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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 III PRICES OF MANUSCRIPT BOOKS

For many years the late Sir Thomas Phillipps was an omnivorous collector of manuscripts, and his collections were vast. They are gradually being sold by auction. Several portions have passed under the hammer of Messrs. Sotheby, and others are still to follow.

A very fine collection of illuminated manuscripts was gathered in a very short period by William Morris. It is fortunate that a collection made by one who knew so well what to buy is not to be dispersed or taken out of the kingdom. As long as it remains intact it will be a worthy monument of an enthusiastic lover of art who, while teaching the present age, was not forgetful of the history of the earlier workers in the same spirit.

We cannot register prices of such priceless manuscripts as the Gospels of St. Cuthbert, for two centuries at Lindisfarne, and now among the Cottonian MSS. in the British Museum, or the Book of Kells at Trinity College, Dublin—both of the seventh century; but some few books of great interest which have been sold by auction may be mentioned here. The chief of these is the splendid manuscript of the Bible in the British Museum, said to have been presented by Alcuin to Charlemagne. The vicissitudes of this book are very remarkable. It was confiscated during the French Revolution, and eventually came into the possession of M. Speyr Passavant of Basle, who unavailingly offered it for a large sum to the chief libraries of Europe. It was offered to the Trustees of the British Museum, first for £12,000, then for £8000, and lastly for £6500. The unfounded claims of the proprietor, who appears to have been very much of a charlatan, appear to have damaged the repute of the MS., and it remained on his hands. On 27th April 1836 the volume was put up to auction at Evans’s rooms, and was described in six pages of a catalogue in which it was the chief lot. It was catalogued as the Emperor Charlemagne’s Bible—a manuscript on vellum by Alcuin, completed A.D. 800, presented to Charlemagne A.D. 801 at the ceremony of his coronation, and mentioned in his will. The date is not undisputed, and it is supposed by some to be of about forty years later. The statement that

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