2018 - It Was a Very Good Year (for Books and Paper at Auction)
Prices rose sharply at auction in 2018 for collectible books and paper. The median price was up 6% over 2017, reversing a trend of flat to down since 2014. Prices in 2018 were the fifth highest on record. Another 2% increase will be sufficient to take prices above three of those higher years - 2014, 2006, and 2005. However, it will take another 16% to bring them above the skyrocketing prices of 2007, the year before the recession of 2008. Ten years later and there is still ground to make up. That is a reflection of just how serious the recession was. The only longer gap came after the Great...
