The AED at 3,100,147
- By Bruce McKinney
The history of books is in the details
The New AE is here and it will take some time to understand how this site is different from the version developed by Weicheng Chu of Los Angeles four years ago. This time around the developer is Calsoft. AE has become, over the past nine years, a group of modules developed one at a time: AE Monthly, the AED, the Auction Search, Books for Sale, Matchmaker and Footnotes. In this redevelopment Footnotes is incorporated into the AED and the other elements now function together. The most important example of this is how searches are managed. The AED, Books for Sale and Upcoming Auction Lots are now searched together. Results for the database selected appear on screen while results from the other databases appear as blue number links to their related results. If clicked, you already know how many results there are and they are queued for review. The numbers themselves provide relative information even if the actual results are not examined.
For members who wish to sell material the interleaving of search results with material in upcoming auctions and the AED leads to a higher probability of sale. In beta testing every aspect of the site benefited from the integration of search results.
Searching multiple complimentary databases provides more complete answers. The AED, by itself, deliverers 4 to 8 times the results of any other database tracking auction history and does so in seamless union with Books for Sale and Upcoming Auction Lots. The effect is to deeply intensify search focus, to encourage digging and bring more intense, possibility important matches out. Simply said, when you place current listings in the context of auction history they gain context and reference. In the AED "Maps" yield 370,001 records, "maps New York" 59,463, "maps New York Ulster" 17. The matches in Books for Sale and Upcoming Auctions, two each, yield precise and interesting matches. Experience will confirm these databases running together work very effectively.
The scale of the AED encourages precision. Precision in turn leads to changing perceptions of the results. Comparative numbers become part of what we can and immediately do begin to know. An item at auction or in Books for Sale that has few related entries in the AED is immediately a candidate for purchase. In a busy world of too few minutes and too many books these search results provide immediate clarity.
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The AED at 3,100,147
- By Bruce McKinney
For those who list in Books for Sale there are no commissions because the simplicity of this approach makes it possible to provide integration in a direct and simple way. For years, as the rare book business has become more difficult and listing fees escalated, dealer prices have of necessity risen in compensation. In this approach dealers list on a commission free basis and those interested to buy, if they are accessing the AED, can see both our estimates of current value and probability of reappearance. The goal is to both improve dealer margins by lowering listing costs while providing information about current value and probability of reappearance that encourages negotiation and purchase.
All of these tools require some experience and intelligence. The good news is that the rare book community is uncommonly smart. In developing current valuation and probability of reappearance calculations we understand that experienced people will select appropriate rather than single or random records. We providing the methodology. Members, with experience, will run searches and then eliminate inappropriate preliminary results before creating current value/probability of reappearance indexes.
Those who say that books are casual and unimportant will wonder why we continue to add precision that fills gaps in knowledge. The answer is simple. It matters. Those who first acquire books do not always think to ask if an item is priced appropriately to its value. In time, if random purchases become a collection, this invariably becomes very important as the collector or their heirs years later seek to recover fair value. We simply believe there should be clarity going in to avoid disappointment when selling. For buyers this transparency when buying significantly improves the prospect of a successful exit and should empower broader collecting.
We believe in this approach and make this offer to those who would like to list in Books for Sale. The cost for up to 10,000 items, is $340 a year, $185 of which is a research subscription. There are no commissions and we provide this unlimited satisfaction guarantee. If for any reason during your listing year you are unsatisfied with Books for Sale we will refund the listing portion of your subscription. No questions asked. Simply stated, it works or your money back.
To inquire: email bmckinney@americanaexchange.com or simply click here.
To sign-up, click here.
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