• <b>Bonhams:</b> SHAKESPEARE, WILLIAM. <i>Measure for Measure</i> (extracted from the First Folio). London, 1623. Sold for $52,575.
    <b>Bonhams:</b> HAWTHORNE, NATHANIEL. <i>Fanshawe, A Tale.</i> Boston, 1828. FIRST EDITION OF AUTHOR'S FIRST BOOK. Sold for $47,575.
    <b>Bonhams:</b> THOREAU, HENRY DAVID. <i>Walden; Or, Life in the Woods.</i> Boston, 1854. FINE COPY OF THE FIRST EDITION. Sold for $12,575.
    <b>Bonhams: </b> SHAKESPEARE, WILLIAM. <i>Comedies, Histories, and Tragedies.</i> London, 1685. THE FOURTH FOLIO, Brewster/Bentley issue. Sold for $43,825.
    <b>Bonhams:</b> STEIG, WILLIAM. Original maquette and 58 finished drawings for <i>The Agony in the Kindergarten,</i> one of Steig's most important books. Sold for $12,575.
    <b>Bonhams:</b> KING, STEPHEN. <i>Carrie.</i> New York, 1974. INSCRIBED FIRST EDITION, OF AUTHOR'S FIRST BOOK. Sold for $1,912.50.
    <b><center>Bonhams<br>Consignments invited (2020)</b>
    <b>Bonhams:</b> APPLE MACINTOSH PROTOTYPE. 1983. The earliest known Macintosh with "Twiggy" drive, one of only two known working machines. Sold for $150,075.
    <b>Bonhams:</b> LOVELACE, AUGUSTA ADA. Sketch of the Analytical Engine Invented by Charles Babbage Esq. London, 1843. FIRST EDITION, JOURNAL ISSUE, MOST IMPORTANT PAPER IN EARLY DIGITAL COMPUTING. Sold for $15,075.
    <b>Bonhams:</b> APPLE-1 COMPUTER. Signed by Steve Wozniak, used in development of Apple II. Sold for $175,075.
    <b>Bonhams:</b> DARWIN, CHARLES. 1809-1882. <i>On the Origin of Species By Means of Natural Selection.</i> London, 1859. FIRST EDITION. Sold for $131,325.
    <b>Bonhams:</b> BOOLE, GEORGE. <i>An Investigation of the Laws of Thought.</i> London, 1854. Sold for $12,575.
    <b>Bonhams:</b> SHANNON, CLAUDE and WARREN WEAVER. <i>The Mathematical Theory of Communication.</i> Urbana, 1949. Sold for $27,575.
  • <b>Sotheby’s, Jan. 27:</b> [Paine, Thomas]. Common Sense; Addressed to the Inhabitants of America… Philadelphia: R. Bell, 1776. $200,000 to $250,000.
    <b>Sotheby’s, Jan. 27:</b> Lincoln, Abraham. Autograph letter signed, to Joshua Reed Giddings, 21 May 1860. $80,000 to $120,000.
    <b>Sotheby’s, Jan. 27:</b> Oakley, Annie. <i>A Brief Sketch of Her Career and Notes on Shooting.</i> [N.p.]: ca. 1913, Signed. $2,000 to $3,000.
    <b>Sotheby’s, Jan. 27:</b> Washington, George. One autograph letter signed & 3 letters signed to General Alexander McDougall, September 1777. $70,000 to $100,000.
    <b>Sotheby’s, Jan. 27:</b> Mather, Cotton. <i>The Wonders of the Invisible World. Being an account of the tryals of several witches...</i> London: 1693. $30,000 to $40,000.
    <b>Sotheby’s, Jan. 27:</b> James, Benjamin.<i><br>A Treatise on the Management of the Teeth.</i> Boston, 1814. $2,000 to $3,000.
  • <center><b>Case Antiques<br>Important Two-Day Winter Auction<br>January 25 & 26, 2020</b>
    <b>Case Antiques, Jan. 25-26:</b> Signed Abraham Lincoln Civil War era document appointing Green Clay of Kentucky as Secretary of the Legation of the United States at St. Petersburg, Russia, July 15, 1861. $3,000 to $3,500.
    <b>Case Antiques, Jan. 25-26:</b> Original Bambi (1942) animation cel, inscribed Walt Disney's Bambi and signed Walt Disney. $3,000 to $3,500.
    <b>Case Antiques, Jan. 25-26:</b> Original Snow White animation cel, with Walt Disney signature on mat, lower right. $3,000 to $3,500.
    <center><b>Case Antiques<br>Important Two-Day Winter Auction<br>January 25 & 26, 2020</b>
    <b>Case Antiques, Jan. 25-26:</b> Civil Rights Era Archive relating to U.S. Deputy Marshal Dick Bagby (1933-2003) of Dallas, TX, including letters from President John F. Kennedy and Robert Kennedy, U.S. Attorney General. $1,400 to $1,800.
    <b>Case Antiques, Jan. 25-26:</b> President Andrew Jackson autograph letter, unsigned, regarding a special presentation cane sent via General John Moore McCalla to Gov. George Breathitt of Kentucky. January 18th, 1833. $800 to $1,200.
    <b>Case Antiques, Jan. 25-26:</b> Four (4) Presidential signed 17th/18th Century Books - two signed by Millard Fillmore, and two signed by James Buchanan. $1,000 to $1,200.
    <center><b>Case Antiques<br>Important Two-Day Winter Auction<br>January 25 & 26, 2020</b>
    <b>Case Antiques, Jan. 25-26:</b> President Andrew Jackson signed military commission document conferring on George Washington McLean the rank of Second Lieutenant of Marines. Signed January 4, 1834. $800 to $1,000.
    <b>Case Antiques, Jan. 25-26:</b> Three (3) Southern Maps, including two (2) Antonio Zatta 1778, one (1) South Carolina 1796. $600 to $800.
    <b>Case Antiques, Jan. 25-26:</b> Black Forest German Forestry Apprenticeship Certificate issued to Carl Heshel by Von Fahnenburg, the Forest Master from the Royal District, February 1, 1824. $500 to $550.
    <center><b>Case Antiques<br>Important Two-Day Winter Auction<br>January 25 & 26, 2020</b>
    <b>Case Antiques, Jan. 25-26:</b> Harper Lee, <i>TO KILL A MOCKINGBIRD,</i> signed 40th anniversary edition. NY: HarperCollins, 1999. $300 to $350.
    <b>Case Antiques, Jan. 25-26:</b> Archive of twenty-five (25) items related to the administration of President Dwight D. Eisenhower, President John Fitzgerald Kennedy, and President Lyndon Baines Johnson. $400 to $500.
    <b>Case Antiques, Jan. 25-26:</b> Sixteen (16) 20th Century Celebrity Autographed Books, including Paul Newman, A. E. Hotcher, Leonard Bernstein, Clint Eastwood, Norman Rockwell, Groucho Marx, Johnny Cash, and more. $300 to $350.

Rare Book Monthly

Articles - July - 2019 Issue

Sotheby's Sold for $3.7 Billion

D525306c-f7a6-4aca-8740-f3c83fe306e0

A book sale at Sotheby, Wilkinson & Hodge in 1888.

Sotheby's has been selling property for others going on three centuries now. Two weeks ago, the tables were turned. This time, it was Sotheby's itself that was sold. The hammer price was $3.7 billion, undoubtedly the highest realization ever at Sotheby's, although the sale did not take place in the auction rooms. It was a private sale.

 

The buyer officially was BidFair USA, but that is an entity wholly owned by entrepreneur Patrick Drahi and his family. Mr. Drahi is a French and Israeli citizen who has had enormous success in the telecommunications and digital media sphere. He owns several such companies in Europe along with major shares in a couple of cable companies in the U.S. Mr. Drahi's wealth is primarily based on being a 60% shareholder in the European firm Altice. Fortune Magazine estimates his financial worth as being $9.3 billion.

 

Mr. Drahi is also a noted art collector and has long been a client of Sotheby's.

 

In announcing the sale, Sotheby's CEO Tad Smith said, "Patrick Drahi is one of the most well-regarded entrepreneurs in the world, and on behalf of everyone at Sotheby’s, I want to welcome him to the family. Known for his commitment to innovation and ingenuity, Patrick founded and leads some of the most successful telecommunications, media and digital companies in the world. He has a long-term view and shares our brand vision for great client service and employing innovation to enhance the value of the company for clients and employees. This acquisition will provide Sotheby’s with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment. It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner."

 

Domenico De Sole, Chairman of the Board of Sotheby's, added, “Following a comprehensive review, the Board enthusiastically supports Mr. Drahi’s offer, which delivers a significant premium to market for our shareholders. After more than 30 years as a public company, the time is right for Sotheby’s to return to private ownership to continue on a path of growth and success."

 

For his part, Mr. Drahi commented, "I am honored that the Board of Sotheby’s has decided to recommend my offer. Sotheby’s is one of the most elegant and aspirational brands in the world. As a longtime client and lifetime admirer of the company, I am acquiring Sotheby’s together with my family. We thank Domenico and the rest of the Sotheby’s Board for its support and look forward to getting started with Tad and the wonderful members of his team to define our future."

 

Perhaps Mr. Drahi will be able to reprise the old Victor Kiam commercial, when after purchasing the Remington shaver company, he announced, "I liked the shaver so much, I bought the company."

 

Sotheby's was founded in 1744 when it presided over the sale of a collection of books. It is named for one of its founders, John Sotheby. For two centuries, the company was located exclusively in London, but the firm opened its first overseas office, in New York, in the 1950s. After an even longer period as a private company, Sotheby's went public in the late 1970s, returning to private status a few years later. In 1988, Sotheby's again went public and has been a publicly held company, traded on the New York Stock Exchange, ever since.

 

As to how Mr. Drahi was able to obtain board and shareholder approval of his proposal so quickly, one need only look at his offer. It was a generous 61% higher than the closing stock price the day prior. It last traded for $35.39 per share on June 14, before the announcement. The $3.7 million offered amounts to $57 per share. Not bad for a day's investment. Interestingly, while stocks often rise shortly before such a deal is announced, a sign that somebody knows what is about to happen, Sotheby's stock traded in the $35s all the previous week, evidence that Sotheby's and Mr. Drahi succeeded in keep their plans tightly under wraps.


Posted On: 2019-07-05 10:15
User Name: manohar

Valuable review.


Posted On: 2019-07-15 02:46
User Name: cowboyjack

in the last paragraph of this article i think the writer meant $3.7 Billion not $3.7 million.


Rare Book Monthly

  • <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>22nd January 2020</b>
    <b>Forum Auctions, Jan. 22:</b> Astronomical manuscript.- Kalendarium cum Tabulis Astronomicis; and other astronomical texts, [?Northern Italy (possibly Verona or Bologna), c.1470]. £40,000 to £60,000.
    <b>Forum Auctions, Jan. 22:</b> Melville (Herman). <i>Moby-Dick; or The Whale,</i> first American edition, New York, 1851. £10,000 to £15,000.
    <b>Forum Auctions, Jan. 22:</b> Malta.- Binding.- Sovereign Military Order of Malta.- <i>Gli Statuti della Sacra Religione di S. Gio: Gierosolomitano…</i> Rome, Giacomo Tornieri and Giacomo Ruffinello, 1589. £10,000 to £15,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>22nd January 2020</b>
    <b>Forum Auctions, Jan. 22:</b> Britain.- Jansson (Jan). <i>Novus atlas, sive theatrum orbis terrarum,</i> vol.4 only [Britain and Ireland], 56 double-page engraved maps, Amsterdam, 1659. £7,000 to £10,000.
    <b>Forum Auctions, Jan. 22:</b> Dodgson (Charles Lutwidge). <i>Alice's Adventures in Wonderland,</i> second (first published) edition, 1866; and 2 others from the series. £5,000 to £7,000.
    <b>Forum Auctions, Jan. 22:</b> Cervantès Saavedra (Miguel de). <i>Novelas Exemplares,</i> rare at auction, Milan, Giovanni Battista Bidelli, 1615. £4,000 to £6,000.
    <center><b>Forum Auctions<br>Fine Books, Manuscripts<br>and Works on Paper<br>22nd January 2020</b>
    <b>Forum Auctions, Jan. 22:</b> Tolkien (J.R.R.). Printed programme for the New College School, Oxford, production of The Hobbit, signed by Tolkien, 1967. £4,500 to £5,500.
    <b>Forum Auctions, Jan. 22:</b> Thucydides. <i>The hystory, writtone by Thucidides the Athenyan, of the warre, whiche was betwene the Peloponesians and the Athenyans,</i> first edition in English, 1550. £4,000 to £6,000.
    <b>Forum Auctions, Jan. 22:</b> Wesley (John). Autograph Letter signed "My Dear Sister [?Mary Stokes], exhorting her to write more often and dealing with her problems, 1773. £2,000 to £3,000.
    <b>Forum Auctions, Jan. 22:</b> Leaf from an illuminated book of hours with the Four Evangelists, illuminated by the workshop, or a close follower of the Maître de l'Échevinage. Northern France (possibly Rouen), c.1480. £2,000 to £3,000.
  • <b>One of a Kind Collectibles Auctions: Rare Autographs, Sports, Books and Photography. January 23, 2020</b>
    <b>One of a Kind Collectibles, Jan. 23:</b> Abraham Lincoln Endorsement Signed, March 16, 1865. Framed with a lithograph of Lincoln by Dwight C. Sturges.
    <b>One of a Kind Collectibles, Jan. 23:</b> Thomas Edison Stunning Signed Portrait.
    <b>One of a Kind Collectibles, Jan. 23:</b> Franz Liszt Signed Photo.
    <b>One of a Kind Collectibles Auctions: Rare Autographs, Sports, Books and Photography. January 23, 2020</b>
    <b>One of a Kind Collectibles, Jan. 23:</b> Subscription for Portraits of the Presidents Signed by J. Q. Adams, Polk, Jackson, Buchanan, and Writers Dickens, Bryant and More!
    <b>One of a Kind Collectibles, Jan. 23:</b> Vinson Supreme Court Signed Presentation Photo.
    <b>One of a Kind Collectibles, Jan. 23:</b> Marilyn Monroe & Joe DiMaggio Collection of Three Financial Items.
    <b>One of a Kind Collectibles Auctions: Rare Autographs, Sports, Books and Photography. January 23, 2020</b>
    <b>One of a Kind Collectibles, Jan. 23:</b> Rare Sigmund Freud ALS Related to Sexual Issues.
    <b>One of a Kind Collectibles, Jan. 23:</b> New York Yankees team signed baseball c.1937 including Gehrig, DiMaggio, Dickey, Gomez and others.
    <b>One of a Kind Collectibles, Jan. 23:</b> Salvador Dali Original Drawing in <i>Dali</i> by David Larkin.
    <b>One of a Kind Collectibles Auctions: Rare Autographs, Sports, Books and Photography. January 23, 2020</b>
    <b>One of a Kind Collectibles, Jan. 23:</b> Charles Wilson Peale, Association Miniature of Dr. Ebenezer Crosby after Charles Willson Peale. Gouache on ivory miniature attributed to Peale.
    <b>One of a Kind Collectibles, Jan. 23:</b> William McKinley Signed Oversize Photograph Incredible 20"x24".
    <b>One of a Kind Collectibles, Jan. 23:</b> Margaret Mitchell Signed <i>Gone With The Wind</i> -- First Edition.
  • <b>Swann Auction Galleries Feb 13:</b> Emil Cardinaux, <i>Winter in der Schweiz,</i> 1921. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 13:</b> Evelyn Rumsey Carey, <i>Pan American Exposition / Niagara / Buffalo,</i> 1901. $7,000 to $10,000.
    <b>Swann Auction Galleries Feb 13:</b> Arnost Hofbauer, <i>Topicuv Salon,</i> 1898. $5,000 to $7,500.
    <b>Swann Auction Galleries Feb 13:</b> Alphonse Mucha, <i>Job,</i> 1896. $12,000 to $18,000.
    <b>Swann Auction Galleries Feb 13:</b> Georges de Feure, <i>Le Journal des Ventes,</i> 1898. $4,000 to $6,000.
    <b>Swann Auction Galleries Feb 13:</b> Alphonse Mucha, <i>Cycles Perfecta,</i> 1897. $15,000 to $20,000.
    <b>Swann Auction Galleries Feb 13:</b> Edward Penfield, <i>Orient Cycles / Lead the Leaders,</i> circa 1895. $8,000 to $12,000.
    <b>Swann Auction Galleries Feb 13:</b> Adrien Barrère, <i>L’Ideal du Touriste,</i> 1903. $3,000 to $4,000.
    <b>Swann Auction Galleries Feb 13:</b> Willem Frederick Ten Broek, <i>New York / Wereldtentoonselling / Holland – Amerika Lijn,</i> 1938. $6,000 to $9,000.
    <b>Swann Auction Galleries Feb 13:</b> Dwight Clark Shepler, <i>Sun Valley / Union Pacific.</i> $8,000 to $12,000.
    <b>Swann Auction Galleries Feb 13:</b> Sascha Maurer, <i>Flexible Flyer Splitkein / Smuggler’s Notch,</i> circa 1935. $2,000 to $3,000.
    <b>Swann Auction Galleries Feb 13:</b> Louis Bonhajo, <i>Vote / League of Women Voters,</i> 1920. $2,000 to $3,000.

Article Search

Archived Articles

Ask Questions