Welcome to Rare Books Insider for January 24th 2022 – FREE edition.
Each week we give you the scoop on undervalued, mispriced and hidden gems in Alternative Investing.
Rare books in 2022
It’s been a tough couple of weeks to kick-off 2022.
On fractional secondary marketplaces, Books are down more than 10% so far for the year with no obvious catalyst causing the decline. The only reasonable explanation is that as books become available for trading, the sudden increase in liquidity has allowed investors to exit.
Last week in Rare Books
Fractional Secondary Markets
Every single book trading on Rally’s secondary market was down last week. There are buying opportunities here.
Auctions
Another dreadfully slow week on the auction front with little of interest to note.
This week and next week in Rare Books
Fractional Market IPOs
Aldous Huxley Brave New World 1st Ed
- Market Cap: $14k
- Inferred Value: $10k
- Drop: 1/24/22 on Rally
- Recommendation: [INSIDERS ONLY]
Fractional Secondary Markets
Five more books start trading this week on Rally, and we expect to see more downward pressure.
Auctions
The only noteworthy event I could find was this week’s Sotheby’s Fine Books and Manuscripts auction.
The most notable lots include John James Audubon’s manuscript for “Wild Turkey” and Walt Whitman’s “America’s Second Declaration of Independence”.
A few more recognisable lots are up as well, including two of my least favourite books.
How well these five copies do could indicate where the market is going, though it’s a small sample size:
- Signed first edition copy of Joyce’s Ulysses – Look for it to beat $90k
- Presentation copy of a first edition of F. Scott Fitzgerald’s Tender is the Night. – Look for it to beat $50k
- First edition of Salinger’s Catcher in the Rye – Look for it to beat $25k
- First American Edition of Tom Sawyer – Look for it to beat $20k
- Thoreau’s Walden – Look for it to beat $20k
And one for the value investors out there – a first edition, signed by the author copy of Benjamin Graham’s The Intelligent Investor.
Finally, if you’re a Huxley fan, you can pick up an autographed manuscript of “Leda” along with other signed materials.
