Rare Book Monthly

Articles - August - 2025 Issue

During August, the market will hum

Once upon a time collectible paper auctions were unusual and well-spaced out. In the past, when there was a quiet month, auction houses took opportunities to have siestas. Anymore, quiet months are opportunities to sell material that need extra visibility. For that, August and January are perfect.

 

These days we regularly cover 250+ auctions a month. During this August however, we expect to cover a slim 140 sales that convert into 4.5 sales a day. For the rest of the year, the pace will pick up again.

 

While the auctions need to take some time off, the bidders will still be looking for opportunities. That translates into a higher percentage of lots sold when the sales offered are down. Net net, consignors may be sitting on the edge of their seat it usually works out well.

 

The prices drop a bit while the percentage of lots sold rise. Why? Because it’s August.

 

For the knowledgeable, this quiet period represents a chance to test their skills.

 

Here are the August numbers for the past 15 years:

 

Year

Total Lots

Lots Sold

% Lots Sold

Ave $ Value

Median Value

Total August Sales

2024

40195

34860

0.867

$1,213.00

$250.00

$42,285,180.00

2023

33377

28736

0.861

$1,784.00

$241.00

$51,265,024.00

2022

29170

25839

0.886

$2,067.00

$275.00

$53,409,213.00

2021

37459

33682

0.899

$1,552.00

$228.00

$52,274,464.00

2020

27823

24034

0.864

$955.00

$200.00

$22,952,470.00

2019

23792

20523

0.863

$1,009.00

$180.00

$20,707,707.00

2018

24489

20558

0.839

$1,370.00

$200.00

$28,164,460.00

2017

17676

14180

0.802

$879.00

$188.00

$12,464,220.00

2016

16641

14087

0.847

$877.00

$180.00

$12,354,299.00

2015

21679

15421

0.711

$790.00

$155.00

$12,182,590.00

2014

18576

15612

0.840

$742.00

$167.00

$11,584,104.00

2013

10996

8465

0.770

$1,336.00

$264.00

$11,309,240.00

2012

7273

5499

0.756

$516.00

$156.00

$2,837,484.00

2011

5213

3885

0.745

$538.00

$192.00

$2,090,130.00

2010

3824

2939

0.769

$559.00

$230.00

$1,642,901.00

 

 

Enjoy your vacation. And remember your cellphones can get into your RBH accounts while you’re on vacation.

 

Bon chance!

 

Rare Book Monthly

  • Heritage Auctions
    Rare Books Signature Auction
    December 15, 2025
    Heritage, Dec. 15: John Donne. Poems, By J. D. With Elegies on the Author's Death. London: M[iles]. F[lesher]. for John Marriot, 1633.
    Heritage, Dec. 15: Edgar Rice Burroughs. Tarzan of the Apes.
    Heritage, Dec. 15: F. Scott Fitzgerald. Tender is the Night. A Romance.
    Heritage, Dec. 15: Bram Stoker. Dracula. Westminster: Archibald Constable & Co., 1897.
    Heritage, Dec. 15: Jerry Thomas. How to Mix Drinks, or the Bon-Vivant's Companion, Containing Clear and Reliable Directions for Mixing All the Beverages Used in the United States…
  • Rare Book Hub is now mobile-friendly!
  • Bonhams, Dec. 8-18: Autograph Letter Signed ("Martinus Luther") to His Friend the Theologian Gerhard Wiskamp ("Gerardo Xantho Lampadario"). $100,000 - $150,000.
    Bonhams, Dec. 8-18: An Exceptionally Fine Copy of Austenís Emma: A Novel in Three Volumes. $40,000 - $60,000.
    Bonhams, Dec. 8-18: Presentation Copy of Ernest Hemmingwayís A Farewell to Arms for Edward Titus of the Black Mankin Press. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript Signed Integrally for "The Songs of Pooh," by Alan Alexander. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Autograph Manuscript of "Three Fragments from Gˆtterd‰mmerung" by Richard Wagner. $30,000 - $50,000.
    Bonhams, Dec. 8-18: Original Preliminary Artwork, for the First Edition of Snow Crash. $20,000 - $30,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("T.R. Malthus") to Economist Nassau Senior on Wealth, Labor and Adam Smith. $20,000 - $30,000.
    Bonhams, Dec. 8-18: History of the Peloponnesian War by Thucydides Finely Bound by Michael Wilcox. $20,000 - $30,000.
    Bonhams, Dec. 8-18: First Edition of Lewis and Clark: Travels to the Source of the Missouri River and Across the American Continent to the Pacific Ocean. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Original Artwork for the First Edition of Neal Stephenson's Groundbreaking Novel Snow Crash. $100,000 - $150,000.
    Bonhams, Dec. 8-18: A Complete Set Signed Deluxe Editions of King's The Dark Tower Series by Stephen King. $8,000 - $12,000.
    Bonhams, Dec. 8-18: Autograph Letter Signed ("John Adams") to James Le Ray de Chaumont During the Crucial Years of the Revolutionary War. $8,000 - $12,000.
  • Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 17: Francesco Colonna. Hypnerotomachie, Paris, 1546, Parisian calf by Wotton Binder C for Marcus Fugger. €200,000 to €300,000.
    Sotheby’s, Dec. 17: Nausea. De principiis dialectices Gorgias, and other works, Venice, 1523, morocco gilt for Cardinal Campeggio. €3,000 to €4,000.
    Sotheby’s, Dec. 17: Billon. Le fort inexpugnable de l'honneur, Paris, 1555, Parisian calf gilt for Peter Ernst, Graf von Mansfeld. €120,000 to €180,000.
    Sotheby’s
    Book Week
    December 9-17, 2025
    Sotheby’s, Dec. 16: Salinger, J.D. The Graham Family archive, including autographed letters, an inscribed Catcher, a rare studio photograph of the author, and more. $120,000 to $180,000.
    Sotheby’s, Dec. 16: [Austen, Jane]. A handsome first edition of Sense and Sensibility, the author's first novel. $60,000 to $80,000.
    Sotheby’s, Dec. 16: Massachusetts General Court. A powerful precursor to the Declaration of Independence: "every Act of Government … without the Consent of the People, is … Tyranny." $40,000 to $60,000.

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