• <center><b>Rare Book Fair<br>Stuttgart<br>29 Jan – 1 Feb 2021</b>
    <center><b>Rare Book Fair<br>Stuttgart<br>29 Jan – 1 Feb 2021</b>
    <center><b>Rare Book Fair<br>Stuttgart<br>29 Jan – 1 Feb 2021</b>
  • <b>Swann Auction Galleries Feb 18:</b> Manuel Orazi, <i>La Maison Moderne,</i> 1900. $40,000 to $60,000.
    <b>Swann Auction Galleries Feb 18:</b> Maxfield Parrish, <i>The Century, Midsummer Holiday Number,</i> 1897. $2,000 to $3,000.
    <b>Swann Auction Galleries Feb 18:</b> Alphonse Mucha, <i>Medee, Sarah Bernhardt,</i> 1898. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> H.A. Volodimer, <i>Grand Prix d’Endurance de 24 Heures,</i> 1923. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 18:</b> Aldo Mazza, <i>Vini d’Italia,</i> circa 1920. $7,000 to $10,000.
    <b>Swann Auction Galleries Feb 18:</b> Leonetto Cappiello, <i>l’Oie d’Or,</i> circa 1930. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> <i>James Bond Does It Everywhere in “Thunderball!”</i> designer unknown, 1965. $1,500 to $2,000.
    <b>Swann Auction Galleries Feb 18:</b> Emil Cardinaux, <i>Palace Hotel, St. Moritz,</i> 1920. $10,000 to $15,000.
    <b>Swann Auction Galleries Feb 18:</b> Joseph C. Leyendecker, <i>“Contour” Arrow Form-Fit Collars,</i> 1917. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 18:</b> Sascha Maurer, <i>Ski at Lake Placid,</i> 1938. $2,500 to $3,500.
  • <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Rare 1778 Engraved map of Colonial Philadelphia after George Heap (1714-1752) and Nicholas Scull (1687-1761). $10,000 to $12,000.
    <b>Case Antiques, Jan. 30-31:</b> Author signed and inscribed <i>THE FOUNTAINHEAD,</i> stated First Edition, by Ayn Rand, published by The Bobbs-Merrill Company, Indianapolis, New York, 1943. $2,000 to $2,400.
    <b>Case Antiques, Jan. 30-31:</b> John James Audubon (American, 1785-1851) hand-colored aquatint engraving, "Yellow-billed Magpie, Stellers Jay, Ultramarine Jay and Clark's Crow," Plate Number CCCLXII. $1,800 to $2,200.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Andrew Jackson (1767-1845) autograph letter, signed, as President, to Nathan Reid detailing Jackson’s intervention on behalf of Reid's grandson. $1,800 to $2,200.
    <b>Case Antiques, Jan. 30-31:</b> Edward Steichen (Luxembourg/American, 1879-1973) portfolio of photographs, "The Early Years 1900-1927, 12 Hand-Gravure Prints" #41/1000, printed in 1981. $1,400 to $1,600.
    <b>Case Antiques, Jan. 30-31:</b> President John Fitzgerald Kennedy, TLS, one-page typed letter on The White House, Washington, D.C., stationary to John Marshall Butler. $1,400 to $1,600.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Two Pre-Civil War slave related letters, including one written by Mariah, a female domestic slave of James Vincent Musgrove (1814-1890) to her daughter. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> Two author signed and inscribed Ayn Rand related books, including one Rand signed <i>WE THE LIVING,</i> London 1940 edition. $1,000 to $1,200.
    <b>Case Antiques, Jan. 30-31:</b> PLAN DE LA VILLE DE MEMPHIS (ETATS-UNIS) 40,000 HABITANTS pen and ink with watercolor hand drawn drainage system map, circa 1870. $700 to $900.
    <center><b>Case Antiques<br>Two-Day Winter Auction<br>Jan. 30 & 31, 2021</b>
    <b>Case Antiques, Jan. 30-31:</b> Scarce Mezzotint portrait of Thomas Pownall, Colonial Governor of the Province of Massachusetts Bay (1757-1760) and South Carolina (1760). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> VIEW OF NORFOLK FROM COSPORT, VIRGINIA, John Hill, engraver, after John Shaw (U.K., 1776-1832). $600 to $700.
    <b>Case Antiques, Jan. 30-31:</b> THE BURNING OF THE MERCHANT'S EXCHANGE, NEW YORK CITY -THE GREAT FIRE OF DECEMBER, 1835. Scarce color lithograph, a 1909 reissue of the original 1836 print. $500 to $700.

Auction Update Review

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Rare Book Hub: 39 Auctions Archived, another 43 Upcoming this Week

For the week ended Friday, 27 September 2019, 39 auctions were archived to the Rare Book Hub Transaction Database; 10 denominated in euros, 5 in British pounds, and 24 in US dollars.  Turnover was $16,946,698 as 9,856 lots were offered and 8,325 sold for another very strong week:  85% of all lots sold.

  

For the week ahead 43 sales are scheduled.

 

8 auctions saw total proceeds reach a million dollars: 

Heritage AuctionsThe David Hall T206 Collection Part II Sports Cards Catalog on September 19th: $2,745,185 
SothebysCharles Dickens: The Lawrence Drizen Collection on September 24th: $2,389,155 
Robert Siegel GalleriesLIVE INTERNET BIDDING Outstanding Pony Express Covers from the George J. Kramer Collection on September 25th: $1,553,770 
ChristiesBanksy: I can't believe you Morons actually buy this sh*t - Online bidstart 9/11 on September 24th: $1,122,750 
Forum AuctionsEditions and Works on Paper on September 25th: $1,086,963 
Swann GalleriesPrinted and Manuscript Americana on September 26th: $1,050,601 
Leslie Hindman AuctioneersPrints and Multiples on September 26th: $1,046,068 
RR AuctionRemarkable Rarities - Featuring Gangsters - bidstart 9/13 on September 21st: $1,012,268 
 

5 auctions saw total sales exceed 100% of the high estimates of all lots offered: 

Dorotheum Books and Decorative Prints on September 24th: 149.32% 
Il PonteBooks, Manuscripts and Engravings on September 24th: 133.80% 
Swann GalleriesPrinted and Manuscript Americana on September 26th: 124.66% 
ChristiesBanksy: I can't believe you Morons actually buy this sh*t - Online bidstart 9/11 on September 24th: 124.61% 
SkinnerFine Prints and Multiples, Fine Photographs on September 26th: 120.72% 


22 sales saw at least 80% of their lots sell: 

Heritage AuctionsThe David Hall T206 Collection Part II Sports Cards Catalog on September 19th: 100.00% 
ChristiesBanksy: I can't believe you Morons actually buy this sh*t - Online bidstart 9/11 on September 24th: 100.00% 
Heritage AuctionsSunday Internet Comics - bidstart 9/15 on September 22nd: 99.71% 
Heritage AuctionsWorld Currency Weekly - Internet bidstart 9/17 on September 24th: 99.62% 
Heritage AuctionsU.S. Currency Weekly - Internet Bidstart 9/17 on September 24th: 99.07% 
Heritage AuctionsSunday Internet Movie Posters - bidstart 9/15 on September 22nd: 98.28% 
Alaska AuctionPrints on September 19th: 97.67% 
Robert Siegel GalleriesLIVE INTERNET BIDDING The Clovis Collection of Confederate States Illustrated Covers on September 25th: 97.66% 
Heritage AuctionsSunday Internet Sports Collectibles - Internet bidstart 9/15 on September 22nd: 97.21% 
Lancaster Mennonite Historical SocietyBook Auction on September 13th: 93.20% 
Dorotheum Globes on September 25th: 92.59% 
Heritage AuctionsThe David and Janice Frent Collection Presidential & Political Americana, Part VI on September 22nd: 90.64% 
SkinnerFine Prints and Multiples, Fine Photographs on September 26th: 90.26% 
Bruun RasmussenPrints on September 24th: 90.14% 
Leslie Hindman AuctioneersPrints and Multiples on September 26th: 89.88% 
North American Auction CompanyWestern Antique & Collector Sale on September 7th: 89.66% 
Il PonteBooks, Manuscripts and Engravings on September 24th: 89.57% 
Swann GalleriesPrinted and Manuscript Americana on September 26th: 87.23% 
Trafford BooksBooks, Photos & Ephemera, Postcards, and Postage Stamps. on September 25th: 87.04% 
Catawiki B. V.Old and Rare Books (Pre-1800) - Internet bidstart 9/13 on September 20th: 87.02% 
Trillium Antique Prints & Rare BooksFine Art - Antique Engravings & Lithographs - Works on Paper on September 21st: 83.50% 
ChristiesContemporary Editions - online bidstart 9/11 on September 25th: 80.18%
 
Top 25 Lots Reported This Past Week.
  1. Heritage Auctions 1909-11 T206 Sweet Caporal 150/25 Honus Wagner PSA Authentic/Altered. on September 19th Actual price: USD $540,000.
  2. Robert Siegel Galleries The celebrated and unique "Patriotic Pony" cover to Europe-- one of the iconic items of American postal history on September 25th Actual price: USD $525,000.
  3. Christies Girl with Balloon - Colour AP (Gold) on September 24th Actual price: USD $395,250.
  4. Robert Siegel Galleries The "Black Pony"--the finer of two recorded $4.00 Black Pony Express covers on September 25th Actual price: USD $330,000.
  5. Sothebys Great Expectations. on September 24th Actual price: USD $218,750.
  6. Swann Galleries WASHINGTON'S FAMILY (SLAVERY AND ABOLITION.)Records of the Dickinson & Shrewsbury salt works, including extensive slave labor correspondence. on September 26th Actual price: USD $173,000.
  7. Sothebys The Personal History of David Copperfield. on September 24th Actual price: USD $171,875.
  8. Robert Siegel Galleries The quadruple-rate Pony Express cover with $1.00 "Garter" strip-- an astonishing and unique icon of American postal history on September 25th Actual price: USD $165,000.
  9. Heritage Auctions 1909-11 T206 Ty Cobb - Ty Cobb (Portrait-Red) PSA Good 2. on September 19th Actual price: USD $156,000.
  10. Robert Siegel Galleries The famous and unique $4.00 Green Pony Express cover on September 25th Actual price: USD $150,000.
  11. Heritage Auctions Extremely Rare Ty Cobb Tobacco Tin - The Finest Example on the Planet! on September 19th Actual price: USD $144,000.
  12. Sothebys A Tale of Two Cities. on September 24th Actual price: USD $132,813.
  13. Sothebys The Posthumous Papers of the Pickwick Club. on September 24th Actual price: USD $125,000.
  14. Sothebys A Christmas Carol. In Prose. Being a Ghost Story of Christmas. on September 24th Actual price: USD $117,188.
  15. Sothebys The Frozen Deep. A Drama in Three Acts. on September 24th Actual price: USD $109,375.
  16. Leslie Hindman Auctioneers Quatre Lithographies, 1986 (the complete set of four works) on September 26th Actual price: USD $106,250.
  17. Swann Galleries Shugart family papers including documentation on the Underground Railroad. on September 26th Actual price: USD $100,000.
  18. RR Auction Pablo Picasso Signed Original Sketch on September 21st Actual price: USD $100,000.
  19. Il Ponte Biblia Sacra vulgatae editionis. on September 24th Actual price: USD $96,250.
  20. Heritage Auctions 1909-11 T206 Polar Bear Bill O'Hara (St. Louis) PSA NM 7 – Pop Two, None Higher. on September 19th Actual price: USD $96,000.
  21. Sothebys Our Mutual Friend. on September 24th Actual price: USD $93,750.
  22. Heritage Auctions 1909-11 T206 Polar Bear Ty Cobb (Red Portrait) PSA NM-MT 8 - Pop One, None Higher for Brand! on September 19th Actual price: USD $87,000.
  23. Heritage Auctions 1909-11 T206 Sweet Caporal 350/30 Eddie Plank PSA VG 3. on September 19th Actual price: USD $84,000.
  24. Sothebys Mrs. Gamp...as condensed by himself, for his Readings. With An Illustration By S. Eytinge, Jr. on September 24th Actual price: USD $78,125.
  25. Sothebys Sketches by Boz. on September 24th Actual price: USD $78,125.



39 total sales reported this week:

Skinner. Fine Prints and Multiples, Fine Photographs on September 26th: 90.26%
Nye & Company Auctioneers. Backyard Auction on September 26th: 62.86%
Leslie Hindman Auctioneers. Prints and Multiples on September 26th: 89.88%
PBA Galleries. Golf Books, Clubs and Memorabilia, at GHS Annual Meeting, Cleveland, OH on September 26th: 76.53%
Swann Galleries. Printed and Manuscript Americana on September 26th: 87.23%
Forum Auctions. Editions and Works on Paper on September 25th: 58.03%
Trafford Books. Books, Photos & Ephemera, Postcards, and Postage Stamps. on September 25th: 87.04%
Robert Siegel Galleries. LIVE INTERNET BIDDING The Clovis Collection of Confederate States Illustrated Covers on September 25th: 97.66%
Robert Siegel Galleries. LIVE INTERNET BIDDING Outstanding Pony Express Covers from the George J. Kramer Collection on September 25th: 78.79%
Christies. Contemporary Editions - online bidstart 9/11 on September 25th: 80.18%
Dorotheum . Globes on September 25th: 92.59%
Bonhams. Art Editions and Designs - Prints and Photographs on September 25th: 37.50%
Chiswick Auctions. Books and Works on Paper on September 25th: 76.67%
Old World Auctions. Maps and Atlases - Internet bidstart 8/28 on September 11th: 70.37%
Heritage Auctions. U.S. Currency Weekly - Internet Bidstart 9/17 on September 24th: 99.07%
Chiswick Auctions. Books and Works on Paper on August 14th: 62.07%
Bruun Rasmussen. Modern Prints and Photographs on September 25th: 54.41%
Il Ponte. Books, Manuscripts and Engravings on September 24th: 89.57%
ALDE. Italian Prints on September 24th: 60.74%
Dorotheum . Books and Decorative Prints on September 24th: 71.43%
Christies. Banksy: I can't believe you Morons actually buy this sh*t - Online bidstart 9/11 on September 24th: 100.00%
Sothebys. Charles Dickens: The Lawrence Drizen Collection on September 24th: 70.37%
RR Auction. Remarkable Rarities - Featuring Gangsters - bidstart 9/13 on September 21st: 71.76%
Eldreds. Antiques and Accessories - Books and Prints on September 21st: 56.45%
Bruun Rasmussen. Prints on September 24th: 90.14%
Ader. Photobooks on September 20th: 45.73%
Heritage Auctions. Sunday Internet Comics - bidstart 9/15 on September 22nd: 99.71%
Heritage Auctions. World Currency Weekly - Internet bidstart 9/17 on September 24th: 99.62%
North American Auction Company. Western Antique & Collector Sale on September 7th: 89.66%
Alaska Auction. Prints on September 19th: 97.67%
Catawiki B. V.. Old and Rare Books (Pre-1800) - Internet bidstart 9/13 on September 20th: 87.02%
Catawiki B. V.. Old and Rare Books (Pre-1700) - Internet bidstart 9/6 on September 16th: 77.92%
Catawiki B. V.. Autographs and Manuscripts - Internet bidstart 9/6 on September 15th: 71.43%
Trillium Antique Prints & Rare Books. Fine Art - Antique Engravings & Lithographs - Works on Paper on September 21st: 83.50%
Heritage Auctions. Sunday Internet Movie Posters - bidstart 9/15 on September 22nd: 98.28%
Heritage Auctions. Sunday Internet Sports Collectibles - Internet bidstart 9/15 on September 22nd: 97.21%
Heritage Auctions. The David Hall T206 Collection Part II Sports Cards Catalog on September 19th: 100.00%
Heritage Auctions. The David and Janice Frent Collection Presidential & Political Americana, Part VI on September 22nd: 90.64%
Lancaster Mennonite Historical Society. Book Auction on September 13th: 93.20%


For the week ahead 43 sales are scheduled:

Mon. Sep. 30th
Bruun Rasmussen. Copenhagen. Prints. 64 lots
Catawiki B. V.. LA Assen, . Old and Rare Books (Pre-1700) - Internet bidstart 9/20. 41 lots

Tue. Oct. 1st
Gonnelli Casa DAste. Firenze. Books and Graphics. 764 lots
Pandolfini. Florence . Works on Paper - Prints. 22 lots
Dorotheum . Vienna. Modern and Contemporary Prints. 242 lots
Doyle New York. New York. Americana and Hunting Books from the Estate of Arnold "Jake" Johnson. 285 lots
Heritage Auctions. Dallas. U.S. Currency Weekly - Internet Bidstart 9/24. 510 lots
Heritage Auctions. Dallas. World Currency Weekly - Internet bidstart 9/24. 229 lots

Wed. Oct. 2nd
Bonhams. New York. Photographs. 154 lots
Dominic Winter Book Auctions. Gloucestershire. Printed Books, Maps and Documents. 429 lots
Aguttes. Neuilly-sur-Seine . Manuscripts and Autographs - Books. 285 lots
Mirabaud-Mercier Auctioneers. PARIS . Illustration - Collection of an Amateur. 378 lots
Binoche et Giquello. rue La Boetie, Paris. Books and Prints. 123 lots
Purcell Auctioneers. Birr. Irish Interest Book & Ephemera Auction. 689 lots
Rossini. Paris. Lithographs, Fine Art Prints. 175 lots
ALDE. Paris. Ancient and XIX Century Books - Paris. 416 lots
Christies. New York. Photographs. 299 lots
Grays Auctioneers. Cleveland, . Prints and Books. 21 lots
University Archives. Westport. Important Selection of Autographed Documents, Manuscripts, Books and Photos. 240 lots
Morton Subastas. México DF CP 11000. BOOK OF ART, LITERATURE AND MOTORING FROM THE COLLECTION OF MR. DON LORENZO ZAMBRANO. 269 lots

Thu. Oct. 3rd
Sothebys. New York. Photographs. 139 lots
Forum Auctions. London. Online Sale: Books and Works on Paper.
Potomack Company. Alexandria. Online Auction - Books, Prints. 156 lots
Dominic Winter Book Auctions. Gloucestershire. Photography: India, China, & the Far East, Documents & Ephemera. 300 lots
Ader. PARIS. Letters, Manuscripts and Autographs. 123 lots

Fri. Oct. 4th
Marc van de Wiele Auctions. Brugge. Rare Books. 1139 lots
Tessier & Sarrou and Associates. Paris. Posters. 247 lots
Heritage Auctions. New York. Photographs. 311 lots
Holabird Kagin Americana. Reno. October Auction - Day 1. 566 lots
Potomack Company. Alexandria. Online Auction: Robert McNamara Estate, and Diana Byfield McNamara Book Collection. 80 lots
Catawiki B. V.. LA Assen, . Old and Rare Books (Pre-1800) - Internet bidstart 9/27. 114 lots

Sat. Oct. 5th
Morphy Auctions. Denver. Automobilia and Petroliana. 1577 lots
Case Antiques, Inc.. Knoxville. Fall Discovery Auction - Books and Prints. 61 lots
John McInnis Auctioneers. Amesbury. A Collection of Maritime Antiques - Session 1. 103 lots
Trillium Antique Prints & Rare Books. Franklin. Fine Art - Antique Engravings & Lithographs - Works on Paper. 200 lots
Holabird Kagin Americana. Reno. October Auction - Day 2. 356 lots

Sun. Oct. 6th
Heritage Auctions. Dallas. Sunday Internet Sports Collectibles - Internet bidstart 9/8. 149 lots
John McInnis Auctioneers. Amesbury. A Collection of Maritime Antiques - Session 2. 31 lots
National Book Auctions. Ithaca. Books.
Holabird Kagin Americana. Reno. October Auction - Day 3. 621 lots
Catawiki B. V.. LA Assen, . Autographs and Manuscripts - Internet bidstart 9/27. 38 lots
Heritage Auctions. Dallas. Sunday Internet Movie Posters - bidstart 9/29.
Heritage Auctions. Dallas. Sunday Internet Comics - bidstart 9/29.

Bruce McKinney

RBH and AE

  • <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
    <b><center>Christie’s<br>Paul Destribats:<br>Une Bibliothèque des Avant-gardes<br>Part III<br>2-3 and 4 February 2021</b>
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Schedel (Hartmann). <i>Liber Chronicarum,</i> first edition, Nuremberg, Anton Koberger for Sebald Schreyer and Sebastian Kammermeister, 1493. £30,000 to £50,000.
    <b>Forum Auctions, Jan. 28:</b> [Greek Orthodox Church].- <i>Menaion,</i> manuscript in Greek, on paper, in Greek letters, [Eastern Mediterranean], [c. 1400]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> American Revolution.- Loyalist's cow powder horn, engraved with the cypher "GR" for George III surmounted by a crown, an inscription, and on reverse an engraving of the "North River" [Hudson River], 1777. £5,000 to £7,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Illuminated prayer book.- <i>Maria Carcer y Trigueros... Santa Misa y Oraciones,</i> illuminated manuscript in Spanish, on paper, [c. 1850]. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 28:</b> Hardy (Thomas). <i>The Mayor of Casterbridge,</i> 2 vol., first edition in book form, original cloth, 1886. £2,000 to £3,000.
    <b>Forum Auctions, Jan. 28:</b> [Austen (Jane)]. <i>Emma: A Novel,</i> first edition, Printed for John Murray, 1816. £7,000 to £10,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Brontë (Charlotte). <i>Jane Eyre. An Autobiography,</i> 3 vol., first edition, Smith, Elder and Co., 1847. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Cruikshank (George). <i>The Road to the Derby,</i> one of two proof copies, Raphael Tuck & Sons, 1882. £600 to £800.
    <b>Forum Auctions, Jan. 28:</b> Meunier (Charles, binder).- Gruel (Leon). <i>Manuel Historique et Bibliographique de l'Amateur de Reliures,</i> 2 vol., Paris, 1887.-1905. £3,000 to £4,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>28 January 2021</b>
    <b>Forum Auctions, Jan. 28:</b> Burne-Jones (Sir Edward). <i>The Work of Edward Burne-Jones,</i> edited by Philip Burne-Jones, one of 200 copies, [c.1900]. £4,000 to £6,000.
    <b>Forum Auctions, Jan. 28:</b> Nazraeli Press.- <i>Six by Six,</i> 36 vol. [a complete set], one of 100 sets, each with signed photograph, Portland, Or., 2010-16. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 28:</b> Australasia.- Péron (Francois) and Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £6,000 to £8,000.