• <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Hottot (Robert). <i>French explorer and collector.</i> An original illustrated manuscript diary by Hottot of his expedition along the Congo River to Lake Chad, 1908-1909, £700-1,000
    <b>Dominic Winter, Oct. 12:</b> Japan. Ino Tadataka (after), Kokugun Zenzu (Complete Atlas of Japan), 2 volumes, circa 1838, £500-800
    <b>Dominic Winter, Oct. 12:</b> Khatib al-Tibrizi (Muhammad b. 'Abd Allah). <i>Mishcat-ul-masabih</i> or a collection of the most authentic traditions, regarding the actions and sayings of Muhammed; 2 volumes, Calcutta, 1809-1810, £1,500-2,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Roberts (David). <i>The Holy Land, Syria, Idumea, Arabia, Egypt & Nubia,</i> 1st quarto edition, 6 volumes in 3, London: Day & Son, 1855-56, £2,000-3,000
    <b>Dominic Winter, Oct. 12:</b> Tocqueville (Alexis de). <i>De la Démocratie en Amérique,</i> volumes 1 & 2 (of 4), 1st edition, Paris: Charles Gosselin, 1835, £2,000-3,000
    <b>Dominic Winter, Oct. 12:</b> Torquemada (Juan de). <i>Primera[-tercera] parte de los veinte i un libros rituales i monarchia Indiana,</i> 3 volumes, 2nd edition, Madrid: Nicolas Rodriguez Franco, 1723, £2,000-3,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> Donovan (Edward). <i>The Natural History of British Insects,</i> 16 volumes bound in 8, London: F and C Rivington, 1793-1813, £1,500-2,000
    <b>Dominic Winter, Oct. 12:</b> Fuchs (Leonhart). <i>New Kreüterbuch,</i> 1st edition in German, Basel: Michael Isingrin, 1543, £7,000-10,000
    <b>Dominic Winter, Oct. 12:</b> Spain & Portugal. Ptolemy (Claudius), <i>Secunda Europe Tabula,</i> Rome [1478 - 1509], £1,000-2,000
    <center><b>Dominic Winter<br>October 12th<br>Printed Books, Stamps & Documents, Maps, Travel & Exploration
    <b>Dominic Winter, Oct. 12:</b> World. Gill (Macdonald), <i>La Carta del Atlantico,</i> George Philip & Son Ltd in collaboration with the Time and Tide Publishing Company Ltd, circa 1943, £1,500-2,000
    <b>Dominic Winter, Oct. 12:</b> Vinegar Bible [English]. <i>The Holy Bible, Containing the Old Testament and the New,</i> Oxford: John Baskett, 1717/1716, £700-1,000
    <b>Dominic Winter, Oct. 12:</b> Mill (John Stuart). <i>The Subjection of Women,</i> 1st edition, presentation copy, London: Longmans, Green, Reader, and Dyer, 1869, £700-1,000
  • <center><b>Swann Auction Galleries<br>Early Printed Books<br>October 13, 2022
    <b>Swann October 13:</b> Miguel de Cervantes, <i>The History of Don-Quichote (Quixote), The First & Second Part,</i> London, 1620. $30,000 to $40,000
    <b>Swann October 13:</b> Jacques Lagniet, <i>Recueil des Plus Illustres Proverbes, Divisés en Trois Livre,</i> first edition, Paris, 1657-63. $25,000 to $35,000.
    <b>Swann October 13:</b> William Shakespeare, <i>Comedies, Histories, and Tragedies,</i> fourth folio, London, 1685. $60,000 to $80,000.
    <b>Swann October 13:</b> Ramon Llull, <i>Liber de Ascensu et Decensu Intellectus,</i> first edition, Valencia, 1512. $5,000 to $7,000.
    <b>Swann October 13:</b> Geoffrey Chaucer, <i>The Workes of Geffray Chaucer Newlye Printed,</i> London, 1542. $30,000 to $50,000.

Rare Book Monthly

Articles - February - 2017 Issue

Auction Prices for Books and Paper Rose 1.5% in 2016

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Prices at auction for lots in the book and paper field inched up 1.5% in 2016. In a year that was most notable for looking essentially like the year before, the median price rose from $266 to $270. The average price dropped an infinitesimal $19 from $2,030 in 2015 to $2,011 in 2016. That represents a decline of less than one-tenth of one percent. For reasons explained in the footnote below*, median price is a better gauge of the market than average.

 

Even a small increase will be welcome news to those in the trade. It's well known that book prices have been under pressure, with last year experiencing a 7% decline. That came after several years of recovery following the recession of 2008. Last year's performance brought us back to prices roughly equivalent to 2013, well above those of 2008-9, but still lower than 2007.

 

It should be noted that the field of collecting is changing, with greater numbers of related paper items – manuscripts, maps, prints, photographs – appearing in "book" auctions today. Likewise, many dealers have expanded their inventory to include these items. Our numbers do not break out books vs. other forms of paper so we cannot say precisely what has happened to book prices alone, but the slight decline in lots offered in the field in 2016, combined with the growing presence of other forms of paper, shows a modest decline in the number of books being sold at traditional auctions this past year.

 

There was a modest decline in lots offered in the field, and a small drop in the sell-through rate as well. Lots offered declined by 17,000 to 406,000, 4% fewer than in 2015. Of these, 295,000 sold. That represents a sell-through rate of 72.7%, off slightly from 73.4% the previous year. The price range of those sold lots was virtually identical to 2015. Those sold in the $0-$250 range represented 48% of the total, down from 49%, those priced $251-$1,000 were 31%, up from 30%, while those priced $1,000 and above were 21%, the same as before.

 

Sales above the high estimate regularly come in greater than sales below the low estimate, and that was true again in 2016. However, the ratio between the two barely moved from the previous year. In 2015, 59% of the lots sold for above the high estimate, 22% below the low estimate. In 2016, 58% sold above the high estimate, 23% below the low estimate. Once again, 19% were estimated right. You might think auction houses are deliberately underestimating prices. However, if you consider lots unsold as being the equivalent of those selling for under the low estimate, a fair comparison, the ratio looks very different. In this case, only 42% sold above the high estimate, while 44% "sold" for less than the low estimate. The balance was just about right.

 

The fourth quarter of the year has always been the busiest season at auction, but not this time. For the first time since we have been monitoring sales early in this century, the second quarter was as busy as the fourth. However, November remains the most active month for sales. Thirteen percent of all sales took place in November. At the other end of the spectrum, August is traditionally the slowest month, and that was true again in 2016, with only 4% of lots sold in that late summer month.

 

The highest median price was achieved at Christie's London-King Street, where the midpoint was $9,763. This was the first time in a while that no location reached a median in five figures. The top spots, as usual, were dominated by Christie's and Sotheby's, who only handle the most exclusive of material. For those on a more limited budget, numerous houses had medians under $100. In America, National Book provides a large number of budget-priced lots, in Paris there's Vermot de Pas, in Brussels Ferraton. And there is always the classic Lancaster Mennonite Historical Society auctions where you could have purchased half the lots for under $14.

 

This report, along with last month's account of the Top 500 prices paid at auction, completes our review of 2016. For a look at the Top 500, click here.

 

 

*We use median price, the price at which 50% of the lots sold for more, and 50% sold for less, rather than average price as the average can be skewed by a very small number of extremely high priced items. For example, if the Old South Church of Boston had sold its copy of the Bay Psalm Book, which sold for $14 million, in 2016 instead of 2013, it alone would have added $47 to the average of every book sold, resulting in an increase in the average price of $28, instead of a decrease of $19.

Rare Book Monthly

  • <b><center>Gonnelli Auction House<br>Books, Autographs & Manuscripts<br>11th-12th of October 2022
    <b>Gonnelli Oct. 11th:</b> Alfieri Vittorio, <i>Vita [...] scritta da esso,</i> 1968. Starting Price: €900,00.
    <b>Gonnelli Oct. 11th:</b> Collection of 25 albumin photographs depicting Italian, French and Swiss places. Late 19th century.
    <b>Gonnelli Oct. 11th:</b> Brandolini D’Adda Brandolino, Duale. <i>Poesia [...] e incisioni di Sandro Martini,</i> 1976.
    <b>Gonnelli Oct. 11th:</b> Alighieri Dante, <i>La divina commedia di Dante</i> edizione illustrata da 30 fotografie tolte da disegni di Scaramuzza, 1879. Starting Price: €500,00.
    Gonnelli Oct. 12th: Cervantes Saavedra Miguel (de), <i>El Ingenioso Hidalgo Don Quixote de la Mancha.</i> Nueva edicion corregida por la Real Academia Española, 1780. Starting price: €12.000,00.
    <b>Gonnelli Oct. 11th:</b> Collodi Carlo, <i>Le avventure di Pinocchio. Storia di un burattino,</i> 1883. Starting price: €6.000,00.
    <b>Gonnelli Oct. 11th:</b> Wilde Oscar, <i>The Picture of Dorian Gray [...]</i> with original images & notes on the text by Jim Dine, 1968. Starting price: €1.500,00
    <b>Gonnelli Oct. 11th:</b> The smallest tarot cards in the world. 21st century.
  • <center><b>Doyle<br>Rare Books, Autographs & Maps<br>October 13, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 109. Miguel de Cervantes. <i>The History of Don-Quichote. The first parte.</i> London: William Stansby for Edward Blount, 1620. $60,000 to $90,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 43. Franklin Delano Roosevelt. <i>Addresses of Franklin D. Roosevelt and Winston Churchill.</i> Washington: The White House, Christmastide, 1942. $15,000 to $25,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 113. Charles Darwin. A collection of 26 titles including <i>On the Origin of Species.</i> $10,000 to $12,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 210. Philip Guston. Important correspondence between Philip Guston and Ralph and Martha Hyams. New York, 1967-76. $20,000 to $30,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 26. John F. Kennedy and Marilyn Monroe. Signed guest book and original photos from the May 19, 1962 reception. $40,000 to $60,000.
    <center><b>Doyle<br>Rare Books, Autographs & Maps<br>October 13, 2022</b>
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 194. J.R.R. Tolkien. <i>The Lord of the Rings Trilogy.</i> London: George Allen and Unwin, 1954-1954-1955. $12,000 to $18,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 164. Max Beerbohm. Autograph Manuscript for The Happy Hypocrite, circa 1896. $8,000 to $12,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 158. Mark Twain. <i>The Writings.</i> Hartford: American Publishing Company, 1899-1907. The Autograph Edition. $7,000 to $10,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 150. Lady Dilke. <i>French Painters of the XVIIIth Century.</i> London: George Bell, 1899. First edition. $3,000 to $5,000.
    <b>Doyle, Rare Books, Autographs & Maps:</b> Lot 200. Ludwig Bemelmans. Original sketch of Madeline, ink and gouache. $4,000 to $6,000.
  • <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> JOYCE, James. <i>Ulysses.</i> London: John Lane the Bodley Head, 1937. PRESENTATION COPY OF THE FIRST ENGLISH EDITION PRINTED IN ENGLAND. $50,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> [SHACKLETON, Ernest]. –– BROWNING, Robert. <i>Poetical Works of…</i> London: Smith and Elder, 1906. PRESENTED TO SHACKLETON AND THE OFFICERS OF THE NIMROD BY A MEMBER OF THE ROYAL GEOGRAPHICAL SOCIETY. $40,000 to $60,000.
    <b>Potter & Potter, Oct. 20:</b> AUDUBON, John James. <i>The Birds of America, from Drawings Made in the United States and Their Territories.</i> New York: George R. Lockwood, [1870]. $30,000 to $40,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> ARISTOTLE. Opera, in Greek, parts one and two only: Organon and Natural Philosophy I. Edited by Aldus and others. Venice: Aldus Manutius, 1 November 1495–February 1498. $20,000 to $30,000.
    <b>Potter & Potter, Oct. 20:</b> COOK, James, Capt. [Collected Voyages]. First and Second Voyages: London: W. Strahan; and T. Cadell, 1773, 1777; Third Voyage: London: H. Hughes for G. Nicol and T. Cadell, 1785. $14,000 to $18,000.
    <b>Potter & Potter, Oct. 20:</b> CLEMENS, Samuel Langhorne (“Mark Twain”). <i>The Writings of…</i> Hartford: American Publishing Co., 1899–1900. $12,000 to $16,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> [KELMSCOTT PRESS]. SHAKESPEARE, William. <i>The Poems of…</i> Edited by Frederick S. Ellis. Hammersmith: William Morris for the Kelmscott Press, 1893. $12,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> LONDON, Jack. <i>The Call of the Wild.</i> New York: The Macmillan Company, 1905. PRESENTATION COPY INSCRIBED BY LONDON. $10,000 to $15,000.
    <b>Potter & Potter, Oct. 20:</b> CROWLEY, Aleister (1875–1947). <i>The Winged Beetle.</i> London: privately printed, 1910. $10,000 to $15,000.
    <b><center>Potter & Potter Auctions<br>Fine Books & Manuscripts<br>October 20, 2022</b></center>
    <b>Potter & Potter, Oct. 20:</b> WILDE, Oscar (“C.3.3.”). <i>The Ballad of Reading Gaol.</i> London: Leonard Smithers, January 1898. $6,000 to $8,000.
    <b>Potter & Potter, Oct. 20:</b> DRYDEN, John. <i>Fables Ancient and Modern; translated into verse from Homer, Ovid, Boccace, & Chaucer: with original poems.</i> London: John Tonson, 1700. $4,000 to $6,000.
    <b>Potter & Potter, Oct. 20:</b> [MAP]. LINSCHOTEN, Jan Huygen van. <i>Delineatio Orarum Maritimarum…</i> London: John Wolfe, 1598. $3,000 to $4,000.

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