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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 XI PRICES OF VARIOUS CLASSES OF BOOKS

overlooked by those who know but little of books. Constantly when a very high price is announced in the papers some person finds that he has a copy of the identical book, for which he expects to obtain an identical price, and he cannot understand when he is told that his copy is practically valueless, because it is in bad condition.

If a book is unique, he who wants it must take it as it is, and make the best of the missing leaves, the worm-holes, or the stained pages; but if several copies still exist, it will be found that the price of the bad copy bears no proportion to that of the good one.

(2) The forger is abroad whenever prices rule high. We have seen how facsimiles have been sold as the originals, and bindings have often been doctored, Maioli’s and Grolier’s being manufactured for the ever greedy demand. Fortunately, however cleverly the frauds

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