Alternative Investment Guide - Rare Books
Dealer in antiquarian books and sometime book-shop owner Nancy Foy outlines the thrills and spills of the book market
The book market doesn't behave like the stock market or the housing market. Like them it has its own jargon ('foxed eps', 'light offsetting'), its own perceptions of value ('good' means 'not good'), its own fads (C S Forester is up, E P Forster is down). Unlike other investments, books bring out personal quirkiness, and inexplicable elements of love. If a book won't sell, put the price up, they say.