Report: “Retail Might Be Struggling, But the Rich are Buying Rare Books”
From Bloomberg:
Even as independent bookstores struggle to survive, rare books and manuscripts have proven a rare bright spot in the industry. It’s almost like two businesses,” says Kenneth Gloss, the owner of Brattle Book Shop in Boston. “As far as the general used-book business, it’s been off.”
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The resilience of the top of the rare book market is particularly notable, given the 20-year-long erosion of the rest of the market. “There’s less collectors and there’s less participation in terms of people coming to book fairs,” says [James] Gannon [director of rare books at Heritage Auctions]. “Many [rare] bookstores have closed up and gone to online-only business, and the reason is that people come into the shops, then go online and search for an item and find it cheaper.”
Learn More, Read the Complete Article (approx. 1180 words)
Filed under: News
About Gary Price
Gary Price (gprice@gmail.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.
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