Dimitra DeFotis writes in her article "Recession Beaters: Rare Prices for Rare Books":
THERE IS NOTHING LIKE A GOOD, OLD BOOK. Despite the ravages of the recession and the advances of the digital age, prices of high-end rare books are holding firm.
In fact, Swann Auction Galleries in New York, a specialist in the field, recently garnered a record $72,000 for a book from Latin America. In fact, it was the first book published in Peru (some light reading on Catholic doctrine). Illustrated art books also have been selling well: A signed, first-edition Andy Warhol hardcover from 1967 recently went for $6,000 at Swann....more