• <b>Sotheby’s, Dec. 18:</b> <i>The Birds of America; from Original Drawings by John James Audubon</i> $6,000,000 to $8,000,000.
    <b>Sotheby’s, Dec. 18:</b> <i>The Birds of America; from Original Drawings by John James Audubon</i> $6,000,000 to $8,000,000.
    <b>Sotheby’s, Dec. 18:</b> <i>The Birds of America; from Original Drawings by John James Audubon</i> $6,000,000 to $8,000,000.
    <b>Sotheby’s, Dec. 18:</b> <i>The Birds of America; from Original Drawings by John James Audubon</i> $6,000,000 to $8,000,000.
    <b>Sotheby’s, Dec. 18:</b> <i>The Birds of America; from Original Drawings by John James Audubon</i> $6,000,000 to $8,000,000.
  • <b>Swann Auction Galleries Dec 17:</b> Currier & Ives, <i>The Mississippi in Time of Peace,</i> hand-colored lithograph, 1865. $6,000 to $9,000.
    <b>Swann Auction Galleries Dec 17:</b> Hartmann Schedel, <i>Liber Cronicarum...,</i> Nuremberg, 1493. $40,000 to $60,000.
    <b>Swann Auction Galleries Dec 17:</b> Claudius Ptolemaeus, <i>Geographicae Enarrationis Libri Octo,</i> Lyons, 1535. $20,000 to $25,000.
    <b>Swann Auction Galleries Dec 17:</b> Thomas Jefferys, <i>The American Atlas,</i> London, 1776-77. $10,000 to $15,000.
    <b>Swann Auction Galleries Dec 17:</b> John Speed, <i>A Prospect of the Most Famous Parts of the World,</i> 20 miniature maps, London, 1665. $2,000 to $3,000.
    <b>Swann Auction Galleries Dec 17:</b> <i>Biblia Das ist: Die Gantze Heilige Schrifft Durch D. Martin Luther Verteutscht,</i> illustrated cartographic Bible, Basel, 1665. $1,500 to $2,500.
    <b>Swann Auction Galleries Dec 17:</b> Early Hawaiian-language school geography, Lahainaluna Seminary, 1840. $2,500 to $3,500.
    <b>Swann Auction Galleries Dec 17:</b> Cornelis de Jode, <i>Africae Vera Forma, et Situs,</i> Antwerp, 1593. $4,000 to $6,000.
    <b>Swann Auction Galleries Dec 17:</b> Maria Vincenzo Coronelli, <i>America Settentrionale Colle Nuove Scoperte Sin All Anno,</i> Venice, 1688. $7,000 to $10,000.
    <b>Swann Auction Galleries Dec 17:</b> Johann Christoph Volkamer, <i>Nürnbergische Hesperides,</i> Nuremberg, 1708-1714. $12,000 to $18,000.
    <b>Swann Auction Galleries Dec 17:</b> Johann Bayer, <i>Uranometria, Omnium Asterismorum Continens Schemata...,</i> 51 celestial charts, c. 1603. $5,000 to $7,500.
    <b>Swann Auction Galleries Dec 17:</b> Manuscript map of Commodore Perry’s Black Ship squadron at Edo Bay, with manuscript sketchbook, ink & watercolor, Japan, c. 1853. $2,500 to $3,500.
  • <b>Christie’s London, Dec. 11:</b> AN EARLY DUTCH POCKET GLOBE ATTRIBUTED TO WILLEM BLAEU, AFTER C.1618. £70,000 to £100,000.
    <b>Christie’s London, Dec. 11:</b> BLAEU, Johannes (1596-1673). £50,000 to £70,000.
    <b>Christie’s London, Dec. 11:</b> BLAEU, Johannes. <i>Theatrum Statuum Regiae Celsitudinis Sabaudiae Ducis, Pedemontii principis, ... pars prima, exhibens Pedemontium ...</i> Amsterdam, 1682. £70,000 to £100,000.
    <b>Christie’s London, Dec. 11:</b> DUDLEY, Sir Robert, self-styled Duke of Northumberland and Earl of Warwick. <i>Arcano del Mare.</i> Florence, 1661. £500,000 to £700,000.
    <b>Christie’s London, Dec. 11:</b> The Mainz Psalter: <i>Psalterium Benedictinum cum canticis et hymnis,</i> for Bursfeld use. [Mainz:] Johann Fust and Peter Schoeffer, 29 August 1459. £5,000 to £10,000.
  • <b>Chiswick Auctions<br>Seeking Consignments.</b> Churchill (Winston) & Others. 1944 Commonwealth Prime Ministers’ Conference, 27 April 1944. £8,000 to £12,000.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Joyce (James). <i>Ulysses.</i> First English edition, 1922. £800 to £1,200.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Belzoni (Giovanni Battista). <i>Plates Illustrated of the Researches and Operations...in Egypt and Nubia,</i> FIRST EDITION, 1821-1822. £14,375 inc Buyers Premium.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Astor (John Jacob). A collection of rare letters, 9 January 1812- 4 September 1837. £26,000 inc Buyers Premium.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Rowling (J.K.) <i>Harry Potter and the Philosopher's Stone,</i> FIRST EDITION, first issue, 1997. £27,500 inc Buyers Premium.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Royal Family. Photograph of Queen Elizabeth, George VI, Princess Elizabeth and Princess Margaret, signed, 1946. £3,640 inc Buyers Premium.
    <b>Chiswick Auctions<br>Seeking Consignments.</b> Collodi (Carlo). <i>Le avventure di Pinocchio. Storia di un burattino,</i> FIRST EDITION, 1883. £8,401 inc Buyers Premium.

Auction Update Review

Nopreview

The Season on Tip-Toes

If there were put and call options on rare books the premiums would be high.  Just as in the stock markets uncertainty is rampant.  At the same moment you could buy Apple Computer [stock symbol aapl] for $377.50 this past Friday you could also sell a put [the right for someone to sell their stock to you at any price under $380 anytime during the coming week for $8.50.  Most of the time such premiums are small reflecting confidence and stability.  Not so today and books, manuscripts, maps and ephemera seem to be reflecting some of this mentality.

There are two cash markets for the field, auctions that are open and generally transparent, and material listed in catalogues, on individual seller and the various mega-listing sites that may be sold for the asking prices or something less.  The dealer market is difficult to analyze but the auction market is very visible.  For the eight auctions archived this week 74% of the lots sold but achieved only 69% of the aggregate high estimate for all lots offered.  In strong weeks the market approaches 100%.  This suggests that bidding is a bit thinner than it has been the past 18 months, a fact that may reflect seasonality or the mix of material offered rather than any trend.  One week never provides enough data to reach definitive conclusions.

Whatever the reasons material and estimates in many upcoming auctions is interesting enough to warrant attention.  Whether this reflects adjusting reserves and better material is unclear but for the second month in a row I’ll be bidding.

For the eight auctions archived this week two are in British pounds, one in Euros, three in dollars and two in Mexican Pesos.  Two thousand two hundred and eight-six lots were offered and 1,696 sold.  The aggregate low and high estimates for material selling was $799,654 and $1,175,424.  Total sales were $1,156,363, the aggregate high estimate $1,664,510.

Net, better material and the possibility of marginally lower prices are bringing me back into the rooms.  I regularly buy from dealers, often but not always on a negotiated basis and that is a steady component of any collector’s strategy.  Going into fall it feels like the opportunities both from dealers and in the auctions will be interesting.  Whether the economy is a drag on sales remains to be seen.

For the reporting period one sale reached 100% of its aggregate high estimate:

Bruun Rasmussen:  Books.  107%

For the week ahead 11 sales are scheduled:

Monday September 12th 

                 Dorotheum:  Modern Prints;

Tuesday September 13th 

                 Doyle New York; Estate of Douglas Fairbanks, Jr.;

                 Heritage Auctions; Historical Manuscripts;

                 Heritage Auctions; Rare Books Auction;

Weds’day Sept. 14th

                 Heritage Auctions; Historical Manuscripts continuing;

                 Heritage Auctions; Rare Books continuing;

                 Old World Auctions; Maps & Charts;

Thursday September 15th

                 Bloomsbury Auctions; Bibliophile Sale;

                 Swann Galleries; The Eric C. Caren Collection [1];

 Saturday September 17th

                  Alain & Evelyne Morel de Westgaver; Postcards, Books and Prints;

                  Auxerre Encheres; Ancient and Modern Books

The season is upon us!

 

Bruce McKinney

AE

 

  • <b>Christie’s London, Dec. 11:</b> ALBUM AMICORUM OF SCHELOMITH FLAUM. Autograph album containing drawings, autograph quotations and signatures from over 47 contributors, India, Europe, America, Israel and elsewhere, 1923–50. £40,000 to £60,000.
    <b>Christie’s London, Dec. 11:</b> FLEMING, Ian (1908–1964). <i>Live and Let Die.</i> London: Jonathan Cape, 1954. £15,000 to £20,000.
    <b>Christie’s London, Dec. 11:</b> HISTORY OF CINEMA. Animal Farm (1954), an animation archive from the Halas and Batchelor studios, [c.1954]. £20,000 to £30,000.
    <b>Christie’s London, Dec. 11:</b> LE HAY, Jacques – [Charles de FERRIOL]. <i>Recueil de Cent Estampes representant differentes Nations du Levant...</i> Paris, 1714. [With:] <i>Explication des cents Estampes.</i> Paris, 1715. £25,000 to £35,000.
    <b>Christie’s London, Dec. 11:</b> THE LAST JUDGEMENT, historiated initial 'A' on a leaf from an Antiphonal on vellum illuminated by Nikolaus Bertschi [Augsburg, first quarter 16th century]. £7,000 to £10,000.
    <b>Christie’s London, Dec. 11:</b> VALTURIUS, Robertus (1413–1484). <i>De re militari.</i> [Verona:] Johannes Nicolai de Verona, 1472. £170,000 to £250,000.
  • <b>Sotheby’s, Dec. 18:</b> CLEMENS, SAMUEL L. <i>The Adventures of Tom Sawyer by Mark Twain.</i> Hartford: The American Publishing Company, 1876. $14,000 to $18,000.
    <b>Sotheby’s, Dec. 18:</b> BATEMAN, JAMES. <i>The Orchidaceae of Mexico and Guatemala.</i> London: J. Ridgway & Sons for the author, [1837]-1843. $60,000 to $80,000.
    <b>Sotheby’s, Dec. 18:</b> WHITMAN, WALT. <i>Leaves of Grass.</i> Brooklyn: [For the author by Andrew and James Rome,] 1855. $150,000 to $200,000.
    <b>Sotheby’s, Dec. 18:</b> LEE, HARPER. Three “Seckatary Hawkins”-related books inscribed and signed by Harper Lee. $60,000 to $80,000.
    <b>Sotheby’s, Dec. 18:</b> POE, EDGAR ALLAN. <i>The Raven.</i> New York: Wiley and Putnam, 1845. $120,000 to $180,000.
  • <b>Bonhams, Dec. 5:</b> SHAKESPEARE, WILLIAM. <i>Macbeth: A Tragedy.</i> London, 1673. FIRST SEPARATE AND FIRST QUARTO EDITION. THE CHARLTON HESTON COPY. $80,000 to $120,000.
    <b>Bonhams, Dec. 5:</b> HEMINGWAY, ERNEST. <i>In Our Time.</i> Paris, 1924. FIRST EDITION, PRESENTATION COPY. $20,000 to $30,000.
    <b>Bonhams, Dec. 5:</b> HAWTHORNE, NATHANIEL. <i>Fanshawe, A Tale.</i> Boston, 1828. FIRST EDITION OF AUTHOR'S FIRST BOOK. $20,000 to $30,000.
    <b>Bonhams, Dec. 5:</b> THOREAU, HENRY DAVID. <i>Walden; Or, Life in the Woods.</i> Boston, 1854. FINE COPY OF THE FIRST EDITION. $10,000 to $15,000.
    <b>Bonhams, Dec. 5:</b> SHAKESPEARE, WILLIAM. <i>Comedies, Histories, and Tragedies.</i> London, 1685. THE FOURTH FOLIO, Brewster/Bentley issue. $20,000 to $30,000.
    <b>Bonhams, Dec. 5:</b> STEIG, WILLIAM. Original maquette and 58 finished drawings for <i>The Agony in the Kindergarten,</i> one of Steig's most important books. $10,000 to $15,000.
    <b>Bonhams, Dec. 5:</b> VERNE, JULES. <i>A Journey to the Centre of the Earth.</i> New York & London, 1872. FIRST EDITION, RARE AMERICAN ISSUE, with Scribner & Welford cancel title. $5,000 to $8,000.
    <b>Bonhams, Dec. 5:</b> KING, STEPHEN. <i>Carrie.</i> New York, 1974. INSCRIBED FIRST EDITION, OF AUTHOR'S FIRST BOOK. $1,200 to $1,800.
    <b>Bonhams, Dec. 4:</b> APPLE MACINTOSH PROTOTYPE. 1983. The earliest known Macintosh with "Twiggy" drive, one of only two known working machines. $120,000 to $180,000.
    <b>Bonhams, Dec. 4:</b> PLATO. <i>Timaeus</i> [AND] <i>Critias</i> [from Ficini's 1484 Opera]. A LANDMARK OF SCIENTIFIC THOUGHT. $80,000 to $120,000.
    <b>Bonhams, Dec. 4:</b> LOVELACE, AUGUSTA ADA. Sketch of the Analytical Engine Invented by Charles Babbage Esq. London, 1843. FIRST EDITION, JOURNAL ISSUE, MOST IMPORTANT PAPER IN EARLY DIGITAL COMPUTING. $15,000 to $20,000.
    <b>Bonhams, Dec. 4:</b> APPLE-1 COMPUTER. Signed by Steve Wozniak, used in development of Apple II. $200,000 to $300,000.
    <b>Bonhams, Dec. 4:</b> DARWIN, CHARLES. 1809-1882. <i>On the Origin of Species By Means of Natural Selection.</i> London, 1859. FIRST EDITION. $80,000 to $120,000.
  • <b>Christie’s London, Dec. 11:</b> SHAKESPEARE, William. <i>Comedies, Histories and Tragedies. Published according to the true Originall Copies.</i> The second Impression. London, 1632. £120,000 to £180,000.
    <b>Christie’s London, Dec. 11:</b> [GOETHE, Johann Wolfgang von (1749–1832)]. <i>Das Römische Carneval.</i> Berlin and Gotha, 1789. £20,000 to £30,000.
    <b>Christie’s London, Dec. 11:</b> [SHAKESPEARE, William]. Manuscript part for a contemporary analogue to <i>Henry IV,</i> part I, n.p. [perhaps Oxford or London], n.d. [c.1580s – before c.1620]. £25,000 to £35,000.
    <b>Christie’s London, Dec. 11:</b> GOETHE, Johann Wolfgang von (1749–1832). <i>Faust. Ein Fragment... Ächte Ausgabe.</i> Leipzig: Georg Joachim Göschen, 1790. £3,000 to £5,000.
    <b>Christie’s London, Dec. 11:</b> SHAKESPEARE, William. <i>The Tragedy of Hamlet Prince of Denmark. As it is now Acted at his Highness the Duke of York's Theatre.</i> London, 1683. £60,000 to £90,000.
    <b>Christie’s London, Dec. 11:</b> [GOETHE, Johann Wolfgang von (1749–1832)]. <i>Die Leiden des jungen Werthers.</i> Leipzig: Weygand, 1774. £15,000 to £20,000.