auction

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Yes, the Christie’s website is poorly designed. Striking? Yes. But with terrible navigation. Some (most? I haven’t counted) of the books had been put up for auction before. Yeah, those prices will draw bidders and then the results will probably suppress the prices of those books already in dealers’ and collectors’ hands.

Thoughts about the stave and notes in the Field book (lot 395). Realize that in the technical sense I am essentially immusical: Instead of f-e-f-g with the bottom line of the stave missing, could it be d-c-d-e with the top line missing? Or instead of the treble clef, is this the bass clef? Is it a code? A bar from an aria Dmitri, the bass, sang?

A Dutch Nabonut friend, Martin Kaaij, who is also a professional musician, wrote me:

You are right about the clefs. There are three kinds ( the third is called tenor) and you can put them anywhere on the stave. They only indicate where the g, f or c is and then you go up and down from that point. So the code may be any three letters with the same relative positions in the alphabet. agab, babc etc. A bar from an aria by Dmitri is possible as well. Or it might be Dmitri’s name in music: d mi=e (do re mi = c d e) tri=c, or something a bit less far fetched. Or the missing line on the stave might be a pun on Field’s sloppy work. There are simply too many possibilities to find a conclusive answer. And what’s more, if it is a riddle the solution should be an elegant one.

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There’s a real chance there will be some bargains. But how to sniff them out?

Some of this stuff—I don’t know how much—has been in Glenn Horowitz’s hands several times. I remember seeing some of it many years ago when he had a small office near Grand Central Terminal. Many of those were non-VN books from VN’s personal library—books presented to him or which he had bought and sometimes marked up. Later, after Glenn moved uptown to a brownstone at E 76th St off of Madison, he had many wonderful VN pieces. That was when he put those labels into the volumes, the labels that say “From the library of Vladimir Nabokov…” By my count, 46 of the lots in this auction that comprise only one book have that label. And the lots that comprise several books have some volumes with the labels. The labeling happened in 1999 in conjunction with the issue of Horowitz’s Vera’s Butterflies catalog.

The point is that Glenn has tried to move many if not all of these books several times. He succeeded with some. I know that Cornell got the sole copy of Dva puti at the same time it bought several others. Sometimes dealers went to Montreux and bought copies directly from Dmitri. One was Ralph Sipper.

So nobody wants all of these books. That’s like trying to eat a meal of only rich, gourmet chocolate desserts. The constitution, in this case the book-buying Nabokovians, can digest only so much. And that’s why I think that dozens of these books won’t sell. But, again, how to determine which are the least appetizing and affordable?

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There are many things VN I haven’t seen, including a copy of the 1920 Entomologist offprint. But, based on how scientific journals in those days worked, I was pretty sure that there had been some offprints. And so I said in my bibliography, “…most probably this item exists.” And I was right. Sometimes you shoot semi-blindly and actually hit the target.

My copy of the catalog arrived. I made a preliminary pass through it and that lot #344 is one I am interested in. There are a dozen others. I’ll have to email some questions of clarification to the curators.

I’m in the same quandary all of us with limited means are in: how to decide what to focus on, how to follow the action, how to most efficiently place bids. I don’t know what I’ll do.

Is the Nabokov book-dealing/collecting/buying world ready and willing to buy some 150+ artifacts of VN’s (signed/lepidopterized/inscribed/corrected) personal life all at one time? I’m thinking that a collector will think, “I might be able to afford to buy one, maybe two lots. But that’s it”. And a dealer will think, “If all of us dealers buy several lots, who are we going to sell them to? The serious collectors will have already bought at the auction. And I’ll be sitting on these books for years.” So, my first consideration is, “What can the world absorb?”

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How to bid? Stay home and do it over the internet? Or by telephone? Or fly to London for the action? Let’s give that last one a few seconds’ thought: airfare, hotel, meals. $2000 for a couple of days? Nah! I’d rather put the money into a book I don’t yet have. Maybe, if I’m lucky, one with a butterfly.

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It’s an intriguing situation. Dmitri and Christie’s have decided to start out low (at about half what they would get at retail), to draw us in. So, I think, most of the lots will sell. This is a total turnaround from the Tajan sale in Geneva in 2004 when Dmitri consigned too many books at extremely high estimates and absolutely nothing sold, as far as I can tell. A complete fiasco and embarrassment.

I’m certainly going to consider bidding on a few of the lots. But I’ll have to go into family financial consulting mode first.

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Ridiculously low estimates, obviously to lure bidders in. At those expectations, most of the lots should sell. But there are so many. Do you want the typewriters his wife or secretary used, but which he never touched, to transcribe from his index cards? I don’t.

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Dmitri Nabokov has consigned 111 lots of Nabokoviana–books (inscribed/signed/lepidopterized/annotated) and personal belongings–to Christie’s, London, South Kensington, for auction on 13 June.

See the details and an ecatalog at Christie’s.

Some thoughts:

That’s a lot of Nabokov lots—112 of them (including the outlier, lot 281, not from Dmitri Nabokov). I think Dmitri has made the same mistake again—consigning too much at once. I certainly understand the desire to create excitement by offering so many eye-watering items at the same time. But I doubt the market can bear the load.

And those prices! So out of line with the marketplace. Only one explanation: Start everything attractively low to pull in the bidders and then let their desires and enthusiasms push up the prices. But I am certain that some lots at affordable prices will sneak through. I’ve got my eyes on a few, but only if…

I think a tip-off on the reasoning on the prices is the plain and lonesome non-DN lot #281 of his Russian Mashen’ka at US$6100-9000. That is ridiculously high for such a beat up copy. It will never sell. Obviously, the consignor thought very differently than Dmitri.

Whatever the case, I’ve just ordered my copy of the catalog.

Be aware that on the Christie’s website, the online list isn’t complete. It shows only 52 lots. Look at the electronic version of the catalog instead, starting on p. 97.

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The 138 penciled index cards comprising the manuscript of VN’s The Original of Laura failed to sell at Christie’s on Friday. With a pre-auction estimate of $400,000-600,000, the bidding moved quickly from the $200,000 opening to $280,000 and then stalled out. It took less than 23 seconds.

There was obviously much interest in this first open offering of the manuscript of a VN novel. Four broadcasting video cameras covered the event including one from the Russian TV network Zvezda. As soon as the the cards in lot number 95 failed to sell, three of them, including Zvezda, immediately began to break down their equipment and pack up.

The five inscribed and lepidopterized VN books that were also offered all sold at prices within or just under their estimates. A 1947 Henry Holt Bend Sinister, presented to Véra Nabokov’s sister, Sonia Slonim, got knocked down at $9500 (estimated $7000-10,000); a 1952 Rifma Stikhotvoreniia 1929-1951, presented to Véra Nabokov’s cousin, Anna Feigen, $10,000 (estimated $10,000-15,000);  a 1952 Chekhov Dar, presented to Slonim, $8000 (estimated $10,000-15,000); a 1959 Putnam Invitation to a Beheading, presented to Feigen, $6500 (estimated $7000-10,000); and, a 1962 Putnam third printing of Pale Fire, presented to Slonim, $11,000 (estimated $8000-12,000). The five prices do not include the buyer’s premium of 25%. A large number of the bids on the presentation copies appeared to have been placed over the phone.

The auction went as I had expected. The presentation copies were estimated fairly and all sold. But the TOoL manuscript failed at its estimated price level for several reasons. For one, even though its recent publication has generated a tremendous amount of publicity and interest, that does not automatically translate into the passion that is necessary for someone to want to lay out big bucks for a piece of literature. Laura is not Lolita. At least not yet. It is a new book. It does not yet occupy real space in our literary imaginations. And the economy is still limping along. Maybe Cornell or some other such institution couldn’t find a benefactor willing to put up the cash. The top failed bid of $280,000 was, I think, a relatively accurate pricing of the manuscript.

Incidentally, a copy of James Joyce’s Ulysses, a first edition, limited issue, one of 100 copies on Dutch handmade paper, and signed by Joyce, the most desirable version, estimated at $200,000-300,000, was also passed over. The biggest surprise, though, wasn’t a book, a manuscript, or even a piece of paper. It was the Olivetti portable typewriter on which Cormac McCarthy typed all of his work from 1958 to 2009. It was estimated at $15,000-20,000. It went for a whopping $210,000 plus $44,500 for the buyer’s premium. The tall, middle-aged man who bought it obviously had the passion and the bucks.

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To continue from my previous posting about Christie’s 4 December auction of VN’s index cards/manuscript of The Original of Laura.

On 5 May 2004, the well-known French auction house Tajan offered 104 lots from Dmitri Nabokov’s personal library of inscribed and lepidopterized presentation copies of his father’s works along with minor manuscript material and books about VN. Some of the books included annotations and corrections. The estimated prices were high, very high. Three had a top estimate of 100,000 €. The catalog was an expensive affair, issued in hardcover.

Though I have never found direct information on exactly what happened, I heard through the grapevine that the auction was a disaster and that nothing was sold. In fact, Tajan didn’t issue on paper or online a list of the auction results. What happened? I think that those 104 lots were just too many for the Nabokov market to absorb at one time and the estimated prices (and therefore the reserves) were simply too dear to potential buyers. Tajan must have spent a lot of money on preparing for the auction and got nothing for its efforts (depending on whatever deal it struck with Dmitri). And Dmitri had to take all of his books back home.

So here at Christie’s we have, quantitatively, a much more modest offering: one manuscript (very much in the public’s literary eye today) and five inscribed editions. The five books have estimates from a low of $7,000-10,000 to a high of $10,000-15,000. These are justifiable estimates for copies inscribed to close members of the family outside of the very inner circle of Véra and Dmitri.

And the 138 index cards? I ask myself, How often does a novel by a major literary figure come on the market? Extremely rarely. I mentally turn the cards over in my hands. This is terra incognita. This is at the very high end of the literary market. I see a shot into the stratosphere that will, like a cloud-seeding experiment, affect everything VN under it. So for now, unsatisfyingly, I decline to come to a conclusion. I’ll attend and see what happens and then reach for an understanding.

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Christie’s auction of The Original of Laura manuscript

Christie’s auction of The Original of Laura manuscript

For sale: The original of The Original of Laura.

No, not the copy, the published version, that goes on sale on 17 November, but the actual index cards.

Dmitri Nabokov has consigned the 138 index cards to the New York branch of Christie’s for the “Fine Printed Books and Manuscripts” auction on Friday afternoon, 4 December. The pre-auction estimate (lot 95) is $400,000-600,000. The catalog for the auction (number 2227) features a cover photo of the first card of the novel (“The Original of Laura | Ch. One | Her husband, she answered, was a | writer too—at least, after a fashion. | …”) and an often seen photo of VN by Jerry Bauer. Pages 50-53 contain a description of the origins of the manuscript, a depiction of the fragmentary novel, and comments about its publication. The catalog text reads in large part as if it were written by Dmitri Nabokov. There are further photos of the index cards, many of which are deliberately blurred totally beyond legibility. I don’t know why.

Also in the auction (lots 96-100) are five of VN’s books inscribed and lepidopterized to Véra’s sister, Sonia Slonim, and Véra’s cousin, Anna Feigen. Their auction estimates range from $7,000-10,000 to $10,000-15,000.

It’s exciting stuff. I’m not aware of any VN novel manuscripts ever being offered at auction. Maybe a story or a poem, but not a novel. One reason is that the great bulk of VN manuscripts and other material was sold to the Berg Collection at the New York Public Library in 1991 or given to the Library of Congress. But I honestly don’t expect the 138 TOoL cards to get knocked down near the estimated prices. Unless one of those bonus baby bankers is a VN collector.

I’ll have more to say.

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