Unbridled
elation and bitter disappointment pretty much sum up the extremes of a book
collector’s psyche. An instance of either is well-remembered. But when the two
intertwine over the same book a story must be told, for that is my only relief.
The
elation came at a cost, naturally. The book involved was H.P. Kraus’ A Rare
Book Saga (1978). This copy is inscribed to Arthur Houghton, Jr., “To
Arthur, the Great Collector, With best wishes, Hans, Sept. 12, 1978.”
Hans
P. Kraus (1907-1988) was a budding bookseller in Europe but lost almost
everything when he fled Nazi Germany after spending time in a concentration
camp. He re-established his rare book business in New York in 1939. Within a
decade, he was well on his way to becoming one of the most dominant rare book
dealers in the world. In many ways, he
assumed the mantle of A.S.W. Rosenbach in America. A Rare Book Saga
recounts his trials and adventures set against the backdrop of a world in
turmoil.
The
recipient, Arthur Houghton, Jr. (1906-1990) was a famous bibliophile whom Kraus
himself discusses below.
The
seller was James Pepper, well-known West Coast book dealer, who has a
discerning eye for important items and on occasion an unrestrained enthusiasm
for pricing. However, he and I are on good terms, and I’ve enjoyed a couple fine
conversations with him regarding specific books and the rare book trade in
general. He also has a personal collection with many jaw dropping items, but
that is his story to tell.
The
asking price for Houghton’s copy of A Rare Book Saga was $750. Now
biblio-ladies and gents that may not sound like a lot to ye collectors of Incunabula,
High Spot Modern Literature, Western Americana, or Heralds of Science, but an
inscribed copy of A Rare Book Saga typically sells for much less. I know
because I’ve been the primary market for them, and I have six other inscribed
copies. So, in my realm this was sticker shock. I put the book in my online “save
for later” cart and tried to forget about it, buying a couple less expensive
items that day to soothe my irritation.
But
the mental gnawing began, like a rogue squirrel in an attic chewing on an
exposed wire, at first relatively harmless, but then not so harmless, and we
won’t get too graphic, but the finale did not go well for the squirrel, and my
mental gnawing reached the point that for my own well-being, I had to buy the book.
My wife Nicole found my excuse of mental anguish flimsy but acquiesced.
In
retrospect, I now view this recent purchase as a bargain, a what-was-I-thinking-if-it-got-away
item, a priceless relic of biblio-history, which it is. Kraus provides an
account of buying Houghton’s Gutenberg Bible in A Rare Book Saga. Let’s
let him tell it in his own words:
“What
was the pinnacle of my bookselling career? What better encore, after buying and
selling a Constance Missal, than buying a Gutenberg Bible, the king of
all book rarities? . . . To buy a copy for stock, without immediate prospect of
sale, was risky, considering monetary uncertainties and the threat of
recession. No bookseller could tie up that much capital. Or so it was believed.
The doubts persisted on that day in 1970, unforgettable to me, when the world
learned of my acquisition of the Houghton copy.
“On Monday, February 2, 1970, out
of the blue Arthur A. Houghton [Jr.] called me at my office. He asked me to
come for cocktails to his Sutton Place house. . . I knew Houghton and he wasn’t
the sort to invite anyone for small talk.
I had a hunch he might be ready to sell [his Gutenberg Bible], or at
least explore the possibility, so I accepted the invitation.
“Houghton, president of Steuben
Glass, had started young as a book collector.
I met him first in 1940, when he was curator of rare books at the
Library of Congress. He is one of
America’s great collectors and his library consists of rare and beautiful books
and manuscripts that struck his fancy. . .
“Houghton came right to the point.
After exchanging amenities, during which he probably sensed that I knew what
was coming, he announced:
“’I want to sell the Bible.’
“These words danced in my ears. . .
Though hard negotiations might follow, I knew the book was mine.
“The decision, he explained, had
not been reached overnight. Houghton had
owned a Gutenberg Bible, first the very incomplete duplicate of the
Stadtbibliothek Trier bought at Sotheby’s in 1937 and then this one, for more
than 30 years. His fascination with the
book had not diminished in all that time, but his insurance company insisted he
keep it in the bank and he did not want a book he could not keep at home. The urge to sell comes to many collectors,
especially in a bull market. In 1970 the
bulls definitely had the best of the antiquarian book trade.
“I immediately made a substantial
offer.
“This took him by surprise. . .
“’How will you pay?’ he asked.
“’Cash.’
“This, too, proved a surprise. Not every bookseller is in a position to
write out a seven-figure check.
“After minor bargaining, we reached
a firm price. This was later reported in
the press as ‘between one and two million dollars.’ I agreed with Houghton not to reveal the
exact sum.”
Kraus
garnered much publicity from owning the Gutenberg Bible. He eventually sold the
book to the Gutenberg Museum in Mainz. Kraus wrote, “It is especially
gratifying to us that our copy goes home, not only to the country but also to
the city of its birth.”
My
savoring of this special association copy of A Rare Book Saga continues
and will continue but that doesn’t mean I’m not ready to add another unique
copy to my holdings.
Thus,
we come to the bitter disappointment. It involved an Ebay seller, but that
won’t shock most, as Ebay is both a potpourri of amazing finds and squirrely
misfires. A collector must keep an eye
on the site though or miss out.
I
did a regular online sweep of copies of A Rare Book Saga and noticed one
offered on Ebay that instantly stirred my biblio-juices. Listed ostensibly by a
UK seller with the handle of “plsshipfast,” this copy was inscribed by Kraus to
the famous American bookseller Jacob Zeitlin (1902-1987) with a related letter
from Kraus laid in. The inscription read, “To my good friend Jake, with best
wishes, Hans.”
Both the inscription and
letter were prominently illustrated in the online listing. I wisely in
retrospect downloaded copies of each. The price was a very reasonable fifty
British pounds (plus the usual zillion shipping fee to the US).
In
many ways this association copy was a rival for the Houghton copy already in my
hands. Zeitlin, based in Los Angeles, was the doyen of West Coast dealers. He
and Kraus brokered one of the greatest sales in the history of the rare book
trade (in this case illuminated manuscripts). The transaction happened in 1983
and is not recorded in Kraus’ autobiography because it occurred after the book
was published.
Kraus
represented the German collectors Peter & Irene Ludwig in the transaction. They
were important clients of Kraus. Zeitlin was agent for the Getty Museum who
purchased the Ludewig Collection of 144 illuminated manuscripts for a reported
forty-two million dollars (roughly one hundred and forty million in 2025
dollars). This filled a major gap in the Getty Museum’s holdings. In financial
terms, this was the summit of both men’s bookselling careers. There are more
details online about the transaction for those interested. But this brief synopsis shows why this
association copy was so appealing to me. I needed it. I could just
imagine it rubbing jackets—gently-- with the Houghton copy.
A
hiccup happened when I hit the order button. The seller would not ship from the
UK to the United States (and this was before tariffs). Oddly, the seller was also listed as being
located in Houston, my hometown. In retrospect this incongruity was a yellow
flag, but I was staring at the copy online with the illustrated inscription and
letter and thinking you can’t get more copy specific than that, so let’s
proceed. I emailed the seller, told them
I was interested, and asked about options to get the book shipped to me.
In
the meantime, my fervor for the book led to extreme proactivity. I went into
deep thinking mode, got tired of doing that, took a break to eat, then came
back to deep thinking mode, and my internal AI eventually produced an English
contact that could order the book for me: Howard Mather of Wykeham Books. Howard is an experienced bookseller
specializing in books about books, bibliography, the book arts and related
subjects. I have never met him, but we have become epistolary friends. I’ve bought
several nice association items from him over the years. I also found out during
this adventure that he had been a corporate lawyer, and this escapade would eventually
stir up his legal hackles.
I
emailed Mather, told him of my predicament, asked him if he would order the
book for me, ship it on, invoicing me for his services, including my
contribution to his pub fund. In the meantime, I emailed the Ebay seller again
and said I’d found a shipping solution so no worries.
Book
time can move slowly when awaiting the arrival of an exciting acquisition. I
tamped down the urge to check in with Mather for an update. The monetary amount
involved was small beer, but the importance of preserving this copy a large
one.
Mather’s
first update arrived. He said the book has been mailed to him, but it is coming
from Australia according to tracking information. Both of us were perplexed and
we decided to just play it out. I was getting a sinking feeling.
A
week later Mather’s second update confirmed the book’s arrival, but it is “a
very average ex-library copy with stamps and tape marks.”
I
let fly favorite expletives. Lots of them. However, we both held a glimmer of
hope that perhaps they simply shipped the wrong copy.
The
so-called seller replies to Mather’s concern and inquiry:
“Thank
you again for bringing this to our attention. We truly understand how
disappointing this experience must have been, especially when your expectation
was set by the description and images provided. We’re genuinely sorry for the
inconvenience caused.
“To clarify once more, the listing
was for a Used – Good condition copy, and the images were intended as stock
photos for reference only. While some listings may include extras like
inscriptions or letters, these are not guaranteed unless specifically stated in
the written description.
[my italics].
“As a USA-based seller, this order
was fulfilled by one of our vendor partners. To avoid the inconvenience of an
international return, we would like to offer you a 10% partial refund as a
goodwill gesture and a sign of our responsibility.”
Can
there be any more classic case of bait-and-switch, or bookselling incompetence?
Both Mather and my biblio-motors were running hot after this ridiculous response.
Mather
responded to the message, “No. That is wholly unsatisfactory and unless you
resolve this properly now, I shall be forced to leave very negative feedback
and raise the matter with Ebay. As for ‘While some listings may include extras
like inscriptions or letters, these are not guaranteed unless specifically
stated in the written description.’ I happen to have been a corporate lawyer
for 20 years and this made me laugh. Kindly tell me where to send the book and
send me a full refund without delay.”
The
seller eventually complied after more vigorous correspondence, the book was
returned, and Mather was refunded the money. I felt horrible to have gotten
Mather mixed up in this, and I appreciated his professionalism the whole way
through.
This
episode served to remind me that an online journey into the biblio-unknown, usually
the most rewarding of desk-bound adventures, can occasionally be arduous and
frustrating.
Yet
someone, somewhere has the Zeitlin copy. Where art thou, A Rare Book Saga?
You should be on my shelves nestled next to Mr. Houghton’s copy. Eternally
optimistic I remain, as all collectors must be, and I await your re-discovery
and arrival.
This essay first appeared in my column in the FABS Journal, Fall 2025.
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| Where art thou? |