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By: Nia Williams
Stanley Gibbons Investments has launched a rare book index measuring the value of 30 first edition 20th Century classics.
The index will help guide investors and collectors looking to build a rare book portfolio as part of a long-term investment strategy.
The index of first editions includes Ian Fleming’s Casino Royale and Live and Let Die, which are valued at £24,000 and £8,000 respectively; J.R.R. Tolkien’s The Hobbit, valued at £65,000; while F. Scott Fitzgerald’s The Great Gatsby is the highest at £247,000. George Orwell’s Animal Farm has experienced significant value growth according to auction data, rising from £190 to £5,100.
Overall the index has shown 398% growth, an 8.8% annual growth for the last ten years.
“As an authority in the collectibles market, Stanley Gibbons aims to help guide and provide access for investors who are looking to diversify some of their wealth into alternative assets,” said Keith Heddle, managing director of Stanley Gibbons Investments.
“While the index may cause households to start examining their collections, it is important to understand that in order to be investment grade these books must be of a certain condition, have the ‘dust jacket’ still intact and have a particular history and rarity associated with them. That said, they can give immense pride of ownership as well as strong capital growth potential.
“There is a book in everyone and this resonates with investors.”
The rare books index follows the now established rare stamps and coins indices, which Stanley Gibbons says demonstrates these collectibles to be one of the most reliable, long-term ‘buy and hold’ alternative assets for investors looking for portfolio diversification and low volatility.
Over the past 10 years, the GB250 Index, which tracks the performance of the top 250 traded, investment grade British stamps, recorded a CAGR of 11.4%. The GB200 coin index, charting the performance of 200 rare British coins, showed a CAGR of 12.75% without a drop in that time.[Top]
A richly illustrated book of psalms, which is part of the Utrecht University library, has been included on the Unesco Memory of the World register.
The Utrecht Psalter was made in or close to Reims in 830 and includes 150 psalms and 16 Bible verses illustrated in what experts say was a ‘revolutionary’ manner for the time.
It will be on show at the Catharijne convent museum in Utrecht for a month and viewed digitally.
Dutch items on the documentary heritage list include the original Diary of Anne Frank, the archives of the VOC (‘Dutch East India Company’) and Marx’ scheme for his Communist Manifesto and his notes on Das Kapital, which were partly written in the Netherlands.[Top]
By Erin Blakemore
Mold Is Threatening Boston Public Library’s Rare Books
As spores are found in the stacks, it’s time to battle a fuzzy foe
Exposure to mold can have health consequences for humans. But mold can hurt books, too. Fine Books and Collections’ Nate Pedersen reports that a recent outbreak at the Boston Public Library is creating a health hazard for 500,000 rare books — and a real hassle for librarians.
It started with spores, writes Pedersen: After discovering mold on a medieval manuscript and other rare books, the staff of the Boston Public Library’s Rare Books Department decided to close the facility for five to ten weeks as they assess and address the problem — and hand-examine over 500,000 rare books.
Construction at the library could be to blame, reports The Boston Globe’s Andrew Ryan. Library staff tells Ryan that renovations that make it difficult to control the internal temperature of the collection and a recent bout of humidity seems to have contributed to the mold problem. Now, writes Ryan, outside consultants armed with industrial-strength dehumidifiers are at work determining the extent of the problem and attempting to dry out the facility.
Mold is one of the top enemies of archivists, who must protect fragile materials from spores that can lay waste to frail paper and irreplaceable objects. Worldwide, archivists and librarians regularly trade strategies for spotting and remediating mold, which preservationist Sandra Nyberg calls a “distinctly icky” fuzzy foe.
Boston’s collection isn’t the first to struggle with mold in its manuscripts. In 2007, the University of Illinois and Urbana-Champaign’s Rare Book and Manuscript Library suffered from a mold outbreak after a spike in humidity — one that took eight months to address. The process, which library staff described as “harrowing and exhausting,” may be similar to the one Boston Public Library staff are about to undergo. One staffer tells Ryan that the war against mold is “a constant battle” — but one BPL is committed to fighting.
Read more: http://www.smithsonianmag.com/smart-news/mold-threatening-boston-public-librarys-rare-books-180956763/#10oYEs0lc7upvFL0.99
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WATERisLIFE is working on production funding, and our plan is to begin global distribution of The Drinkable Book in early 2015. Contact firstname.lastname@example.org to learn more about The Drinkable Book availability and global partner distribution.[Top]