Oct. 20:</b> DRYDEN, John. <i>Fables Ancient and Modern; translated into verse from Homer, Ovid, Boccace, & Chaucer: with original poems.</i> London: John Tonson, 1700. $4,000 to $6,000.
    <b>Potter & Potter, Oct. 20:</b> [MAP]. LINSCHOTEN, Jan Huygen van. <i>Delineatio Orarum Maritimarum…</i> London: John Wolfe, 1598. $3,000 to $4,000.

Rare Book Monthly

Articles - April - 2010 Issue

The Buoys of Summer

Abaa-ny

The ABAA NY Book Fair

By Bruce McKinney

We are going to learn a great deal over the next few months about the tone and direction of the increasingly separate iconic and traditional rare book, manuscript and ephemera markets. They have been moving in diverging for some time. Great examples of rare and unique items have been selling for substantial prices while no less rare but less known and less coveted material has gone unsold or brought lower than expected prices. As the market has become increasingly transparent the many now see what the few have long known and it is changing what people buy and how much they pay. We are living through a time of significant change: the re-pricing of the market. The iconic category looks safe, pedestrian rarities risky, the in-between the subject of endless interpretation. The market is fragmenting. In New York in April over 7 days, April 8th through the 14th, are two book fairs, an exhibit and nine auctions. Many questions about the market will be answered.

The immediate cause of the weakened collectibles market is the damaged economy but increasing transparency and increasingly unified markets functioning in real also make this a generational change.

The current state of the market is evident in the monthly graphs we prepare for the auctions section of the Americana Exchange (click here). Since January 2008 median lot realizations of books, manuscripts and ephemera have fallen almost 25%, from $470 to $370 and the trend suggests continuing weakness.

Today the price of material is being recalibrated and auctions are the venue. The distinction between iconic and collectible is subjective and the stakes high for inclusion because auction realizations signal that the broader market is breaking down while the top remains healthy, even robust. Events this month will clarify where the dividing line between iconic and collectible falls. Highly collectible material should continue to do well while lesser materials continue to leak value.

The stakes are high.

Over the past three decades prices have risen at different rates according to category. Maps and manuscripts have done particularly well while books with maps or images, the uniquely bound and signed copies have emerged as a class apart from otherwise fine copies. But along the way many lesser copies were over-promoted and sold privately for prices that could be achieved only away from public scrutiny. In the auction rooms along-the-way and today even more so, such material has tended to underperform and to outright fail if estimates were geared to prices paid rather than to current valuation. In the present market such material achieves substantially less in the auction rooms not only because the market is weaker but because such material falls outside the iconic category and probably never belonged there. For such material this is the day of reckoning.

The question then becomes how dealers will handle such material going forward. It's an important question because they own more of it than anyone else. Three years ago a marginal book might have justified a $3,000 asking price. Today that same book at auction will achieve $1,000 and be cited as evidence that the market is weak. But is the market weak or are institutions and collectors simply getting smarter? For many dealers how they handle such material may well determine their relationships with collectors and institutions who are quickly learning and once burned, never forget.

If you live in the New York area or are interested to make the trip in April, over the weekend of the 9th to 11th there's the ABAA Fair and, over the entire week, April 8 to 14, a panoply of events. The Manhattan Vintage Book & Ephemera Show - The Shadow Show runs the same weekend and 9 auctions are scheduled. Swann will sell the The Otto Penzler Collection of British Espionage and Thriller Fiction on the 8th and Early Printed Books on the 12th. Bonhams offers a sale on Space History on the 13th including a vintage plane designed by Glenn Curtiss. Sotheby's offers photographs on the 13th and The James Copley Library [part 1] on the 14th. Christie's sells Photographs from the Collection of Patricia McCabe along with other material on the 14th and 15th.

Rare Book Monthly

  • <center><b>Swann Auction Galleries<br>Early Printed Books<br>October 13, 2022
    <b>Swann October 13:</b> Miguel de Cervantes, <i>The History of Don-Quichote (Quixote), The First & Second Part,</i> London, 1620. $30,000 to $40,000
    <b>Swann October 13:</b> Jacques Lagniet, <i>Recueil des Plus Illustres Proverbes, Divisés en Trois Livre,</i> first edition, Paris, 1657-63. $25,000 to $35,000.
    <b>Swann October 13:</b> William Shakespeare, <i>Comedies, Histories, and Tragedies,</i> fourth folio, London, 1685. $60,000 to $80,000.
    <b>Swann October 13:</b> Ramon Llull, <i>Liber de Ascensu et Decensu Intellectus,</i> first edition, Valencia, 1512. $5,000 to $7,000.
    <b>Swann October 13:</b> Geoffrey Chaucer, <i>The Workes of Geffray Chaucer Newlye Printed,</i> London, 1542. $30,000 to $50,000.
  • <b><center>Gonnelli Auction House<br>Books, Autographs & Manuscripts<br>11th-12th of October 2022
    <b>Gonnelli Oct. 11th:</b> Alfieri Vittorio, <i>Vita [...] scritta da esso,</i> 1968. Starting Price: €900,00.
    <b>Gonnelli Oct. 11th:</b> Collection of 25 albumin photographs depicting Italian, French and Swiss places. Late 19th century.
    <b>Gonnelli Oct. 11th:</b> Brandolini D’Adda Brandolino, Duale. <i>Poesia [...] e incisioni di Sandro Martini,</i> 1976.
    <b>Gonnelli Oct. 11th:</b> Alighieri Dante, <i>La divina commedia di Dante</i> edizione illustrata da 30 fotografie tolte da disegni di Scaramuzza, 1879. Starting Price: €500,00.
    Gonnelli Oct. 12th: Cervantes Saavedra Miguel (de), <i>El Ingenioso Hidalgo Don Quixote de la Mancha.</i> Nueva edicion corregida por la Real Academia Española, 1780. Starting price: €12.000,00.
    <b>Gonnelli Oct. 11th:</b> Collodi Carlo, <i>Le avventure di Pinocchio. Storia di un burattino,</i> 1883. Starting price: €6.000,00.
    <b>Gonnelli Oct. 11th:</b> Wilde Oscar, <i>The Picture of Dorian Gray [...]</i> with original images & notes on the text by Jim Dine, 1968. Starting price: €1.500,00
    <b>Gonnelli Oct. 11th:</b> The smallest tarot cards in the world. 21st century.
  • <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Hottot (Robert). <i>French explorer and collector.</i> An original illustrated manuscript diary by Hottot of his expedition along the Congo River to Lake Chad, 1908-1909, £700-1,000
    <b>Dominic Winter, Oct. 12:</b> Japan. Ino Tadataka (after), Kokugun Zenzu (Complete Atlas of Japan), 2 volumes, circa 1838, £500-800
    <b>Dominic Winter, Oct. 12:</b> Kha?ib al-Tibrizi (Mu?ammad b. ?Abd Allah). <i>Mishcat-ul-masabih</i> or a collection of the most authentic traditions, regarding the actions and sayings of Muhammed; 2 volumes, Calcutta, 1809-1810, £1,500-2,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Roberts (David). <i>The Holy Land, Syria, Idumea, Arabia, Egypt & Nubia,</i> 1st quarto edition, 6 volumes in 3, London: Day & Son, 1855-56, £2,000-3,000
    <b>Dominic Winter, Oct. 12:</b> Tocqueville (Alexis de). <i>De la Démocratie en Amérique,</i> volumes 1 & 2 (of 4), 1st edition, Paris: Charles Gosselin, 1835, £2,000-3,000
    <b>Dominic Winter, Oct. 12:</b> Torquemada (Juan de). <i>Primera[-tercera] parte de los veinte i un libros rituales i monarchia Indiana,</i> 3 volumes, 2nd edition, Madrid: Nicolas Rodriguez Franco, 1723, £2,000-3,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Donovan (Edward). <i>The Natural History of British Insects,</i> 16 volumes bound in 8, London: F and C Rivington, 1793-1813, £1,500-2,000
    <b>Dominic Winter, Oct. 12:</b> Fuchs (Leonhart). <i>New Kreüterbuch,</i> 1st edition in German, Basel: Michael Isingrin, 1543, £7,000-10,000
    <b>Dominic Winter, Oct. 12:</b> Spain & Portugal. Ptolemy (Claudius), <i>Secunda Europe Tabula,</i> Rome [1478 - 1509], £1,000-2,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> World. Gill (Macdonald), <i>La Carta del Atlantico,</i> George Philip & Son Ltd in collaboration with the Time and Tide Publishing Company Ltd, circa 1943, £1,500-2,000
    <b>Dominic Winter, Oct. 12:</b> Vinegar Bible [English]. <i>The Holy Bible, Containing the Old Testament and the New,</i> Oxford: John Baskett, 1717/1716, £700-1,000
    <b>Dominic Winter, Oct. 12:</b> Mill (John Stuart). <i>The Subjection of Women,</i> 1st edition, presentation copy, London: Longmans, Green, Reader, and Dyer, 1869, £700-1,000

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