LiRM,
Where do you life in Florida? I'm about thirty-five miles of Tampa.
Two years ago, I watched the trees begin to bend in the other direction
after the eyes of two hurricanes passed directly over us. Made me think
of Yogi Berra's famous line: 'It ain't over 'til it's over."
We were lucky in that by the time they reached us, both hurricanes were
only at tropical storm strength; however, they still did quite a bit of
damage. We were real lucky when Hurricane Charley veered off into
Charlotte County at the last minute, instead of coming into Tampa Bay.
Those people weren't lucky, though.
I don't think any room can be built that would be safe enough from
another Hurricane Charley. The room would have to be a sealed box of
sorts, and I do mean "sealed," with one hell of a top.
I was checking into getting insurance for my books last year, but that
was last year. This year this bibliomaniac is selling many of his
collections instead, due to health and wealth reasons. I'll still be
keeping a few collections after the selling spress is over, and will
look into insurance again after my disabiblity retirement from the Post
Office is approved.
I had already coordinated with my insurance agent concerning the
procedures on attaching a rider to my insurance policy to cover my
books. It wasn't going to be that expensive, only a few hundred. My
insurance company did require an evaluation from a professional
bookseller. I checked with a few booksellers who were members of the
Florida Bibliophile Society, and had already chosen the bookseller who
was going to perform the appraisal before I had to change my plans
because of health reasons. We never did get to discuss the cost of the
appraisal, but he definitely wanted to do a physical appraisal, and not
just a review of the listings of my books on my websites. I believe you
will find that most booksellers will want to at least see the books they
are appraising, since they have a professional reputation to uphold.
I'll still be President of the Florida Bibliophile Society until next
January, so let me know where you live, and I'll recommend some
booksellers who do appraisals.
One final thought: During the appraisal, the bookseller will provide
his or her professional opinion on the replacement cost or value of a
particular book, using the tools of the trade. The time it takes you
to find a copy of the book does not enter into the replacement value
formula. That is "fun time."
best,
Jerry Morris,
Moi_the_Bibliomaniac
On 2 Sep 2006 10:23:27 -0700, "jcorn59483@aol.com" <jcorn59483 RemoveThis @aol.com>
wrote:
You are right. So much of this is subjective but I would STRONGLY
suggest you keep information on "going rates" if only on a yearly basis,
for your books. I'm not sure how insurance companies appraise them but I
would certainly suggest you ask them. That, at least, will be a starting
point. If they suggest you take photos and get values, do so and then do
so evein if they DON'T suggest it.
In other words, be pro-active
and that also means not undervaluing or overvaluing your current worth
of your collection. You do have to keep up with prices from year to year
because books, like any collectable item have price fluctuations. But be
fair. Look as objectively as possible at your editions. Are there corner
bumps? Any writing or bookplates or tears on the dustjackets? Any
sunning?
I'm sure many
sellers here can recall books which they once sold (easily) for hundreds
of dollars and which now have gone down in popularity...and vice versa.
So value does fluctuate from year to year. There is a guy in California,
an actor, who sells ONLY books which have been made into movies and does
quite well. The value lies in the movie/book connection.
If you
want a "realistic, what you could sell it for today" value, I'd start
with Amazon, Abe, Ebay, etc. Although people scoff at Ebay, I find it IS
used by serious collectors and booksellers and a good, rare book WILL
get decent bids there, IF there seller starts with a fair opening bid
and a reasonable reserve. I had that happen with a rare book just
recently and it happens regularly enough for me to use the venue.
You
are likely to find a serious discrepancy between what Addall and Abe and
Amazon list as the price of a book and what Ebay sells them for. Keep in
mind that anyone can ask ANY price for a book and the bookselling sites
are not final "vetting" (valuation) sites. They are subject to seller
bias, opinion and "guess-ti-mates", not to mention wishful thinking.
Also, the turnover time is quicker on Ebay and there is some luck
involved. For those who have the patience to wait for the BEST price,
Amazon, Abe or Alibris may be a good place...but how you'd find the
actual selling prices of those books is another matter. How many bought
them and at what price? Is there a site which lists these things?
Not that I'm aware of. That would be a valuable resource, though, if
anyone knows of one.
.
Also, for your rarest books, look at some of the Swann catalogs and
Bauman Rare books. Clip anything relevant and put it in archival quality
bags and keep with your books. DO NOT PUT the actual articles in your
books; they'll discolor the pages unless they were printed on acid-free
paper. Anything you have that proves the value of your books is an
asset. Also compare "likes to likes' - condition should match the books
you use. After all, it wouldn't be fair to value your book at $2000 if
it is missing a dustjacket, is banged up, has water stains, etc.
It
sounds like you care for your books. Do try to keep them protected in
case of fire but I know not everyone can do that.
LiRM replied:
My major concern is a hurricane (I live in FL).
I don't care about clothes, electronics, photos (I have all of my
important ones scanned) or anything else - that can all be relatively
easily replaced. Only my books cannot. The only real solution I see here
is some kind of safe room that is basically completely water and fire
proof - and the cost of putting in something like that would exceed the
cost of my collection.
On the other hand, one of my wife's friends just had such a room built
as an extension to his home. I bet he sleeps very well at night knowing
he has literally no worry's with a storm approaching. He is quite
wealthy though, and can afford this luxury
LiRM wrote:
For insurance purposes and also in the event of say a house fire, I'm
trying to get realistic prices for what my books are worth.
I use Readerware software, which allows me to go to various web sites
and pull data on any field - one of which, of course, is price.
I'm trying to find out what you folks use as a good source web site for
getting a realistic value for your books - "realistic" being the key
word. For instance, I just bought a copy of "Dark Sun" by Richard
Rhodes. I think I paid about 30 bucks for a 1st edition 1st printing.
Some sites are showing the value of this book at 4 or 5 dollars!
I realize that all of this is so subjective, but in the event of a fire,
I obviously wouldn't want to rely on that data to give to my insurance
company as I'd never be able to replace my books.
On the other hand, having to search out each and every book I have to
find what it's selling for would be a task that would take forever.
So, I guess my questions boil down to a few:
1. I have signed and 1sts all in a database now. What site would be the
best to use to get realistic pricing on replacement value by using the
software to pull it from?
2. Am I going about this all wrong? Is there a better or easier way to
get realistic pricing so I can get this to my insurance company so in
the event of fire or flood or whatever, I can actually have the money to
replace my very prized collection.
3. On signed books - I realize that although they may be worth a lot to
me, I'll never get what I think they are worth in the event of a fire.
Or is there a way to figure this value in - say from an appraiser - one
that the insurance company would agree to that persons opinion of the
value of my collection?
Any help on this would be greatly appreciated.
Regards,
LiRM
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