New Trend on Old Books; Rare Books Appearing Due to the Credit Crunch

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A new trend is being seen in the rare book collecting world. The credit crunch is affecting the normally sedate world of the antique and rare book collector, says bid4book.

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As the credit crunch hits a few obvious and not so obvious things seem to be happening in the book collecting world, probably the most obvious is that the majority of the population does not have as much money to spend, as their disposable income is less. So the obvious would be that second hand book dealers are feeling the pinch because of the lack of money being spent out there.

The not so obvious is that many households decide to sell valuables in order to meet monthly bills, a fact borne out by the sharp rise in business for pawn brokers (an approx 30 percent rise in trade against the same period last year). The effect on the second hand book trade and collectors would appear to be no different; collectors are deciding to sell their collections to meet financial commitments. The sheer volume of interest in book valuations (up 20 percent on the same period from last year) is a good indicator that many households are now considering selling off their antique, old, rare and out of print books. So the not so obvious outcome of the credit crunch is the appearance of books which have not been seen in years or the discovery of books that were thought to be extinct or non-existent. A UK first edition of Harry Potter and the Philosophers Stone together with a 16th century German Discantus being offered for sale on-line at http://www.bid4abook.co.uk is a good example of the latest trend. Several other extremely rare volumes are being researched and will go under the hammer in the near future.

This would appear to be an opportune time, not only for the serious collector but for the beginner as well, books which have not been seen on the market for years are starting to appear and many can be bought at a reasonable price due to the quick sell requirement of not only Joe Public but collectors as well.

For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact John Harvey or visit http://www.bid4abook.co.uk.

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JOHN HARVEY
bid4abook
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