One of the many charts now available on AE provides detailed pricing information by auction house.
By Michael Stillman
The value of rare and collectible books inched up ever so slightly last year, auction records compiled by the Americana Exchange have revealed. The median price for books and related ephemera at auction rose from $420 to $423 last year. While the good news for sellers and those who own collections is that prices managed to go up, the bad news is they rose more slowly than inflation. The rise in the AEI (Americana Exchange Index) was but 0.7%. The rise in the CPI (Consumer Price Index) was 2.5%.
Similar to the CPI, the AEI slipped by 1% from 2005. Median book prices rose by 1.7%, from $413 to $420, last year, vs. 0.7% this year. Likewise, the CPI was 1% higher last year, 3.5% vs. 2.5% this year.
These results reflect pricing at the mid to higher end of the book spectrum. Inexpensive books are rarely sold at auction. Therefore these results do not necessarily carry over to the lower end of the book market. The ever-increasing number of low to mid priced books offered through online selling sites and eBay may well have placed added pressure on prices at this end of the market. Auction sales only show trends for mid to upper level books. However, it is possible that increased competition at the mid levels where books sold online and at auction intersect has had an impact on sales at auction. While there were occasional aberrant years, the dominant trend throughout the twentieth century was for the price of collectible books to grow at several times the rate of the CPI. Book prices trailing the CPI, as they have the past two years, is unusual.
The average price for books sold at auction was $2,557 for 2006, a drop of almost $200. However, this is not considered to reflect trends in pricing as accurately as median prices since averages can readily be skewed by the number of very valuable items coming up for sale in any given year. Average prices often swing wildly from year to year while median prices move at more gradual, consistent rates.
Sell through at auction also inched up from the prior year in 2006. For the past year, 75% of the book lots offered for sale were purchased, vs. 74% in 2005. Lots sold for more than the high estimate also increased. In 2006, 49% sold above the high estimate vs. 28% below the low estimate. For 2005, the ratio was 48%-29%. However, these numbers can be somewhat misleading since they are based only on lots sold, and many auction houses simply won't sell lots that fall too far below minimum estimates. When lots that did not sell are combined with those sold below the minimum estimate, we find 45% of the lots offered failed to bring the minimum estimate, while 37% brought in more than the maximum estimate.
Koller Auctions Books & Autographs 18 September 2024
Koller, Sep. 18: Cowper, William. Anatomia corporum humanorum ab excellentissimis… Utrecht, 1750. CHF 25,000 to 40,000
Koller, Sep. 18: Bell, Thomas. A Monograph of the Testudinata. London [1836-1842]. CHF 20,000 to 30,000.
Koller, Sep. 18: Gould, John. A monograph of the Trochilidae, or family of humming-birds [and] Supplement completed after the authors death…, London [1849-]1861 and [1880-]1887. CHF 50,000 to 80,000.
Koller Auctions Books & Autographs 18 September 2024
Koller, Sep. 18: Gould, John. The birds of New Guinea and the adjacent Papuan Islands, including many new species recently discovered in Australia. CHF 50,000 to 80,000.
Koller, Sep. 18: Levaillant, François. Histoire naturelle des oiseaux de paradis et des rolliers, suivie de celle des toucans et des barbus. Paris [1801-]1806. CHF 40,000 to 60,000.
Koller, Sep. 18: Pfinzing, Melchior. Die geverlicheiten und einsteils der geschichten des loblichen streytparen…, Nürnberg, 1517. CHF 40,000 to 60,000.
Il Ponte, Sep. 24-25: HAMILTON, Sir William - Campi Phlegraei. Napoli: 1779. € 50,000 - 80,000
Il Ponte, Sep. 24-25: KIRCHER, Athanasius - Turris Babel. Amsterdam: 1679. € 3,000 - 5,000
Il Ponte, Sep. 24-25: EDWARDS, George.London - Gleanings of Natural History. Londra: 1758-1764. € 7,000 - 10,000
Il Ponte, Sep. 24-25: HEVELIUS, Johannes - Cometographia. Danzica: 1668. € 20,000 - 30,000
Il Ponte, Sep. 24-25: KUPKA, Frantisek - Quatre histoires de blanc et noir. Parigi: 1926. € 10,000 - 15,000
Old World Auctions (Sept 11): Lot 732. Early Announcement of Continental Congress' Declaration of Independence (1776) Est. $12,000 - $15,000
Old World Auctions (Sept 11): Lot 361. One of Ortelius' Most Decorative Maps in Full Contemporary Color (1585) Est. $9,500 - $12,000
Old World Auctions (Sept 11): Lot 55. Early Edition of One of the Most Important 16th Century Maps of the New World (1545) Est. $6,000 - $7,500
Old World Auctions (Sept 11): Lot 27. Fascinating Japanese Satirical Map of the World Published After WWI (1924) Est. $2,750 - $3,500
Old World Auctions (Sept 11): Lot 637. Complete Example of De Bry's Petits Voyages, Part VIII (1606) Est. $4,750 - $5,500
Old World Auctions (Sept 11): Lot 50. Extremely Rare Uncut Sheet from Sylvanus's 1511 Edition of Ptolemy's Geographia (1511) Est. $2,000 - $2,300
Old World Auctions (Sept 11): Lot 399. One of the Most Desired Maps of Ireland by John Speed (1610) Est. $2,750 - $3,500
Old World Auctions (Sept 11): Lot 689. Pictorial Map of Melbourne in the Style of MacDonald Gill (1934) Est. $900 - $1,100
Old World Auctions (Sept 11): Lot 652. Blaeu's Carte-a-Figures Map of Africa in Full Contemporary Color (1663) Est. $3,000 - $3,750
Old World Auctions (Sept 11): Lot 729. Hand-Colored Image of David Handing the Letter to Uriah (1518) Est. $1,000 - $1,300
Old World Auctions (Sept 11): Lot 533. Eight-Volume Set Recounting Travels of Anacharsis in Greece (1789) Est. $800 - $950
Dominic Winter Auctioneers September 11 Printed Books, Maps & Manuscripts, The Polydore Vergil bound for Queen Mary I
Dominic Winter, Sep. 11: Exquemelin (Alexandre Olivier). The History of the Bucaniers of America..., 4 parts in one, 3rd edition, 1704. £1,000-1,500
Dominic Winter, Sep. 11: Greenough (George Bellos). A Physical and Geological Map of England & Wales..., Geological Society, July 1865. £5,000-8,000
Dominic Winter, Sep. 11: Illuminated Psalter. Manuscript Psalter with Calendar, Flanders or North-East France, late 13th century. £7,000-10,000
Dominic Winter Auctioneers September 11 Printed Books, Maps & Manuscripts, The Polydore Vergil bound for Queen Mary I
Dominic Winter, Sep. 11: Book of Hours. Illuminated manuscript on vellum, Use of Rome, in Latin, Florence, c. 1470s. £3,000-5,000
Dominic Winter, Sep. 11: Henry VIII (King of England). Assertio septem sacramentorum adversus Martinum Lutherum, Antwerp: Michiel Hillen, 1522. £3,000-5,000
Dominic Winter, Sep. 11: Binding for Queen Mary I of England and Ireland. Polydori Vergilii Urbinatis Anglicae..., 1555. £20,000-30,000
Dominic Winter Auctioneers September 11 Printed Books, Maps & Manuscripts, The Polydore Vergil bound for Queen Mary I
Dominic Winter, Sep. 11: Llwyd (Humphrey). The Breviary of Britayne..., 1st edition in English, 1573. William Lambarde's copy. £2,000-3,000
Dominic Winter, Sep. 11: Embroidered Binding. The Whole Book of Psalmes..., Imprinted for the Company of Stationers, 1634. £700-1,000
Dominic Winter, Sep. 11: Astronomy Manuscript. [Shakerley, Jeremy (1626-c.1655). Tabulae Britannicae, the British tables…], late 17th c. £1,000-1,500
Dominic Winter Auctioneers September 11 Printed Books, Maps & Manuscripts, The Polydore Vergil bound for Queen Mary I
![<b>Koller, Sep. 18:</b> Bell, Thomas. A Monograph of the Testudinata. London [1836-1842]. CHF 20,000 to 30,000.](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/29dc9a36-584c-476d-bc08-834bc3d3902d.png "<b>Koller, Sep. 18:</b> Bell, Thomas. A Monograph of the Testudinata. London [1836-1842]. CHF 20,000 to 30,000.")
![<b>Koller, Sep. 18:</b> Gould, John. A monograph of the Trochilidae, or family of humming-birds [and] Supplement completed after the authors death…, London [1849-]1861 and [1880-]1887. CHF 50,000 to 80,000.](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/d1c7f9bc-1bd9-43a2-9cd9-fa2e0a89d50f.png "<b>Koller, Sep. 18:</b> Gould, John. A monograph of the Trochilidae, or family of humming-birds [and] Supplement completed after the authors death…, London [1849-]1861 and [1880-]1887. CHF 50,000 to 80,000.")
![<b>Koller, Sep. 18:</b> Levaillant, François. Histoire naturelle des oiseaux de paradis et des rolliers, suivie de celle des toucans et des barbus. Paris [1801-]1806. CHF 40,000 to 60,000.](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/dcac6725-5a79-4a9a-8172-9a5e10ccb75b.png "<b>Koller, Sep. 18:</b> Levaillant, François. Histoire naturelle des oiseaux de paradis et des rolliers, suivie de celle des toucans et des barbus. Paris [1801-]1806. CHF 40,000 to 60,000.")
![<b>Dominic Winter, Sep. 11:</b> Astronomy Manuscript. [Shakerley, Jeremy (1626-c.1655). Tabulae Britannicae, the British tables…], late 17th c. £1,000-1,500](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/380fa981-a81a-4cee-8a47-9deac6721ee2.jpg "<b>Dominic Winter, Sep. 11:</b> Astronomy Manuscript. [Shakerley, Jeremy (1626-c.1655). Tabulae Britannicae, the British tables…], late 17th c. £1,000-1,500")
![<b>Dominic Winter, Sep. 11:</b> Vellucent Art Nouveau Binding [Book of Common Prayer] by Herbert Granville Fell, 1900. £1,000-1,500](https://ae-files.s3.amazonaws.com/AdvertisementPhotos/1e4d8ff8-e737-4e16-8a64-bc917748b937.jpg "<b>Dominic Winter, Sep. 11:</b> Vellucent Art Nouveau Binding [Book of Common Prayer] by Herbert Granville Fell, 1900. £1,000-1,500")
