• Bonhams, June 15-25: 18th Century American Sea Captain's Journals of Voyages to Hawaii, China, and South America. $35,000 - $45,000
    Bonhams, June 15-25: Admiral Richard E. Byrd's Autograph Diary from Bolling Advance Base, Winter 1934. $40,000 - $60,000
    Bonhams, June 15-25: Thoreau, Henry David. Walden; Or, Life in the Woods. Boston: Ticknor and Fields, 1854. $4,000 - $6,000
    Bonhams, June 15-25: Cellarius, Andreas. Harmonia macrocosmica seu atlas universalis et novus, totius universi creati cosmographiam generalem, et novam exhibens. $20,000 - $30,000
    Bonhams, June 15-25: Nobelist George Stigler's Copy of Ricardo's Classic on the Science of Economics. $20,000 - $30,000
    Bonhams, June 15-25: Histoire charmante de l'adolescente sucre d'amour. Paris: F. L. Schmied, 1927. $15,000 - $20,000
    Bonhams, June 15-25: Fine Copy of Walras's Classic on the Theory of Marginal Utility. $12,000 - $18,000
    Bonhams, June 15-25: Arion Press Moby Dick. Melville, Herman. $8,000 - $12,000
    Bonhams, June 15-25: Venegas, Miguel. Noticia de la California, y desu conquista temporal, y espiritual hasta el tiempo presente. $7,000 - $9,000
    Bonhams, June 15-25: Carelton Watkins, Yosemite and the West. Portfolio of 21 imperial albumen prints. $6,000 - $9,000
    Bonhams, June 15-25: An Unpublished Archive of Thornton Wilder Correspondence to F.J. O'Neil. $6,000 - $9,000
    Bonhams, June 15-25: Vesalius, Andreas. 1514-1564. Suorum de humani corporis fabrica librorum epitome. $100,000 - $150,000
  • Bonhams, June 25: Vesalius, Andreas. 1514-1564. De humani corporis fabrica libri septem. $200,000 - $300,000
    Bonhams, June 25: Gersdorff, Hans Von. 1455-1529. Feldtbuch der wundartzney. $40,000 - $60,000
    Bonhams, June 25: Pare, Ambroise. C.1509-1590. La Methode Curative des Playes, et Fractures de la Teste humaine. Avec les pourtraits des Instruments necessaires pour la curation d'icelles. $25,000 - $30,000
    Bonhams, June 25: Reisch, Gregor. 1470-1525. Margarita Philosophica. $20,000 - $30,000
    Bonhams, June 25: Bright, Richard. 1789-1858. Reports of Medical Cases, Selected with a View of Illustrating the Symptoms and Cure of Diseases by a Reference to Morbid Anatomy. $12,000 - $18,000
    Bonhams, June 25: Berengario da Carpi, Giacomo. C. 1460-1530. Tractatus de fractura calve sive cranei. $10,000 - $15,000
    Bonhams, June 25: Vicq D'Azyr, Felix. 1748-1794. Traite d'antomie et de physiologie. $8,000 - $12,000
    Bonhams, June 25: Croce, Giovanni Andrea Della. 1509?-1775. Chirurgia libri septem... $8,000 - $12,000
    Bonhams, June 25: Bruno Da Longburgo. 1200-1286. La cyrogia di Maistro Bruno: Expertissimo in quella. Tradutta in vulgare. $8,000 - $12,000
    Bonhams, June 25: Schwann, Theodor. 1810-1882. Mikroskopische Untersuchungen uber die Ubereinstimmung in der Struktur und dem Wachsthum der Thiere und Pflanzen. $8,000 - $12,000
    Bonhams, June 25: Cowper, William. 1666-1709. The Anatomy of Humane Bodies, with Figures Drawn after the Life… $6,000 - $9,000
    Bonhams, June 25: Bidloo, Govard. 1649-1713. Anatomia humani corporis, centum & quinque tabulis, per artificiossis. G. de Lairesse ad vivum delineatis. $6,000 - $9,000
  • Dominic Winter Auctioneers
    Auctions on June 19
    and June 20
    Dominic Winter, June 19: Lot 70 - Warner (Robert). The Orchid Album, 11 volumes, 1882-1897. £5,000 to £8,000
    Dominic Winter, June 19: Lot 151 - United States. Melish (John), Map of the United States with..., British & Spanish Possessions, 1816. £40,000 to £60,000
    Dominic Winter, June 19: Lot 159 - World. Speed (John), A New and Accurat Map of the World, 1676. £4,000 to £6,000.
    Dominic Winter Auctioneers
    Auctions on June 19
    and June 20
    Dominic Winter, June 20: Lot 503 - American Civil War playing cards. Union Cards, New York: American Card Co., 1862. £500 to £800
    Dominic Winter, June 20: Lot 573 - Shepard (Ernest Howard), 'The Hour is Come’, original watercolour, [1959]. £10,000 to £15,000
    Dominic Winter, June 20: Lot 922 - Wilde (Oscar). An Ideal Husband, large paper limited issue, 1899. £4,000 to £6,000
    Dominic Winter Auctioneers
    Auctions on June 19
    and June 20
    Dominic Winter, June 20: Lot 744 - Disney (Walt). “Sketch Book” [of Snow White and the Seven Dwarfs], 1938. £700 to £1,000
    Dominic Winter, June 20: Lot 771 - Auden (Wystan Hugh). Portrait of the head of W. H. Auden, 1970. £1,000 to £1,500
    Dominic Winter, June 20: Lot 822 - Fleming (Ian). Goldfinger, 1st edition, signed by the author, 1959. £6,000 to £8,000
    Dominic Winter Auctioneers
    Auctions on June 19
    and June 20
    Dominic Winter, June 20: Lot 895 - Rowling (J. K.). A complete inscribed set of Harry Potter books plus ephemera. £8,000 to £12,0000
    Dominic Winter, June 20: Lot 883 - Orwell (George). Nineteen Eighty-Four, 1st edition, London: Secker & Warburg, 1949. £3,000 to £5,000
    Dominic Winter, June 20: Lot 700 - Ashendene Press. T. Lucreti Cari De Rerium Natura Libri Sex, Chelsea: Ashendene Press, 1913. £4,000 to £6,000

Rare Book Monthly

Articles - January - 2020 Issue

The Pie is getting Larger

It’s difficult to be older in a world that is less certain but there is some good news!

 

No, you aren’t getting younger but there is evidence of an increase in the number of auction buyers in the books, manuscripts, maps and ephemera categories and it’s a helpful sign.

 

People whose lives revolve around old and rare books face complex issues as they age because their children rarely want to join the field or inherit the debris.  That leaves the dealer or collector to sell as best they can.  Such material falls into two categories,  the commonly available that should go to listing sites to be discounted, and the unusual and important that can be sold by dealers or go to auction where such transactions become part of our statistics.    Most sellers will be optimistic and assume their material is highly collectible but auction houses and the market have seen this movie before and will generally not be convinced.  Such material then shifts toward the progressive discounting model on the listing sites until buyers are found, an adjustment that takes time because seller hope dies slowly. 

 

The seeds of today’s pessimism were planted years ago, when the market was thought to be monolithic.  Then we discovered it was not.  Some categories would be strong and others weak and the term employed to explain this - cyclical – a phrase that optimistically, and I think without any blanket justification, carries the seeds of recovery in it.  Today the new division is between the common and collectible and in ten years we’ll have gathered additional perspectives.

 

Pessimism is nothing new.  Dealers have been anxious for decades over the apparent absence of new collectors.  But there have been encouraging signs.  Auction houses have been entering the field and once in, built collectible paper into their calendars.  For them these are business decisions born of evidence they regularly see.  What’s been less certain has been whether that evidence is of sellers looking to sell, buyers looking to buy, or a combination of both.  The selling has been understandable, the buying a changing combination of dealers, institutions and collectors that to successfully absorb the rising tide of material coming out, was always going to require a significant increase in collectors.  And we are seeing this today. 

 

What’s been changing about  the market are three negative and one positive factors;  [1] on the downside ever increasing online inventory, [2] the aging of its principal owners, and [3] their increasing difficulty finding buyers even with price cuts.  On the bright side, there is a transition, now underway, as many collectors re-focus their collecting based less on dealer inventories and more on deeper searches and theoretical availability because such approaches are yielding surprisingly good results.  And in doing this, it strengthens collectors’ commitments by creating and meeting expectations.  This is the “hey, this works” model and it works well.

 

This narrower, more focused approach seems to be part of the reason the market has stabilized.  It’s simply more satisfying and seems to be sufficiently appealing to compete with other collecting forms.  So, you look and then look again and bit by bit you find the unexpected, often unappreciated, frequently at very reasonable prices.  

 

This is the new collecting.

 

Recently I saw a patch of blue sky for the future of such collections:  clear evidence of increasing numbers of buyers in the auction statistics we’ve been developing over the past 17 years.

 

As part of the Rare Book Hub / Americana Exchange database project we record auction statistics and the numbers are many, almost a blur.  But consider this.  The number of lots offered, percentage of lots sold  and the median sale price over the past 5 years, have all increased, suggesting the collectible paper market, at the auction level at least, is growing.  In real terms, in 2015, 423,000 lots were offered and this year a projected 510,000 when all the lots are counted, an increase of 18,000 lots annually [3.92%] that has also seen a rising percentage of lots selling, increasing from 73% to almost 77% over the same period.  That can’t happen without more participation and according to our sign-ups, it’s collectors that are making the difference.

 

 

 Year  Lots                    % Lots Sold                              Median Price

2019   512,463                          76+*                                        $275 projected**

2018   479,122                          75                                            $283

2017   418,028                          75                                            $267

2016   406,738                          73                                            $270

2015   422,909                          73                                            $266

* estimated when the last sales are archived

** projected when the last results are posted

 

So what does this mean?

 

At the auction level the market is growing and the purchases increasingly concentrated in the rare, unique and unusual and we believe it is collectors who are making the difference.    As they continue to learn they can carve out unique slices of the millions of items available they increasingly understand that collecting has become a search based business, something akin to an electronic game for codgers, that randomly turns up related material across the globe on various platforms and, when  they are open to it, notifies them.  And it’s a big deal.

 

 

 

Rare Book Monthly

  • Sotheby’s, June 26: Poe, Edgar Allan. Tamerlane — the most poignant rarity in American literature. 400,000 - 600,000 USD
    Sotheby’s, June 26: The Declaration of Independence. "We hold these truths to be self-evident, that all men are created equal..." 2,500,000 - 5,000,000 USD
    Sotheby’s, June 26: William Blake. “Poems with very wild and interesting pictures” 1,200,000 - 1,800,000 USD
    Sotheby’s, June 26: Thomas Taylor [artist]. The original cover art for Harry Potter and the Philosopher’s Stone. 400,000 - 600,000 USD
  • Old World Auctions (Jun 5-19):
    Lot 4. Blaeu's Magnificent Carte-a-Figures World Map in Full Contemporary Color (1642) Est. $12,000 - $15,000
    Old World Auctions (Jun 5-19):
    Lot 125. 1775 Edition of the Landmark Fry-Jefferson Map of Virginia and Maryland (1775) Est. $15,000 - $18,000
    Old World Auctions (Jun 5-19):
    Lot 673. Rare Frontispiece in Full Contemporary Color with Gilt Highlights (1662) Est. $4,000 - $4,750
    Old World Auctions (Jun 5-19):
    Lot 717. Complete Tanner Atlas with Important Maps of Texas & Iowa (1845) Est. $4,000 - $4,750
    Old World Auctions (Jun 5-19):
    Lot 3. Henricus Hondius' Baroque-Style World Map (1641) Est. $9,500 - $11,000
    Old World Auctions (Jun 5-19):
    Lot 258. Complete Set of De Bry's Native Virginians & Picts from Part I of Grands Voyages (1608) Est. $2,750 - $3,500
    Old World Auctions (Jun 5-19):
    Lot 608. Superb Work on 18th Century Russia with over 100 Maps and Plates (1788) Est. $3,500 - $4,250
    Old World Auctions (Jun 5-19):
    Lot 49. One of the Most Important 16th Century Maps of the New World (1556) Est. $5,000 - $6,000
    Old World Auctions (Jun 5-19):
    Lot 706. Superb Image of the Annunciation in Contemporary Hand Color (1518) Est. $900 - $1,100
    Old World Auctions (Jun 5-19):
    Lot 123. One of the Earliest Maps to Show Philadelphia (1695) Est. $4,000 - $4,750
    Old World Auctions (Jun 5-19):
    Lot 631. One of the Earliest Printed Maps of Afghanistan & Pakistan (1482) Est. $1,900 - $2,200
    Old World Auctions (Jun 5-19):
    Lot 689. Proof Copy Engraving of the Senate Floor During the Compromise of 1850 (1855) Est. $1,500 - $1,800
  • Doyle, June 20: CLAUDE MCKA. Home to Harlem. New York: Harpers, 1928. First edition. $700 to $1,000.
    Doyle, June 20: Haydn's VI Original Canzonettas, signed by the composer. $4,000 to $6,000.
    Doyle, June 20: A rare EP sleeve inscribed by John Lennon. $800 to $1,200.
    Doyle, June 20: An extremely rare 1961 concert set list and autograph letter from The King. $7,000 to $10,000.
    Doyle, June 20: Bryan Batt's copy of the Mad Men Yearbook, 2008-2014. $600 to $800.
    Doyle, June 20: An original Al Hirschfeld depicting comedian Fred Allen. $1,000 to $1,500.
    Doyle, June 20: A signed note from George Gershwin with reference to Porgy and Bess. $1,000 to $1,500.
    Doyle, June 20: An original Harold Arlen manuscript musical quotation from "Over the Rainbow.” $1,000 to $1,500.
    Doyle, June 20: A fine original Edith Head sketch for Grace Kelly's wedding trousseau. $3,000 to $5,000.
    Doyle, June 20: The poster for New Faces with inscriptions and the signature of Eartha Kitt. $200 to $300.
    Doyle, June 20: The classic "Jazz" Bowl by Viktor Schreckengost for Cowan Pottery. $15,000 to $25,000.
    Doyle, June 20: Tony Award Medallion won for "Kismet." $3,000 to $5,000.
  • Heritage Auctions, June 27
    F. Scott Fitzgerald
    The Great Gatsby
    New York: Charles Scribner's Sons, 1925
    Heritage Auctions, June 27
    Mary Shelley
    Frankenstein: or, The Modern Prometheus
    London: Lackington, Hughes, Harding, Mavor, & Jones, 1818
    Heritage Auctions, June 27
    J. R. R. Tolkien
    The Hobbit; or, There and Back Again
    London: George Allen & Unwin Ltd., 1937
    Heritage Auctions, June 27
    Jane Austen
    Emma: A Novel. In Three Volumes. By the Author of "Pride and Prejudice," &c. &c.
    London: Printed for John Murray, 1816
    Heritage Auctions, June 27
    Robert Louis Stevenson
    An Inland Voyage
    London: C. Kegan Paul & Co., 1878
    Heritage Auctions, June 27
    Ernest Hemingway
    Three Stories & Ten Poems
    Paris: Contact Publishing Co., 1923
    Heritage Auctions, June 27
    Meriwether Lewis and William Clark
    History of the Expedition under the Command of Captains Lewis and Clark
    Philadelphia, 1814
    Heritage Auctions, June 27
    Emily Dickinson
    Autograph letter signed ("Emily and Vinnie"), to Mary Adelaide Hills
    Amherst, MA, Late April, 1880
    Heritage Auctions, June 27
    John Keats
    Autograph letter signed ("John Keats"), to Mrs. Jeffrey
    Honiton 4 or 5 May 1818
    Heritage Auctions, June 27
    Samuel Johnson
    A Dictionary of the English Language: In which the Words are deduced from their Originals…
    London, 1765
    Heritage Auctions, June 27
    H. P. Lovecraft
    Small archive of nine lengthy autograph letters signed variously over a period of six years to J. Vernon Shea.
    Various places, 1931-1937
    Heritage Auctions, June 27
    Izaak Walton
    The Compleat Angler or the Contemplative Man's Recreation…
    London: T. homas Maxey for Rich. ard Marriot, 1653
  • Freeman’s | Hindman, June 25: [Keats, John] Spenser, Edmund: The Works of that Famous English Poet, Mr. Edmond Spenser. $50,000 - $80,000.
    Freeman’s | Hindman, June 25: (Walton, Izaak): The Compleat Angler or the Contemplative man's Recreation. Being a Discourse of Fish and Fishing. $30,000 - $50,000.
    Freeman’s | Hindman, June 25: Thomas, Gabriel: An Historical and Geographical Account of the Province and Country of Pensilvania; and of West-New-Jersey in America. $25,000 - $35,000.
    Freeman’s | Hindman, June 25: [Carroll, Lewis]: The Game of Alice in Wonderland. $2,000 - $3,000.
    Freeman’s | Hindman, June 25: Athias, Joseph, et al.: Biblia Hebraica. $7,000 - $10,000.
    Freeman’s | Hindman, June 25: [Warhol, Andy, and Jens Quistgaard] Dansk Designs Salesman's Presentation Catalogue. $2,500 - $3,500.

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