• <b>Swann Auction Galleries:</b> Abraham Lincoln, Emancipation Proclamation by the President of the United States, pamphlet, 1862. Sold May 7 for $11,875.
    <b>Swann Auction Galleries:</b> Family papers of the distinguished Ruby-Jackson family, Portland, Maine, 1853-1961. Sold May 7 for $4,000.
    <b>Swann Auction Galleries:</b> E. Simms Campbell, A Night-Club Map of Harlem, in inaugural issue of Manhattan, 1933. Sold May 7 for $27,500.
    <b>Swann Auction Galleries:</b> Papers of the comedian Nipsey Russell, including a letter from MLK, 1929-2000. Sold May 7 for $17,500.
    <b>Swann Auction Galleries:</b> Edmonia Lewis, prominent sculptor, carte-de-visite by Henry Rocher, c. 1866-71. Sold May 7 for $5,250.
    <b>Swann Auction Galleries:</b> The Black Panther: Black Community News Service, 44 issues, San Francisco, 1967-1971. Sold May 7 for $6,500.
    <b>Swann Auction Galleries:</b> Ernest Withers, I Am A Man, Sanitation Workers Strike, silver print, 1968. Sold May 7 for $5,000.
    <b>Swann Auction Galleries:</b> March For Freedom Now!, poster for a protest on the 1960 Republican Convention. Sold May 7 for $17,500.
  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [SUPREME COURT JUSTICES]. A very extensive collection of 203 letters, documents and signatures. A COMPLETE COLLECTION OF THE SUPREME COURT JUSTICES, JOHN JAY THROUGH WILLIAM REHNQUIST. $20,000 to $30,000.
    <b>Hindman Auctions, Jun. 23:</b> ZATTA, Antonio. <i>Atlante Novissimo.</i> Venice: Antonio Zatta, 1775-1785. ONE OF THE FINEST WORLD ATLASES issued in Italy in the 18th century. $15,000 to $20,000.
    <b>Hindman Auctions, Jun. 23:</b> [CHICAGO HISTORY] -- [COLUMBUS, Christopher]. Monumental historiated and embroidered panel of the MADE FOR THE 1893 COLUMBIAN EXHIBITION IN CHICAGO. $12,000 to $18,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MONASTERY HILL BINDING]. AINSWORTH, William Harrison. <i>Historical Romances.</i> Philadelphia, n.d. A fine early exhibition binding by the Monastery Hill Bindery. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> [ABSTRACT EXPRESSIONISM]. New York: Tiber Press, [1960]. 4 volumes. LIMITED EDITION, number 119 of 200 COPIES, EACH SIGNED BY THE POET AND ARTIST. $6,000 to $8,000.
    <b>Hindman Auctions, Jun. 23:</b> GRATIANUS, the Canonist. <i>Decretum.</i> Venedig: Petrus de Plasiis, 25 January 1483. Second quarto edition. FIRST PAGE ILLUMINATED BY A CONTEMPORARY ARTIST. $4,000 to $6,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [ABOLITIONISTS]. <i>William Lloyd Garrison. The Story of his Life.</i> New York, 1885. ORIGINAL DOCUMENTS FROM SEVERAL NOTABLE ABOLITIONISTS neatly bound in throughout. $4,000 to $6,000.
    <b>Hindman Auctions, Jun. 23:</b> ANSON, George. <i>A Voyage round the World, In the Years 1740... 1744.</i> London: John and Paul Knapton for the author, 1748. FIRST EDITION. $3,000 to $4,000.
    <b>Hindman Auctions, Jun. 23:</b> Blank railroad ledger, "Compagnie des Chemins de fer de l'Ouest" (spine title). N.p., 1909. A MONUMENTAL 20th-CENTURY ART NOUVEAU BINDING. $1,000 to $1,500.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>Including Americana<br>Live and Online<br>June 23, 2020</b>
    <b>Hindman Auctions, Jun. 23:</b> [MINIATURE ROOM] -- [FLEMING, John (1910-1987)]. Miniature of his 57th Street Library and Gallery. JOHN F. FLEMING'S BARONIAL 57TH STREET GALLERY. $1,500 to $2,500.
    <b>Hindman Auctions, Jun. 23:</b> [SANGORSKI & SUTCLIFFE BINDING]. CHESTERTON, G.K. <i>Five Types: A Book of Essays.</i> London, 1910. LIMITED EDITION, number 3 of 30 copies on vellum SIGNED BY GEORGE SUTCLIFFE. $400 to $500.
    <b>Hindman Auctions, Jun. 23:</b> [KELMSCOTT PRESS]. <i>When Adam Delved and Eve Span....</i> [Ancoats Brotherhood, 1894-5]. LIMITED EDITION, one of 250 copies printed. $500 to $700.
  • <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Darwin (Charles). <i>On the Origin of Species,</i> 1st edition, London, 1859. Original cloth, one of 1,250 copies. £15,000 to £25,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> The Gentleman’s Magazine, or Monthly Intelligencer, 276 volumes, 1731-1894. With all the America maps, and the first British publication of the US Declaration of Independence. £5,000 to £7,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Washington (John). <i>Eskimaux and English Vocabulary, for the Use of the Arctic Expedition,</i> 1st edition, London, 1850. Sabin 101906. £3,000 to £5,000.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Churchill (Winston S.). <i>Ian Hamilton’s March [and] London to Ladysmith,</i> 1st editions, 1900. Signed by the author. £3,000 to £4,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Wallace (Alfred Russel). <i>Is Mars Habitable?,</i> 1st edition, London, 1907. Extremely rare in the dust jacket. £2,000 to £3,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Montes de Oca (Rafael). <i>Ensayo ornitologico de los Troquilideos o Colibries de Mexico,</i> 1st edition, Mexico City, 1875. With 12 hand-coloured lithographs of hummingbirds. £1,000 to £1,500.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Agrippa (Camillo). <i>Trattato di scienza d’arme,</i> Venice, 1568. One of 50 lots from the Leon Paul Library of Fencing. £1,000 to £1,500.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Clarke (Sir Alured, 1744-1832). Manuscript document signed as commander of British forces in Georgia during the American War of Independence, Savannah, 18 June 1782. £300 to £500.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> [Slave Narrative]. <i>The Life and Sufferings of Leonard Black, a Fugitive from Slavery,</i> 1st edition, New Bedford MA, 1847. £300 to £500.
    <center><b>Dominic Winter Auctioneers<br>Printed Books, Maps & Autographs<br>May 27 & 28, 2020</b>
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Finaughty (William). <i>The Recollections of William Finaughty, Elephant Hunter 1864-1875,</i> 1st edition, Philadelphia, [1916]. One of 250 copies. £500 to £800.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> Gold (Charles). <i>Oriental Drawings: Sketched between the Years 1791 and 1798,</i> 1st edition, 1806. With 48 fine hand-coloured aquatints. £3,000 to £5,000.
    <b>Dominic Winter Auctioneers 27/28 May 2020:</b> George II (1683-1760) & William Cavendish, 4th Duke of Devonshire (1720-1764). Manuscript exchequer document signed, 1757. £700 to £1,000.

Rare Book Monthly

Articles - October - 2003 Issue

Herd on the Street

Herd2

Change is unsettling.


Every day at least five new book sellers register to sell and begin to list books. This is roughly 2,000 new sellers joining the selling community every year. Roughly, for every book seller, it takes 25 to 50 book buyers to join on the buy-side to keep the buy-sell equation in balance. This means that for book prices to remain at the current level 125 to 250 new book buyers need to join the buying community every day. While there is no way to know precisely how many new buyers join the electronic world everyday it is obviously less than the number needed to maintain market equilibrium. My anecdotal experience is that prices are falling. Every seller has a different attitude about their books and their pricing but I have seen much larger discounts on the net this past year than I ever did before. If more books are being posted than there are buyers to buy them this is going to inevitably happen.

The number of ways to sell is also increasing. There are now about twenty listing sites on line. ABE is by far the largest but the cost to develop such sites is apparently not a significant barrier to entry so they continue to proliferate. Book search engines such as Bookfinder and Addall list no books themselves but check many listing sites for specified titles thus obliterating the significance of listing site brand names. With them you specify the title. They look in various places.

The strength of the online listing approach for the seller is to provide ample time to realize the highest price. It comes with no guarantee of a sale but asking prices are typically higher than comparable auction realizations. For collectors the listing sites provide the opportunity to browse and shop 24/7. You can focus on books when you want to focus on books and you can still negotiate when there are several copies available. Because there are (may I say temporarily?) more books to sell than there are buyers to buy them books coming online often find their brothers and sisters there to meet them. Separated at birth, many titles are reunited on line, where booksellers are surprised to find that every family in America has two copies and wants to sell them. Buyers, seeing this, instinctively know they are not looking at a collectible title and often turn away. Nevertheless, for many books, the internet is an excellent way to sell. It just isn’t the best way to sell every book.

The seventy-six traditional book auction locations we cover go a long way to provide market liquidity and price validation for the better books. But they aggregate markets, attracting buyers by their implied promise to provide concentrations of worthwhile material. They can not be slipshod in their selections which mean they will often be unwilling or unable to accept material. They provide an important outlet for resale but their capabilities are finite in a world of books that appears infinite. What they sell has limits, but within these limits, their realized prices are the best indicator of present value. Auction realizations are the cash market.

Rare Book Monthly

  • <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> INCUNABULA -Fridolin, Stephan. <i>Schatzbehalter.</i> With 96 (including 5 repeated) full-page text woodcuts. Nürnberg, 1491.<br>€ 39 470 / 57 020
    <b>Koller, Jun. 15:</b> Kokoschka, Oskar. <i>Die Träumenden Knaben (The Dreaming Boys).</i> With 11 original lithographs. Vienne, 1908.<br>€ 35 090 / 52 630
    <b>Koller, Jun. 15:</b> Third Bessarion Master (active in Lombard in the third quarter of the 15th century). Leaf from a gradual, 1455-60.<br>€ 21 930 / 30 700
    <b>Koller, Jun. 15:</b> Picasso, Pablo - Delgado, José alias Pepe Illo. <i>La Tauromaquia o arte de torear.</i> With 26 original aquatints and 1 original etching by Picasso.<br>€ 21 930 / 35 090
    <b>Koller International Auctions: Books [and] Manuscripts & Autographs. June 15, 2020</b>
    <b>Koller, Jun. 15:</b> Linschoten, Jan Huygen van. <i>Itinerario, Voyage ofte Schipvaert naer Oost ofte Portugaels Indien…</i> Amsterdam, 1595.<br>€ 17 540 / 26 320
    <b>Koller, Jun. 15:</b> CHILDREN’S BOOKS - Meggendorfer, Lothar. <i>Nah und Fern. Ein Tierbilderbuch zum Ziehen.</i> With 8 coloured, lithographed plates.<br>€ 530 / 790
    <b>Koller, Jun. 15:</b> DANSE MACABRE - Bille, Edmond. <i>Une Danse macabre.</i> With 20 coloured woodcuts. Lausanne, 1919. Large folio.<br>€ 610 / 880
    <b>Koller, Jun. 15:</b> Dexel, Walter. A collection of 7 invitation cards from the Kunstverein Jena, each typographically designed by W. Dexel. Jena, 1924-1928. Each 10.5 x 14.8 cm.<br>€ 530 / 790
  • <b>Gonnelli:</b> Books & Graphics 26th – 27th – 28th May 2020.
    <b>Gonnelli:</b> May 27th, Travel and exploration.
    <b>Gonnelli:</b> May 27th, Musical books, autographs & printed music.
    <b>Gonnelli:</b> May 26th, A collection of Piranesi’s etchings. € 50 to € 16000.
    <b>Gonnelli:</b> May 28th, Books from XV to XX Century.
    <b>Gonnelli:</b> May 28th, Hansel and Gretel and other stories by the brothers Grimm illustrated by Kay Nielsen. € 1000.
    <b>Gonnelli:</b> May 28th, Artists’ books from Dalì, Marini & others.
  • <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Extremely rare, signature of Patrick Ferguson, famed rifle inventor and British officer. $20,000 to $40,000.
    <b>Morphy Auctions, May 27:</b> 1776 Battle of Sullivan's Island watercolor, attributed to James Peale. 11 1/2 x 17 3/16. $10,000 to $25,000.
    <b>Morphy Auctions, May 27:</b> John Hancock-signed commission of Ensign Aaron Butler, 1777. $8,000 to $16,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> A Short Narrative of the Horrid Massacre in Boston, Perpetrated in the Evening of the Fifth Day of March 1770… London, [1770]. $7,000 to $15,000.
    <b>Morphy Auctions, May 27:</b> Original manuscript of 1761 Massachusetts Bay Tax Act. $8,000 to $12,000.
    <b>Morphy Auctions, May 27:</b> Wine receipt for Washington's Council of War, May 24, 1778, leading to Monmouth Battle. $8,000 to $12,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> [Siege of Boston]. “A Muster Roll of The Company Under the Command of Captain Josiah King in Colonel David Brewer’s Regiment, to the First of August, 1775.” $5,000 to $10,000.
    <b>Morphy Auctions, May 27:</b> Congressman Brigham describes George Washington's Mount Vernon estate and its slaves. $3,000 to $6,000.
    <b>Morphy Auctions, May 27:</b> [British Army. Uniforms and Organizaton] "Gen[era]l. Disposition of The King’s Troops with the Number, Uniform and Colonel [of Each Regiment, 1763]. $3,000 to $5,000.
    <center><b>Morphy Auctions</b><br>Founders & Patriots: Arms, Militaria, Documents, Artwork & Rare Imprints from the Era of the American Revolution & the War of 1812<br><b>May 27, 2020</b>
    <b>Morphy Auctions, May 27:</b> Revolutionary era paper money, continental and state (lot of 55). $2,500 to $5,500.
    <b>Morphy Auctions, May 27:</b> Rare 1782 loyalist military passport from Charleston, SC. $1,500 to $3,000.
    <b>Morphy Auctions, May 27:</b> [Stamp Act.] Rare 1765 stamp for 2 shillings and 6 pence. $1,250 to $2,500.

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