Rare Book Monthly

Articles - December - 2015 Issue

The Royal Institution is Selling Some of Its Iconic Books: Is this a Bad Thing?

The Royal Institution. Photo: Royal Institution / T Mitchell.

There is an auction sale taking place this first day of December that is notable for more than the material offered, though it is certainly special. It is its source that is notable, a source of some controversy, though not nearly what it once would have caused. Institutional deaccessioning, once dependably controversial, is less so today. Reality sets in.

 

The Royal Institution, for over 200 years a supporter of scientific research and a repository of its findings, has found itself in some financial difficulties over the past decade. The Institution undertook some significant projects in its Mayfair (London) building during the first decade of this century. It's an enormous building that has been around since the group's founding in 1799, so some upgrades are occasionally necessary. It was an expensive project, leaving the Institution with more debt than it could handle. The result was it had to seriously consider selling its building a few years ago.

 

Fortunately, the Royal Institution's home was saved by an anonymous gift of £4.4 million. However, that still leaves it with £2 million needing to be repaid. The trustees reached the conclusion that the best way to handle the remaining debt load would be to sell some of the books in its collection. Additionally, they will be making some space in their building available for rent to bring in additional income. The trustees selected 85 items from their collection, which they described as "non-core heritage items." The material is estimated to be worth £750,000 (approximately $1,150,000).

 

The highlight is a copy of Vesalius' De humani corporis fabrica libri septem. Published in 1543, it has been called "the most famous anatomical work ever published,...and the milestone in all medical history." Vesalius reached his conclusions based on dissecting the human body. That may sound obvious today, but was a radical idea at the time. Galen, then the authority, made his observations by dissecting the bodies of animals. This book is estimated to sell for £140,000 - £220,000 ($214,760 - $337,480). It also explains what is "non-core" for the Royal Institution. It has specific, extensive collections, most notably that of Michael Faraday. Faraday was the 19th century physicist who conducted all sorts of experiments with electricity. He did much of his work at the Royal Institution. Recently, the Institution purchased 30 Faraday letters to add to its collection.

 

Some scientists raised objections. Sir Andre Geim, winner of the Nobel prize for physics, was reported to have said the Royal Institution should reconsider a suggestion made a couple of years earlier to merge with the Royal Society instead. However, for the most part, the reaction seems to have been subdued. A few years ago, the idea of selling off significant books from an institutional collection likely would have generated widespread outrage. Today, there is greater understanding that sometimes practical financial concerns must trump preserving every last item within such a collection.

 

The Royal Institution explained its decision in a statement from its Chairman, saying, "The Ri is committed to preserving and promoting our unique scientific legacy. We believe that taking these necessary steps will provide a strong foundation from which to safeguard our core heritage collection - the Faraday Museum and Archive Collection - and continue our vital work across all of our charitable programmes for the benefit of future generations."

 

From a collecting standpoint, this is not the worst of news. Certainly, there is disappointment in seeing public-spirited if not publicly owned institutions dispersing cultural icons. For so many years, institutions have built up and preserved great collections of historical material. However, in so doing, they have made some of the best items virtually unavailable to private collectors, while driving up the prices of the few examples that are left in circulation. Making the finest material extremely expensive if not unobtainable is not the best way to encourage collecting. Perhaps there are worse things that can happen to historic works than to see a few examples come out of rarely used institutional collections and into the hands of collectors who will truly cherish having them for some brief period of time, and then turning them over to the next generation of collectors to share in that experience.

Rare Book Monthly

  • 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
  • Bid on iGavelAuctions.com: Heller, Joseph, Closing Time, Advance Readers Copy of Uncorrected Proof with a letter from Heller on his personal stationary
    Bid on iGavelAuctions.com: Gates, Bill, How to Avoid a Climate Disaster, N Y: Knopf, 2021; first edition, with a handwritten note from Bill Gates
    Bid on iGavelAuctions.com: Heller, Joseph, Catch-22, New York: Simon & Schuster, 1961, first edition, first printing, first issue dust jacket, inscribed on the front end paper by Heller
    Bid on iGavelAuctions.com: Heller, Joseph, Something Happened, New York: Alfred A. Knopf, 1974, first edition, inscribed on the front end paper by Heller
    Bid on iGavelAuctions.com: Austen, Jane, Northanger Abbey and Persuasion, London: John Murray, 1818, in four volumes
  • Manuscript Masterpieces from the Schøyen Collection
    London auction, 11 June
    BROWSE NOW
    Christie’s, Explore now: The Holkham Hebrew Bible. In Hebrew, decorated manuscript on vellum [Toledo, 2nd quarter 13th century]. £1,500,000–3,000,000
    Christie’s, Explore now: The Crosby-Schøyen Codex. In Coptic, manuscript on papyrus [Upper Egypt, middle 3rd century / 4th century]. £2,000,000–3,000,000
    Christie’s, Explore now: The Geraardsbergen Bible. In Latin, illuminated manuscript on vellum [Southern Netherlands, late 12th century]. £700,000–1,000,000
    Christie’s, Explore now : Jean de Courcy (fl. 1420). The Chronique de la Bouquechardiere. In French, illuminated manuscript on vellum [Paris, c.1480]. £200,000–300,000
    Christie’s, Explore now: The ‘Catherine de Medici’ Hours. In Latin and French, illuminated manuscript on vellum [Paris, c.1485]. £120,000–180,000
  • Freeman’s | Hindman, June 6: MELVILLE, Herman (1819-1891). Moby-Dick; or, The Whale. FIRST AMERICAN EDITION, IN THE BAL FIRST BINDING. $12,000 - $18,000.
    Freeman’s | Hindman, June 6: PUZO, Mario (1920-1999). The Godfather. FIRST EDITION, PROOF COPY in wrappers. SIGNED BY PUZO. $3,000 - $5,000.
    Freeman’s | Hindman, June 7: HUGHES, Langston. Scottsboro Limited. 1932. FIRST EDITION, LIMITED ISSUE. INSCRIBED BY HUGHES TO NOEL SULLIVAN. $6,000 - $8,000.
    Freeman’s | Hindman, June 7: HOMANN, Johann Baptist, HOMANN HEIRS, and Georg Matthäus SEUTTER. [Composite Atlas]. [maps dated between 1728-1765]. $30,000 - $40,000.

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