• <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
  • <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.

Auction Update Review

Nopreview

Five Auctions this week suggest recovery

The Week ending July 24th


Just as the auction business is rolling up the awnings and heading for summer vacations we are reminded that the mosaic of auctions that together comprise the books, manuscripts, maps and ephemera cash market will not be defined or categorized by anyone but bidders. Five auctions: Piasa, Dominic Winter, Australian Book, Pacific Book Auctions, and National Book combined for an exceptional 85% sales rate in the most recent report; their individual rates 88.61%, 78.35%, 85.56%, 71.69% and 100%. These sales took place in Italy, England, Australia and on the US east and west coasts. This week extends the recovery trend that just a few weeks back looked uncertain. With all auctions through June 30th priced and now consigned to history we have updated the three trend graphs for month by month change in median auction lot price, year to year change in the 12 month moving average, and 12 month moving average of the sell-through rate. Taken together these graphs present an optimistic picture; the trend line for median lot value particularly encouraging. Average lot selling price, which after August 2008 was steadily weaker into mid-2009 has now substantially recovered the August 2008 levels. Median selling prices remain low but look to be building a base.

Whether the material or the market is better is less certain. During the first year of the downturn there was some deterioration in the quality offered. Anecdotally, the quality is picking up. Dealers, institutions and collectors never lost interest in exceptional material. These days they look everywhere and will bid anywhere.

As a side note to those who subscribe for the AED we have added 100,040 records over the past 30 days. We cover auctions worldwide to the extent the material is well described and the houses willing to provide a record of realizations and unsold lots in a timely manner. We are also now building a bridge of results back into the 19th century. This past month only about 10,000 new lots passed through the rooms. The balance of the material we added is for Sotheby's sales conducted between 1980 and 1995. We have 1.3 million other records currently under review. Month by month as we complete our review they will enter the AED: our goal - five million records and a seamless record of material at auction back to 1850.

Click on the Trend Charts link to review the revised charts.

Bruce McKinney
AE

  • <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>
  • <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.