According to a representative of the auction house there were about ten consistent bidders for the books, most of them dealers. In typical book sale there are 30 to 250 bidders.
And in a follow-up with Charles F. Shreve, President of Spink-Shreves Galleries, who organized the sale, I inquired if many lots had been turned back to the house because of undisclosed issues. His answer was telling. Of the 1,294 lots offered 1,293 sold and only two returned. In other words 99.92% of the lots sold and less than two tenths of one percent were returned. Those are numbers only a few auction houses ever achieve.
Taken together, the catalogue, the estimates, the advertising and promotion created an event. If the books did less well the stamps exceeded all expectations. Mr. Risvold is no longer with us but his catalogues are. They and the items they describe will be with us for generations to come.
Included is a comparison of 2001-2010 records in the AED with the 149 lots in this sale that more or less overlapped the field of books, manuscripts and ephemera. It suggests the Spink-Shreves did well but that these 149 items would probably have done better if pitched to book collectors.
