Auction Update Review

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Christmas Comes Early at Sotheby's

Twenty-Seven Sales Archived

This past week was one of those moments when the sun broke through in the auction rooms on what have recently been some cloudy days in the books, maps, manuscripts and ephemera fields. The volume of sales reported were exceptional thanks in substantial part to Sotheby's both in the New York and London who combined for a breathtaking $40.8 million. The best still sells and this past week Sotheby's was the best at selling the best. Here is what they sold:

On December 7th in London they offered "Magnificent Books, Manuscripts and Drawings from the Collection of Frederick 2nd Lord Hesketh." Ninety-one lots including a complete double folio first edition of James Audubon's Birds sold for $ 9.5 million hammer and $11.5 million all in. William Shakespeare, in the same sale, was sitting in the cheap seats comparatively. A copy of his first folio brought $2.36 million. About this he might say

"Oft expectation fails and most oft there Where most it promises, and oft it hits Where hope is coldest and despair most fits."

But he and we will persevere.

In New York, on the 10th, Sotheby's then hit back to back to back home runs with Custer's last flag, $2.2 million, the Kennedy-Lincoln copy of the Emancipation Proclamation for $3.77 million, and James Naismith's Founding Rules of Basketball for $4.33 - all offered along with a books and manuscripts sale that raised another $2.23 million. The world may not be sure what to do with $4,000 books but million dollar items seem quite secure.

The rest of the field chipped in $13 million, itself a robust number. Nine of the 27 sales archived this week achieved at least 100% of their aggregate high estimates. That the Hesketh sale achieved 127% of the high estimate is extraordinary. The market set the prices and set them high.

For all the sales archived this week 6,166 lots were offered and 4,131 sold for a 67% success rate. This suggests that while the market is demanding for the precious, perfect and important it is decidedly less interested in things that just a few years ago were considered quite good. Your tiaras are in fashion, your quartz is not.

Bruce McKinney
AE

  • <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> MACHIAVELLI, Niccolò. <i>Nicholas Machiavel's Prince. Also, The life of Castruccio Castracani of Lucca…</i> Translated by Edward Dacres. London, 1640. $25,000 to $35,000.
    <b>Hindman Auctions, Nov. 12-13:</b> FILSON, John. <i>The Discovery, Settlement and present State of Kentucke: and An Essay towards the Topography, and Natural History of that important Country…</i> Wilmington, Del.: James Adams, 1784. $20,000 to $30,000.
    <b>Hindman Auctions, Nov. 12-13:</b> ELUARD, Paul. <i>Un poeme dans chaque livre.</i> Paris: Louis Broder, 1956. $20,000 to $30,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> LEWIS, James Otto. [<i>Aboriginal Port Folio.</i> Philadelphia: Published by the Author, 1835-1836]. $15,000 to $25,000.
    <b>Hindman Auctions, Nov. 12-13:</b> [ILLUMINATED MANUSCRIPTS]. BOOK OF HOURS, use of Rome, in Latin. [Southern Netherlands (Ghent or Bruges), c.1460]. $8,000 to $12,000.
    <b>Hindman Auctions, Nov. 12-13:</b> MORE, Thomas, Sir. <i>The Workes ... wrytten by him in the Englysh tongue.</i> Edited by William Rastell. London, 1557. $8,000 to $12,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> [KELMSCOTT PRESS]. MORRIS, William. <i>Love is Enough.</i> Hammersmith: The Kelmscott Press, 1897. $5,000 to $6,000.
    <b>Hindman Auctions, Nov. 12-13:</b> LINCOLN, Abraham. Autograph endorsement signed as President (“A. Lincoln”), 24 February 1863. $4,000 to $6,000.
    <b>Hindman Auctions, Nov. 12-13:</b> WASHINGTON, George. Address panel with autograph free frank signed ("G:o Washington"), as Commander in Chief of the Continental Army, 5 August 1777. $3,000 to $5,000.
    <center><b>Hindman Auctions<br>Fine Books and Manuscripts<br>November 12-13, 2020</b>
    <b>Hindman Auctions, Nov. 12-13:</b> GOREY, Edward. <i>The Beastly Baby.</i> N.p.: The Fantod Press, 1962. $1,000 to $1,500.
    <b>Hindman Auctions, Nov. 12-13:</b> FROST, Robert. Photographic reproduction signed and inscribed ("Robert Frost”), to R.V. Thornton, 1955. $1,000 to $1,500.
    <b>Hindman Auctions, Nov. 12-13:</b> GOREY, Edward. <i>The Bug Book.</i> New York: Looking Glass Library, 1959. $500 to $700.
  • <b>Christie’s, Nov 3 :</b> REGAMEY, Felix (1844-1906). Unique drawing showing Verlaine and Rimbaud in London, September 1872. €70,000 to 100,000
    <b>Christie’s, Nov 3 :</b> LABORDE, Alexandre de (1773-1842). <i>Voyage pittoresque et historique de l’Espagne.</i> Paris : 1806-1820. €20,000 to 30,000
    <b>Christie’s, Nov 3 :</b> BOCCACE, Jean (1313-1375). <i>Il Decamerone…</i> Venise : Gabriele Giolito di Ferrari, 1542.<br>€ 12,000 to 15,000
    <b>Christie’s, Nov 3 :</b> LAMBERT, Yvon (1936). Full collection of writings from <i>Une rêverie émanée de mes loisirs.</i> Paris : 1992 - 2018. €50,000 to 70,000
    <b>Christie’s, Nov 3 :</b> JOUVE, Paul (1878-1973) -- KIPLING, Rudyard (1865-1936). <i>La Chasse de Kaa.</i> Paris : Javal & Bourdeaux, 1930. €2,000 to 3,000
  • <b>Swann Auction Galleries Oct 27:</b> Book of Hours with Illuminated Miniatures, France, mid-15th century. $15,000 to $25,000.
    <b>Swann Auction Galleries Oct 27:</b> Conradus de Alemania [Halberstadt the Elder], <i>Concordantiae Bibliorum,</i> Strassburg, 1474. $20,000 to $30,000.
    <b>Swann Auction Galleries Oct 27:</b> Christopher Marlowe, <i>The Jew of Malta,</i> London, 1633. Earliest extant edition of this antiauthoritarian Elizabethan play. $40,000 to $60,000.
    <b>Swann Auction Galleries Oct 27:</b><br>Sir Isaac Newton, <i>The Mathematical Principles of Natural Philosophy,</i> first edition in English, 2 volumes, London, 1729. $20,000 to $30,000.
    <b>Swann Auction Galleries Oct 27:</b> John Rae, <i>Narrative of an Expedition to the Shores of the Arctic Sea in 1846 and 1847,</i> first edition, London, 1850. $3,000 to $4,000.
    <b>Swann Auction Galleries Oct 27:</b> Philip Pittman, <i>The Present State of the European Settlements on the Mississippi…,</i> first edition, London, 1770. $10,000 to $12,000.
    <b>Swann Auction Galleries Oct 27:</b> Cyanotype of an anatomy class at Woman’s Medical College of Pennsylvania, Philadelphia, 1895. $300 to $400.
    <b>Swann Auction Galleries Oct 27:</b> Equine veterinary formulary, manuscript on paper, East Earl, Pennsylvania, circa 1860. $400 to $600.
  • <b><center>Lion Heart Autographs<br>Rare & Remarkable Autographs<br>and Manuscripts<br>Now until October 21, 2020</b>
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Most Remarkable Autograph Album Ever Offered: Wilde Poem, Melville Quotes Shakespeare, 8 presidents, Mary Lincoln & 400 More. $30,000 to $35,000.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Unique Napoleon Autograph Manuscript Detailing his Military Campaign in Italy, plus Doodles. $18,000 to $20,000.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Remarkable Pasteur Manuscript on Rabies Research 8 Months before 1st Successful Human Vaccination. $12,500 to $15,000.
    <b><center>Lion Heart Autographs<br>Rare & Remarkable Autographs<br>and Manuscripts<br>Now until October 21, 2020</b>
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Freud 1933 ALS Supporting First Lay Analyst Theodor Reik with Reik’s Handwritten Definition of Psychology. $15,000 to $16,000.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Begin & Sadat Unique Signed Photo from Camp David Summit. $2,000 to $2,500.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Rare Scriabin ALS Written the Year He Completed “The Poem of Ecstasy.” $4,000 to $5,000.
    <b><center>Lion Heart Autographs<br>Rare & Remarkable Autographs<br>and Manuscripts<br>Now until October 21, 2020</b>
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Columbus’ Patron Pays for a Gift to a Lady in Waiting. $2,000 to $2,500.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Rare Signed Photo of Nansen, Nobel Prize Winner & Norway’s First Great Arctic Explorer. $1,000 to $1,200.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Stravinsky Pens 5 Bars from "Petrouschka.” $1,200 to $1,500.
    <b>Lion Heart Autographs<br>Now thru Oct. 21:</b> Zapata Letter Written 4 Days Following Collapse of Negotiations between Villa and Carranza. $2,000 to $2,200.