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Henry B. Wheatley examines the historical fluctuations in the prices of books as an indicator of broader economic and intellectual development. The text analyzes how factors such as scarcity, mechanical innovation, and changing social values influence the market value of printed works over time.

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CHAPTER VIII PRICES OF EARLY PRINTED BOOKS

chief of those books which have been steadily rising for years, and now stand at enormous prices.

It is not safe to prophesy, but there is no reason to doubt that if riches continue to increase these prices will also advance. As these books are placed in great libraries they naturally become scarcer each year. We must, however, always bear in mind that the number of libraries and individuals who can afford to spend thousands of pounds on single books are few, and if they are reduced, those who remain in the field are likely to get books cheaper.

While the first editions of the classics will probably always keep up their price, later editions have experienced a fall from which they are never likely to recover. Scholarship and knowledge of manuscripts have so greatly advanced, that many of the old high-priced editions are now hopelessly out of date, and good German texts, which can be obtained at a few shillings, are naturally preferred.

The Delphin and Oxford classics, which were once so much sought after, have now sunk to a comparatively low price. The large paper copy of Dr. Samuel Clarke’s edition of “Cæsar” (2 vols. imp. folio, 1712), of which only twenty-five copies were printed, was once a high priced book. The Duke of Grafton’s copy fetched £64, and Topham Beauclerk’s £44. There is a story connected with the latter, which should be noted. Beauclerk gave four guineas for his copy to the mother of a deceased officer, the sum she asked, but when he was afterwards told by his bookseller that it was worth seventeen guineas, he sent the additional thirteen guineas to the lady. Certainly the Sunderland copy fetched £101 in 1881, but this was a special case, owing to the connection of the great Duke of Marlborough with the book. The Duke of Hamilton’s copy, which had belonged to Louis XIV., sold in 1884 for £36; but Beckford’s copy, bound in red morocco, only brought £6.

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