Tuesday, January 13, 2009

The Price of Wealth Of Nations - First Edition

In Rare Book Review (December 2008/January 2009) HERE:

“An Inquiry into the nature and causes of the wealth of nations by Adam Smith, London, W. Strahan and T. Cadell, 1776 first edition, in two volumes. Bound with Additions and corrections to the first and second editions of Dr. Smith's inquiry into the nature and causes of the wealth of nations. [London, W. Strahan and T. Cadell, 1784]. (HK $ 1,100,000)”

This amounts to £95,682.30 UK Pounds, which suggests the first edition of the Wealth Of Nations is increasing in value pretty fast.

In December, the price of a first edition was quoted at Sotheby’s as £68,000 and I saw an auction price of £72,000 for a first edition in mid-2008.

Of course, the condition of the various copies would influence the price, as well as market demand.

Wealth Of Nations when it was published on 9 March 1776 was sold at £1.16s.



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