Prices of Books: An Inquiry into the Changes in the Price of Books which have occurred in England at different PeriodsWheatley, Henry B. (Henry Benjamin)
History
Prices of Books: An Inquiry into the Changes in the Price of Books which have occurred in England at different Periods
Wheatley, Henry B. (Henry Benjamin)
Books -- Prices -- History
The other evil was the attempt of the booksellers to get rid of some of
their old stock by introducing it into the sales of collectors’
libraries. This trick has already been alluded to.
The frequenters of auctions seem to have been very jealous of being bid
against by any one interested in the sale. This jealousy found voice in
the complaints of Wanley and others at Bridges’ sale in 1726.
The lots were not numbered throughout in the catalogues, but the
octavos, quartos, and folios were each numbered separately, the number
of each section running on from the previous day’s sale. This is very
confusing, as when you look at the end for the purpose of finding the
total number of the lots, you only find the number of folios in the
sale. Millington found that it was not advisable to bid for books, in
case it might be supposed that he was running them up in price, and Mr.
Pollard believes that he adopted a plan of getting men to bid for him.
In corroboration of this view Mr. Pollard refers to a copy of the
catalogue of the libraries of Button, Owen, and Hoel, 7th November 1681,
in the British Museum which belonged to Millington. It has two receipts
by persons whose names are among the bidders for money received from
Millington for various books. “At first sight this seems a reversal of
what we should expect, but after the first few sales the auctioneers had
renounced the right of making bids themselves, lest they should be
accused of running up prices, and Millington had obviously employed
these friends to bid for him.”[45]
Another evil connected with auctions comes from _knocks out_, which are
thoroughly dishonest, and in fact, criminal, being, as they are, a form
of conspiracy, but the agreements of two persons not to bid against one
another are not necessarily to be condemned. Mr. Henry Stevens was very
urgent against any kind of agreement, and in his reminiscences amusingly
describes his frustration of a knock-out; and it has been said that when
the Duke of Roxburghe and Lord Spencer made an agreement, they were
parties to a knock-out; but this view is founded on a fallacy, viz.,
that whatever price a book fetches at public auction is the proper
price. We know, however, that this is not correct; for instance, the
Valdarfer _Boccaccio_ fetched its huge price at the Roxburghe sale
because two great book-buyers with long purses bid against one another.
When one of these buyers died and the book was again in the market,
seven years after the first sale, the survivor obtained the book at a
smaller price. Hence who is to say whether £2260 or £918 is the actual
value of the book!
FOOTNOTES:
[38] _Reliquiæ Hearnianæ_, vol. ii. (1869), p. 243.
[39] “Sir Kenelm Digby et les anciens rapports des Bibliothèques
françaises avec la Bretagne.” Quoted by Mr. Pollard, _Bibliographica_,
vol. i. p. 383.
[40] _Bibliomania_ (The Drawing Room).
[41] _Reliquiæ Hearnianæ_, 1869, vol. i. p. 310.
[42] Peter Langtoft’s “Chronicle,” vol. i. p. 13.
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