P&P on the block
Once again, it’s time to play “If I Were a Rich Janeite.” (Cue klezmer music.) The British auctioneer Bonhams has announced that, later this fall, it will offer a first edition of Pride and Prejudice for sale.
Bonhams estimates that the three-volume set -- in original bindings, a big plus for collectors – will fetch £15,000-20,000 (about $19,300-25,740). But Austen items have a history of selling for far more than initial estimates: In 2008, the copy of Emma that Austen presented to her friend Anne Sharp sold for £180,000 ($233,400), more than double the pre-auction estimate, and two years later the same item sold again, for a whopping £325,000 ($421,500).
In 2012, Austen’s turquoise ring brought in £152,000 ($197,000), five times the pre-sale estimate, and in 2014, a copy of Emma in original bindings fetched £48,050 ($62,300).* [On the other hand, when the Sharp copy again came up for sale in 2012, it failed to reach its reserve price of £150,000 ($194,500) and remained unsold.]
Whatever the newly offered P&P eventually goes for at the auction, scheduled for November 28 in London, it’s certain to be out of my price range. Alas. (Cue sad violins.)
Lest we Janeites get too full of ourselves, it should be noted that at the same time Bonhams announced its impending Austen sale, it also publicized two other items it plans to auction: A World War II-vintage Enigma coding machine, and a rare early golf ball. (Delightful as it would be to imagine this random threesome on the same auction block, it seems unlikely that the golf ball and the Enigma machine will join P&P in Bonhams' Fine Books and Manuscripts sale.)
Given the mania for golf, perhaps it’s not surprising that the ball is expected to pull in £12,000 ($15,500), not far off the price for the Austen. And given the mania for WWII history, it’s probably equally unsurprising that the Enigma is expected to draw £100,000-150,000 ($130,000-$194,500), ten times the low estimate for the books. Still, the price differentials are a salutary reminder that, passionate as our fandom may be, it’s not the only fandom out there.
* Confusingly, the auction house described this as a world-record auction price for Emma, despite the far higher prices paid for the Sharp copy.