other than the best books, such as the productions of the early presses, original editions of masterpieces, and works of permanent value in their best possible form, with the authors’ final corrections. The only high-priced books which can dispense with interesting contents are specimens of fine bindings; while here again, if the historical binding covers a really valuable book, the two elements of value united will cause a remarkable enhancement of price.
Little need be said as to those books which fetch high prices for a time, and then when fashion alters sink to a much lower level, as it will usually be found that there was no intrinsic value attached to these books, and therefore they were not such as would be bought by the wise collector at a high price. The fictitious value has usually been attained by a system of limited editions and of judicious advertising. Success in these cases is attained among a class outside the experts in bibliography, and therefore there is no cause for wonder that mistakes are made. Sometimes the depression is caused by the unexpected appearance of several copies of a book, of which one or two copies only were believed to exist.