• Gonnelli:
    Auction 55
    Antique prints, paintings and maps
    November 26st 2024
    Gonnelli: Stefano Della Bella, 23 animal plances,1641. Starting price 480€
    Gonnelli: Stefano Della Bella, Boar Hunt, 1654. Starting price 180€
    Gonnelli: Crispijn Van de Passe, The seven Arts, 1637. Starting price 600€
    Gonnelli: Giuseppe Maria Mitelli, La Maschera è cagion di molti mali, 1688. Starting price 320€
    Gonnelli: Biribissor’s game, 1804-15. Starting price 2800€
    Gonnelli: Nicolas II de Larmessin, Habitats,1700. Starting price 320€
    Gonnelli: Miniature “O”, 1400. Starting price 1800€
    Gonnelli: Jan Van der Straet, Hunt scenes, 1596. Starting Price 140€
    Gonnelli: Massimino Baseggio, Costantinople, 1787. Starting price 480€
    Gonnelli: Kawanabe Kyosai, Erotic scene lighten up by a candle, 1860. Starting price 380€
    Gonnelli: Duck shaped dropper, 1670. Starting price 800€
  • Doyle, Dec. 6: An extensive archive of Raymond Chandler’s unpublished drafts of fantasy stories. $60,000 to $80,000.
    Doyle, Dec. 6: RAND, AYN. Single page from Ayn Rand’s handwritten first draft of her influential final novel Atlas Shrugged. $30,000 to $50,000.
    Doyle, Dec. 6: Ernest Hemingway’s first book with interesting provenance. Three Stories & Ten Poems. $20,000 to $30,000.
    Doyle, Dec. 6: Hemingway’s second book, one of 170 copies. In Our Time. $15,000 to $25,000.
    Doyle, Dec. 6: A finely colored example of Visscher’s double hemisphere world map, with a figured border. $12,000 to $18,000.
    Doyle, Dec. 6: Raymond Chandler’s Olivetti Studio 44 Typewriter. $10,000 to $20,000.
    Doyle, Dec. 6: Antonio Ordóñez's “Suit of Lights” owned by Ernest Hemingway. $10,000 to $20,000.
    Doyle, Dec. 6: A remarkable Truman archive featuring an inscribed beam from the White House construction. $8,000 to $12,000.
    Doyle, Dec. 6: The fourth edition of Audubon’s The Birds of America. $8,000 to $12,000.
    Doyle, Dec. 6: The original typed manuscript for Chandler’s only opera. The Princess and the Pedlar: An Entirely Original Comic Opera. $8,000 to $12,000.
    Doyle, Dec. 6: A splendidly illustrated treatise on ancient Peru and its Incan civilization. $7,000 to $10,000.
    Doyle, Dec. 6: A superb copy of Claude Lorrain’s Liber Veritatis from Longleat House. $5,000 to $8,000.
  • Swann, Nov. 21: Lot 37: Archive of the pioneering woman artist Arrah Lee Gaul, most 1911-59. $3,000 to $4,000.
    Swann, Nov. 21: Lot 66: Letter describing the dropping water level at Owens Lake near Death Valley, long before it was drained, Keeler, CA, 26 July 1904. $3,000 to $4,000
    Swann, Nov. 21: Lot 102: To Horse, To Horse! My All for a Horse! The Washington Cavalry, illustrated Civil War broadside, Philadelphia, 1862. $4,000 to $6,000
    Swann, Nov. 21: Lot 135: Album of cyanotype views of the Florida panhandle and beyond, 224 photographs, 174 of them cyanotypes, Apalachicola, FL and elsewhere, circa 1895-1896. $1,200 to $1,800
    Swann, Nov. 21: Lot 154: Catalogue of the Library of the United States, as acquired from Thomas Jefferson, Washington, 1815. $15,000 to $25,000
    Swann, Nov. 21: Lot 173: New Englands First Fruits, featuring the first description of Harvard in print, London, 1643. $40,000 to $60,000
    Swann, Nov. 21: Lot 177: John P. Greene, Original manuscript diary of a mission to western New York with Joseph Smith, 1833. $60,000 to $90,000
    Swann, Nov. 21: Lot 243: P.E. Larson, photographer, Such is Life in the Far West: Early Morning Call in a Gambling Hall, Goldfield, NV, circa 1906. $2,500 to $3,500
    Swann, Nov. 21: Lot 261: Fred W. Sladen, Diaries of a WWII colonel commanding troops from Morocco to Italy to France, 1942-44. $3,000 to $4,000
    Swann, Nov. 21: Lot 309: Los mexicanos pintados por si mismos, por varios autores, a Mexican plate book. Mexico, 1854-1855. $2,000 to $3,000
    Swann, Nov. 21: Lot 8: Diaries of a prospector / trapper in the remote Alaska wilderness, 5 manuscript volumes. Alaska, 1917-64. $1,500 to $2,500.
  • Finarte, Nov 20-21: Alighieri, Dante - La Commedia, [col commento di Jacopo della Lana e Martino Paolo Nidobeato, curata da Martino Paolo Nidobeato e Guido da Terzago. Aggiunto Il Credo], 1478
    Finarte, Nov 20-21: Alighieri, Dante - La Commedia [Commento di Christophorus Landinus, edita da Piero da Figino. Aggiunte le Rime diverse; Marsilius Ficinius, Ad Dantem gratulatio], 1491
    Finarte, Nov 20-21: Lactantius, Lucius Coelius Firmianus - Opera, 1465
    Finarte, Nov 20-21: Alighieri, Dante - Le terze rime di Dante, 1502
    Finarte, Nov 20-21: Boccaccio, Giovanni - Il Decamerone. Di messer Giouanni Boccaccio, 1516
    Finarte, Nov 20-21: Giordano Bruno - Candelaio comedia del Bruno nolano achademico di nulla achademia; detto il fastidito. In tristitia hilaris: in hilaritate tristis, 1582
    Finarte, Nov 20-21: Petrarca, Francesco - Le cose volgari di Messer Francesco Petrarcha, 1504
    Finarte, Nov 20-21: Legatura - Manoscritto - Medici - Cosimo III de' Medici / Solari, Giuseppe - I Ritratti Medicei overo Glorie e Grandezze della sempre sereniss. Casa Medici..., 1678
    Finarte, Nov 20-21: Alighieri, Dante - La Divina Commedia di Dante Alighieri con varie annotazioni, e copiosi Rami adornata, 1757
    Finarte, Nov 20-21: Lot containing 80 printed guides and publications dedicated to travel and itineraries in Italy

Rare Book Monthly

Articles - August - 2020 Issue

Money Money Money

Covid-19 and the turgid economy present a lethal mixture of possibilities that will work themselves out over the next five years.  For book dealers and collectors these issues will present additional challenges because in collectibles liquidity varies negatively with uncertainty.  By the end of the year extraordinary levels of government stimulus will have been absorbed leaving diminishing positive effects after which unmistakable negative effects will take hold:  inflation and a 25% decline of the US dollar relative to a market basket of ascendant world currencies over the next 3-5 years.

 

For the rare book business there are multiple issues to consider:

 

  1. Your debt to equity ratio:  liabilities/assets.
    1. The currency you principally trade in.
  2. The cost of your collection or stock.
  3. The relative strength of your inventory.
    1. Low, middle or high end
  4. The kind of material you have as defined by price category.
  5. Are you prepared to keep your inventory to a fixed percentage of your sales?  This means that if your sales slow you will cut your stock proportionately.
  6. Is the value of your collection significant to your cashflow or net worth?
  7. Your cashflow requirements both short and long term.
  8. How and to whom would you sell?
    1. Wealthy collectors
    2. Middle class collectors
    3. Institutions online or by offer letter
    4. At auction
    5. On eBay

 

It’s always a good idea to have your financial plans updated because the next 5 years will present unusual risks.

 

I will try to help any RBH member who requests advice.

 

Bruce McKinney

bmckinney@rarebookhub.com


Posted On: 2020-08-26 17:38
User Name: laurelle

Bruce,

I have to question your statement regarding the weakening of the US Dollar. Whose currency will strengthen? The EU is borrowing/printing at the same rate, China has tremendous debts, are you anticipating a turnaround in South America? Jeff Elfont


Posted On: 2020-08-28 18:30
User Name: adminb

Deficit spending is known to stimulate economic activity but if government debt engulfs economies then the outcome is increasing inflation. Prices will rise but the value of currency exchanged will be reduced.

I expect the euro to outperform the dollar while the Yuan will underperform. Gold is a regressive hedge but the best straightforward option I see.


Rare Book Monthly

  • Doyle, Dec. 5: Minas Avetisian (1928-1975). Rest, 1973. $8,000 to $12,000.
    Doyle, Dec. 5: Anna Vaughn Hyatt Huntington (1876-1973). Yawning Tiger, conceived 1917. $3,000 to $5,000.
    Doyle, Dec. 5: Robert M. Kulicke (1924-2007). Full-Blown Red and White Roses in a Glass Vase, 1982. $3,000 to $5,000.
    Doyle, Dec. 5: Pablo Picasso (1881-1973). L’ATELIER DE CANNES (Bloch 794; Mourlot 279). The cover for Ces Peintres Nos Amis, vol. II. $1,000 to $1,500.
    Doyle, Dec. 5: LeRoy Neiman (1921-2012). THE BEACH AT CANNES, 1979. $1,200 to $1,800.
    Doyle, Dec. 5: Richard Avendon, the suite of eleven signed portraits from the Avedon/Paris portfolio. $150,000 to $250,000.
    Doyle, Dec. 5: Robert Mapplethorpe (1946-1989). Flowers in Vase, 1985. $20,000 to $30,000.
    Doyle, Dec. 5: Edward Weston (1886-1958). Nude, 1936. $20,000 to $30,000.
    Doyle, Dec. 5: Edward Weston (1886-1958). Juniper, High Sierra, 1937.
    Doyle, Dec. 5: Steven J. Levn (b. 1964). Plumage II, 2011. $6,000 to $8,000.
    Doyle, Dec. 5: Steven Meisel (b. 1954). Madonna, Miami, (from Sex), 1992. $6,000 to $9,000.
  • Ketterer Rare Books
    Auction November 25th
    Ketterer Rare Books, Nov. 25:
    H. Schedel, Liber chronicarum, 1493. Est: € 25,000
    Ketterer Rare Books, Nov. 25:
    P. O. Runge, Farben-Kugel, 1810. Est: € 8,000
    Ketterer Rare Books, Nov. 25:
    W. Kandinsky, Klänge, 1913. Est: € 20,000
    Ketterer Rare Books
    Auction November 25th
    Ketterer Rare Books, Nov. 25:
    W. Burley, De vita et moribus philosophorum, 1473. Est: € 4,000
    Ketterer Rare Books, Nov. 25:
    M. B. Valentini, Viridarium reformatum seu regnum vegetabile, 1719. Est: € 12,000
    Ketterer Rare Books, Nov. 25:
    PAN, 10 volumes, 1895-1900. Est: € 15,000
    Ketterer Rare Books
    Auction November 25th
    Ketterer Rare Books, Nov. 25:
    J. de Gaddesden, Rosa anglica practica medicinae, 1492. Est: € 12,000
    Ketterer Rare Books, Nov. 25:
    M. Merian, Todten-Tanz, 1649. Est: € 5,000
    Ketterer Rare Books, Nov. 25:
    D. Hammett, Red harvest, 1929. Est: € 11,000
    Ketterer Rare Books
    Auction November 25th
    Ketterer Rare Books, Nov. 25:
    Book of hours, Horae B. M. V., 1503. Est: € 9,000
    Ketterer Rare Books, Nov. 25:
    J. Miller, Illustratio systematis sexualis Linneai, 1792. Est: € 8,000
    Ketterer Rare Books, Nov. 25:
    F. Hundertwasser, Regentag – Look at it on a rainy day, 1972. Est: € 8,000
  • Sotheby's
    Fine Books, Manuscripts & More
    Available for Immediate Purchase
    Sotheby’s: J.R.R. Tolkien. The Lord of the Rings Trilogy. 11,135 USD
    Sotheby’s: Edgar Allan Poe. The Raven and Other Poems, 1845. 33,000 USD
    Sotheby’s: Leo Tolstoy, Clara Bow. War and Peace, 1886. 22,500 USD
    Sotheby’s: Sir Arthur Conan Doyle. Adventures of Sherlock Holmes, 1902. 7,500 USD
    Sotheby’s: F. Scott Fitzgerald. This Side of Paradise, The Great Gatsby, and Others, 1920-1941. 24,180 USD

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