Rare Book Monthly

Articles - December - 2018 Issue

David Hall of National Book Auction Arrested

David Hall, the long established  auctioneer who runs National Book Auctions and Worth Auctions in Freeville, New York near Ithaca, has been arrested and charged with second degree grand larceny.  This comes on the heels of persistent reports over the past several years of non-payment to consignors.  On Ithaca.com a story on this development describes the indictment as “adding credence to the growing number of people in Tompkins County and across the country who say they’ve been cheated by his business.”

 

Such issues are hardly front page news as auction houses in every generation encounter such disputes as they maneuver between consignors and buyers,  changing markets and occasional problems collecting from winning bidders.  Almost all such issues are settled privately.  It is rare for auctioneers and auction principals to be arrested.

 

Mr. Hall was taken into custody on November 19th on the charge that he handled the sale of an estate valued at over $500,000 and subsequently failed to fully pay the consignor.

 

He was remanded to the Tompkins County jail after arraignment and held on $100,000 cash bail or $200,000 property bond.

 

 The investigation into Hall by the New York State Police began late last year, in which he was accused of selling an estate valued at over $500,000, but failed to pay what was owed to the original owner after the auction sale. Eventually, he began to pay back the money but by Monday afternoon [November 19th], when he turned himself in, he still allegedly owed the consignor over $200,000.

 

Although it is the single charge that has ensnared Mr. Hall, there have been other complaints.  On Yelp complaints have been lodged and the Better Business Bureau lists many complaints, with the majority of them posted during the past year.

 

The auction business relies on trust on both sides.  When there is a breach it can be difficult to recover.

 


Posted On: 2018-12-03 09:53
User Name: fxtrader

I have been preaching this for some years to anyone who will listen (and nobody does because it's boring), but this situation seems like a good time to once again express why it is important to consign with auctioneers who operate in states where auctioneers are required to be licensed. New York, California, and around 18 other states do not license and regulate auctioneers as most states do.

Consignors have greater protections in license-required states, and auctioneers in those states are held to rather strict standards (especially in terms of paying consignors.) For example, if this had happened in Georgia (where we operate), after even one complaint of non-payment (whether for $1 or $100,000), the Secretary of State's office would immediately send an inspector. If the auctioneer could not show that full payment had been made, then his or her license would be immediately suspended or revoked, and the auctioneer would be barred from continuing to conduct business. Not only that, the state could immediately freeze the auctioneer's bank account and protect consignor's funds. So, a year (or several years) would not just go by while other people are cheated and the money disappeared.

Trust is important, but proper oversight is also important. I don't trust my bank to do the right thing out of the goodness of their heart, but I trust the regulations by which they must abide. I would not deposit my money in a bank where there was no FDIC insurance and no government regulation. In the same manner, I would not consign property to an auctioneer in a state that does not regulate and license auctioneers.

As for us, our consignors are paid every time, and they're paid on time. And nobody has to take our word for it. In our state, if we didn't pay our consignors and pay them within the agreed upon time-frame, then we'd be shut down in less than a week.

None of this is to say that there are not fine and trustworthy auction houses in no-license-required states (because there are), but consignors should be aware that their recourse in those states is limited if there is a problem. This story involving National Book Auctions is a perfect illustration of that.

Michael Addison
Principal Auctioneer
Addison & Sarova Auctioneers


Rare Book Monthly

  • Bonhams, Apr. 8: First report outside of the colonies of the American Revolution, from American accounts. Printed broadsheet, The London Evening-Post, May 30, 1775. $20,000 - $30,000
    Bonhams, Apr. 8: Joyce, James. The earliest typescript pages from Finnegans Wake ever to appear at auction, annotated by Joyce, 1923. $30,000 - $50,000
    Bonhams, Apr. 8: Joyce's Ulysses, 1923, one of only seven copies known, printed to replace copies destroyed in customs. $10,000 - $15,000
    Bonhams, Apr. 8: ATHANASIUS KIRCHER'S COPY, INSCRIBED. Saggi di naturali esperienze fatte nell' Accademia del Cimento, 1667. $2,000 - $3,000
    Bonhams, Apr. 8: Bernoulli's Ars conjectandi, 1713. "... first significant book on probability theory." $15,000 - $25,000
    Bonhams, Apr. 8: Aristotle's Politica. Oeconomica. 1469. The first printed work on political economy. $80,000 - $120,000
    Bonhams, Apr. 8: John Graunt's Natural and political observations...., 1662. The first printed work of epidemiology and demographics. $20,000 - $30,000
    Bonhams, Apr. 8: William Playfair's Commercial and Political Atlas, 1786. The first work to pictorially represent information in graphics. $15,000 - $25,000
    Bonhams, Apr. 8: Anson's A Voyage Round the World, 1748. THE J.R. ABBEY-LORD WARDINGTON COPY, BOUND BY JOHN BRINDLEY. $8,000 - $12,000
    Bonhams, Apr. 8: La Perouse's Voyage de La Perouse autour du monde..., 1797. LARGE FINE COPY IN ORIGINAL BOARDS. $8,000 - $12,000
    Bonhams, Apr. 8: Francesca Woodman's Some Disordered Interior Geometries, 1981. Untrimmed publisher's proof sheets. $4,000 - $6,000
    Bonhams, Apr. 8: Charles Schulz original 8-panel Peanuts Sunday comic strip, 1992, pen and ink over pencil, featuring Charlie Brown, Snoopy and Lucy as a psychiatrist. $20,000 - $30,000
  • Dominic Winter Auctioneers

    April 9
    Printed Books, English Bibles, Maps & Decorative Prints
    Dominic Winter, Apr. 9: Johnson (C.). A General History of the Robberies and Murders of the most Notorious Pyrates, 1724. £3,000-4,000
    Dominic Winter, Apr. 9: Ordonez de Cevallos (Pedro). Viage del Mundo, 1st edition, Madrid: Luis Sanchez, 1614. £1,000-1,500
    Dominic Winter, Apr. 9: North America. Merian (Matthaus), Virginia..., 1627 or later. £1,500-2,500
    Dominic Winter Auctioneers

    April 9
    Printed Books, English Bibles, Maps & Decorative Prints
    Dominic Winter, Apr. 9: World. Waldseemuller (Martin), Tabula Nova Totius Orbis, Vienne: 1541. £2,000-3,000
    Dominic Winter, Apr. 9: Erasmus (Desiderius). The ... paraphrase of Erasmus... 2 volumes, 1st edition, 1549. £3,000-5,000
    Dominic Winter, Apr. 9: Bible [English]. [The Bible and Holy Scriptures conteyned in the Olde and Newe Testament, 1562]. £3,000-5,000
    Dominic Winter Auctioneers

    April 9
    Printed Books, English Bibles, Maps & Decorative Prints
    Dominic Winter, Apr. 9: Smith (Lucy). Biographical Sketches of Joseph Smith the Prophet, 1st edition, 1853. £1,000-1,500
    Dominic Winter, Apr. 9: Derain (Andre). Pantagruel, signed limited edition, Albert Skira, 1943. £2,000-3,000
    Dominic Winter, Apr. 9: Austen (Jane). Pride and Prejudice, illustrated by Hugh Thomson, Large Paper edition, 1894. £1,500-2,000
    Dominic Winter Auctioneers

    April 9
    Printed Books, English Bibles, Maps & Decorative Prints
    Dominic Winter, Apr. 9: Ellison (Ralph). Invisible Man, 1st edition, New York: Random House, 1952. £200-300
    Dominic Winter, Apr. 9: Taschen Collector's Edition. Annie Leibovitz, limited edition, 2014. £1,000-1,500
  • 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

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