Auction Update Review

Rare Book Hub: 41 Auctions Archived, another 44 Upcoming this Week

For the week ended Friday 18 October 2019 41 auctions were archived to the Rare Book Hub Transaction Database; 1 denominated in Australian Dollars, 1 in Mexican pesos, 14 in euros, and 25 in US dollars.  Turnover was $10,904,600 as 17,897 lots were offered and 11,679 sold for a slim 65% success rate.  Eleven sales struggled to reach a 60% sell-through.  It is becoming imperative for auctions to post all lot details 25 days in advance of sale to ensure the interested have time to find and evaluate material.

 

4 auctions saw total proceeds reach a million dollars: 


Heritage AuctionsIllustration Art on October 15th: $2,712,698 
Swann GalleriesClassic and Contemporary Photographs on October 17th: $1,519,936 
RR AuctionSpace and Aviation - Internet bidstart 10/10 on October 17th: $1,428,809 
Kiefer Buch und KunstauktionenGraphics modern and ancient Arts, Antiques on October 12th: $1,008,944 


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

Catawiki B. V.Old and Rare Books (Pre-1700) - Internet bidstart 9/27 on October 7th: 201.77% 
Marc van de Wiele AuctionsRare Books on October 5th: 110.86% 
Bruun RasmussenPrints on October 15th: 108.34% 
Case Antiques, Inc.Fall Discovery Auction - Books and Prints on October 5th: 102.30% 
Heritage AuctionsIllustration Art on October 15th: 100.34% 


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

Leland Little AuctionsOctober Gallery Sale - Books, Prints on October 12th: 100.00% 
Heritage AuctionsThe MAD Collection of Annie Gaines Ashton Online Auction on October 17th: 100.00% 
Heritage AuctionsSunday Internet Sports Collectibles - Internet bidstart 9/15 on October 13th: 100.00% 
Heritage AuctionsSunday Internet Comics - bidstart 10/6 on October 13th: 99.90% 
Heritage AuctionsWorld Currency Weekly - Internet bidstart 10/8 on October 15th: 99.48% 
Heritage AuctionsU.S. Currency Weekly - Internet Bidstart 10/8 on October 15th: 99.43% 
Heritage AuctionsSunday Internet Movie Posters - bidstart 10/6 on October 13th: 98.73% 
Alaska AuctionBooks, Prints on October 17th: 97.30% 
Alaska AuctionPrints, Books on October 16th: 94.03% 
Heritage AuctionsIllustration Art on October 15th: 93.10% 
Bruun RasmussenPrints on October 15th: 91.38% 
Catawiki B. V.Old and Rare Books (Pre-1600) - Internet bidstart 9/27 on October 8th: 90.00% 
Trillium Antique Prints & Rare BooksFine Art - Antique Engravings & Lithographs - Works on Paper on October 12th: 88.00% 
John McInnis AuctioneersKennedy Relations on October 13th: 86.81% 
Catawiki B. V.Old and Rare Books (Pre-1800) - Internet bidstart 10/4 on October 11th: 83.97% 
Catawiki B. V.Old and Rare Books (Pre-1700) - Internet bidstart 9/27 on October 7th: 83.02% 
Winter AssociatesBlack Americana, Nautical, etc. on October 14th: 82.98% 
Case Antiques, Inc.Fall Discovery Auction - Books and Prints on October 5th: 81.97% 
Cowans AuctionsAmerican History Timed Online Auction - bidstart 9/26 on October 7th: 80.77% 

 

Top 25 Lots Reported This Past Week.
  1. Heritage Auctions Child of the Sun paperback cover, 1972 on October 15th Actual price: USD $495,000.
  2. Heritage Auctions The Chessmen of Mars book dust jacket, 1922 on October 15th Actual price: USD $150,000.
  3. Galerie Bassenge Die Eclogen on October 17th Actual price: USD $109,224.
  4. Heritage Auctions MAD #1 Gaines File Pedigree (EC, 1952) CGC NM/MT 9.8 White pages. on October 17th Actual price: USD $96,000.
  5. Swann Galleries Cuzco Children, Peru, December. on October 17th Actual price: USD $93,750.
  6. Heritage Auctions Pin-Up in Turquoise Bikini, Simoniz car polish advertisement, circa 1960 on October 15th Actual price: USD $81,250.
  7. Heritage Auctions Hero of Coffin Creek, Spicy Western Stories cover, June 1937 on October 15th Actual price: USD $75,000.
  8. Kiefer Buch und Kunstauktionen Handbibliothek eines Kunsthändlers, ca. 130 lfd. Meter mit ca. 3500 bis 4000 Bänden nicht gezählt, überw. im 20. Jhdt. erschienen. Schwerpunkt Werkverzeichnisse, Kunst und Künstler. on October 12th Actual price: USD $54,612.
  9. Heritage Auctions The Ark of the Covenant, Air Wonder Stories cover, August 1929 on October 15th Actual price: USD $53,750.
  10. Heritage Auctions The Haunted Wood, Arthur Rackham's Book of Pictures interior illustration, 1913 on October 15th Actual price: USD $51,250.
  11. Heritage Auctions Martini Time, 1935 on October 15th Actual price: USD $50,000.
  12. Heritage Auctions Game of Thrones book dust jacket, 2000 on October 15th Actual price: USD $48,750.
  13. Heritage Auctions Check and Double Check (Now Don't Get Me in a Corner), 1946 on October 15th Actual price: USD $47,500.
  14. Heritage Auctions Kelly Freas MAD #67 Cover Original Art (EC, 1961). on October 17th Actual price: USD $45,600.
  15. Heritage Auctions I've Been Spotted (Lasting Impression), 1956 on October 15th Actual price: USD $45,000.
  16. RR Auction Gemini Attitude and Rotational Hand Controller on October 17th Actual price: USD $43,751.
  17. Swann Galleries Gestapo informer recognized by a woman she had denounced, Dessau, Germany. on October 17th Actual price: USD $42,500.
  18. Heritage Auctions There's No Stopping Her! Film Fun cover, May 1936 on October 15th Actual price: USD $42,500.
  19. Heritage Auctions The Great God Harris, Spicy-Adventure Stories cover, December 1940 on October 15th Actual price: USD $40,000.
  20. Kiefer Buch und Kunstauktionen Für Joseph Beuys. Dreissig internationale Künstler unserer Zeit ehren Joseph Beuys. on October 12th Actual price: USD $38,228.
  21. RR Auction Dave Scott's Lunar Orbit-Flown Apollo 15 CSM Launch Checklist on October 17th Actual price: USD $37,500.
  22. RR Auction Gene Cernan's Apollo 17 Flown CSM Updates on October 17th Actual price: USD $34,371.
  23. Galerie Bassenge Brief 1918 mit 2 Holzschnitten on October 16th Actual price: USD $30,037.
  24. Marc van de Wiele Auctions Allégorie de la Rhétorique on October 5th Actual price: USD $29,138.
  25. Swann Galleries The North American Indian, Portfolio II [Apache, Pima, Pagago, and Mohave]. on October 17th Actual price: USD $27,500.



41 total sales reported this week:

Alaska Auction. Books, Prints on October 17th: 97.30%
Alaska Auction. Prints, Books on October 16th: 94.03%
John McInnis Auctioneers. Kennedy Relations on October 13th: 86.81%
Case Antiques, Inc.. Fall Discovery Auction - Books and Prints on October 5th: 81.97%
Michael Treloar. Travel and exploration, militaria, history of medicine, photographs and autographs. on October 12th: 72.41%
Winter Associates. Black Americana, Nautical, etc. on October 14th: 82.98%
RR Auction. Space and Aviation - Internet bidstart 10/10 on October 17th: 67.54%
Swann Galleries. Classic and Contemporary Photographs on October 17th: 67.60%
Morton Subastas. Morton Weekly:- Posters, Prints, Books on October 12th: 19.05%
Clars Auction Gallery. Prints and Photographs on October 13th: 78.69%
Clars Auction Gallery. Prints and Photographs on October 12th: 76.60%
One Of Kind Collectibles. Rare Autographs,Manuscripts, Sports, Books and Photography on October 10th: 78.26%
Cowans Auctions. American History Timed Online Auction - bidstart 9/26 on October 7th: 80.77%
Holabird Kagin Americana. October Auction - Day 4 on October 7th: 49.22%
Holabird Kagin Americana. October Auction - Day 3 on October 6th: 52.66%
Holabird Kagin Americana. October Auction - Day 2 on October 5th: 42.70%
Holabird Kagin Americana. October Auction - Day 1 on October 4th: 40.28%
Binoche et Giquello. ALEXANDRE TRAUNER (1906-1993) AND HIS ENTOURAGE: PHOTOGRAPHS, DECORATIONS, DOCUMENTS on October 16th: 71.38%
Marc van de Wiele Auctions. Rare Books on October 5th: 79.81%
Galerie Bassenge. Modern Literature and Art Documentation on October 17th: 44.48%
Galerie Bassenge. Autographs on October 16th: 52.46%
Galerie Bassenge. Literature and Book Illustrations on October 15th: 47.90%
Galerie Bassenge. Manuscripts and Old Prints on October 15th: 64.53%
Galerie Bassenge. Valuable Books (Varia) on October 15th: 44.92%
Galerie Bassenge. History, Geography and Travel Books on October 15th: 57.70%
Heritage Auctions. The MAD Collection of Annie Gaines Ashton Online Auction on October 17th: 100.00%
Bruun Rasmussen. Prints on October 15th: 91.38%
Kiefer Buch und Kunstauktionen. Graphics modern and ancient Arts, Antiques on October 12th: 47.33%
Heritage Auctions. Monthly Photographs Online - bidstart 9/26 on October 16th: 66.13%
Heritage Auctions. U.S. Currency Weekly - Internet Bidstart 10/8 on October 15th: 99.43%
Leland Little Auctions. October Gallery Sale - Books, Prints on October 12th: 100.00%
Heritage Auctions. Illustration Art on October 15th: 93.10%
Heritage Auctions. World Currency Weekly - Internet bidstart 10/8 on October 15th: 99.48%
Heritage Auctions. Sunday Internet Sports Collectibles - Internet bidstart 9/15 on October 13th: 100.00%
Catawiki B. V.. Old and Rare Books (Pre-1800) - Internet bidstart 10/4 on October 11th: 83.97%
Catawiki B. V.. Old and Rare Books (Pre-1600) - Internet bidstart 9/27 on October 8th: 90.00%
Catawiki B. V.. Old and Rare Books (Pre-1700) - Internet bidstart 9/27 on October 7th: 83.02%
Catawiki B. V.. Autographs and Manuscripts - Internet bidstart 9/27 on October 6th: 76.32%
Heritage Auctions. Sunday Internet Comics - bidstart 10/6 on October 13th: 99.90%
Trillium Antique Prints & Rare Books. Fine Art - Antique Engravings & Lithographs - Works on Paper on October 12th: 88.00%
Heritage Auctions. Sunday Internet Movie Posters - bidstart 10/6 on October 13th: 98.73%

 


For the week ahead 44 sales are scheduled:

Mon. Oct. 21st
Catawiki B. V.. LA Assen, . Old and Rare Books (Pre-1700) - Internet bidstart 10/11. 53 lots
Bruun Rasmussen. Copenhagen. Prints. 58 lots
Ader. PARIS. Post-War Prints.

Tue. Oct. 22nd
Christies. New York. Prints and Multiples. 215 lots
Morton Subastas. México DF CP 11000. Books and Documents, Photographs and Prints. 256 lots
Doyle New York. New York. Prints and Multiples. 168 lots
Doyle New York. New York. Bank Notes. 32 lots
Rossini. Paris. Books, Autographs, Postcards. 335 lots
Artcurial. Paris. Outsider(s) - A History of Beautiful Losers. 103 lots
Heritage Auctions. Dallas. U.S. Currency Weekly - Internet Bidstart 10/15. 638 lots
Heritage Auctions. Dallas. World Currency Weekly - Internet bidstart 10/15. 225 lots
Catawiki B. V.. LA Assen, . Old and Rare Books (Pre-1600) - Internet bidstart 10/11. 22 lots

Wed. Oct. 23rd
Chiswick Auctions. London. Books and Works on Paper. 423 lots
Bonhams. London. Natural History, Travel and Americana featuring the Dodge Family Autograph Collection. 321 lots
PIASA. Paris. Daniel Varenne Collections - Illustrated Books, Books, and Documentation. 337 lots
Beaussant Lefevre. Paris. JEAN-CLAUDE DELAUNEY COLLECTION - ANCIENT AND MODERN BOOKS. 127 lots
Heritage Auctions. Dallas. Historical Manuscripts Featuring the Bret J. Formichi American Civil War Rarities Collection. 493 lots
Lion Heart Autographs. New York, NY . 150 MAGNIFICENT AUTOGRAPHS – INCLUDING HISTORY OF ISRAEL COLLECTION – NO BUYERS’ PREMIUM. 149 lots
Sothebys. London. THE SHAKERINE COLLECTION: Calligraphy in Qur’ans and other Manuscripts. 93 lots

Thu. Oct. 24th
Aste Bolaffi. Turin. Posters - Online. 310 lots
PBA Galleries. San Francisco. Americana - Yosemite - Travel & Exploration - World History - Cartography. 381 lots
Swann Galleries. New York. Early Printed, Travel, Scientific & Medical Books. 254 lots
ALDE. Paris. Modern Illustrated Books and Original Bindings. 313 lots
Forum Auctions. London. Forum @ Artsy: Colour Theory. 72 lots
Heritage Auctions. Dallas. Estate of John and Elaine Steinbeck Manuscripts. 36 lots
Sothebys. New York. Prints and Multiples - Prints. 66 lots
Bogota Auction. Bogota. Rare Books. 208 lots

Fri. Oct. 25th
Nosbüsch & Stucke. Berlin. Books - Part 1: Modern Literature, Erotica and Posters. 589 lots
De Baecque and Associes. Lyon. Prints. 114 lots
Jeschke van Vliet Auctions Berlin GmbH. Berlin-Schoneberg. Modern and Contemporary Art - Modern Photography. 342 lots
Nosbüsch & Stucke. Berlin. Books - Part 2: Modern Art, Graphics and Photography. 284 lots
Christies. New York. Fine Printed Books & Manuscripts including Americana. 152 lots
Mirabaud-Mercier Auctioneers. PARIS . Portraits of Stars: Photographs and Souvenirs. 389 lots
Catawiki B. V.. LA Assen, . Old and Rare Books (Pre-1800) - Internet bidstart 10/18. 128 lots

Sat. Oct. 26th
Trillium Antique Prints & Rare Books. Franklin. Fine Art - Antique Engravings & Lithographs - Works on Paper. 200 lots
Kolbe and Fanning Numismatic Booksellers. Gahanna. George F. Kolbe Library Sale. 430 lots
Nosbüsch & Stucke. Berlin. Books - Part 3: Valuable Books, Autographs and Prints. 500 lots
Nosbüsch & Stucke. Berlin. Books - Part 4: Science, Natural History and Curiosities. 46 lots
North American Auction Company. Bozeman. Montana Antiques. 121 lots
Sothebys. New York. Important Prints and Multiples. 233 lots

Sun. Oct. 27th
Heritage Auctions. Dallas. Sunday Internet Sports Collectibles - Internet bidstart 9/29. 200 lots
Heritage Auctions. Dallas. Sunday Internet Comics - bidstart 10/20.
Heritage Auctions. Dallas. Sunday Internet Movie Posters - bidstart 10/20.
Catawiki B. V.. LA Assen, . Autographs and Manuscripts - Internet bidstart 10/18. 27 lots

Bruce McKinney

RBH and AE

  • Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Winston Churchill. The Second World War. Set of First-Edition Volumes. 6,000 USD
    Sotheby’s, Available Now: A.A. Milne, Ernest H. Shepard. A Collection of The Pooh Books. Set of First-Editions. 18,600 USD
    Sotheby’s, Available Now: Salvador Dalí, Lewis Carroll. Alice's Adventures in Wonderland. Finely Bound and Signed Limited Edition. 15,000 USD
    Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Ian Fleming. Live and Let Die. First Edition. 9,500 USD
    Sotheby’s, Available Now: J.K. Rowling. Harry Potter Series. Finely Bound First Printing Set of Complete Series. 5,650 USD
    Sotheby’s, Available Now: Ernest Hemingway. A Farewell to Arms. First Edition, First Printing. 4,200 USD
  • Bonhams, Mar. 22 – Apr. 2: A RUTH BADER GINSBURG BEADED JUDICIAL COLLAR. $80,000 - $120,000
    Bonhams, Mar. 22 – Apr. 2: ONLY KNOWN COPY OF THE ONLY BOOK BY THE REMARKABLE EVE ADAMS. $8,000 - $12,000
    Bonhams, Mar. 22 – Apr. 2: A COMPLETE RUN OF VISIONAIRE MAGAZINE THROUGH 2010. $6,000 - $9,000
    Bonhams, Mar. 22 – Apr. 2: LAW REVIEW OFFPRINT SIGNED AND INSCRIBED BY RUTH BADER GINSBURG. $3,000 - $5,000
    Bonhams, Mar. 22 – Apr. 2: META REBNER'S WORKING SCRIPT OF THE LOVED ONE. $1,500 - $2,000
    Bonhams, Mar. 22 – Apr. 2: A KATHY GROVE PORTRAIT OF CYNDI LAUPER FOR THE FEBRUARY 1989 DETAILS COVER. $800 - $1,200
    Bonhams, Mar. 22 – Apr. 2: A PLASTIC COAT BY MILLIE DAVID FEATURED IN SOHO NEWS STYLE SECTION, FROM THE COLLECTION OF ANNIE FLANDERS. $500 - $700
    Bonhams, Mar. 22 – Apr. 2: A RUTH BADER GINSBURG JEWELRY BOX. $600 - $900
    Bonhams, Mar. 22 – Apr. 2: A SET OF JONI MITCHELL LYRICS FOR "IF I HAD A HEART." $2,000 - $3,000
  • 19th Century Shop
    Catalogue 198 just published
    19th Century Shop. Darwin and Wallace, first printing of the first paper on natural selection
    19th Century Shop. Shakespeare’s Poems, first collected edition
    19th Century Shop. Walt Whitman portrait inscribed with a Leaves of Grass poem
    19th Century Shop. Major Elizabeth Barrett Browning manuscript notebook
    19th Century Shop. Spock's Baby Book, original MS
    19th Century Shop. Cellarius, Harmonia Macrocosmica, the great celestial atlas
  • Potter & Potter Auctions
    How History Unfolds on Paper:
    Choice Selections from the Eric C. Caren Collection
    Part IX
    April 18, 2024
    Potter & Potter, Apr. 18: [RUTH, George Herman “Babe” (1895-1948)]. Signed photograph. Circa 1930s. 191 x 248 mm. $1,500 to $2,500.
    Potter & Potter, Apr. 18: HARRISON, Benjamin. Document signed (“Benj Harrison”) as governor of Virginia, certifying the service of Daniel Cumbo, a Black Revolutionary soldier. $6,000 to $9,000.
    Potter & Potter, Apr. 18: ONE OF THE FIRST PRINTED ANNOUNCEMENTS OF THE DECLARATION OF INDEPENDENCE. $4,000 to $6,000.
    Potter & Potter Auctions
    How History Unfolds on Paper:
    Choice Selections from the Eric C. Caren Collection
    Part IX
    April 18, 2024
    Potter & Potter, Apr. 18: FIRST PRINTING OF LINCOLN’S IMMORTAL GETTYSBURG ADDRESS. $4,000 to $6,000.
    Potter & Potter, Apr. 18: HIGHLY IMPORTANT MORMON ARCHIVE. ALLEY, George. Archive of 23 Autograph Letters Signed by Mormon Convert George Alley to His Brother Joseph Alley. $10,000 to $20,000.
    Potter & Potter, Apr. 18: [AVIATION]. [ARMSTRONG, Neil A.] Aviation Hall of Fame Gold Medal MS64 NGC, Awarded to Neil Armstrong in 1979. $2,000 to $3,000.
    Potter & Potter Auctions
    How History Unfolds on Paper:
    Choice Selections from the Eric C. Caren Collection
    Part IX
    April 18, 2024
    Potter & Potter, Apr. 18: NEWLY DISCOVERED FIRST PRINTING OF "WITH MALICE TOWARDS NONE... " FROM THE ONLY NEWSPAPER ACTUALLY ALLOWED TO PARTICIPATE IN LINCOLN’S SECOND INAUGURAL PROCESSION. $4,000 to $8,000.
    Potter & Potter, Apr. 18: THE MOST IMPORTANT GEORGE WASHINGTON DOCUMENT IN PRIVATE HANDS; GEORGE WASHINGTON’S COMMISSION AS COMMANDER IN CHIEF, 1775, ONE OF ONLY TWO ORIGINALS. $150,000 to $250,000.
    Potter & Potter, Apr. 18: A VERY RARE ACCOUNT OF BLACKBEARD’S DEATH AND ONE OF THE MOST IMPORTANT PIRATE ITEMS EXTANT. $3,000 to $5,000.
    Potter & Potter Auctions
    How History Unfolds on Paper:
    Choice Selections from the Eric C. Caren Collection
    Part IX
    April 18, 2024
    Potter & Potter, Apr. 18: EDISON, Thomas. Patent for Edison’s Improvements on the Electric-Light, No. 219,628. [Washington, D.C.: U.S. Patent Office], 16 September 1879. $2,000 to $3,000.
    Potter & Potter, Apr. 18: [VIETNAM WAR]. The original pen used by Secretary of State William P. Rogers to sign the Vietnam Peace Agreement, Paris, 27 January 1973. $10,000 to $15,000.
    Potter & Potter, Apr. 18: SONS OF LIBERTY FOUNDER COLONEL BARRÉ ANNOTATED TITLE-PAGE, “WHICH OUGHT TO ROUSE UP BRITISH ATTENTION”. $4,000 to $6,000.
  • Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: [Langland (William)]. The vision of Pierce Plowman, nowe the seconde time imprinted..., Roberte Crowley, 1550. £8,000 to £10,000.
    Forum Mar. 28: [Shakespeare (William)]. [Comedies, Histories, and Tragedies], second folio edition, [by Tho.Cotes, for Robert Allot], [1632]. £30,000 to £40,000.
    Forum Mar. 28: Bible, Czech Biblia Bohemica, first complete Bible printed in the Czech vernacular, Prague, August 1488. £30,000 to £40,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Shabthai Tzvi.- Collection of four printed and illustrated broadsides detailing the appearance, rise and fall of the false messiah, Shabthai Tzvi, Augsburg, 1666-67. £40,000 to £60,000.
    Forum Mar. 28: Leaf from the Beauvais Missal, in Latin, illuminated manuscript on parchment, [Northern France (perhaps Beauvais or Amiens)], [fourteenth century (c.1310)]. £4,000 to £6,000.
    Forum Mar. 28: Aubrey (John). [Remaines of Gentilisme and Judaisme], manuscript in English, Latin and Greek, [c. 1693]. £30,000 to £50,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: Byron (George Gordon Noel, Lord). Poems on Various Occasions, first edition, Harriet Maltby's copy, Newark, Printed by S. & J. Ridge, 1807. £30,000 to £40,000.
    Forum Mar. 28: Tolkien (J.R.R.) The Hobbit, first edition, second impression with dust-jacket, 1937 [but 1938]. £7,000 to £10,000.
    Forum Mar. 28: Blake (William).- Thornton (Robert John). The Pastorals of Virgil, 2 vol., engraved plates by William Blake, 1821. £8,000 to £12,000.
    Forum Auctions
    Books, Manuscripts and Works on Paper
    28th March 2024
    Forum Mar. 28: America.- Mount (William J.) & Thomas Page. The English Pilot…, [bound with] The Fourth Book, describing The West Indies Navigation from Hudson's-Bay to the River Amazones, 1721. £20,000 to £30,000.
    Forum Mar. 28: Oldfield (Henry Ambrose), Rajman Singh Chitrakar & others. An album of 160 photographs and 13 original artworks, (1833-1919), [c. 1850s-1880s]. £20,000 to £30,000.
    Forum Mar. 28: Audubon (John James) [and William MacGillivray]. Ornithological Biography…, 5 vol., first edition, presentation copy inscribed by Audubon, Edinburgh, 1831-49 [i.e. 1831-39]. £10,000 to £15,000.