Well, my estimate was on target - sold (to a dealer, apparently) for $82.99, as compared with a running price of $20.99 at the time I posted my notice in the message above. This effectively reaffirms that the starting bid of $750 for the PBA Galleries copy auctioned earlier this year, on which just one bid was received, against a stated estimate of $1500-$2500 or thereabouts, was absurdly high.
Sometimes major auction house starting bids and estimates serve the auction houses more than they reflect true market values, since they are not always as expertly assessed as they ideally ought to be. They can become self-fulfilling prophecies, as anyone who really wants the book concerned then feels obliged to meet at least the mid-estimate in his or her bid simply to stand a chance of securing the lot.
There is a very high estimate on a forthcoming auction for the first two volumes of the Conjuror's Magazine at Bloomsbury Books currently - ?1000-?1500 GBP, for a defective set lacking the majority of the illustrations, one prefatory page and one index page, and with some damage to the illustrations that are present. I'm steering well clear of this one. It may sell well below the lower estimate. If not, then someone will be paying a fortune for a sub-standard set. Personally I think in this condition it is barely worth more than the opening bid of ?500 + 20% buyer's premium, ie ?600, leaving very little room for a fair auction and no chance of a bargain.
http://cgi.liveauctions.ebay.com/556C-C ... enameZWDVW
Philip