The median price was $413, but very high priced lots drove the average to almost $3,000.
Another interesting set of numbers is the percentage of lots sold above versus below the auction houses' estimate range. Overall, the number sold above runs significantly higher. Almost twice as many books sold above the high estimate as below the low estimate. What does this mean? Was the market better than most people expected? Are book prices soaring? Not necessarily. Most auctions have minimum bids. Some have hidden minimums, also known as "reserves." And some auctions have minimum bids as high as their low estimate. Naturally, these houses won't have sales below the low estimate but they will usually have unsold lots because every lot won't attract a minimum bid. To make the comparison fair, we'll add the number of lots unsold to those sold below the low estimate and compare that to the number sold above the high estimate. After all, unsold lots are, in effect, lots that could only sell below the low estimate. When you make that comparison, a very different picture emerges.
For 2004, 27% of the lots sold below the low estimate, 49% above the high. But, include unsold lots as lots "sold" below the low, and the ratio is 45% below the low estimate, 37% above the high. Now it looks like the estimates run a bit high, or sale prices were somewhat below expectations. Here are the charts.
Sotheby's Fine Books, Manuscripts & More Available for Immediate Purchase
Sotheby’s: William Shakespeare. The Poems and Sonnets of William Shakespeare, 1960. 7,210 USD
Sotheby’s: Charles Dickens. A Christmas Carol, First Edition, 1843. 17,500 USD
Sotheby’s: William Golding. Lord of the Flies, First Edition, 1954. 5,400 USD
Sotheby's Fine Books, Manuscripts & More Available for Immediate Purchase
Sotheby’s: Lewis Carroll. Through the Looking Glass and What Alice Found There, Inscribed First Edition, 1872. 25,000 USD
Sotheby’s: J.R.R. Tolkien. The Hobbit, First Edition, 1937. 12,000 USD
Sotheby’s: John Milton. Paradise Lost, 1759. 5,400 USD
High Bids Win Rare Books, Catalogs, Magazines and Machine Manuals December 24 to January 9
High Bids Win, Dec. 24 – Jan. 9: Ellis Smith Prints unsigned. 20” by 16”.
High Bids Win, Dec. 24 – Jan. 9: United typothetae of America presidents. Pictures of 37 UTA presidents 46th annual convention United typothetae of America Cincinnati 1932.
High Bids Win, Dec. 24 – Jan. 9: Henri de Toulouse-Lautrec signed Paper Impressionism Art Prints. MayMilton 9 1/2” by 13” Reine de Joie 9 1/2” by 13”.
High Bids Win Rare Books, Catalogs, Magazines and Machine Manuals December 24 to January 9
High Bids Win, Dec. 24 – Jan. 9: Aberle’ Ballet editions. 108th triumph, American season spring and summer 1944.
High Bids Win, Dec. 24 – Jan. 9: Puss ‘n Boots. 1994 Charles Perrult All four are signed by Andreas Deja
High Bids Win, Dec. 24 – Jan. 9: Specimen book of type faces. Job composition department, Philadelphia gazette publishing company .
High Bids Win Rare Books, Catalogs, Magazines and Machine Manuals December 24 to January 9
High Bids Win, Dec. 24 – Jan. 9: An exhibit of printed books, Bridwell library.
High Bids Win, Dec. 24 – Jan. 9: A Connecticut Yankee in King Arthur Court By Mark Twain 1889.
High Bids Win, Dec. 24 – Jan. 9: 1963 Philadelphia Eagles official program.
High Bids Win Rare Books, Catalogs, Magazines and Machine Manuals December 24 to January 9
High Bids Win, Dec. 24 – Jan. 9: 8 - Esquire the magazine for men 1954.
High Bids Win, Dec. 24 – Jan. 9: The American printer, July 1910.
High Bids Win, Dec. 24 – Jan. 9: Leaves of grass 1855 by Walt Whitman.
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
RareBookBuyer.com Specialized in Purchasing
Institutional Collections & Deacccessioned Books
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
RareBookBuyer.com Specialized in Purchasing
Institutional Collections & Deacccessioned Books
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
RareBookBuyer.com Specialized in Purchasing
Institutional Collections & Deacccessioned Books
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
RareBookBuyer.com Specialized in Purchasing
Institutional Collections & Deacccessioned Books
RareBookBuyer.com We Buy Librairies & Rare Books Nationwide
