“Junky” Old Book Taken to Antiques Road Show Turns Out to be Worth $50,000
- by Michael Stillman
Third quarto edition of Shakespeare's King Lear (Swann Galleries photo).
You never know. This story is a follow-up on an account from the Antiques Roadshow where a gentleman showed up with an old book by William Shakespeare. It was published in 1655, old but not extremely so for Shakespeare as he had been dead almost 40 years by then. It was also quite ratty looking. The lesson here is that while condition is of great importance, and first editions are often the only ones of significant value, some books and some authors trump the usual constraints. William Shakespeare is such an author.
The gentleman (Mike) brought some old books for an estimate. They had been collected by his grandfather, passed down to his father and then to him. Rare books expert Devon Eastland of Swann Galleries glanced through them, at first seeing they were old but unspectacular until one caught her eye. It wasn't pretty, but it was a 1655 edition of Shakespeare's King Lear. Not only was it a fairly early Shakespeare but she noted it was a quarto edition. Those are particularly rare. She did some digging into the auction records and discovered it last sold at auction at Sotheby's in 1946. Auction records are usually the best source for estimating values, but that is so long ago it can be hard to use it for accurate appraisals.
The 1655 edition sold at Sotheby's in London for £28. That's about $36 in U.S. dollars, but a lot has changed since 1946. Taking into account inflation, that's around $7,000 today, but even that would be a serious underestimate. Some books increase in value more than others, and early Shakespeare fits the bill. This was a third quarto edition and not only was it old, it was rare. Eastland could only locate 17 other copies of this edition known to still exist.
The third quarto had sold prior to 1946 at Anderson Galleries in 1918, but we do not have the price from that sale. What should be noted of the previous two sales is the provenance. The 1918 copy came from the library of Henry Huntington, one of the greatest collectors of the last century. He did not collect unimportant material. The 1946 copy was sold to legendary British bookseller Maggs Bros., and they would have purchased for discerning collectors, ones who would have been willing to pay considerably more than the auction price.
When Mike presented the book to Eastland on camera, she examined it and noted, “This book doesn't look that great. Looks a little brown. We had trouble setting it up because the front board is detached. Looks like a piece of tape on it. Do you think that looks like a junky book?” She also pointed out that the publisher, Jane Bell, the widow of Moses Bell, has a somewhat shady reputation and might not have had authorization to print it. It might have been a pirated edition.
Mike must have been feeling a bit down at this point, but then Eastland said, “At auction I would conservatively say $10,000 to $15,000.”
Mike responded, “Really?”
Eastland, “Yes.”
Mike, “Wow.”
Eastland, “For this dirty little book.”
Mike, “I knew it was unusual but I had no idea.”
A week later, Eastland received an email from Mike. He was ready to sell. Since the condition was a mess, and the covers weren't original anyway, she rebound it. Then, they put it up for sale at Swann Galleries. It turned out that Eastland's term “conservatively' before her estimate was prophetic. When the bidding at Swann finally stopped, it sold for $57,500 all in, with $46,000 to the seller. Appearances can be deceiving. Beauty turned out to be more than skin deep.
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
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Pietro Aquila, Psyche and Proserpina,1690. Starting price 140€
Gonnelli: Jacques Gamelin, Memento homo quia pulvis es et in pulverem reverteris, 1779. Starting price 300€
Gonnelli: Giorgio Ghisi, The final Judgement, 1680. Starting price 480€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli Goya y Lucientes Francisco, Los Proverbios.1877. Starting price 1000 €
Gonnelli: Domenico Peruzzini, Long bearded old man, 1660. Starting price 2200€
Gonnelli: Enea Vico, Leda and the Swan,1542. Starting price 140€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Andrea Del Sarto [school of], San Giovanni Battista, 1570. Starting price 25000€
Gonnelli: Carlo Maratta, Virgin Mary and Jesus, 1660. Starting Price 1200€
Gonnelli: Louis Brion de La Tour, Sphére de Copernic Sphere de Ptolemée / Le Systême de Ptolemée. Le Systême de Ticho-Brahe…, 1766. Starting price 180€
Gonnelli Auction 59 Antique prints, paintings and maps May 20th 2025
Gonnelli: Marc’Antonio Dal Re, Ville di Delizia o Siano Palaggi Camparecci nello Stato di Milano Divise in Sei Tomi Con espressevi le Piante…, Tomo Primo, 1726. Starting price 7000€
Gonnelli: Katsushika Hokusai, Bird on a branch, 1843. Starting price 100€
Swann, May 15: Lot 4: Helena Bochoráková-Dittrichová, Z Mého Detství Drevoryty, Prague: Obzina, 1929. First trade edition, signed by the artist. $4,000 to $6,000.
Swann, May 15: Lot 4: Helena Bochoráková-Dittrichová, Z Mého Detství Drevoryty, Prague: Obzina, 1929. First trade edition, signed by the artist. $4,000 to $6,000.
Swann, May 15: Lot 10: Nancy Cunard, Negro Anthology, with a tipped-in A.L.S. to Karl Marx's niece, 1934. First edition. $3,000 to $5,000.
Swann, May 15: Lot 14: Margaret Fuller, Woman in the Nineteenth Century, 1845. First edition. $4,000 to $6,000.
Swann, May 15: Lot 17: Lorraine Hansberry, A Raisin in the Sun, inscribed first edition, 1959. $2,000 to $3,000.
Swann, May 15: Lot 28: Margaret Hill Morris, Private Journal Kept during a Portion of the Revolutionary War, for the Amusement of a Sister, 1836. First edition. $3,000 to $4,000.
Swann, May 15: Lot 38: Anna Sewell, Black Beauty: The Autobiography of a Horse, 1877. First edition. $3,000 to $5,000.
Swann, May 15: Lot 43: Gertrude Stein, Portrait of Mabel Dodge at the Villa Curonia, signed presentation copy with photograph of Stein, 1912. First edition. $8,000 to $12,000.
Swann, May 15: Lot 48: Virginia Woolf, To the Lighthouse, first edition in the scarce dust jacket, 1927. $6,000 to $8,000.
Swann, May 15: Lot 54: Katherine Dunham, large archive of material from her attorney, 1951-53. $20,000 to $30,000.
Swann, May 15: Lot 55: Margaret Fuller Signed Autograph Letter, New York City, 1846. $3,000 to $5,000.
Swann, May 15: Lot 92: Sonia Delaunay, illus. & Tristan Tzara, Juste Present, deluxe edition with original gouache, 1961. $20,000 to $25,000.
Swann, May 15: Lot 93: Flor Garduño, The Sonnets of Shakespeare, 2006. Limited edition. $6,000 to $8,000.
Ketterer Rare Books Auction May 26th
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Th. McKenney & J. Hall, History of the Indian tribes of North America, 1836-1844. Est: €50,000
Ketterer, May 26:Biblia latina vulgata, manuscript on thin parchment, around 1250. Est: €70,000
Ketterer, May 26: M. Beckmann, Fanferlieschen Schönefüßchen, 1924. Est: €10,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: A. Ortelius, Theatrum orbis terrarum, 1574. Est: €50,000
Ketterer, May 26: M. S. Merian, Eurcarum ortus, alimentum et paradoxa metamorphosis, 1717-18. Est: €6,000
Ketterer, May 26:PAN, 9 volumes, 1895-1900. Est: €12,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Breviarium Romanum, Latin manuscript, 1474. Est: €15,000
Ketterer, May 26: Quran manuscript from the Saadian period, Maghreb, 16th century. Est: €10,000
Ketterer, May 26: E. Hemingway, The old man and the sea, 1952. First edition in first issue jacket. Presentation copy. Est: €3,000
Ketterer Rare Books Auction May 26th
Ketterer, May 26: Flavius Vegetius Renatus, De re militari libri quatuor, 1553. Est: €3,000
Ketterer, May 26: K. Marx, Das Kapital, 1867. Est: €30,000
Ketterer, May 26: Brassaï, Transmutations, 1967. Est: €6,000
Leland Little, May 21: Signed Artist Proof of the Monumental G.O.A.T.: A Tribute to Muhammad Ali.
Leland Little, May 21: Assorted Rare Publications Related to H.P. Lovecraft, Including The Recluse Signed by Vincent Starrett.
Leland Little, May 21: Two Issues of The Vagrant, Including the First Appearance of H.P. Lovecraft's "Dagon" in Number Eleven.
Leland Little, May 21: Rare First Printing of Anne of Green Gables, With ALS from the Author.
Leland Little, May 21: First Edition of Hemingway's The Old Man and the Sea, In First Issue Jacket.
Leland Little, May 21: The Limited Paumanok Edition of The Complete Writings of Walt Whitman.
Leland Little, May 21: Beautifully Bound Limited Flaubert Edition of The Works of Guy de Maupassant.
Leland Little, May 21: First Edition of Bonaparte's Celebrated American Ornithology, With Spectacular Hand-Colored Plates.
Leland Little, May 21: A Rare Complete Set of Jardine's The Naturalist's Library, With Hand-Colored Plates.
Leland Little, May 21: Invitation to the Lincoln-Johnson National Inaugural Ball, March 4th, 1865.
Leland Little, May 21: A Scarce Inscribed First Edition of James Baldwin's Nobody Knows My Name.
Leland Little, May 21: Picasso's Le Goût du Bonheur, Limited Edition.