By Justin Power
If the idea of making money from a hobby appeals to you, then you should consider collecting first edition books. Let me give you a real-life example. If you had bought a copy of the Nobel laureate Seamus Heaney’s first collection of poetry, Death of a Naturalist, in 1999 you would have paid less than £300. Today the same book would sell for at least £1,500. Giving you the double satisfaction of owning a valuable, rare and famous book – and of making a 400% profit in under seven years. Nor is this a one-off fluke. Experienced book collectors will tell you that with careful planning it is possible to regularly earn above average returns from this fascinating and enjoyable hobby. However, as with any ‘alternative’ investment, caution is advisable. You shouldn’t invest money you may need back in a hurry or that you can’t afford to lose.
Books become valuable for a variety of reasons. To begin with the author must be in demand. Collectibility is strongly influenced by fashion and circumstances. Immediately after John Banville’s The Sea won the Man Booker Prize first editions of the book – previously available for under £40 – started changing hands for £160 and above. When Francis Coppola made a film of another great Irish classic, Bram Stoker’s Dracula, first editions increased tenfold in value from around £800 to £8,000. Not that a film version guarantees success. First editions of Captain Corelli’s Mandolin by Louis de Bernieres regularly sold for £700 before the film bombed at the box office in 2001, whereas now they barely make half this price.
Interest in an author is not enough. The book itself must be what collectors call a first edition. A best-selling book will be printed many times in different formats. With very few exceptions, the only version that will be of value is the first printing of a book that is offered for sale. Over the years millions of copies of Ulysses have been printed but it is the initial 1,000 run – published on James Joyce’s fortieth birthday, 2nd February 1922, in Paris – that are worth the most money. Furthermore, of this edition, it is the 100 books actually signed by the author that command the highest prices.
Condition is another crucially important factor. If a book has been damaged, repaired or – in the case of modern novels – no longer has its dust jacket, the price will tumble. A signed first edition, on the other hand, will push the value up. This is especially true if there is a connection between the author and the recipient. Interestingly, rarity may have little or no effect on price. Speak to someone who specialises in antique books and you will discover that seventeenth and eighteenth century leather bound volumes, of which few copies may exist, are frequently worth only a few euros. By the same token, a relatively modern book that failed to sell, despite being a first edition and in short supply, is likely to be of no value.
In summary:
Always choose books you will enjoy owning. This way you will never regret your purchase.
Only buy first editions. All other editions are relatively worthless.
Buy the best condition books you can afford. If you are buying new, modern first editions do not read the books. Unread books are worth more.
Remember, rare does not automatically mean desirable.
What sort of books should you buy? Most dealers will advise you to specialise in a particular area. For instance, the value of literature related to medical discoveries is currently on the way up. Twenty years ago an off-print, signed edition of an article written by James Watson and Francis Crick, who discovered DNA, sold for £300. Another one recently came up for sale and made £18,000. I have friends who collect everything from books about the Russian royal family to children’s ‘pop-up’s’ and from modern first editions (relatively inexpensive if you buy when first published) to 19th century travel books. All offer potential for growth. For my own part, I am most interested in twentieth century Irish literature. Many of these authors are still alive (prices tend to increase when an author dies) and although the biggest names such as W B Yeats and Samuel Beckett (whose centenary is this year) are out of my league, a host of others – including Seamus Heaney, William Trevor, Molly Keane, Brian Moore, Flann O’Brien, and the late John McGahern – are still available at reasonable prices.
One final question that needs to be answered is where to buy. I would not, on the whole, recommend the internet. Sites such as Abe Books (www.abebooks.com), which offers more than 70 million volumes from over 13,000 dealers and sells over 20,000 books a day, are not for the inexperienced. Books are frequently described inaccurately and overvalued. Far better to buy at auction (all the major auction houses hold regular sales) or through a reputable dealer. Incidentally, once you know what you are looking for, you may be surprised by how much you can pick up in ordinary second-hand book shops, charity shops and even privately.
Justin Power http://www.powerreport.net
Article Source: Ezine Articles
 |
 Death of a Naturalist by Seamus Heaney Paperback 1969 1991 Edition First $7.41 Time Remaining: 17h 29m Bid now |
 DEATH OF A NATURALIST BY SEAMUS HEANEY $1,001.12 Time Remaining: 1d 10h 29m Buy It Now for only: $1,001.12 Buy It Now |
 DEATH OF A NATURALIST Seamus Heaney SIGNED 1st Edition 1st Book Nobel WInner $1,700.00 Time Remaining: 4d 3h 22m Buy It Now for only: $1,700.00 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of Political $3.42 Time Remaining: 4d 14h 45m Buy It Now for only: $3.42 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $10.87 Time Remaining: 5d 10h 47m Buy It Now for only: $10.87 Buy It Now |
 An Eco Acoustic Reading of Seamus Heaneys Death of a Naturalist by Abdullah $47.70 Time Remaining: 5d 13h 5m Buy It Now for only: $47.70 Buy It Now |
 Death of a Naturalist by Seamus Heaney 1970 Fourth UK Impression Faber $200.00 Time Remaining: 5d 22h 53m Buy It Now for only: $200.00 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $10.87 Time Remaining: 7d 14h 40m Buy It Now for only: $10.87 Buy It Now |
 Death of a naturalist by Heaney Seamus Book The Fast Free Shipping $15.31 Time Remaining: 7d 20h 8m Buy It Now for only: $15.31 Buy It Now |
 SIGNED FIRST REVIEW COPY SEAMUS HEANEY DEATH OF A NATURALIST $1,500.00 Time Remaining: 7d 21h 12m Buy It Now for only: $1,500.00 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $10.87 Time Remaining: 7d 23h 14m Buy It Now for only: $10.87 Buy It Now |
 Seamus Heaney DEATH OF A NATURALIST First Edition UK 1966 Signed Copy $2,002.23 Time Remaining: 8d 21h 28m Buy It Now for only: $2,002.23 Buy It Now |
 Death of a Naturalist $18.64 Time Remaining: 9d 15h 48m Buy It Now for only: $18.64 Buy It Now |
 Death of a Naturalist $29.11 Time Remaining: 9d 20h 45m Buy It Now for only: $29.11 Buy It Now |
 Death of a naturalist by Heaney Seamus Book The Fast Free Shipping $15.31 Time Remaining: 11d 19h 9m Buy It Now for only: $15.31 Buy It Now |
 Eco acoustic Reading of Seamus Heaneys Death of a Naturalist by Tayyab Areeba $52.73 Time Remaining: 12d 5h 44m Buy It Now for only: $52.73 Buy It Now |
 Death of a Naturalist Seamus Heaney Faber Faber 1966 First $1,500.00 Time Remaining: 13d 21h 6m Buy It Now for only: $1,500.00 Buy It Now |
 Death of a Naturalist by Seamus Heaney $15.13 Time Remaining: 13d 22h 22m Buy It Now for only: $15.13 Buy It Now |
 Seamus Heaney DEATH OF A NATURALIST First UK Edition 1966 RARE POETRY $1,854.45 Time Remaining: 14d 10h 34m Buy It Now for only: $1,854.45 Buy It Now |
 Death of a Naturalist by Seamus Heaney $13.08 Time Remaining: 14d 17h 59m Buy It Now for only: $13.08 Buy It Now |
 Bird of Life Bird of Death A Naturalist s Journey Through a Land of $3.95 Time Remaining: 16d 40m Buy It Now for only: $3.95 Buy It Now |
 Death of a Naturalist Paperback by Heaney Seamus Like New Used Free shipp $32.71 Time Remaining: 16d 19h 6m Buy It Now for only: $32.71 Buy It Now |
 DEATH OF A NATURALIST By Seamus Heaney Mint Condition $27.95 Time Remaining: 17d 6h 16m Buy It Now for only: $27.95 Buy It Now |
 Death of a naturalist by Seamus Heaney Paperback Expertly Refurbished Product $57.23 Time Remaining: 17d 18h 8m Buy It Now for only: $57.23 Buy It Now |
 Seamus Heaney Death of a Naturalist Signed 1980 $345.00 Time Remaining: 18d 12h 29m Buy It Now for only: $345.00 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of Political $4.49 Time Remaining: 18d 21h 11m Buy It Now for only: $4.49 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of Political $3.94 Time Remaining: 20d 12h 24m Buy It Now for only: $3.94 Buy It Now |
 Death of a Naturalist by Seamus Heaney English Paperback Book Free Shipping $13.83 Time Remaining: 21d 3h 20m Buy It Now for only: $13.83 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of $4.09 Time Remaining: 21d 19h 23m Buy It Now for only: $4.09 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $10.87 Time Remaining: 22d 2h 17m Buy It Now for only: $10.87 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of Political $3.42 Time Remaining: 23d 16m Buy It Now for only: $3.42 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out $13.10 Time Remaining: 23d 5h 53m Buy It Now for only: $13.10 Buy It Now |
 Death of a Naturalist by SEAMUS HEANEY First Edition 1966 1st US Nobel Prize $750.00 Time Remaining: 23d 6h Buy It Now for only: $750.00 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $9.93 Time Remaining: 23d 6h 59m Buy It Now for only: $9.93 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land ExLib $4.09 Time Remaining: 23d 14h 14m Buy It Now for only: $4.09 Buy It Now |
 Death of a Naturalist Paperback by Heaney Seamus Brand New Free P $11.74 Time Remaining: 23d 15h 14m Buy It Now for only: $11.74 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $10.87 Time Remaining: 23d 22h 28m Buy It Now for only: $10.87 Buy It Now |
 Seamus HEANEY Death of a Naturalist First Edition 1966 $1,750.00 Time Remaining: 24d 18h 21m Buy It Now for only: $1,750.00 Buy It Now |
 BIRD OF LIFE BIRD OF DEATH A NATURALISTS JOURNEY By Jonathan Evan Maslow Mint $35.95 Time Remaining: 25d 4h 15m Buy It Now for only: $35.95 Buy It Now |
 Death of a Naturalist by Heaney Seamus Paperback Book The Fast Free Shipping $11.87 Time Remaining: 25d 5h 57m Buy It Now for only: $11.87 Buy It Now |
 POEMS DEATH OF A NATURALIST DOOR INTO DARK By Seamus Heaney Excellent $179.75 Time Remaining: 25d 8h 24m Buy It Now for only: $179.75 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Int $6.14 Time Remaining: 25d 10h 49m Buy It Now for only: $6.14 Buy It Now |
 Death of a Naturalist by Heaney Seamus Paperback Book The Fast Free Shipping $11.87 Time Remaining: 25d 15h 2m Buy It Now for only: $11.87 Buy It Now |
 Bird of Life Bird of Death A Naturalists Journey Through a Land of $4.09 Time Remaining: 26d 6h 22m Buy It Now for only: $4.09 Buy It Now |
 An Eco Acoustic reading of Seamus Heaneys Death of a Naturalist Areeba $37.30 Time Remaining: 27d 12h 28m Buy It Now for only: $37.30 Buy It Now |
 1st 4th Death of a Naturalist Seamus Heaney 1970 Faber HCDJ First Book $200.00 Time Remaining: 28d 2h 20m Buy It Now for only: $200.00 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out $15.95 Time Remaining: 29d 16h 58m Buy It Now for only: $15.95 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $8.98 Time Remaining: 29d 21h 55m Buy It Now for only: $8.98 Buy It Now |
 Poems 1965 1975 Death of a Naturalist Door Into the Dark Wintering Out N $4.55 Time Remaining: 30d 1h 16m Buy It Now for only: $4.55 Buy It Now |
 RARE 1st Edition Death Of A Naturalist Seamus Heaney SIGNED 1st Print $900.00 Time Remaining: 30d 15h 10m Buy It Now for only: $900.00 Buy It Now |
