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Saturday, February 22, 2020

How to build a fortune on your bookshelf: Rare books can be a real goldmine, but what should you look out for? We find out | Investing - This is Money

  • Inscribed copy of Harry Potter And The Philosopher's Stone fetched £106,250
  • For beginner book buyers, the later works of popular writers are cheaper 
  • You can get first-edition Roald Dahl and Agatha Christie books for £30 to £50 
  • Rare editions of Charles Dickens and Shakespeare are considered safe bets

Within a green velvet box lies a pristine first edition of Animal Farm from 1945. Rare book dealer Pom Harrington gently removes its dust jacket to reveal George Orwell's signature, reports Amelia Murray For The Daily Mail.

Rare editions of James Bond novels (pictured), Charles Dickens and Shakespeare are considered safe bets as they have been popular since they were first printed

'This is really collectible and rare. There are only three or four in the world that are signed,' he says. The price? £120,000.

I have come to the Peter Harrington bookshop in South Kensington, West London — founded in 1969 by Pom's father — to learn the secret to investing in books.

From the outside, the dark green exterior matches my image of what an old bookshop should look like. 

But inside, instead of piles of dusty volumes, there are impossibly neat rows of books on shelves that reach the ceiling. Some copies are in glass cabinets...

For example, in 2017, an inscribed first edition of J. K. Rowling's Harry Potter And The Philosopher's Stone fetched £106,250 at a Bonhams auction...

However, rare editions of James Bond novels, Charles Dickens and Shakespeare are considered safe bets as they have been popular since they were first printed.

Source: This is Money