Rare Book Monthly

Articles - October - 2007 Issue

A Bookseller's Dream, A Book Seller's Nightmare

A Flavius Josephus sold for ­78,000 at Sotheby's

A Flavius Josephus sold for ­78,000 at Sotheby's


By Michael Stillman

A story recently came out of England that brings an ethical issue no one in the book trade enjoys facing to the forefront. It is a story that may not have bad guys, but it certainly has no good guys either. The issue is the age-old one of what, if anything, can we/should we do when an ignorant owner sells off valuable antiquarian books for a tiny fraction of their worth? One suspects this goes on more than we care to acknowledge, but rarely does it show up quite so starkly. In this case, the seller was a theological library, the buyer a bookseller.

The story begins in 2002 when trustees of the library of the Diocese of Truro conclude that they must make more room on their shelves for new books. This is a working library, not an antiquarian one, and they notice that many of the older tracts rarely if ever are consulted. The centerpiece of these older books is the library of Bishop Henry Phillpotts, donated to the diocese over a century earlier. These may have once been read with awe and reverence, but records indicate no one has looked at any of them in the past ten years. They are taking up space. The logical choice, for a working library, is to clear them away to make room for the new. So far all is well.

Next, the library begins the process of finding a buyer. Here is where it all goes wrong. Evidently, neither the trustees nor librarian have any idea as to what they might be worth. Essentially, they look like too many shelves of old religious books, and in general, such titles are not among the more valuable. The library apparently asks around, and places a small notice in the publication of the ABA (England's Antiquarian Booksellers Association). However, this note mentions only that they are seeking an appraisal for insurance purposes. Reportedly, three ABA booksellers responded, but the library never followed through.

Some time later, three other booksellers offer bids. It is not clear how these particular sellers became aware of the library, but few, if any others ever knew of the planned sale. The highest bid comes from London dealer John Thornton, a specialist in theological books. He bids £35,000 in 2004 (Americans – double the number of English pounds for an approximate U.S. equivalent). Runner up is said to be £20,000. Again, the library does little follow up. In 2006, Thornton comes back and ups his bid, ever so slightly, to £36,000. At this point, the library is getting tired of housing all of these old books and apparently wants very much to be rid of them. It also appears that they think that this bid must be fair since neither of the other dealers offered nearly so much. The bid is accepted.

You can see where this is going. That fall, Thornton carts away the books, three van loads. Next, some of these books start showing up at auction, first Dominic Winter, later Sotheby's. It becomes clear that Thornton has done quite well for himself.

Rare Book Monthly

  • Swann, June 12: Lot 3:Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000. Swann, June 12: Lot 3:Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000.
    Swann, June 12: Lot 3:
    Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000.
    Swann, June 12: Lot 3:
    Thomas McKenney and James Hall, History of the Indian Tribes of North America, 1848-1854. Estimate $3,000 to $4,000.
    Swann, June 12: Lot 8:
    Invoice to the Town of Boston for advertising pre-revolutionary content in the Boston Post Boy, manuscript document, Boston, July 1768. Estimate $5,000 to $7,500.
    Swann, June 12: Lot 13:
    Clairac and Nicola, L'Ingenieur de Campagne; or, Field
    Swann, June 12: Lot 81:
    Journals of Major Robert Rogers . . . of the Several Excursions he Made . . . upon the Continent of North America, London, 1765. Estimate $4,000 to $6,000.
    Swann, June 12: Lot 99:
    Photograph albums and papers from the family of W.G. Fargo, photo albums containing 442 photographs, 1865-88. Estimate $3,000 to $4,000.
    Swann, June 12: Lot 112:
    Isaac Leeser, Discourses on the Jewish Religion, 10 volumes, Philadelphia: Sherman & Co., 1866-1868. Estimate $6,000 to $9,000.
    Swann, June 12: Lot 176:
    Frederick Douglass, Narrative of the Life of Frederick Douglass, an American Slave, Boston, 1845. Estimate $4,000 to $6,000.
    Swann, June 12: Lot 190:
    Thomas Hariot, Admiranda narratio fida tamen, de commodis et incolarum ritibus Virginiae, 1590. Estimate $25,000 to $35,000.
    Swann, June 12: Lot 200:
    Correspondence of a regimental cavalry commander in Wyoming and Utah, July 1865 to February 1866. Estimate $4,000 to $6,000.
    Swann, June 12: Lot 226:
    Maturino Gilberti, Vocabulario en lengua de Mechuacan / Aqui comienca el vocabulario en la lengua Castellana y Mechuacana, 1559. Estimate $8,000 to $12,000.
  • Sotheby'sBibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
Sotheby'sBibliothèque Jacques Dauchez - Autour de Dubuffet
5-19 June
    Sotheby's
    Bibliothèque Jacques Dauchez - Autour de Dubuffet
    5-19 June
    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 & DelettrezLivres & Manuscrits ArméniensJeudi 12 juin 2025Paris, Francis Gros & DelettrezLivres & Manuscrits ArméniensJeudi 12 juin 2025Paris, Francis
    Gros & Delettrez
    Livres & Manuscrits Arméniens
    Jeudi 12 juin 2025
    Paris, Francis
    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
    Gros & Delettrez, June 12: CHARAKNOTS, manuscrit daté 1606, reliure arménienne
    Gros & Delettrez, June 12: CHARAKNOTS, manuscrit début XVIIIe siècle, reliure arménienne
    Gros & Delettrez, June 12: CHARAKNOTS, Amsterdam 1664
    Gros & Delettrez, June 12: CHARAKNOTS, Amsterdam 1702, reliure arménienne
    Gros & Delettrez, June 12: DICTIONNAIRE arménien, manuscrit XVIIe-XVIIIe siècle.
    Gros & Delettrez, June 12: EVANGILE, manuscrit 1735-1737, reliure arménienne
    Gros & Delettrez, June 12: LIVRE DE PRIERES, Grégoire de Narek, manuscrit
    Gros & Delettrez, June 12: GEOGRAPHIE, Ghoukas INDJIDJIAN, Venise 1802-1806
    Gros & Delettrez, June 12: MANUSCRIT THEOLOGIQUE, XVIe-XVIIe siècle
    Gros & Delettrez, June 12: MASHTOTS, manuscrit XVIIIe-XIXe siècle, reliure arménienne
    Gros & Delettrez, June 12: LETTRE ENCYCLIQUE, manuscrit XIXe siècle
    Gros & Delettrez, June 12: NOUVEAU TESTAMENT, Amsterdam 1668, reliure arménienne
  • Rose City Book & Paper FairJune 14-15, 20251000 NE Multnomah, PortlandROSECITYBOOKFAIR.COM Rose City Book & Paper FairJune 14-15, 20251000 NE Multnomah, PortlandROSECITYBOOKFAIR.COM
    Rose City Book & Paper Fair
    June 14-15, 2025
    1000 NE Multnomah, Portland
    ROSECITYBOOKFAIR.COM
    Rose City Book & Paper Fair
    June 14-15, 2025
    1000 NE Multnomah, Portland
    ROSECITYBOOKFAIR.COM

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