Book Editions and Signatures

Tom Post writes an interesting article for Forbes on early edition books and author signatures.  Pretty much like anything of value, there is a market for fakes and fraudulent activity with books a signatures.  Post states how collectible books, typically first edition can, as expected, have a significant increase in value if the copy is signed by the author.  Post recounts how he purchased a first edition on eBay, and was surprised to find the signature was not a represented.  The book was not signed, but included a separate "flat" item with the authors signature.

As appraisers, we need to cognizant of where there is fake and fraudulent activity.  Unfortunately in the fine and decorative arts, as well as collectible markets, it is almost everywhere. Most of us know to approach certain prints with caution,  to perform due diligence on artist signatures, as well as to inspect  furniture for enhancements.  Books with signatures are no different.  Ler the appraiser beware.

Post states on how to avoid being taken advantage of

Advice to buyers:

--Ask questions about the signature. Is it inscribed on a page? Was it signed about the time the book was first issued? Is the volume dedicated to a person of note or record--someone you can research?

--Learn about the author's book-signing habits (Harper Lee, for example, autographed copies of To Kill A Mockingbird for years after it was first published in 1960; Thomas Pynchon almost never signs anything--or surfaces in public).

--Inquire about provenance (pedigree can add important credibility and significant value).

--Traffic with reputable dealers who are members of organizations like the Antiquarian Booksellers' Association of America or the Professional Autograph Dealers Association. "The real expert will bore you with answers," says Ken Rendell. "The person who brushes you off deserves the same in return."

Most dependable dealers and auction houses will stand by their wares--forever. That, plus credible provenance, is pretty good insurance if you're laying down $50,000 for a book. Genuine examples of many signatures abound; Hemingway, for example, signed lots of letters, bar coasters and bullfight programs. For less expensive items, compare your example with bona fide versions on the Web.

There are two idiot-proof ways to acquire genuine autographed books. One is to collect so-called signed limited editions--small print runs that precede or follow first trade editions, often numbered and signed by the author under the auspices of the publisher. Faulkner and Conrad, among others, resorted to such means to help stanch chronic financial problems. Companies like Easton Press offer contemporary works, usually of up to 1,500 numbered and signed copies. Recent lots on its site (www.veryfinebooks.com): George W. Bush's A Charge to Keep ($1,900); Winning by Jack and Suzy Welch ($125)--along with an eyebrow-arching claim of offering "rare, leather-bound works that will instantly increase the value of your fine literary compilation."

To read the full Forbes article, click HERE.