Building a Book Collection– Part III
Monday, July 21st, 2008Some Inexpensive Options
Okay, you’ve chosen what type of books that
you want to collect, and you’ve narrowed the
field to a few authors or illustrators of a
particular era. You’ve even started making
your first tentative purchases.
Good for you! You’ve made a positive
beginning and you’ll soon be able to say that
you have a book collection at home. As you
venture forth, I can only reiterate that you
should always try to buy the best copies
available. They’re the ones that will hold their
value and hopefully increase in value within
a few years. Ignore the poor-condition books–
those with major damage from water-staining,
or those missing an illustration, or even an
endpaper–even if they are prime titles that
you need for your collection. Don’t bother
buying a Poor or Fair copy now with the
intention of replacing it later…force yourself
instead to wait for the VG to Near Fine copy;
it will turn up. Don’t buy Ex-Library copies,
even if the seller is telling you it’s “Near Fine”.
Honestly, where do some of these freaks
get their grading information!
Best of luck to all of you collectors who have
just made a start. Keep doing your research,
and keep looking in bookstores, in thrift stores,
at garage sales and online. You never know
when a book will show up and you have to put
yourself in position to spot it when it does.
When you’ve acquired forty or fifty, or a hundred
books–it depends on what level you’re buying at–
and you think the value is approaching $10,000 to
$15,000, you should think about having a reliable
bookseller appraise your collection for insurance
purposes, and add a rider to your home policy.
Reliable, experienced bookdealers usually
charge about $75 to $100 an hour (minimum
one hour) to appraise collections. If you have less
than a hundred books, the appraisal will probably
only take an hour or two, particularly if the dealer
is quite familiar with the type of books you collect.
He or she will give you a written or typed
appraisal on business stationery which you can
take to your insurance agent.
I recall a customer of mine asking me to do an
appraisal of his book collection. I had sold a few
dozen illustrated books to him over a period of four
or five years–some of them fairly expensive books–
so I told him I would do a free appraisal. You may
also get into a position where you’ve made a
considerable number of purchases from one dealer
that you trust, and perhaps you’ll get a free appraisal
as well. In this case, I went to the customer’s home
to value his books and I was looking forward to
seeing what other books he had acquired. To my
surprise, this customer had a collection of just fifty-six
books which, as I recall, I appraised at just over $25,000
for replacement value. The surprise was that I had
sold fifty-five of the fifty-six books to him, one being
a gift.
Now, some advice for you booklovers who want to
start a book collection but you don’t have a lot of
disposable cash. What can you possibly collect that’s
worth collecting? I can suggest a few options.
With the onset of the Internet, prices for First Edition
fiction plummeted, particularly books published within
the last thirty years. This doesn’t mean that you can’t
still collect modern bestselling fiction, detective fiction
or science fiction and fantasy. Get out your handy
“Pocket Guide to the Identification of First Editions”
and make sure you’re actually buying the true first
editions. Try to put together the entire output of two
or three authors to start with. If it’s a British author,
buy the British firsts, if it’s an American author, buy
the American firsts. When possible, buy
first editions that have been signed by the authors.
Failing that, watch for visiting authors to your city,
and try to get your copies signed if the author turns up.
Remember, in this genre, you have to buy Fine copies
in Fine dust-jackets.
You may choose to buy First Editions of Canadian
Literature authors. A friend of mine has over two
thousand titles, mostly by Canadian authors and
mostly signed…an impressive and valuable collection.
By hard work and diligence, he was able to acquire
this collection at a nominal cost and get most of the
books signed in person.
A good way to begin collecting is to choose a favourite
book from your childhood, a book that has been
popular for decades (or even up to a hundred years
or more) and has been published in many different
editions. Some prime examples might be “Alice in
Wonderland”, “Aesop’s Fables”, “A Child’s Garden
of Verses”, “Pinocchio”, the “Mother Goose” and
“Nursery Rhyme” Collections, or, the Fairy Tale
Collections of Hans C. Andersen or the Brothers
Grimm. You might acquire the books of a
particular author you liked, such as Enid Blyton, who
wrote the popular Adventure Series (Castle, Mountain,
etc.) and the Noddy books; or the textless books of
John S. Goodall.
You could also collect a certain type of children’s
book such as ABC books, Pop-Up Books, or
books on Folktales, Myths and Legends. Really,
the possibilities are almost endless. Take a good look
at my website, where you will find examples of all
of the books above. Search for other booksellers
in your area and see if they have their own websites
with catalogues of books for sale. You’re bound to
find exactly the types of books you were looking
for, even if you didn’t know it yet.
Good luck to all you new Book Collectors!
Please visit my website for quality offerings:
www.stillmanbooks.com
Remember, the only book purchase you’ll
ever regret is the one you didn’t make.
Talk soon.