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:
Your debt to equity ratio: liabilities/assets.
The currency you principally trade in.
The cost of your collection or stock.
The relative strength of your inventory.
Low, middle or high end
The kind of material you have as defined by price category.
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.
Is the value of your collection significant to your cashflow or net worth?
Your cashflow requirements both short and long term.
How and to whom would you sell?
Wealthy collectors
Middle class collectors
Institutions online or by offer letter
At auction
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.
Doyle The Collection of Mary Tyler Moore June 4, 2025
DOYLE: Peter Max, Portrait of Mary Tyler Moore (Versions 1,2, 5, 6), 2001. Estimate $10,000-15,000
DOYLE: The iconic screen-used wall-mounted "M" from The Mary Tyler Moore Show. Estimate $5,000-8,000
DOYLE: The Mary Tyler Moore Show by Al Hirschfeld. Estimate $4,000-6,000
Doyle The Collection of Mary Tyler Moore June 4, 2025
DOYLE: Annie Leibovitz presents Mary Tyler Moore and Dick Van Dyke for Vanity Fair. Estimate $4,000-6,000
DOYLE: Al Hirschfeld presents Mary Tyler Moore and Dick Van Dyke in the CBS Wednesday Night Lineup. Estimate $4,000-6,000
DOYLE: Richard McKenzie, Portrait of Mary Tyler Moore. Estimate $1,000-2,000
Doyle The Collection of Mary Tyler Moore June 4, 2025
DOYLE: Three Original Bill Hargate Costume Designs for The Mary Tyler Moore Hour. Estimate $600-800
DOYLE: The famous Bonnie and Clyde "Wanted" broadside. Estimate $500-800
DOYLE: Ticket to the Final Episode of the Mary Tyler Moore Show Estimate $400-600
Sotheby's Bibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby’s, June 5-19: Bissière, Roger. Cantique à notre frère soleil de saint François. 1954. 1,000 - 1,500 EUR
Sotheby’s, June 5-19: Céline, Louis-Ferdinand. La vie & l’œuvre de Philippe Ignace Semmelweis. 1924. Rare édition originale, avec envoi. Joint : La Quinine en thérapeutique, 1925. 4,000 - 6,000 EUR
Sotheby’s, June 5-19: Céline, Louis-Ferdinand. Mort à crédit. 1936. Édition originale. Bel exemplaire sur Hollande. 2,500 - 3,500 EUR
Sotheby's Bibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby’s, June 5-19: Chillida, Eduardo ─ Emil Cioran. Face aux instants. 1985. Un des 100 exemplaires sur Arches. Eau-forte signée. 600 - 800 EUR
Sotheby’s, June 5-19: Dubuffet, Jean. Ler dla canpane. L’Art Brut, 1948. Édition originale. 3,000 - 5,000 EUR
Sotheby’s, June 5-19: Dubuffet, Jean. L'Herne Jean Dubuffet. 1973. Un des 100 exemplaires du tirage de luxe avec une sérigraphie originale en couleurs. 1,000 - 1,500 EUR
Gros & Delettrez Livres & Manuscrits Arméniens Jeudi 12 juin 2025 Paris, Francis
Gros & Delettrez, June 12: BIBLE, Venise 1733, reliure arménienne
Gros & Delettrez, June 12: CHARAKNOTS, manuscrit XVIIe-XVIIIe siècle
