• <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> <i>All-Negro Comics</i> Issue #1, 1947. $4,000 to $6,000.
    <b>Cowan’s, Dec 3:</b> Early Memoir of a Black Hairdresser, 1859. $3,000 to $4,000.
    <b>Cowan’s, Dec 3:</b> First Edition <i>Letters of the Late Ignatius Sancho, An African,</i> 1782. $2,500 to $3,500.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> Bessie Coleman Aero News Vol. 1 Issue 1, May 1930, Signed by William J. Powell. $2,000 to $3,000.
    <b>Cowan’s, Dec 3:</b> Book of Poetry and Music by Formerly Illiterate Author Thomas Young, 1897. $6,000 to $8,000.
    <b>Cowan’s, Dec 3:</b> Cabinet Card of 24th Infantryman, Tombstone, Arizona Territory, circa 1882. $8,000 to $12,000.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> James Baldwin Portrait by Carl Van Vechten, 1955. $3,500 to $4,500.
    <b>Cowan’s, Dec 3:</b> <i>The Pacific Appeal</i> Newspaper, San Francisco, 1877. $3,000 to $5,000.
    <b>Cowan’s, Dec 3:</b> Only Known Copy <i>Spreading Joy,</i> Uplift History of African Americans in Los Angeles, 1937. $2,000 to $3,000.
    <b><center>Cowan’s Auctions<br>The Steve Turner Collection<br>of African Americana, Part II<br>December 3, 2020</b>
    <b>Cowan’s, Dec 3:</b> 1940 Los Angeles <i>The Official Central Avenue District Directory.</i> $2,000 to $3,000.
    <b>Cowan’s, Dec 3:</b> GRÉGOIRE, Henri (French, 1750-1831). <i>An Enquiry Concerning the Intellectual and Moral Faculties, and Literature of Negroes,</i> First American Edition, 1810. $1,500 to $2,500.
    <b>Cowan’s, Dec 3:</b> 1893 Indian Territory Album with Images of Tacky Grayson. $4,000 to $6,000.
  • <b><center>Gonnelli<br>December 1st<br>Antique and modern prints,<br>drawings and paintings</b>
    <b><center>Gonnelli<br>December 2nd<br>Photographs, autographs, musical works and manuscripts</b>
    <b><center>Gonnelli<br>December 3rd<br>Books from XV to XX Century</b>
    <b><center>Gonnelli<br>December 3rd<br>Mathematics books</b>
    <b><center>Gonnelli<br>December 3rd<br>Art books from Salvador Dalí<br>& others</b>
  • <center><b>Firsts Online Rare Book Fair<br> 27 November to 2 December<br><br> Presented by the Antiquarian Booksellers’ Association</b>

Auction Update Review

Nopreview

Taking the Medicine to Feel Better, The Week ending July 17th, 2008

This past week four auctions were archived in the AED. Sotheby's held two sales this past week in London achieving inconsistent results. In Germany the results of Jeschke - van vliet Buch und Kunstauktione's sale on the July 3rd was archived as was New England Auctions' Americana sale on June 29th. Together these sales raised $2.2 million against a total high estimate of $3.57 million. On the face of it the results were disappointing. A closer look suggests something else.

One of the Sotheby's sales, "Books for Cooks," did very well. Cook books are an appealing category that is not often the focus of an entire sale. The event was small by Sotheby's standards, raising only $607,150 but 143 of the 154 lots offered sold for a 93% rate of sale. Such sales encourage collecting. It suggests Sotheby's is adapting to the austere market we are in.

New England Book, as is their custom, set reasonable estimates for their Americana sale on June 29th and managed to sell 98% of the lots offered; 293 of which 286 sold for an average of $175. People bidding at NEA need not fear they are up against reserves. Time and again this house has sold virtually every item offered.

In Berlin Jeschke - van vliet Buch und Kunstauktione's sale of Important Books on the 3rd had results more in line with the current market weakness. They set middle reserves [high and low reserves the same] and beat them by only 14%. The consequence was a 54% sell-through rate that added up to total sales of only 55% of the aggregate high estimate. It is very difficult for consignors and auction houses to set appropriate reserves in a weakening market.

The fourth sale was Sotheby's " English Literature, History, Children's Books and Illustrations" auction on July 15th. It too encountered tough sledding. The sale achieved $1,180,834, a number that would be celebrated at almost every other auction house in the world. Alas, this is Sotheby's and their aggregate high estimate was $2.3 million. They and the market overall are now in line for summer vacations.

Bidders are investing in specialized sales, in the reasonably estimated and in exceptional examples. This is what it looks like in a tough market. Buyers do not go away but they certainly become more cautious. Consignors and the houses will have to adjust.

Bruce McKinney
AE

  • <center><b>Sotheby’s<br>Music, Continental Books<br>and Medieval Manuscripts<br>24 Nov. – 1 Dec. 2020<br>Online</b>
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>F. Schubert. Autograph letter to his brother Ferdinand, 4 pages, Zseliz, 1818. £80,000 to £120,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>L. v. Beethoven. Fine autograph letter to his librettist Friedrich Treitschke, about their planned opera, 1815. £70,000 to £90,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Hermann Hesse, Highly important series of 62 letters and postcards to Stefan Zweig, 1903-1938. £60,000 to £80,000.
    <center><b>Sotheby’s<br>Music, Continental Books<br>and Medieval Manuscripts<br>24 Nov. – 1 Dec. 2020<br>Online</b>
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Book of Hours, Use of Reims, illuminated manuscript on vellum [France, late 15th century]. £40,000 to £60,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b> Armenian gospel book, illuminated manuscript on vellum, seventeenth century, tooled calf binding. £7,000 to £10,000.
    <b>Sotheby’s, 24 Nov. – 1 Dec.:</b><br>C. Goldoni. Ten autograph letters signed to the Genoese nobleman Cristoforo Spinola, Venice 1742-1743. £7,000 to £9,000.
  • <b>Swann Auction Galleries:</b> Oscar Wilde, <i>“The secret of life is in Art,”</i> autograph quotation dated and signed, 1882. Sold for $15,600.
    <b>Swann Auction Galleries:</b> <i>Manhattan Gay Scene Guide 1969, Summer Edition,</i> Mattachine Book Service. Sold for $3,250.
    <b>Swann Auction Galleries:</b> Toyen, pen & ink illustration from <i>Marquis de Sade: Justina cili prokletí ctnosti,</i> 1932. Sold for $26,000.
    <b>Swann Auction Galleries:</b> Antonio Lopez, 9 men’s fashion studies, graphite, 1974. Sold for $6,500.
    <b>Swann Auction Galleries:</b> Harvey Milk, 2 autograph letters signed, to Pat Mormon, during US Navy service, 1954. Sold for $2,210.
    <b>Swann Auction Galleries:</b> Daniel Abraham, original art for <i>Stonewall Romances,</i> pen, ink & gouache, 1979. Sold for $3,000.
    <b>Swann Auction Galleries:</b> David Wojnarowicz, <i>Untitled (Genet with Dog),</i> mixed media collage. Sold for $27,500.
    <b>Swann Auction Galleries:</b> Susie Gaynes & Amy E. Bartell, <i>March on Washington for Lesbian and Gay Rights,</i> 1987. Sold for $1,188.
    <b>Swann Auction Galleries:</b> <i>Paris is Burning,</i> photo offset poster by Anne Dutlinger, signed by film director Jennie Livingston, 1991. Sold for $1,500.
  • <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>Latin and French Book of Hours, around 1490. Est: € 20,000
    <b>Ketterer Rare Books, Nov. 30:</b><br> P. Goos, <i>Le Grand Miroir de la Mer,</i> 1669. Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>L. Feininger, Letter with woodcuts, 1920. Est: € 25,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>Latin Bible manuscript, 12th century. Est: € 20,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>M. E. Bloch, <i>Naturgeschichte der Fische,</i> 1782-95. Est: € 40,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>M. Chagall, <i>Daphnis & Chloé,</i> 1961. Est: € 90,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br>L. J. Waghenaer, <i>Speculum nauticum,</i> 1586. Est: € 180,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>P. J. de Pannemaeker, Collection of orig. watercolors, 1878-1887.<br>Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>G. Klimt, <i>Das Werk,</i> 1918.<br>Est: € 15,000
    <center><b>Ketterer Rare Books<br>Auction on November 30th</b>
    <b>Ketterer Rare Books, Nov. 30:</b><br><i>Livro dos prestimonios,</i> Manuscript, 1665. Est: € 25,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>W. Kandinsky, <i>Klänge,</i> 1913.<br>Est: € 18,000
    <b>Ketterer Rare Books, Nov. 30:</b><br>J. Miró in J. Cassou, <i>Vingt-deux poémes,</i> 1978. Est: € 8,000