Emotionally Satisfying Investments: Works on Paper
- by Bruce E. McKinney
For books, manuscripts, maps and ephemera: price change over 100 years
Arnoud Gerits, the President of ILAB, the International League of Antiquarian Booksellers, was interviewed recently in the Hong Kong Economic Times and mentioned that book collecting should be understood as a passion, not an investment. He’s quoted on book collecting:
“ILAB does not recommend buying books as a financial investment.” “Don’t buy them as an investment: it is the wrong angle to look at books. Buy them because you love books, you love a subject..."
Is he suggesting it’s not possible to both love books and buy them as investments? Book collectors certainly believe their books are investments.
I thought it was common knowledge and so decided to contact collectors to see if their perspectives have changed. They haven’t. They still view and apparently always have viewed, these purchases as investments, albeit ones that mature slowly and are often pursued for ancillary benefits. They did not go into collecting expecting to be buried in their books and do not expect it now. In fact, I haven’t found a single collector who subscribes to the “abandon hope all yea who enter here” approach implicit in the “don’t buy them as investments” idea. Dealers always expect to make profits and Mr. Gerits seems to be saying collectors should not. Collectors choose to invest in books because they have a passion for them, but they do not buy them believing they are costume jewelry. They view them as long-term investments and over all but the last five years they have been.
Swann, June 12: Lot 3: Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000.
Swann, June 12: Lot 3: Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000.
Swann, June 12: Lot 8: Invoice to the Town of Boston for advertising pre-revolutionary content in the Boston Post Boy, manuscript document, Boston, July 1768. Estimate $5,000 to $7,500.
Swann, June 12: Lot 13: Clairac and Nicola, L'Ingenieur de Campagne; or, Field
Swann, June 12: Lot 81: Journals of Major Robert Rogers . . . of the Several Excursions he Made . . . upon the Continent of North America, London, 1765. Estimate $4,000 to $6,000.
Swann, June 12: Lot 99: Photograph albums and papers from the family of W.G. Fargo, photo albums containing 442 photographs, 1865-88. Estimate $3,000 to $4,000.
Swann, June 12: Lot 112: Isaac Leeser, Discourses on the Jewish Religion, 10 volumes, Philadelphia: Sherman & Co., 1866-1868. Estimate $6,000 to $9,000.
Swann, June 12: Lot 176: Frederick Douglass, Narrative of the Life of Frederick Douglass, an American Slave, Boston, 1845. Estimate $4,000 to $6,000.
Swann, June 12: Lot 190: Thomas Hariot, Admiranda narratio fida tamen, de commodis et incolarum ritibus Virginiae, 1590. Estimate $25,000 to $35,000.
Swann, June 12: Lot 200: Correspondence of a regimental cavalry commander in Wyoming and Utah, July 1865 to February 1866. Estimate $4,000 to $6,000.
Swann, June 12: Lot 226: Maturino Gilberti, Vocabulario en lengua de Mechuacan / Aqui comienca el vocabulario en la lengua Castellana y Mechuacana, 1559. Estimate $8,000 to $12,000.
Sotheby's Bibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby's Bibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby’s, June 5-19: Bissière, Roger. Cantique à notre frère soleil de saint François. 1954. 1,000 - 1,500 EUR
Sotheby’s, June 5-19: Céline, Louis-Ferdinand. La vie & l’œuvre de Philippe Ignace Semmelweis. 1924. Rare édition originale, avec envoi. Joint : La Quinine en thérapeutique, 1925. 4,000 - 6,000 EUR
Sotheby’s, June 5-19: Céline, Louis-Ferdinand. Mort à crédit. 1936. Édition originale. Bel exemplaire sur Hollande. 2,500 - 3,500 EUR
Sotheby's Bibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby’s, June 5-19: Chillida, Eduardo ─ Emil Cioran. Face aux instants. 1985. Un des 100 exemplaires sur Arches. Eau-forte signée. 600 - 800 EUR
Sotheby’s, June 5-19: Dubuffet, Jean. Ler dla canpane. L’Art Brut, 1948. Édition originale. 3,000 - 5,000 EUR
Sotheby’s, June 5-19: Dubuffet, Jean. L'Herne Jean Dubuffet. 1973. Un des 100 exemplaires du tirage de luxe avec une sérigraphie originale en couleurs. 1,000 - 1,500 EUR
Gros & Delettrez Livres & Manuscrits Arméniens Jeudi 12 juin 2025 Paris, Francis
Gros & Delettrez Livres & Manuscrits Arméniens Jeudi 12 juin 2025 Paris, Francis
Gros & Delettrez, June 12: BIBLE, Venise 1733, reliure arménienne
Gros & Delettrez, June 12: CHARAKNOTS, manuscrit XVIIe-XVIIIe siècle
