Rare Book Monthly

Articles - September - 2012 Issue

Free or Nearly Free: Great Finds that Cost $0 or Next to $0 & Sell for a Great Deal More

The ethics of good fortune

Quite a few sellers had comments on the ethics of good fortune:

Wrote one California on-line bookseller, “I really liked (and copied) one suggestion way back when I was new – ‘if you find something really great at a library sale then go ahead and add a ‘donation’ to the amount you pay for it (which has the side benefit of offsetting the sometimes negative opinions FOL volunteers have of book dealers).”


In her view, “As professionals, our goal should be to pay a ‘fair price’ for our inventory - that is, one that allows us to make a good profit, but not one that takes undue advantage of less knowledgeable people ....”


“The same thing is true in bookstores,” she went on, “a seller whom I considered a friend sold me something cheaply - he was trying to give me a good deal; but it was just too good.

“I tried to pay him more when I realized the current market value. He refused. I gave him some reference books; he gave me a bigger discount on my next purchase. I bought more books; he gave me a still bigger discount.

We basically spent the next two years trying to give each other something to balance things out.”

An ephemera specialist on the West Coast had a similar sentiment: Not only does she “split the take” if something she acquires inexpensively sells rapidly, she recommends going even farther: “If someone just gives me a bunch of books that they need to unload and don't want money for it, I cook them a meal, take them to dinner (or in one case, throw a party for departing friends), or otherwise reciprocate appropriately. No good deed should go unrewarded.”


Don’t kiss and tell

At least a few sellers weren’t too keen about discussing this subject at all. Their sentiments were, in the words of one Oklahoma specialist: “One doesn't kiss and tell.”

Another New Englander sounded the same note. He wrote: “First off, it gets peoples’ hopes up, and suddenly every piece of c--p old book which should be sold for a nickel becomes a valuable treasure, and that's just plain hopeless. Secondly, every single bookseller worth his salt has dozens, if not hundreds, of stories like this. A lot of these stories involve books bought from other booksellers. It's not always the brightest thing to brag about buying a book in someone's shop for ten bucks and then selling it for $20,000.”


The final word

The final word went to a gentleman in Chicago: “Not being a bookseller it seems to me that these ‘great find’ stories are a form of pep talk - a little motivational oomph to spice what can be a fairly routine job. I wouldn't worry too much about the occasional great find story serving to alert ‘civilians’; "Antiques Road Show" has already done that. There is enough talk of disappointing sales, one cent booksellers and unfair competition that a bit of morale-boosting war story sharing isn't out of place.”

----------------

AE writer Susan Halas can be reached at wailukusue@gmail.com.

Rare Book Monthly

  • Jeschke Jadi
    Auction 151
    Saturday, April 27, 2024
    Jeschke Jádi, Apr. 27: Lot 546. Christoph Jacob Trew. Plantae selectae, 1750-1773.
    Jeschke Jádi, Apr. 27: Lot 70. Thomas Murner. Die Narren beschwerung. 1558.
    Jeschke Jádi, Apr. 27: Lot 621. Michael Bernhard Valentini. Museum Museorum, 1714.
    Jeschke Jadi
    Auction 151
    Saturday, April 27, 2024
    Jeschke Jádi, Apr. 27: Lot 545. Sander Reichenbachia. Orchids illustrated and described, 1888-1894.
    Jeschke Jádi, Apr. 27: Lot 1018. Marinetti, Boccioni, Pratella Futurism - Comprehensive collection of 35 Futurist manifestos, some of them exceptionally rare. 1909-1933.
    Jeschke Jádi, Apr. 27: Lot 634. August Johann Rösel von Rosenhof. 3 Original Drawings, around 1740.
    Jeschke Jadi
    Auction 151
    Saturday, April 27, 2024
    Jeschke Jádi, Apr. 27: Lot 671. Jacob / Picasso. Chronique des Temps, 1956.
    Jeschke Jádi, Apr. 27: Lot 1260. Mary Webb. Sarn. 1948. Lucie Weill Art Deco Binding.
    Jeschke Jádi, Apr. 27: Lot 508. Felix Bonfils. 108 large-format photographs of Syria and Palestine.
    Jeschke Jadi
    Auction 151
    Saturday, April 27, 2024
    Jeschke Jádi, Apr. 27: Lot 967. Dante Aligheri and Salvador Dali. Divina Commedia, 1963.
    Jeschke Jádi, Apr. 27: Lot 1316. Tolouse-Lautrec. Dessinateur. Duhayon binding, 1948.
    Jeschke Jádi, Apr. 27: Lot 1303. Regards sur Paris. Braque, Picasso, Masson, 1962.
  • Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Winston Churchill. The Second World War. Set of First-Edition Volumes. 6,000 USD
    Sotheby’s, Available Now: A.A. Milne, Ernest H. Shepard. A Collection of The Pooh Books. Set of First-Editions. 18,600 USD
    Sotheby’s, Available Now: Salvador Dalí, Lewis Carroll. Alice's Adventures in Wonderland. Finely Bound and Signed Limited Edition. 15,000 USD
    Sotheby’s
    Modern First Editions
    Available for Immediate Purchase
    Sotheby’s, Available Now: Ian Fleming. Live and Let Die. First Edition. 9,500 USD
    Sotheby’s, Available Now: J.K. Rowling. Harry Potter Series. Finely Bound First Printing Set of Complete Series. 5,650 USD
    Sotheby’s, Available Now: Ernest Hemingway. A Farewell to Arms. First Edition, First Printing. 4,200 USD
  • Doyle, May 1: Thomas Jefferson expresses fears of "a war of extermination" in Saint-Dominigue. $40,000 to $60,000.
    Doyle, May 1: An exceptional presentation copy of Fitzgerald's last book, in the first issue dust jacket. $25,000 to $35,000.
    Doyle, May 1: The rare first signed edition of Dorian Gray. $15,000 to $25,000.
    Doyle, May 1: The Prayer Book of Jehan Bernachier. $10,000 to $15,000.
    Doyle, May 1: Van Dyck's Icones Principum Virorum Doctorum. $10,000 to $15,000.
    Doyle, May 1: The magnificent Cranach Hamlet in the deluxe binding by Dõrfner. $7,000 to $10,000.
    Doyle, May 1: A remarkable unpublished manuscript of a voyage to South America in 1759-1764. $3,000 to $5,000.
    Doyle, May 1: Bouchette's monumental and rare wall map of Lower Canada. $12,000 to $18,000.
    Doyle, May 1: An rare original 1837 abolitionist woodblock. $8,000 to $12,000.
    Doyle, May 1: An important manuscript breviary in Middle Dutch. $15,000 to $25,000.
    Doyle, May 1: An extraordinary Old Testament manuscript, circa 1250. $20,000 to $30,000.
  • Leland Little, Apr. 26: First Edition of Piccolomini's De La Sfera del Mondo (The Sphere of the World), 1540.
    Leland Little, Apr. 26: First Edition of Vellutello's Commentary on Petrarch, With Map, 1525.
    Leland Little, Apr. 26: Finely Bound Definitive, Illustrated Edition of I Promessi Sposi, 1840.
    Leland Little, Apr. 26: Rare First Edition of John Milton's Latin Correspondence, 1674.
    Leland Little, Apr. 26: Giolito's Edition of Boccaccio's The Decamerone, with Bedford Binding, 1542.
    Leland Little, Apr. 26: First Edition of the First Biography of Marie of the Incarnation, with Rare Portrait, 1677.
    Leland Little, Apr. 26: First Aldine Edition of Volume One of Cicero's Orationes, 1540.
    Leland Little, Apr. 26: First Edition of Bonanni's Illustrated Costume Catalogue, with Complete Plates, 1711.
    Leland Little, Apr. 26: An Important Incunable, the First Italian Edition of Josephus's De Bello Judaico, 1480.
    Leland Little, Apr. 26: First Edition of Jacques Philippe d'Orville's Illustrated Book of the Ruins of Sicily, 1764.
    Leland Little, Apr. 26: An Incunable from 1487, The Contemplative Life, with Early Manuscript.
    Leland Little, Apr. 26: Ignatius of Loyola's Exercitia Spiritualia, 1563.

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