• <b><center>Swann Auction Galleries<br>Printed & Manuscript African Americana:<br>March 30, 2023</b>
    <b>Swann March 30:</b> Victor H. Green, <i>The Negro Motorist Green Book,</i> New York, 1949. $10,000 to $15,000.
    <b>Swann March 30:</b> Papers of pianist-composer Lawrence Brown relating to Paul Robeson & more, various places, 1925-54. $5,000 to $7,500.
    <b>Swann March 30:</b> Freedom Summer archive of civil rights activist Karen Haberman Trusty, Atlanta & elsewhere, 1963-64. $5,000 to $7,500.
    <b>Swann March 30:</b> E. Simms Campbell, <i>A Night-Club Map of Harlem,</i> New York, 1933. $8,000 to $12,000.
    <b>Swann March 30:</b> Archive of letters from the sculptor Richmond Barthé to a close Jamaican friend, various places, 1966-85. $25,000 to $35,000.
  • <center><b>Gonnelli<br>Auction 41<br>Books, Autographs & Manuscripts<br>March 21st-23rd 2023</b>
    <b>Gonnelli:</b> Nabokov, <i>Lolita,</i> 1955. First edition, mint copy. Starting price 1900€
    <b>Gonnelli:</b> Marinetti, <i>Zang Tumb Tuuum,</i> 1914. First edition. Starting price 1600€
    <b>Gonnelli:</b> A collection of <i>Playboy,</i> starting price from 20€
    <b>Gonnelli:</b> Kepler, <i>Dioptrice,</i> 1611. First edition. Starting price 9500€
    <b>Gonnelli:</b> Barbault, <i>Les plus beaux Monuments de Rome,</i> 1761-1766. Starting price 5500€
    <b>Gonnelli:</b> Watson, <i>Dendrologia Britannica,</i> 1825. Starting price 380€
  • <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> DADA - <i>Cabaret Voltaire.</i> A collection of artistic and literary contributions. Edited by Hugo Ball. CHF 5,000 to 8,000.
    <b>Koller, Mar. 29:</b> EXPRESSIONISM - <i>Der Sturm.</i> Weekly magazine for culture and the arts. Almost complete suite from the years 1910 to 1932. CHF 20,000 to 30,000.
    <b>Koller, Mar. 29:</b> LISBON EARTHQUAKE - <i>Augsburg collection of copper engravings of Lisbon. CHF 40,000 to 60,000.
    <b>Koller, Mar. 29:</b> Hamilton, William. <i>Campi Phlegraei. Observations on the Volcanos of the Two Sicilies as they have been communicated to the Royal Society of London.</i> Naples, 1776-1779. CHF 50,000 to 70,000.
    <b><center>Koller Auctions<br>Books & Autographs<br>29 March 2023</b>
    <b>Koller, Mar. 29:</b> Leonardi, Domenico Felice. <i>Le Delizie della villa di Castellazzo descritte in verso dall'abbate Domenico Felice Leonardi lucchese fra gli Arcadi Ildosio Foloetico.</i> Milan, 1743. CHF 12,000 to 18,000.
    <b>Koller, Mar. 29:</b> Zwingli, Huldrych. <i>Von erkiesen und freyhait der speisen. Von ergernusz und Verbößerung. Ob man gewalt hab die speyß zu etlichen zeyten verbieten [...]</i>. CHF 2,500 to 4,000.
    <b>Koller, Mar. 29:</b> HENDRIK VAN VULLENHOE, UMKREIS. Benedictional and other texts for Johannes von Venningen, Bishop of Basel. Latin manuscript on parchment. CHF 50,000 to 80,000.
    <b>Koller, Mar. 29:</b> Gujer, Hans Rudolf. Master typist's book by Hans Rudolf Gujer from Wermetschweil (Wermatswil). German manuscript on paper. CHF 3,000 to 5,000.

Rare Book Monthly

Articles - December - 2022 Issue

A New Player Is Selling Fractional Shares of Books

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Offer for Darwin's Origin of Species (from Showpiece website).

“His treatise pioneered the development of modern sciences, forever changing the way that mankind looked at the nature of life.1” He would be Charles Darwin and his treatise was On the Origin of Species. Published in 1859, it totally changed the way people think about themselves, life, and our place in it. Many people did not like this, and still don't. Over a century and a half later it is still controversial, but it is one of if not the most important science book ever written. And now, you can own a piece of the 1859 first edition, a piece because most people cannot afford to own the whole book by themselves.

 

There is a new player in the field of selling fractional shares of great books, this one based in England. Rally Rd has been around a couple of years selling fractional shares of collectibles in America. Showpiece evidently hopes to grab a share of that market and likely more of it in the U.K. and Europe. Fractional shares is perhaps a form of collecting, but one that isn't really much more than a financial investment, though Showpiece says it is not. More on that later. Owners will never get to touch their copy, put it on their bookshelf, show it to their friends. They do get a certificate, something like a stock certificate, but it is meaningless as ownership is recorded elsewhere. Hang it on your wall if you like but it will impress no one.

 

The way it works is very simple. You go to their website where you can read about the book and place an order. You can purchase as few as one and presumably as many as all shares still available. For Darwin's Origin there are a total of 5,500 shares. Each is priced at $60.13 which comes to $330,715 in total. That seems a bit on the high side but it appears to be in excellent condition, though it was once in a lending library. Condition is the critical factor here.

 

As of late November, they said they had sold 2,380 shares so far with 56.7% of the shares remaining. It will be offered through February 27, 2023, but perhaps all will be gone sooner. Their numbers indicate that the average buyer is buying 20 shares or over $1,000 worth.

 

The obvious next question is how do you sell your shares when you want to cash out? There are two possibilities. One is through the Showpiece Marketplace. You can list your shares for sale there at whatever price you choose. Naturally, there is no guarantee you will find a buyer.

 

The other possibility is that someone will want to buy the entire book. In that case, the shareholders will take a vote on whether to accept the offer. If 60% of the shares vote to accept the offer, the proceeds of the sale will then be distributed to the shareholders.

 

At the moment, Showpiece is not taking orders from customers in the U. S. They did earlier and plan to again. We imagine there must be some legal issues though they aren't clear as to why. They say, “We want to ensure we always place our collector’s experience above all else and believe that at the minute this means taking our US site offline for new users and revising our offering.” That really doesn't explain anything.

 

Earlier, we noted that Showpiece says this is not meant to be an investment. To the question “Is this an investment product?” they say, “No. Pieces are not an investment. Showpiece makes fractional ownership of rare collectables available for our collectors’ enjoyment.” I'm not sure how one enjoys something they cannot ever touch or see. It's more like owning stock. The only type of “enjoyment” you get from that is if the price goes up. I suspect this is more of a caution (or, in the vernacular, cover your ass) as there is a good chance this won't be a profitable investment, or not for a very long time. In whatever you choose to invest, you need to be careful and this is no exception.

 

1Quote taken from Showpiece website.

Rare Book Monthly

  • <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Johann Wolfgang von Goethe: Autograph album leaf signed, 1826. €9,000 to €12,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Franz Kafka: Autograph letter unsigned, 1924. €15,000 to €20,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Torquato Tasso: Autograph poem signed, no date. €12,000 to €16,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Charles Darwin: Autograph letter signed, 1866. €4,500 to €6,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Albert Einstein: Autograph letter signed, 1933. €6,000 to €8,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Heinrich Hertz: Autograph manuscript signed, 1889. €18,000 to €24,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Giambattista Bodoni: Autograph letter signed, 1787. €900 to €1,200.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Francisco de Goya: Autograph letter signed, 1789. €18,750 to €25,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Martin Luther: Notes from his desk, no date. €30,000 to €40,000.
    <b><center>Stargardt Autographenhandlung<br>Autographs: Literature, Music, Art, Science, History, Theatre & Film<br>March 28, 2023</b>
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Ludwig van Beethoven: Autograph letter signed, 1816. €22,500 to €30,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Gustav Mahler: Foto portrait signed and annotated, 1907(?). €7,500 to €10,000.
    <b>Stargardt Autographenhandlung, Mar. 28:</b> Bed?ich Smetana: Autograph letter signed, 1883. €4,500 to €6,000.
  • <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Roman binding.- Pindar. <i>Olympia, Pythia, Nemea, Isthmia,</i> translated by Johannes Lonicer, contemporary Roman binding by Niccolo Franzese, Basel, 1535. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Raverat (Gwen). Comprehensive album of 530 wood engravings, circa 1909-1950. £40,000 to £60,000.
    <b>Forum, Mar. 30:</b> Hemingway (Ernest). <i>Fiesta,</i> first English edition, first impression dust-jacket, 1927. £15,000 to £20,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Fleming (Ian). <i>Casino Royale,</i> first edition, first impression, 1953. £12,000 to £18,000.
    <b>Forum, Mar. 30:</b> Dickens (Charles). <i>Great Expectations,</i> 3 vol., first edition, first impression, Chapman and Hall, 1861. £10,000 to £15,000.
    <b>Forum, Mar. 30:</b> Campbell (Colen) & others. <i>Vitruvius Britannicus, or The British Architect...,</i> 5 vol., vol.1-3 later editions, vol.4 & 5 first editions, [?1731]-31-67-71. £10,000 to £15,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Geography.- Mela (Pomponius). <i>Cosmographia, sive De situ orbis,</i> Venice, Franciscus Renner de Heilbronn, 1478. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> America.- [?Espinosa y Tello (José)]. <i>Relacion del Viage hecho por las Goletas Sutil y Mexicana en el Año de 1792,</i> 2 vol. including Atlas, first edition, Madrid, 1802. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Australasia.- Péron (Francois) and Louis-Claude de Saulces de Freycinet. <i>Voyage de Découvertes aux Terres Australes,</i> 5 vol. including Atlas, second edition, Paris, 1824. £8,000 to £12,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts and Works on Paper<br>30th March 2023</b>
    <b>Forum, Mar. 30:</b> Botany.- Curtis (William). <i>The Botanical Magazine; or, Flower-Garden Displayed,</i> 83 vol. in 62, 1794-1956. £8,000 to £12,000.
    <b>Forum, Mar. 30:</b> Darwin (Charles).- Lecky (W.E.H.) <i>The Rise and Influence of Rationalism in Europe,</i> 2 vol., Darwin's copy with inscription "Charles Darwin 1865", pencil marginalia and pencil notes, 1865. £7,000 to £10,000.

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