• <center><b>Gonnelli Auction House<br>Books and Graphics<br>26th-29th of October 2021</b>
    <b>Gonnelli Auction 31, Oct. 28th- 29th:</b><br>Books from XV to XX Century
    <b>Gonnelli Auction 31, Oct. 28th:</b><br>Manuscripts and autographs
    <b>Gonnelli Auction 31, Oct. 28th:</b><br>Artist books
    <b>Gonnelli Auction 31, Oct. 28th:</b><br>Cars & more
    <b>Gonnelli Auction 31, Oct. 28th:</b><br>Magazines
    <b>Gonnelli Auction 31, Oct. 28th- 29th:</b><br>Books from XV to XX Century
  • <center><b>Sotheby’s<br>The Luzzatto High Holiday Mahzor:<br>A Magnificent Illuminated Ashkenazic Prayer Book<br>19 October 2021</b>
    <center><b>Sotheby’s<br>The Luzzatto High Holiday Mahzor:<br>A Magnificent Illuminated Ashkenazic Prayer Book<br>19 October 2021</b>
    <center><b>Sotheby’s<br>The Luzzatto High Holiday Mahzor:<br>A Magnificent Illuminated Ashkenazic Prayer Book<br>19 October 2021</b>
    <center><b>Sotheby’s<br>The Luzzatto High Holiday Mahzor:<br>A Magnificent Illuminated Ashkenazic Prayer Book<br>19 October 2021</b>
  • <b><center>Hindman:<br>Fine Printed Books & Manuscripts,<br>Including Americana<br>November 9-10, 2021
    <b>Hindman, Nov. 9-10:</b> HOOKE, Robert (1635-1702). <i>Micrographia: Or Some Psychological Descriptions of Minute Bodies Made by Magnifying Glasses.</i> London: for James Allestry, 1667. $12,000 to $18,000.
    <b>Hindman, Nov. 9-10:</b> [THE FEDERALIST PAPERS]. -- [HAMILTON, Alexander, James MADISON and John JAY. <i>The Federalist: A Collection of Essays, Written in Favour of the New Constitution…</i> $40,000 to $60,000.
    <b>Hindman, Nov. 9-10:</b> FUCHS, Leonhart (1501-1566). <i>Histoire des Plantes de M. Leonhart Fuschsius, avec les noms Grecs, Latins & Fraçoys.</i> Paris: Arnold Byrkman, 1549. $2,000 to $3,000.
    <b><center>Hindman:<br>Fine Printed Books & Manuscripts,<br>Including Americana<br>November 9-10, 2021
    <b>Hindman, Nov. 9-10:</b> AUDEBERT, Jean Baptiste (1759-1800). <i>Histoire naturelle des singes et des makis.</i> Paris: Desray, An XIII [1799-1800]. $10,000 to $15,000.
    <b>Hindman, Nov. 9-10:</b> [UNITED STATES CONTINENTAL CONGRESS]. <i>Journals of the Congress...</i>Volume I (Sept. 5, 1774-Jan. 1, 1776) through Volume XIII (November 1787-November 1788). $25,000 to $35,000.
    <b>Hindman, Nov. 9-10:</b> [UNITED STATES CONTINENTAL CONGRESS]. <i>The Journals of the Proceedings of Congress. Held at Philadelphia, from January to May, 1776.</i> $15,000 to $25,000.
    <b><center>Hindman:<br>Fine Printed Books & Manuscripts,<br>Including Americana<br>November 9-10, 2021
    <b>Hindman, Nov. 9-10:</b> [TEXAS]. <i>Map of Bexar County, Texas.</i> San Antonio and Austin: Samuel Maverick & John H. Traynham, 1889. $1,500 to $2,500.
    <b>Hindman, Nov. 9-10:</b> GARDNER, Alexander (1821-1882). Imperial albumen Photograph. <i>Scenes in the Indian Country</i> [Fort Laramie]. $5,000 to $7,000.
    <b>Hindman, Nov. 9-10:</b> WILLIAMS, H. Noel. <i>Madame Recamier and her Friends.</i> London and New York: Harper & Brothers, 1906. $1,000 to $1,500.
    <b><center>Hindman:<br>Fine Printed Books & Manuscripts,<br>Including Americana<br>November 9-10, 2021
    <b>Hindman, Nov. 9-10:</b> [MOSER, Barry, illustrator]. <i>The Holy Bible. Containing All the Books of the Old and New Testaments.</i> North Hatfield, MA and New York City: Pennyroyal Caxton Press, 1999. $8,000 to $12,000.
    <b>Hindman, Nov. 9-10:</b> [PRINTS]. MOSER, Barry. Alice in Her Sister’s Reverie. [1982]. 433 x 552 mm. Signed and captioned by Moser in pencil, designated artist’s proof (“ap”). $1,000 to $1,500.
    16 <b>Hindman, Nov. 9-10:</b> [MOSER, Barry, illustrator]. A group of 4 wood-engraved plates for the Pennyroyal Press edition <i>The Wonderful Wizard of Oz.</i> [West Hatfield, MA: Pennyroyal Press, 1985]. $600 to $800.
  • <b>Swann Auction Galleries Oct 28:</b> Pancho Villa, passport for a news correspondent covering the Mexican revolution, signed, 1914. $1,000 to $2,000.
    <b>Swann Auction Galleries Oct 28:</b> Nirvana’s <i>Nevermind,</i> CD insert signed & inscribed days after release by Cobain, inscribed by Novoselic, 1991. $40,000 to $60,000.
    <b>Swann Auction Galleries Oct 28:</b> Robert Indiana, <i>The Book of Love,</i> complete portfolio, artist’s proof set, 1997. $100,000 to $125,000.
    <b>Swann Auction Galleries Oct 28:</b> Marcel Vertés, Colette, <i>Chéri,</i> two volumes, deluxe edition, signed by the artist, Paris, 1929. $5,000 to $7,500.
    <b>Swann Auction Galleries Oct 28:</b> Virginia Woolf, <i>Orlando,</i> first trade edition, first impression, London, 1928. $1,200 to $1,800.
    <b>Swann Auction Galleries Oct 28:</b> Mark Twain, receipt for payment of the Mark Twain Public Library Tax, 1908. $10,000 to $15,000.
    <b>Swann Auction Galleries Oct 28:</b> Gustav Klimt, <i>Das Werk von Gustav Klimt,</i> portfolio, collotype plates, 1918. $15,000 to $20,000.

Rare Book Monthly

Articles - May - 2010 Issue

Auction Reports: Coming of Age

Ar-

More information on the auction experience

By Bruce McKinney

The weekly auction reports, introduced a year ago, have been revised. Members who have signed up for the free weekly reports will see a revised report when they receive the next issue on Sunday evening. Casual observers can see the same reports in the Upcoming Auctions section of AE by selecting Recent Weekly Auction Reports. New reports are emailed Sunday evenings at 9:00 pm PST and posted in the Upcoming Auctions section at the same time. A link to sign-up is provided at the end of this article.

The revised report, for those who look into the details of specific auctions by selecting Click Here to View Top Ten Lots by Sale Price, will find four new fields highlighted in yellow in the auction summary that provide detailed information about overall performance. Buyers logically focus on specific lots but all items offered are also part of specific events and their overall performance varies widely from house to house, from event to event. Deconstructing results provides evidence of the current market as well as clues to how each auction approaches their business. These new fields provide more information about these differences.

Under the umbrella of 'auction' - variation between houses is the norm, but houses tend to be internally consistent even as they adjust to changing circumstances - so understanding how they did provides evidence about how they'll do. In many cases the past is proscriptive. About this you'll have your own opinion. In recognizing the changes that houses make you'll gain insight into how they view the market. Because auctions provide a steady drumbeat of sales there's a close to real time continuum of data that provides the best evidence available about the current state of the market. But you do have to sort it out yourself because the book business is a braided tapestry, 19th century fiction a world apart from 18th century science, 20th century poetry several time zones away from early travel and voyages.

In issuing weekly reports we have for the past year focused on success rates, that is the lots sold. The market is recovered sufficiently that we can more clearly identify the proportion of lots unsold and add an important statistic: total sales as a % of high estimate. This is a telling number. Houses that accept or themselves impose reserves above current market value will tend to have a lower percentage of lots sold and also achieve a lower percentage of total receipts as measured by Total Sales as a % of High Estimate. If reserves are high fewer lots will sell and overall performance, as measured by total sales divided by the total high estimate, be lower. It may sound complicated but it reduces itself to a simple number.

A sale and the market will appear to be in balance when an auction achieves 100% of the high estimate. In a rising market that percentage will tend to be above 100%, in a declining market below. This said, these statistics can only be applied to auctions as a group. Specific sales will often be subject to random events that increase or decrease revenue. But taken together, these numbers provide a riveting picture of a selling channel constantly in flux, adjusting to changing demand.

Momentum, the rate of change and its implication for future pricing, is the subject of our ongoing study.

Sign up for free weekly reports.

Click to see the Upcoming Auction Page.

Click to see the most recent Weekly Auction Update.

Click to see an example to the new report.

Rare Book Monthly

  • <center><b>The 19th Century Rare Book & Photograph Shop<br></b>Catalogue 190:<br>Magnificent Books & Photographs<br><b>Free on request</b>
    <b>19th Century Rare Book & Photograph Shop:</b> William Shakespeare. <i>The Second Folio</i> (1632).
    <b>19th Century Rare Book & Photograph Shop:</b> Abraham Lincoln. Autograph note on Black troops in the Union Army (1865).
    <b>19th Century Rare Book & Photograph Shop:</b> Neil Armstrong. The largest known U.S. flag flown to the Moon on Apollo 11 (1969).
    <b>19th Century Rare Book & Photograph Shop:</b> William Henry Fox Talbot. <i>The Pencil of Nature</i> (1844-1846) the first photo illustrated book.
    <b>19th Century Rare Book & Photograph Shop:</b> Albert Einstein. Letter on relativity and the speed of light (1951).
  • <center><b>Forum Auctions<br>A third selection of 16th and 17th<br>Century English Books from<br>the Fox Pointe Manor Library<br>Thursday 21st October 2021</b>
    <b>Forum Auctions, Oct. 21:</b> Hawking & Hunting.- Turberville (George). <i>The Booke of Falconrie or Hawking,</i> second edition, Printed by Thomas Purfoot, 1611. £6,000 to £8,000.
    <b>Forum Auctions, Oct. 21:</b> George Steevens' copy.- Coryate (Thomas). <i>Coryats Crudities Hastily gobbled up in five Moneths travells in France, Savoy, Italy, Rhetia...,</i> first edition, complete copy, Printed by W. S[tansby], 1611. £4,000 to £6,00
    <b>Forum Auctions, Oct. 21:</b> Butler (Charles). <i>The Feminine Monarchie: or The Historie of Bees,</i> second edition, Printed by John Haviland for Roger Jackson, 1623. £2,000 to £3,000.
    <center><b>Forum Auctions<br>A third selection of 16th and 17th<br>Century English Books from<br>the Fox Pointe Manor Library<br>Thursday 21st October 2021</b>
    <b>Forum Auctions, Oct. 21:</b> Brathwait (Richard). <i>The English Gentlewoman, drawne out to the full Body: expressing, What Habilliments doe best attire her…,</i> Printed by B. Alsop and T. Fawcet, for Michaell Sparke, 1631. £1,000 to £1,500.
    <b>Forum Auctions, Oct. 21:</b> Glapthorne (Henry). <i>The Ladies Priviledge,</i> first edition, Imprinted...by J. Okes, for Francis Constable, 1640. £1,000 to £1,500.
    <b>Forum Auctions, Oct. 21:</b> Witchcraft.- F. (H.) <i>A true and exact Relation Of the severall Informations, Examinations, and Confessions of the late Witches, arraigned and executed in the County of Essex,</i> first edition, 1645. £2,000 to £3,000.
    <center><b>Forum Auctions<br>A third selection of 16th and 17th<br>Century English Books from<br>the Fox Pointe Manor Library<br>Thursday 21st October 2021</b>
    <b>Forum Auctions, Oct. 21:</b> Hobbes (Thomas). <i>De Corpore Politico. Or the Elements of Law, Moral & Politick,</i> first edition, 1650. £2,000 to £3,000.
    <b>Forum Auctions, Oct. 21:</b> Early steam engine.- Worcester (Edward Somerset, 2nd Marquis). <i>A Century of the Names and Scantlings of such Inventions…,</i> first edition, 1663. £2,000 to £3,000.
    <b>Forum Auctions, Oct. 21:</b> Cookery.- M[ontagu] (W[alter]). <i>The Queens Closet Opened. Incomparable secrets in physick, chirurgery, preserving and candying, &c,</i> 3 parts in 1 vol., 1674. £1,500 to £2,000.
    <center><b>Forum Auctions<br>A third selection of 16th and 17th<br>Century English Books from<br>the Fox Pointe Manor Library<br>Thursday 21st October 2021</b>
    <b>Forum Auctions, Oct. 21:</b> Speed (John). <i>An Epitome of Mr. John Speed's Theatre of the Empire of Great Britain,</i> 2 parts in 1, 90 engraved maps, Printed for Tho. Basset, and Ric. Chiswel, 1676. £3,000 to £4,000.
    <b>Forum Auctions, Oct. 21:</b> Le Boe (Franciscus). <i>Of Childrens Diseases... also a Treatise of the Rickets,</i> first edition, Printed for George Downs, 1682. £2,000 to £3,000.
    <b>Forum Auctions, Oct. 21:</b> Economics.- Locke (John). <i>Several Papers Relating to Money, Interest and Trade,</i> first collected edition, Printed for A. and J. Churchill, 1696. £2,000 to £3,000.

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