AE has updated its “Trends in Book Auction Prices” providing evidence the muted recovery, as measured by median lot realizations, that took hold in March 2009 continues to find traction today. The median lot value in April was $369, up from the low of $350 made in April 2010 but far below the high of $482 achieved in March 2008. These results suggest the market will continue to recover at a modest rate for at least another year.
Some distortion in the numbers may be due to more material being diverted into the rooms. If a dealer’s sales are soft the ready option is always to send expendables into the rooms. Probably weighing down prices overall is the increasing volume of material on offer. This past April close to a hundred sales took place. Five years ago this was an unthinkable number.
At the same time the houses seem to be requiring lower reserves if not estimates. The business makes money north of 70% and the 12-Month Moving Average of Sell Through is now reflecting a 2% decline from the previous 70%. The rate of sale is probably the most crucial metric for a house in determining its strategy.
Within these statistics there is another story, the relationship between auction and dealer sales. We have no hard data on dealer sales but believe that auction hammer prices [to which auction commission must be added] are barely 50% of dealer retails before discounts.
Taken together, this is probably what the recovery in the rare book trade looks like in a world economy that takes its temperature every 24 hours and keeps asking “Am I okay?”
Leland Little, May 21: Signed Artist Proof of the Monumental G.O.A.T.: A Tribute to Muhammad Ali.
Leland Little, May 21: Assorted Rare Publications Related to H.P. Lovecraft, Including The Recluse Signed by Vincent Starrett.
Leland Little, May 21: Two Issues of The Vagrant, Including the First Appearance of H.P. Lovecraft's "Dagon" in Number Eleven.
Leland Little, May 21: Rare First Printing of Anne of Green Gables, With ALS from the Author.
Leland Little, May 21: First Edition of Hemingway's The Old Man and the Sea, In First Issue Jacket.
Leland Little, May 21: The Limited Paumanok Edition of The Complete Writings of Walt Whitman.
Leland Little, May 21: Beautifully Bound Limited Flaubert Edition of The Works of Guy de Maupassant.
Leland Little, May 21: First Edition of Bonaparte's Celebrated American Ornithology, With Spectacular Hand-Colored Plates.
Leland Little, May 21: A Rare Complete Set of Jardine's The Naturalist's Library, With Hand-Colored Plates.
Leland Little, May 21: Invitation to the Lincoln-Johnson National Inaugural Ball, March 4th, 1865.
Leland Little, May 21: A Scarce Inscribed First Edition of James Baldwin's Nobody Knows My Name.
Leland Little, May 21: Picasso's Le Goût du Bonheur, Limited Edition.
Sotheby's Sell Your Fine Books & Manuscripts
Sotheby’s: The Shem Tov Bible, 1312 | A Masterpiece from the Golden Age of Spain. Sold: 6,960,000 USD
Sotheby’s: Ten Commandments Tablet, 300-800 CE | One of humanity's earliest and most enduring moral codes. Sold: 5,040,000 USD
Sotheby’s: William Blake | Songs of Innocence and of Experience. Sold: 4,320,000 USD
Sotheby’s: The Declaration of Independence | The Holt printing, the only copy in private hands. Sold: 3,360,000 USD
Sotheby's Sell Your Fine Books & Manuscripts
Sotheby’s: Thomas Taylor | The original cover art for Harry Potter and the Philosopher's Stone. Sold: 1,920,000 USD
Sotheby’s: Machiavelli | Il Principe, a previously unrecorded copy of the book where modern political thought began. Sold: 576,000 GBP
Sotheby’s: Leonardo da Vinci | Trattato della pittura, ca. 1639, a very fine pre-publication manuscript. Sold: 381,000 GBP
Sotheby’s: Henri Matisse | Jazz, Paris 1947, the complete portfolio. Sold: 312,000 EUR
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Pietro Aquila, Psyche and Proserpina,1690. Starting price 140€
Gonnelli: Jacques Gamelin, Memento homo quia pulvis es et in pulverem reverteris, 1779. Starting price 300€
Gonnelli: Giorgio Ghisi, The final Judgement, 1680. Starting price 480€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli Goya y Lucientes Francisco, Los Proverbios.1877. Starting price 1000 €
Gonnelli: Domenico Peruzzini, Long bearded old man, 1660. Starting price 2200€
Gonnelli: Enea Vico, Leda and the Swan,1542. Starting price 140€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Andrea Del Sarto [school of], San Giovanni Battista, 1570. Starting price 25000€
Gonnelli: Carlo Maratta, Virgin Mary and Jesus, 1660. Starting Price 1200€
Gonnelli: Louis Brion de La Tour, Sphére de Copernic Sphere de Ptolemée / Le Systême de Ptolemée. Le Systême de Ticho-Brahe…, 1766. Starting price 180€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Marc’Antonio Dal Re, Ville di Delizia o Siano Palaggi Camparecci nello Stato di Milano Divise in Sei Tomi Con espressevi le Piante…, Tomo Primo, 1726. Starting price 7000€
Gonnelli: Katsushika Hokusai, Bird on a branch, 1843. Starting price 100€
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Th. McKenney & J. Hall, History of the Indian tribes of North America, 1836-1844. Est: €50,000
Ketterer, May 26:Biblia latina vulgata, manuscript on thin parchment, around 1250. Est: €70,000
Ketterer, May 26: M. Beckmann, Fanferlieschen Schönefüßchen, 1924. Est: €10,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: A. Ortelius, Theatrum orbis terrarum, 1574. Est: €50,000
Ketterer, May 26: M. S. Merian, Eurcarum ortus, alimentum et paradoxa metamorphosis, 1717-18. Est: €6,000
Ketterer, May 26:PAN, 9 volumes, 1895-1900. Est: €12,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Breviarium Romanum, Latin manuscript, 1474. Est: €15,000
Ketterer, May 26: Quran manuscript from the Saadian period, Maghreb, 16th century. Est: €10,000
Ketterer, May 26: E. Hemingway, The old man and the sea, 1952. First edition in first issue jacket. Presentation copy. Est: €3,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Flavius Vegetius Renatus, De re militari libri quatuor, 1553. Est: €3,000
Ketterer, May 26: K. Marx, Das Kapital, 1867. Est: €30,000
Ketterer, May 26: Brassaï, Transmutations, 1967. Est: €6,000
![Gonnelli: Andrea Del Sarto [school of], San Giovanni Battista, 1570. Starting price 25000€](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/dc0b1dc0-f7c8-40b6-a5a6-870689484c07.jpg "<b>Gonnelli:</b> Andrea Del Sarto [school of], San Giovanni Battista, 1570. Starting price 25000€")
