Rare Book Monthly

Articles - July - 2011 Issue

A Book Still Worth Reading:  Anatomy of an Auction

Three hundred years of book collecting

Three hundred years of book collecting

By many accounts the auctioneers enjoyed a strong reputation and did not blunder altogether.  They disposed of the estate’s paintings, furniture and real estate effectively while failing badly with the books.  The printed holdings they were charged to sell were the culmination of three hundred years of collecting by the Foley family that had intermittently exercised extraordinary judgment in their acquisitions.  A financially pressed nineteen-year-old heir ordered the estate dispersed in 1919 and failed badly in his choice of auctioneers.  He is not blameless.

The auction house then failed to appreciate what they was entrusted to sell and then failed again to guard against the English rare book trade that was known upon occasion to organize itself as a ring, to steal libraries at auction book by book by inviting potential bidders into a conspiracy to limit the public auction bidding.  Their lure was the opportunity to share in gains on the public prices achieved in the post-auction ring auctions conducted immediately following the public sale.  Participants would receive both a share of those gains and also have the opportunity to bid on all items now removed from public view.  In this sale the ring purchased 447 of 641 items and by all accounts the bulk of the valuable material.

The books were highly unusual, most very old, many unique.  Resources were at hand to establish values and the auctioneers would have known about them.  Book Auction Prices, an English publication, had published annual volumes since 1903.  Castiglione & Scott’s failure to consult or worse yet, possibly to willfully ignore them, would amount to dereliction.  Auction houses then as now were responsible for understanding what they were selling and explaining it clearly.  They failed to do this.  Subsequent to the sale it would be uncovered that the publishers of these records, Henry Stevens, Sons & Stiles, themselves dealers, were ring members.  In their next annual edition of Book Auction Records [1920] they omitted any reference to the sale.

Rare Book Monthly

  • Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: William Shakespeare.
    The Poems and Sonnets of William Shakespeare, 1960. 7,210 USD
    Sotheby’s: Charles Dickens.
    A Christmas Carol, First Edition, 1843. 17,500 USD
    Sotheby’s: William Golding.
    Lord of the Flies, First Edition, 1954. 5,400 USD
    Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: Lewis Carroll.
    Through the Looking Glass and What Alice Found There, Inscribed First Edition, 1872. 25,000 USD
    Sotheby’s: J.R.R. Tolkien.
    The Hobbit, First Edition, 1937. 12,000 USD
    Sotheby’s: John Milton.
    Paradise Lost, 1759. 5,400 USD
  • High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Ellis Smith Prints unsigned. 20” by 16”.
    High Bids Win, Dec. 24 – Jan. 9: United typothetae of America presidents. Pictures of 37 UTA presidents 46th annual convention United typothetae of America Cincinnati 1932.
    High Bids Win, Dec. 24 – Jan. 9: Henri de Toulouse-Lautrec signed Paper Impressionism Art Prints. MayMilton 9 1/2” by 13” Reine de Joie 9 1/2” by 13”.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: Aberle’ Ballet editions. 108th triumph, American season spring and summer 1944.
    High Bids Win, Dec. 24 – Jan. 9: Puss ‘n Boots. 1994 Charles Perrult All four are signed by Andreas Deja
    High Bids Win, Dec. 24 – Jan. 9: Specimen book of type faces. Job composition department, Philadelphia gazette publishing company .
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: An exhibit of printed books, Bridwell library.
    High Bids Win, Dec. 24 – Jan. 9: A Connecticut Yankee in King Arthur Court By Mark Twain 1889.
    High Bids Win, Dec. 24 – Jan. 9: 1963 Philadelphia Eagles official program.
    High Bids Win
    Rare Books, Catalogs, Magazines
    and Machine Manuals
    December 24 to January 9
    High Bids Win, Dec. 24 – Jan. 9: 8 - Esquire the magazine for men 1954.
    High Bids Win, Dec. 24 – Jan. 9: The American printer, July 1910.
    High Bids Win, Dec. 24 – Jan. 9: Leaves of grass 1855 by Walt Whitman.
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    RareBookBuyer.com
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    Institutional Collections & Deacccessioned Books
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    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide
    RareBookBuyer.com
    Specialized in Purchasing
    Institutional Collections & Deacccessioned Books
    RareBookBuyer.com
    We Buy Librairies & Rare Books Nationwide

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