Subsequent sales used the same catalogues with new prices in code
The re-sales worked this way.
All Items bought by the ring were offered in a first re-auction. Those items for which no further advance was offered were declared the property of the initial high bidder. Where there were higher bids control of the item shifted from the original named buyer to the new owner. This ownership in turn was then potentially contested in the second re-auction. For those items for which no higher bids were offered the second round owner then won the lot. Items receiving higher bids became the property of the new winner who then was required to submit their items to one more round of bidding. In the final round all high bids were declared winners and the ring bidding ended. In this way items that brought a pittance in the public auction rose, in many cases, to astronomical levels during the succession of re-auctions, in one case realizing 60 times what it brought in the public sale.
Members of the ring then divided all monies paid in excess of the original winning bids equally for the first two rounds to all participants and then among continuing bidders in the final two rounds. For those who participated through to the final round the prize was £470 pounds each [roughly equal to a year’s income at that time for most dealers] intended to buy their silence. For participants in the first two rounds their take was £165.
This may not at that time have been illegal but it was certainly immoral. No doubt, many of these ring member’s prior generations had sold the Foleys some of their books.
Later accusations and recriminations would breach the silence out after a few of the ring participants concluded others in the group had acted dishonestly. Shocking!
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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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
RareBookBuyer.com Specialized in Purchasing
Institutional Collections & Deacccessioned Books
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
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
