An interesting study conducted Constance. Of course, the main objective is to show that second-hand market is not very exposed to the crisis. The second goal is advertising their places of work, and it is also correct. Of course, competent investment in old books are always in the future will bring tangible profits, but in the present, keep your savings. Key words here, LITERACY INVESTMENTS. In fact, all investigated by the author in Moscow auction does not reach ten, lots of really good, decent level of Sotheby's auction, and Christie. Research conducted on the results of auctions in Europe, unfortunately, held without the possibility to hold in the hands of the investigated materials. And, often, auction houses Sotheby's and Christie, sin misdescription, or something to keep back. Well, for example, low price of 4000 euros to Malevich's book "On the new systems in the art" due to the fact that the book is heavily restored, and the back cover, as I recall, when holding a copy of this in hand, in general, restoration of Xerox. Incidentally, almost all the books Russian avant-garde of the auction in Paris, were heavily restored, hence the results. In general, the paper is interesting, timely and useful to potential collectors and all interested in antiquarian books, including many commodity specialist. From one of the few trade experts who really know and love the book. Today, in times of economic crisis, the most actual sales in Russia are selling at auctions. They make it real, to date, prices for collectors. And in the antique business world, auctions are the suppliers for the antique shops and galleries. Books and autographs, bought at auction, in these galleries are sold already more expensive or sold once loyal customers of these shops and galleries.
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