Rare Book Monthly

Articles - June - 2018 Issue

What is my book worth? It depends

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What is an out-of-print book worth? It depends where you look.

What is my book worth?  It depends who you ask.

 

A few days ago, I received an email from a Swiss rare book dealer who questioned why a book such as Alan Mann’s 2012, A Life of Chance, is priced on Abebooks from CHF 900 to CHF 2,986, on Amazon from $790 to $2,015 and on eBay new for $140 while the original price in 2012 was $79.50.  On waterstones.com website it’s listed at BP55 but shown to be out-of-stock.

 

Here is how Waterstones describes it:

 

Alan Mann was one of the great motor racing team managers of the 1960s. A successful race driver himself, he played a key role in Ford's 'Total Performance' programme, preparing and running iconic cars like Ford Falcons, Mustangs, Cobras, GT40s, Cortinas and Escorts for racing and rallying and building the sensational Ford F3L sports-prototype and monster Can-Am racers. His drivers included star names like Frank Gardner, Graham Hill, Denny Hulme, Bruce McLaren, Jackie Stewart and John Whitmore. This is his personal story of one of the most exciting eras of motor sport.

 

In looking for this book on May 29th here is what I found.

 

On Amazon, a single used copy offered for BP979.70.

 

On Abe [abebooks.com] there were two offers.  One is for $145.15 plus $44.18 shipping.  The other is $1,153.40 with free shipping in the US.

 

On eBay there is a single new copy offered from Australia for $139.57 plus $37.73 shipping.

 

In the Online Computer Library Catalog [OCLC] of more than 39,000 libraries there is a single copy which includes the name of the publisher:  Motor Racing Publications Ltd.  I went to their website to order a copy but none are available.

 

Finally, in Rare Book Hub Transaction History there are no auction records as the book is simply too new.

 

So what do we have here?  Nonsense.

 

The answer is that it depends on the day and hour you search and don’t believe everything you read on line.

 

There are software programs that price artificially high when there are either no copies or other copies already priced high.  That doesn’t make the book valuable, only difficult to find at a fair price.  As the book was initially published at $79.95 I expect, in time, some less expensive copies will be posted.  As to when, I can’t say.


Posted On: 2018-06-03 23:53
User Name: mikefromco

Similar Story---Happier Ending!!?
We were pricing a copy of People Care by Dick Thom (2005) in December---and noticed that Amazon only listed four copies--- at prices from $1,200 to $2,600. This was an 82 page trade paperback, which told EMTs how to do the impossible in their jobs (death notifications, etc).
Important...but $1,200? No.
Further research showed a second edition(2012), identical to the first with 7 added chapters, at prices from $145-$375. We priced ours at $29.95, and had two orders in 10 minutes. Probably "dealers" using book arbitrage software.
Several days later, we located the publisher, via LINKEDIN, and discovered that a third edition was imminent, and would be priced at $20. So we waited until 30 days after our Amazon "customer-dealer" had received the book, and posted negative product reviews on the 1st and 2nd editions---with directions how to get the 3rd edition for $20.
Yet as of June 3, Amazon lists 14 copies of the first edition(2005) from $22.64 to $3,099, 6 copies of the second edition(2012) from $48.92 to $64.94, and 2 (possibly 4) used copies of the third edition (2018) at $220---even though a new copy of the third edition is available for $14 with free shipping!
Cloud cuckoo land has reached the book trade!!?


Posted On: 2018-06-13 17:03
User Name: Fattrad1

Amazing, twice in one month that you are correct. This book is not "seasoned", it is still in the collections of the original purchasers, my guess, likely a $20 book.


Rare Book Monthly

  • <b>Swann Auction Galleries:</b> Luis de Lucena, <i>Arte de Ajedres,</i> first edition of the earliest extant manual on modern chess, Salamanca, circa 1496-97. Sold for $68,750.
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    <b>Swann Auction Galleries:</b> Gustav Klimt, <i>Das Werk,</i> Vienna & Leipzig, 1918. Sold for $106,250.
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    <b>Swann Auction Galleries:</b> Russell H. Tandy, <i>The Secret in the Old Attic,</i> watercolor, pencil & ink, 1944. Sold for $35,000.
    <b>Swann Auction Galleries:</b> Ernest Hemingway, <i>Three Stories & Ten Poems,</i> first edition of the author's first book, Paris, 1923. Sold for $23,750.
    <b>Swann Auction Galleries:</b> Walker Evans, <i>River Rouge Plant,</i> silver print, 1947. Sold for $57,500.
  • <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Ernst, Max. <i>Mr. Knife and Miss Fork</i>. Paris, 1932. DELUXE EDITION. Sold for $15,625
    <b>Bonhams, June 12 results:</b> Cage, John. Autograph musical leaf from his Concert for Piano and Orchestra, NY, 1958. Sold for $18,750
    <b>Bonhams, June 12 results:</b> Cage, John. Autograph musical leaf from his Concert for Piano and Orchestra, NY, 1958. Sold for $18,750
    <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Einstein, Albert. Signed Passport Photo for his US citizenship application. Bermuda, 1935. Sold for $17,500
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    <b>Bonhams: September 25, New York</b>
    <b>Bonhams, June 12 results:</b> Morelos y Pavon, Jose Maria. Autograph letter signed to El Virrey Venegas, February 5, 1812. Sold for $6,250
    <b>Bonhams, June 12 results:</b> Milne, A.A. Complete set of <i>Winnie-the-Pooh</i> books. 4 volumes. All first issue points. London, 1924-1928. Sold for $5,250
    <b>Bonhams, June 12 results:</b> A 48-star American Flag, battle worn flown at Guadalcanal and Peleliu, 1942-1944. Sold for $35,000
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  • <b>19th Century Shop:</b> Charles Darwin on sexuality and the transmission of hereditary characteristics: Autograph Letter Signed to Lawson Tait. Down, 17 January [1877].
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