Rare Book Monthly

Articles - April - 2017 Issue

Converting the Rare and Valuable into Cash

Mr. La Gatta received an honorary Doctorate of Fine Arts from the Art Center College of Design, where he taught.

Mr. La Gatta received an honorary Doctorate of Fine Arts from the Art Center College of Design, where he taught.

Three or four months ago we received an inquiry from the La Gatta Trust of Reno, Nevada about material they wanted to sell.  We receive such inquiries every week and have a straightforward response.  “Prepare a spreadsheet of what you feel might be valuable.”  In most cases, and in this case, the motivated party is willing to do the work.

 

On receipt, often including images, it’s possible for us to quickly establish a “scale of value.”  And in most cases I have to say, “hold on to your day job.”  But not always and we provide this often free service on the off-chance there’s a gem in the mix.  And it does happen.

 

They who contact us fall into two categories:  [1] those that hope and [2] those that know what they have but not how to sell it.

 

Many are certain their books are valuable because their books are almost as old as they are.  But age is a ripsaw that cuts two ways.  “Old” for people and “old” for books are quite different and many people don’t know this.  And of course, importance, condition, version and completeness also count.

 

There are of course those that know their material is valuable but cannot figure out to whom and for how much to sell it.  They have often already scanned Abebooks.com and seen high asking prices.  Wow, this is easy!  Unfortunately, listing sites are lists of books that have not sold.  And as the listings are evergreen, that is, always looking fresh, you have no idea if they have been posted for sale for a week or ten years.  Fifteen years ago I recall stories of phantom listings at outrageous prices that a seller’s accomplice posted as evidence the listing they were selling was quite reasonable.

 

This is why auction records are important.  These are transactions, not listings and these are the prices you can expect to receive after consignment fees.

 

So it’s very satisfying when one of these random calls leads to success.

 

For the LaGatta 1990 Trust that is handling the sale of an artist’s estate of material by and relating to John LaGatta, a 20th century illustrator, the clouds cleared recently when, Bonhams sent a representative to view the material, and came away with a consignment of some 250 items.

 

During the process the Trust became an RB member but only after we confirmed they had significant material.  I expect they will be with us for a while.  I believe some of their material will be in the auction rooms by summer.  

Rare Book Monthly

  • Heritage Auctions
    Rare Books Signature Auction
    December 15, 2025
    Heritage, Dec. 15: John Donne. Poems, By J. D. With Elegies on the Author's Death. London: M[iles]. F[lesher]. for John Marriot, 1633.
    Heritage, Dec. 15: Edgar Rice Burroughs. Tarzan of the Apes.
    Heritage, Dec. 15: F. Scott Fitzgerald. Tender is the Night. A Romance.
    Heritage, Dec. 15: Bram Stoker. Dracula. Westminster: Archibald Constable & Co., 1897.
    Heritage, Dec. 15: Jerry Thomas. How to Mix Drinks, or the Bon-Vivant's Companion, Containing Clear and Reliable Directions for Mixing All the Beverages Used in the United States…
  • Rare Book Hub is now mobile-friendly!
  • Bonhams, Dec. 8-18: Autograph Letter Signed ("Martinus Luther") to His Friend the Theologian Gerhard Wiskamp ("Gerardo Xantho Lampadario"). $100,000 - $150,000.
    Bonhams, Dec. 8-18: An Exceptionally Fine Copy of Austenís Emma: A Novel in Three Volumes. $40,000 - $60,000.
    Bonhams, Dec. 8-18: Presentation Copy of Ernest Hemmingwayís A Farewell to Arms for Edward Titus of the Black Mankin Press. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript Signed Integrally for "The Songs of Pooh," by Alan Alexander. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript of "Three Fragments from Gˆtterd‰mmerung" by Richard Wagner. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Original Preliminary Artwork, for the First Edition of Snow Crash. $20,000 - $30,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("T.R. Malthus") to Economist Nassau Senior on Wealth, Labor and Adam Smith. $20,000 - $30,000.
    Bonhams, Dec. 8-18: History of the Peloponnesian War by Thucydides Finely Bound by Michael Wilcox. $20,000 - $30,000.
    Bonhams, Dec. 8-18: First Edition of Lewis and Clark: Travels to the Source of the Missouri River and Across the American Continent to the Pacific Ocean. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Original Artwork for the First Edition of Neal Stephenson's Groundbreaking Novel Snow Crash. $100,000 - $150,000.
    Bonhams, Dec. 8-18: A Complete Set Signed Deluxe Editions of King's The Dark Tower Series by Stephen King. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("John Adams") to James Le Ray de Chaumont During the Crucial Years of the Revolutionary War. $8,000 - $12,000.
  • Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 11: Darwin and Wallace. On the Tendency of Species to form Varieties..., [in:] Journal of the Proceedings of the Linnean Society, Vol. III, No. 9., 1858, Darwin announces the theory of natural selection. £100,000 to £150,000.
    Sotheby’s, Dec. 11: J.K. Rowling. Harry Potter and the Philosopher's Stone, 1997, first edition, hardback issue, inscribed by the author pre-publication. £100,000 to £150,000.
    Sotheby’s, Dec. 11: Wolfgang Amadeus Mozart. Autograph sketchleaf including a probable draft for the E flat Piano Quartet, K.493, 1786. £150,000 to £200,000.
    Sotheby’s, Dec. 12: Hooke, Robert. Micrographia: or some Physiological Descriptions of Minute Bodies made by Magnifying Glasses. London: James Allestry for the Royal Society, 1667. $12,000 to $15,000.
    Sotheby’s, Dec. 12: Chappuzeau, Samuel. The history of jewels, first edition in English. London: T.N. for Hobart Kemp, 1671. $12,000 to $18,000.
    Sotheby’s, Dec. 12: Sowerby, James. Exotic Mineralogy, containing his most realistic mineral depictions, London: Benjamin Meredith, 1811, Arding and Merrett, 1817. $5,000 to $7,000.

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