Most booksellers when evaluating their business assets will consider the cost and potential market value of their inventory, the cost of computer equipment, and maybe even the replacement cost of their reference library, but it seems that the value of their book-selling database is often overlooked.
“Is it a first?” “What are the points of…?” “I can’t find a price guide for…?” “No copy on the net, and need to know the value of…?” Such are the daily, ubiquitous questions found on the various bookish listservs to which many booksellers & collectors subscribe.
The type of appraisal this article addresses requires a written report with a lot of research backing it up. This type of appraisal usually gets scrutinized by the IRS or an insurance company.
A press release has a standard format and should be as brief and to the point as possible. Think of how long it takes you to decide whether to read an e-mail or not. That’s about how long an editor will give your press release before deciding what to do with it.
Bookselling is my second career. As a ’74 graduate of the US Coast Guard Academy, I spent the first 23 years of my professional life as a “Coastie.” In the mid-80s, I discovered collecting first editions, Charles Dickens specifically.
Wilson left his job at a cuckoo clock factory and scraped together the necessary $12,000, which was a tidy sum in 1962. His previous experience in the rarified world of bookmanship was basically limited to a serious hunt for the first editions of four particular authors. Wilson quickly realized that he was in over his head and the figures were not adding up, so he threw all his energy into printing and mailing out catalogs (some 1500), following the pattern set forth by fourth Phoenix owner Larry Wallrich in Catalogs 50 through 59 (there were no earlier numbers because he did not want to look like a beginner).