Rare Book Monthly

Articles - September - 2012 Issue

Over a Quarter of a Million Books Sold at Larry McMurtry's "Last Book Sale"

The Last Book Sale.

The Last Book Sale.

One of the largest book auctions in recent memory took place in one of the smallest venues to ever see such an auction. Of course, this was no ordinary auction, but one of a large portion of the stock of noted bookseller and author Larry McMurtry's Booked Up shop in tiny Archer City, Texas. When the dust settled (there's lots of dust in this hot, dry, country near the Oklahoma border), between 250,000 and 275,000 books had changed hands. That's roughly 150 books for every resident of Archer City, but this does mean that these folks are unusually vociferous readers. Bidders came from all over the country to participate in what was as much an event for the book as a sale of them.

The Last Book Sale (a play on author McMurtry's The Last Picture Show) was not a going out of business sale. Mr. McMurtry will continue in the business, a remaining stock of some 150,000 titles still making Booked Up one of the larger shops in the country. However, at the age of 76, Mr. McMurtry determined this was an appropriate time to downsize a bit.

From the start, Mr. McMurtry and auctioneer Michael Addison plotted out a course different from the typical auction. Auctions can generally do a good job of selling a few hundred books, but they were faced with finding a way to sell 300,000 of them. As many booksellers can attest, that is no small challenge in these days of huge online inventories on listing sites, and more people reading electronic versions of books. Their conclusion was that The Last Book Sale needed to be an event, not just an auction. And so it was. There was a barbecue, a screening of a movie, and, of course, Mr. McMurtry's presence. He has always known how to attract a crowd. How else do you explain a large, successful book store in Archer City, Texas? As Mr. Addison explained, “An auction is supposed to be fun. Many people come to auctions for the fun of it but end up bidding and buying. I think that when people have fun, they feel less inhibited and more free to bid.”

We went to Mr. Addison to get an insider's look at what must be, at least so far, a prime contender for the title of most interesting book sale of this century. He graciously put down some recollections on what was an extremely busy, whirlwind of a weekend for both him and Mr. McMurtry. “At some point during the evening before the auction when everyone gathered in the Royal Theater for the BBQ and movie-screening,” he said, “everyone just had this sense that this was a significant event. There was almost an instant sense among the bidders, guests, and staff that they were all participating in something very special. As Larry McMurtry put it after about the first day of the sale, 'It's become an event that has transcended its literal purpose.'

“The first surprise was the overwhelming presence of the national media. I haven't been in a situation where I needed a staff member dedicated to PR, but I could have used someone like that in Archer City. It started during the preview period when, early on, the local news station sent out a film crew and did interviews with Mr. McMurtry and myself. Then the local paper took photos and did an interview. No problem. But Wednesday and especially Thursday, media converged on Archer City on a scale far beyond what I anticipated. The Houston Chronicle, the New York Times, the Dallas Morning News, media reporters from L.A., New York, and everywhere in between were surrounding Mr. McMurtry in Booked Up store number 1, and they were stopping me to ask questions and do brief interviews when they could keep up with me walking from building to building at a brisk pace. We were very appreciative of all of the attention and publicity. There were plenty of questions coming from every direction. Mostly the media was interested in what Mr. McMurtry had to say. Larry McMurtry really brings out the crowds and the media, no doubt about that.

“After the two-day auction, Larry and I were finally able to catch up with each other. I immediately noticed that his voice had become a bit rough from all of the interviews. He was tired as was I. However, he was also happy, visibly relieved though exhausted from all the goings on. I think the need to downsize had been a stress for him, the auction had been a stress for all of us, and he seemed quite happy that it not only was finished but was quite successful. We heard nothing but positive feedback from the guests. Everyone had a great time, and booksellers came in droves, from Powell's in Oregon to Between the Covers in New Jersey. However, the buyer who took the 'gold' for the most lots purchased was Eric Papenfuse of Midtown Scholar books out of Harrisburg, Pennsylvania.”

Mr. Addison noted that some bidders came to gather stock, but others just wanted a piece of the legendary store. He was particularly surprised to find several people interested in the four posters he had printed at Office Depot several weeks earlier. They were put up for sale and brought in around $200 each. “Locals told me that this was the largest crowd they had ever seen in Archer City. When The Last Picture Show cast returned to film Texasville, there were crowds, but according to the local folks I spoke with, our auction crowd was much larger. By the last day of the sale, we had about 200 registered bidders, and most of them brought guests. Aside from the auction bidders and guests, people came by the dozens just to shop in Building number 1, which was open for shopping. In all, I would say between 400 and 600 people came to Archer City for the sale; some stayed for days, some stayed for a couple of hours.”


Posted On: 2012-09-01 00:00
User Name: zbooks

For a first-hand account of the sale see my essay on the American Book Collecting Blog: www.bookcollectinghistory.com It will give you the flav


Posted On: 2012-09-02 00:00
User Name: scientiabk

80 cents a volume is a success?


Posted On: 2012-09-02 00:00
User Name: scientiabk

80 CENTS a volume is a success?


Rare Book Monthly

  • 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€
  • Swann, May 15: Lot 4: Helena Bochoráková-Dittrichová, Z Mého Detství Drevoryty, Prague: Obzina, 1929. First trade edition, signed by the artist. $4,000 to $6,000.
    Swann, May 15: Lot 10: Nancy Cunard, Negro Anthology, with a tipped-in A.L.S. to Karl Marx's niece, 1934. First edition. $3,000 to $5,000.
    Swann, May 15: Lot 14: Margaret Fuller, Woman in the Nineteenth Century, 1845. First edition. $4,000 to $6,000.
    Swann, May 15: Lot 17: Lorraine Hansberry, A Raisin in the Sun, inscribed first edition, 1959. $2,000 to $3,000.
    Swann, May 15: Lot 28: Margaret Hill Morris, Private Journal Kept during a Portion of the Revolutionary War, for the Amusement of a Sister, 1836. First edition. $3,000 to $4,000.
    Swann, May 15: Lot 38: Anna Sewell, Black Beauty: The Autobiography of a Horse, 1877. First edition. $3,000 to $5,000.
    Swann, May 15: Lot 43: Gertrude Stein, Portrait of Mabel Dodge at the Villa Curonia, signed presentation copy with photograph of Stein, 1912. First edition. $8,000 to $12,000.
    Swann, May 15: Lot 48: Virginia Woolf, To the Lighthouse, first edition in the scarce dust jacket, 1927. $6,000 to $8,000.
    Swann, May 15: Lot 54: Katherine Dunham, large archive of material from her attorney, 1951-53. $20,000 to $30,000.
    Swann, May 15: Lot 55: Margaret Fuller Signed Autograph Letter, New York City, 1846. $3,000 to $5,000.
    Swann, May 15: Lot 92: Sonia Delaunay, illus. & Tristan Tzara, Juste Present, deluxe edition with original gouache, 1961. $20,000 to $25,000.
    Swann, May 15: Lot 93: Flor Garduño, The Sonnets of Shakespeare, 2006. Limited edition. $6,000 to $8,000.
  • 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

Article Search

Archived Articles

Ask Questions