Books Are precious since somebody desires them…
Here’s where the book you’ve found fulfills the ‘market’ for the book. If you’ve found a book, identified it as a ‘First Edition” or “First Printing”, with a beautiful dust jacket on it you may have a valuable book…
…if someone ‘wants’ it.
So the question is, after you have acquired those ‘certain’ books that have met the above criteria-”What determines the ‘market’ value of a book?”
This is where “Supply” and “Demand” come in. If you’ve studied economics you’ll be familiar with the concept of supply and demand. If not, that’s OK. For our purposes all we really need to know is this:
IF the book’s supply in the marketplace is low and there is a history of high prices paid for this book, generally demand will create higher prices.
IF the book’s supply in the marketplace is high, generally lack of demand will create lower prices. If a book’s original printing, 50 years ago, was only a few hundred copies chance are there just aren’t that many copies out in the marketplace and the price will be high. Of course, it all depends on who the author is!
Short runs of a book by F. Scott Fitzgerald will be a lot more valuable than short run first editions by Thomas Harkensack.
If a book is by a popular author who has won awards or is read widely and is often quoted from, chances are that the demand for the first editions of that persons books will be very valuable. There’s one added ‘factor that demands to be looked at:
To brand a book valuable, somebody must be “disposed and capable to pay the cost to possess it.”
Finding that collector who is willing and has the financial means to own the book you have fortuitously found is sometimes like finding a needle in a hay stack.
But find that person you must, in order to realize the full value of the book. The Internet is makes it easier for collector’s to find the books they want. Auction houses widely publicize their sales and attract the attention of a lot of collectors. It is the job and the duty of the bookseller to find that collector and find them as soon as possible.
It’s also becoming “fashionable” in the entertainment business to give rare and collectible books as gifts. The articles reprinted here form the New York Times and USA Today demonstrates that book collecting cuts across all demographics and incomes and is becoming widespread.
© 2009, Work At Home Covert Opps!. All rights reserved.
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