Month: December 2010

Rare books from Hesketh family go under the hammer for £15m

Source: Northampton Chronicle

A RECORD-breaking auction of books and drawings once belonging by the family who own Towcester Racecourse has raised nearly £15 million.

Some of the world’s rarest books collected by Frederick, 2nd Lord Hesketh, went under the hammer at Sothebys in London this month.

The collection was built up by successive generations of the Fermor-Hesketh family, who lived at Easton Neston House and still own Towcester Racecourse.

Before the bibliophile’s collection went under the hammer it was predicted the sale would raise between £8 and £11 million, but the collection of 50 lots exceeded expectation and sold for a staggering £14,971,950.

Among the books sold was John James Audubon’s Birds of America which set a new world record for any printed book sold at auction when it fetched £7.3 million.

David Goldthorpe, Sotheby’s director, books and manuscripts department, said: “Lord Hesketh’s magnificent copy of Audubon’s Birds of America fully deserved the extraordinary price it achieved, which represents a record price for a printed book at auction.

“It is a remarkable work, both in terms of its scale, and in terms of the dedication that went into producing it.

“To have handled such rare and splendid volumes has been a privilege and a joy.”

A spokeswoman from Sotheby’s said there was a “fiery enthusiasm among four collectors bidding on the phones and in the room drove the price rapidly beyond pre-sale expectations.”

The book, which contains 435 individual hand-coloured plates, each one a life-size depiction of the birds, was eventually bought by London dealer Michael Tollemache, who described the work after the sale as “priceless”.

Also fetching impressive bids at the auction was a textually complete copy of the First Folio of William Shakespeare, described as “one of the most important books in English literature” and the first collected edition of Shakespeare’s plays, which sold for £1,497,250.

A watercolour called The Four Seasons Rose by Pierre-Joseph Redoute also set a record for a watercolour by the artist sold at auction.

AbeBooks' Most Expensive Sales in 2010

Source: ABE.com

It was a bumper year for rare bookselling on AbeBooks. Our top 10 list of the most expensive sales of 2010 includes nothing priced under $14,000. The top sale was a very rare Islamic manuscript, around 800 years old, for a whopping $45,000. The sale of the archives of Italian journalist Oriana Fallaci, for almost $29,000, raised a lot of eyebrows in Italy. Fallici died in 2006 but is still remembered for her revealing interviews of major international figures.

The list is broad and varied. A fine press edition of Moby Dick by Herman Melville sold for $28,900 – the Grolier Club described it as one of the most beautiful books of the 20th century. There was a first edition of Ian Fleming’s Casino Royale – a novel with a head-turning dust jacket design. There was also a set of botanical magazines, more Melville and an Ottoman Atlas.

We also showcase the most expensive sales in children's books, art books, photography, poetry, religious & theology books, science books, ephemera, flower books, modern firsts, romance, science fiction & fantasy and books written by a President.

Take a moment to discover what is now sitting on the bookshelves of the world’s big-spenders.

AbeBooks' Top 10 Most Expensive Sales in 2010

1. Arabic Manuscript of Al Wajaza Fi Sihhat Il Qawl Bi l Ijaza - $45,000
This is an important work on Hadith methodology (narrations concerning the words and deeds of the Islamic prophet Muhammad) that was originally written in the 10th century AD. This copy was published in the 12th-13th century A.D. and contained an ownership mark on the title page from a well known scholar called Ibrahim B. Sulleymanb Muhammad B. Abd Ul Aziz Al Hanafi Al Jinini, who bought it while living in Damascus in 1659 A.D.

2. Archive of Letters, Manuscripts, Documents, Articles and Ephemera by Oriana Fallaci - $28,994
An original archive of the personal files of one of the 20th century's most celebrated, notable and influential women. Fallaci was an Italian writer and journalist who was an accomplished war reporter - in Vietnam, Latin America, the Middle East and the Indian sub-continent but made her name with stunning star interviews which were meticulously researched and often lasted several hours. Some of her more famous moments included ripping off her chador while interviewing Ayatollah Khomeini, throwing a microphone at Muhammad Ali's face when he belched in answer to one of her questions, and quoting the Shah of Iran as saying “Women are important ... only if they're beautiful and charming and keep their femininity... you're equal in the eyes of the law, but not ... in intelligence." She spoke English, French, Spanish as well as Italian and hated to use interpreters, she described her interviews as "coitus" and "a seduction".

The archive itself features thousands of pages, totalling over 50 pounds of papers, mostly categorized by subject and includes the personal research materials and handwritten notes from the woman that Elizabeth Mehren of the Los Angeles Times described as "the journalist to whom virtually no world figure would say no."
Moby-Dick or, The Whale by Herman Melville - published by The Arion Press. This edition printed in 1981.
Moby-Dick or, The Whale
Herman Melville
Moby-Dick or, The Whale by Herman Melville - published by The Arion Press. sold for $28,900

3. Moby Dick; or The Whale by Herman Melville - $28,900
Super deluxe version of The Arion Press’ 1979 printing of Melville’s classic which was limited to 265 copies. This issue includes 200 engravings and 10 drawings all signed by the illustrator, Barry Moser. This edition has been described as one of the 100 most beautiful books printed in Europe and America in the 20th century by the Grolier Club.

4. The History of the Decline and Fall of the Roman Empire by Edward Gibbon - $27,500
Published in 1776 in six volumes, the first of these volumes was limited to 1,000 copies in its first printing so complete sets of first editions are very rare. The set is considered a major literary achievement as it was adopted as a model for modern historical methodologies and led Gibbon to be described as the first modern historian of Ancient Rome.

5. Casino Royale by Ian Fleming - $19,529
One of the most collectible modern first editions available this was a first edition, first impression copy of Ian Fleming’s first Bond novel, housed in a black quarter morocco solander box made by The Chelsea Bindery.

6. Ottoman Atlas - $19,500
Published in 1860s, this atlas contains 31 hand-colored maps prepared and printed in the Muhendishane I Berri Humayun (the Royal School of Millitary Engineering in Istanbul).

7. The Works of Herman Melville - $17,250
Complete in 16 volumes, this 1922 set was limited to 750 sets, this is No. 258, and contains many first printings, Billy Budd and all the poems except Battle-Pieces, John Marr, and Timoleon as well as the first British printing of Clarel.

8. The Botanical Magazine (42 vols) by William Curtis - $15,592
A collection of the first 42 volumes and index of this magazine launched in 1787. It went on to become the longest running botanical magazine. These first volumes contain more than 1,800 hand-colored plates.

9. Book of Kells - $14,859
This 1990 facsimile edition of the Verlag Luzern edition of this mystic testimony of early Irish Christianity was limited to 1480 copies. Written in German, it contains miniatures (illustrations) of the early Middle Ages and is one of the most beautiful holy books ever created.

10. Commentaries on the Constitution of the United States by Joseph Story - $14,062
Edited by Thomas M. Cooley, a first edition of this famous political commentary. One of only two treatise written about early American constitutional law written by a sitting Supreme Court Justice. Henry Baldwin's General View is the other.

[Top]

Dickens Signed First Editions Bring $104,000 Each

Source: Paul Fraser Collectibles

The pair of books had been a gift to one of Charles Dickens' friends and favorite writers back in 1840

At this time of year, the name of Charles Dickens is never far from many people's minds. His timeless classic 'A Christmas Carol' is as much a part of the holiday tradition as Santa Claus or eating too much turkey, and has been re-told countless times around the world.

But it was two of his other books that caught the attention of collectors, last week, as a couple of very rare signed first editions turned up at auction.

The sale at Sothebys' in London on December 16 featured first-edition copies of 'The Posthumous Papers of the Pickwick Club' and 'The Life and Adventures of Nicholas Nickleby', both signed by Dickens and inscribed to his friend Walter Savage Landor.

Landor was a poet and writer famed for his eccentric nature, and Dickens immortalised him as the character Lawrence Boythorn in his novel 'Bleak House'. Both books were given to Landor in 1840 and inscribed "From his warm admirer Charles Dickens."

Both books had a pre-sale estimate of £30,000 - £50,000, but when the hammer went down each had sold for an impressive £67,250 (including buyer's premium).

Dickens' signature has proven highly sought-after with collectors in recent times, and the value of his autograph has risen by 396.9% in the last 10 years (according to the industry's PFC40 Autographs Index).

A rare letter hand-written by Dickens is currently available on the market for £2,950, and is certain to appreciate in value over time. Dickens work has remained so popular over the years that the majority of his books have stayed in print for over 160 years.

Indeed, his popularity is such that one website is even offering samples of his hair for sale as a truly unique investment. It seems Dickens' appeal for collectors could be as timeless as his stories, and as long as his books are read around the world there will always be value in his memorabilia.

* Click here to view Paul Fraser's Books & Manuscripts stock items for sale - (An amazing group of items!- Debra)

[Top]

Letter to an American Book Hunter

by Andrew Lang

To Philip Dodsworth, Esq., New York.

Dear Dodsworth,
—Let me congratulate you on having joined the army of book-hunters. “Everywhere have I sought peace and found it nowhere,” says the blessed Thomas à Kempis, “save in a corner with a book.” Whether that good monk wrote the “De Imitatione Christi” or not, one always likes him for his love of books. Perhaps he was the only book-hunter that ever wrought a miracle. “Other signs and miracles which he was wont to tell as having happened at the prayer of an unnamed person, are believed to have been granted to his own, such as the sudden reappearance of a lost book in his cell.” Ah, if Faith, that moveth mountains, could only bring back the books we have lost, the books that have been borrowed from us! But we are a faithless generation.

From a collector so much older and better experienced in misfortune than yourself, you ask for some advice on the sport of book-hunting. Well, I will give it; but you will not take it. No; you will hunt wild, like young pointers before they are properly broken.

Let me suppose that you are “to middle fortune born,” and that you cannot stroll into the great book-marts and give your orders freely for all that is rich and rare. You are obliged to wait and watch an opportunity, to practise that maxim of the Stoic’s, “Endure and abstain.” Then abstain from rushing at every volume, however out of the line of your literary interests, which seems to be a bargain. Probably it is not even a bargain; it can seldom be cheap to you, if you do not need it, and do not mean to read it.

Not that any collector reads all his books. I may have, and indeed do possess, an Aldine Homer and Caliergus his Theocritus; but I prefer to study the authors in a cheap German edition. The old editions we buy mainly for their beauty, and the sentiment of their antiquity and their associations.

But I don’t take my own advice. The shelves are crowded with books quite out of my line—a whole small library of tomes on the pastime of curling, and I don’t curl; and “God’s Revenge against Murther,” though (so far) I am not an assassin. Probably it was for love of Sir Walter Scott, and his mention of this truculent treatise, that I purchased it. The full title of it is “The Triumphs of God’s Revenge against the Crying and Execrable Sinne of (willful and premeditated) Murther.” Or rather there is nearly a column more of title, which I spare you. But the pictures are so bad as to be nearly worth the price. Do not waste your money, like your foolish adviser, on books like that, or on “Les Sept Visions de Don Francisco de Quevedo,” published at Cologne, in 1682.

Why in the world did I purchase this, with the title-page showing Quevedo asleep, and all his seven visions floating round him in little circles like soap-bubbles? Probably because the book was published by Clement Malassis, and perhaps he was a forefather of that whimsical Frenchman, Poulet Malassis, who published for Banville, and Baudelaire, and Charles Asselineau. It was a bad reason. More likely the mere cheapness attracted me.

Curiosity, not cheapness, assuredly, betrayed me into another purchase. If I want to read “The Pilgrim’s Progress,” of course I read it in John Bunyan’s good English. Then why must I ruin myself to acquire “Voyage d’un Chrestien vers l’Eternité. Ecrit en Anglois, par Monsieur Bunjan, F.M., en Bedtfort, et nouvellement traduit en François. Avec Figures. A Amsterdam, chez Jean Boekholt Libraire près de la Bourse, 1685”? I suppose this is the oldest French version of the famed allegory. Do you know an older? Bunyan was still living and, indeed, had just published the second part of the book, about Christian’s wife and children, and the deplorable young woman whose name was Dull.

As the little volume, the Elzevir size, is bound in blue morocco, by Cuzin, I hope it is not wholly a foolish bargain; but what do I want, after all, with a French “Pilgrim’s Progress”? These are the errors a man is always making who does not collect books with system, with a conscience and an aim.

Do have a specially. Make a collection of works on few subjects, well chosen. And what subjects shall they be? That depends on taste. Probably it is well to avoid the latest fashion. For example, the illustrated French books of the eighteenth century are, at this moment, en hausse. There is a “boom” in them. Fifty years ago Brunet, the author of the great “Manuel,” sneered at them. But, in his, “Library Companion,” Dr. Dibdin, admitted their merit. The illustrations by Gravelot, Moreau, Marillier, and the rest, are certainly delicate, graceful, full of character, stamped with style. But only the proofs before letters are very much valued, and for these wild prices are given by competitive millionaires. You cannot compete with them.

It is better wholly to turn the back on these books and on any others at the height of the fashion, unless you meet them for fourpence on a stall. Even then should a gentleman take advantage of a poor bookseller’s ignorance? I don’t know. I never fell into the temptation, because I never was tempted. Bargains, real bargains, are so rare that you may hunt for a lifetime and never meet one.

The best plan for a man who has to see that his collection is worth what it cost him, is probably to confine one’s self to a single line, say, in your case, first editions of new English, French, and American books that are likely to rise in value. I would try, were I you, to collect first editions of Longfellow, Bryant, Whittier, Poe, and Hawthorne.

As to Poe, you probably will never have a chance. Outside of the British Museum, where they have the “Tamerlane” of 1827, I have only seen one early example of Poe’s poems. It is “Al Aaraaf, Tamerlane, and Minor Poems, by Edgar A. Poe. Baltimore: Hatch and Dunning, 1829, 8vo, pp. 71.” The book “came to Mr. Locker (Mr. Frederick Locker-Lampson), through Mr. R. H. Stoddard, the American poet.” So says Mr. Locker-Lampson’s Catalogue. He also has the New York edition of 1831.

These books are extraordinarily rare; you are more likely to find them in some collection of twopenny rubbish than to buy them in the regular market. Bryant’s “Poems” (Cambridge, 1821) must also be very rare, and Emerson’s of 1847, and Dr. Oliver Wendell Holmes’s of 1836, and Longfellow’s “Voices of the Night,” 1839, and Mr. Lowell’s “A Year’s Life;” none of these can be common, and all are desirable, as are Mr. Whittier’s “Legends of New England” (1831), and “Poems” (1838).

Perhaps you may never be lucky enough to come across them cheap; no doubt they are greatly sought for by amateurs. Indeed, all American books of a certain age or of a special interest are exorbitantly dear. Men like Mr. James Lenox used to keep the market up. One cannot get the Jesuit “Relations”—shabby little missionary reports from Canada, in dirty vellum.

Cartier, Perrot, Champlain, and the other early explorers’ books are beyond the means of a working student who needs them. May you come across them in a garret of a farmhouse, or in some dusty lane of the city. Why are they not reprinted, as Mr. Arber has reprinted “Captain John Smith’s Voyages, and Reports on Virginia”? The very reprints, when they have been made, are rare and hard to come by.

There are certain modern books, new books, that “go up” rapidly in value and interest. Mr. Swinburne’s “Atalanta” of 1865, the quarto in white cloth, is valued at twenty dollars. Twenty years ago one dollar would have purchased it. Mr. Austin Dobson’s “Proverbs in Porcelain” is also in demand among the curious. Nay, even I may say about the first edition of “Ballades in Blue China” (1880), as Gibbon said of his “Essay on the Study of Literature:” “The primitive value of half a crown has risen to the fanciful price of a guinea or thirty shillings,” or even more. I wish I had a copy myself, for old sake’s sake.

Certain modern books, “on large paper,” are safe investments. The “Badminton Library,” an English series of books on sport, is at a huge premium already, when on “large paper.” But one should never buy the book unless, as in the case of Dr. John Hill Burton’s “Book-Hunter” (first edition), it is not only on large paper, and not only rare (twenty-five copies), but also readable and interesting. {7} A collector should have the taste to see when a new book is in itself valuable and charming, and when its author is likely to succeed, so that his early attempts (as in the case of Mr. Matthew Arnold, Lord Tennyson, and a few others of the moderns) are certain to become things of curious interest.

You can hardly ever get a novel of Jane Austen’s in the first edition. She is rarer than Fielding or Smollett. Some day it may be the same in Miss Broughton’s case. Cling to the fair and witty Jane, if you get a chance. Beware of illustrated modern books in which “processes” are employed. Amateurs will never really value mechanical reproductions, which can be copied to any extent. The old French copper-plate engravings and the best English mezzo-tints are so valuable because good impressions are necessarily so rare.

One more piece of advice. Never (or “hardly ever”) buy an imperfect book. It is a constant source of regret, an eyesore. Here have I Lovelace’s “Lucasta,” 1649, without the engraving. It is deplorable, but I never had a chance of another “Lucasta.” This is not a case of invenies aliam. However you fare, you will have the pleasure of Hope and the consolation of books quietem inveniendam in abditis recessibus et libellulis.

[Top]

Collecting Literary Treasures

Source: Wall Street Journal
By: GORAN MIJUK

This is part of a very interesting article about book collecting in the Wall Street Journal. I suggest you follow the link I have supplied to read the entire article. Enjoy!

Collecting books is about passion, not words. "There is nothing at all like the frisson one gets opening a book catalog and paging through, looking for treasures," says Annette Campbell-White, a prominent book collector and venture capitalist from New Zealand.

When she sold part of her library, which included first editions such as James Joyce's "Ulysses" and Marcel Proust's "A la Recherche du Temps Perdu" in 2007 at auction house Sotheby's in London for about £1.28 million, it was because she had lost interest in some of them. "I realized that I had a wonderful collection," says Ms. Campbell-White, who focused on books that were related to the list of 100 important modern novels picked by English critic Cyril Connolly in his 1965 work "The Modern Movement." "But a number of books and authors in my collection were there just because they belonged on the list. They were like cuckoos in the nest of my bookshelf. The collection had become valuable, but it didn't represent anymore where my tastes were evolving." A smaller library gave her a fresh opportunity to reignite her collecting drive and develop a more personal theme. When she recently bought a drawing by French artist Jean Cocteau of French author Raymond Radiguet, which was made when the two had a love affair in 1921, her passion was back. "And that's the thing—the idea of collecting drawings, portraits, even letters and inscribed books and manuscripts by authors I care about is deeply interesting to me."

Collecting books dates back to antiquity and is continuing to kindle hearts in our day even as we are witnessing the impact of the digital age on the centuries-old printing trade. Electronic publishing is crippling book prices, but provides collectors with a new channel to find their treasures more easily. The desire to obtain wisdom in paper form—which Italian writer and collector Umberto Eco calls "vegetable memory"—builds the noble root of bibliophilism. But for a collector, first and rare editions are valuable and significant because they put a work in its exact historical context, giving them a romantic meaning that goes beyond the words printed on the page. For many collectors, it is as if history is becoming alive and they are able to travel to the past.

Greek philosopher Aristotle (384 B.C.-322 B.C.) is considered one of the first bibliophiles to have amassed manuscripts and parchment roles to gather knowledge that would illuminate his own writing. His example inspired Roman intellectuals such as Cicero (106 B.C.-43 B.C.) and shined into the Middle Ages and the Renaissance, when Italian poet Petrarch (1304-74) embarked on a humanist quest to build a library of around 200 anthologies during his 70-year life.

READ MORE

[Top]

What makes a book of birds worth £7 million?

Source: London Evening Standard
by: Jim McCue

Perhaps the most astonishing thing about the sale of a copy of Audubon's Birds of America on Tuesday at Sotheby's for £7,321,250 is that it is not an especially rare book.

But it doesn't take a book collector to see that it is a exceptionally beautiful and astonishing one.

Michael Tollemache, the dealer who bought it this week, told me that Audubon had always been a “heroic figure” for him, and described this particularly desirable copy as “priceless”.

From the time the great ornithologist conceived the idea of painting all of America's birds in their natural habitats, in the 1820s, it took more than a decade to locate them (and often shoot them). The scale of his ambition exceeded the resources of America's publishers, and the book was finally published in Britain in 1838.

He spent an astonishing $115,000 on the enterprise, and the book cost its subscribers $1,000. For this they received 435 enormous, hand-coloured plates. The four “double-elephant” volumes stand more than three feet tall, and the book is said to be the only one ever to have been delivered in crates with wheels.

A book this conspicuous tends not to suffer the dog-earing, coffee rings and scuffing that lesser books are prey to, and of fewer than 200 copies printed, 119 are known to survive. So in absolute terms, with more than a dozen in Britain alone, this is not a rare book.

To some dealers, its sale will be less exciting than the discovery in 2006 of the only copy of a Shelley poem printed in 1811. When books that are genuinely unique like this turn up, they tend to be bought by institutional libraries, so there may never be another chance to buy them.

By comparison, copies of magnificent books like the Audubon or Shakespeare's First Folio still come round quite regularly at auction, so that they become a kind of index.

So what is this an index of? Michael Tollemache is not a book dealer but an art dealer. “Of course they are not books,” he told me yesterday. “They just happen to have been bound. This tells us absolutely nothing about the book market in general.”

Although he bought it for stock, he knows that a huge, impressive series of paintings will appeal to the super-rich. They needn't know anything about books, or even read the language.

It is no coincidence that the world record for English furniture was broken on Tuesday too, with a Chippendale commode selling for £3,793,250.

With returns on the financial markets being so uncertain, these are investments in a global league where the very best can reach almost any price. Only a month ago a Chinese vase went to 40 times its high estimate, making £51 million.

Lower down the scale, though, books have not kept pace with inflation over the past decade. If you don't insist on having the best copy in the world, you can buy a first or early edition of the majority of our great works of literature for less than £1,000, many for less than £50.

[Top]

World Most Expensive Book Sells for 11.5MM Dollars

Source: Guardian.co.uk

A copy of John James Audubon's Birds of America tonight became the most expensive book ever sold when it went under the hammer at Sotheby's for £7.3m. The auction was a rare chance to own one of the best preserved editions of the 19th century masterpiece, with its 435 hand-coloured illustrations, seen as a key volume on US natural history.

It was sold to an anonymous collector bidding by telephone, the auction house said. Each individual picture is so valuable there have been some fears the volume could be broken up and sold as 435 separate works of art. Experts believe that unlikely: the tome is probably more valuable intact.

And collectors hold Audobon in such reverence that the notion of ripping apart a perfect copy would be akin to sacrilege.

"Audubon's Birds holds a special place in the rare book market for several reasons," said Heather O'Donnell, a specialist with Bauman Rare Books in New York. "The book is a major original contribution to the study of natural history in the New World.

"It's also one of the most visually stunning books in the history of print: The scale of the images, the originality of each composition, the brilliance of the hand coloring."

The Birds of America plates were printed in black and white and hand-coloured afterwards, and made from engravings of Audubon's watercolours. The book measures more than 3 ft by 2 ft (90 cm by 60cm) because he wanted to paint the birds life size.

[Top]

Its Official: Decision Points "Limited" Edition a Bad Joke by Stephen Gertz

Stephen Gertz in his just published Booktryst article "Its Official: Decision Points "Limited" Edition a Bad Joke" has done it again. He has brought the full force of his considerable intellect to evaluate the "collectible value" of former President Bush's new book just published by Crown. He shows it for the "collectible" farce that it is. Read the full article HERE

Booktryst's controversial report about the limited edition of former President George W. Bush's new book, Decision Points, has been vindicated by new facts that have emerged since the original post.

The "limitation" is to a staggering 4,500 copies, a number so large that the edition has lost all credibility as a collectible and claim to being special...

...

And the lack of a limitation statement in the book declaring the number of copies in the edition is a huge caveat emptor/collector. A truly collectible limited edition book always states the number of copies printed.

Once again, this is not a viable book from a collecting point of view. It will never become rare. And it is unlikely to ever appreciate in value; indeed, with 4,500 copies in circulation the aftermarket for the book will likely decline. $350 for the limited edition? Buyers are being stiffed. It harkens back to the days when a limited edition of a clandestinely published book was limited only by the number of copies the publisher could sell. It was a racket.

By not wanting to "disappoint consumers" Crown has betrayed them. They've sullied the rare book collectibles market with this nonsense, attracting naive or budding collectors who are now, once burned, likely wary of book collecting as a hobby. By marketing it as a "collectible," over-selling it without any update to their original announcement, and omitting any mention of the limitation number on the limitation page (because the limitation leaves were pre-printed, signed by President Bush, and then inserted into the already-bound book), the publisher has doomed it as a collectible; it will never have any appreciable market value.

Read the full article HERE

[Top]