Prices at Auction Declined by 3% in 2019
The year 2019 saw a modest decline in the prices of books and paper at auction, although the number of lots offered and percentage of lots sold both increased significantly. The why for the decrease in price is uncertain. Macro economic factors can play a significant role, but the economy in the western world was good, the stock market unusually strong. On the other hand, there is much uncertainty out there, impeachment in America, Brexit in Europe. Perhaps it was a good year to keep your money in the stock market, rather than buying physical assets. The median price of all lots sold in...
