The Man Who Loved Books Too Much

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Authors: Allison Bartlett Hoover
Tags: Biography & Autobiography, Criminals & Outlaws
see—oh, I tell you, it was a beautiful sight—a brand-new red Jaguar from Hertz with its doors wide open.” Sanders leans forward and takes a quick breath. “There’s this kid in a squad car with his head in his hands, bawling. The officer says to him, ‘You know who this is?’ And the kid looks up at me with this look, like, Oh no, I’m doomed . Then, get this: the cops forget about me. They leave the doors wide open, and here’s this kid, so I get in his face and say, ‘WHERE THE HELL ARE MY BOOKS?!’ He tells me there’s this drug ring. Fourteen others involved. I tell you, he was scared. This kid was really scared, because he knows they’ll come after him. So the next day I call the cops to see what’s going on and they tell me they tried questioning him this morning, but he wants an attorney. I couldn’t believe it! Why didn’t they question him while he was scared? Why did they wait?” Sanders finally pauses to take a deep breath. “So, anyway, this morning, I get a call. It’s been six months since they questioned him. Turns out the kid’s from a well-to-do family. He was allowed to promise to go into drug rehab in exchange for not serving any time.”
    Sanders ended this story the way he ends a lot of stories about book thieves. “Nothing—I’m telling you, nothing —ever happens to these guys.”
     
     
     
     
    It’s a wonder Sanders’s business has been successful for so many years (he reports sales of $1.9 million in 2007), considering many of the decisions he makes. His devotion to fellow book lovers, for example, usually trumps any chance of profit. About midway through my tour of his store, he noticed a customer at the counter. The man had a copy of History of the Scofield Mine Disaster , by J. W. Dilley, published in 1900, which chronicles Utah’s most horrific mining catastrophe. The man said that his grandfather had been one of the few survivors. Sanders took the book from him and flipped open the cover: $500.
    “You don’t want this,” he said, shutting the book. “I’ve got another copy, much cheaper, I’m sure.” He turned to his employee, Mike Nelson, and said, “Go look for another copy in the back.”
    Mike said he was pretty sure that that was the only copy, but Sanders insisted. When Mike returned several minutes later, having dug up a very beat-up copy, Sanders handed it to the man.
    “See?” he said, visibly pleased with himself. “Only eighty dollars—and the bonus is that it looks like it survived the fire!”

    How Sanders determines whether a book is worth $500 or $80 is based on several factors.
    “In fields that I know something about and the few that I have some expertise in, experience weighs heavily on my decisions to acquire certain books or collections,” he wrote in a lengthy e-mail to me, “and ultimately that experience and knowledge will determine how I price the item.”
    Much of a book’s value depends on literary fashion, and tastes change. Supply and demand also affect value. The first printing of Hemingway’s In Our Time , for example, was very small (1,225 copies), in contrast to the fifty-thousand-copy print run of The Old Man and the Sea . Pricing reflects that. Further factors include whether there’s a dust jacket (if not, the value is negligible), and if those jackets are price-clipped, worn, torn, or soiled. Modern first editions in poor shape can be worth as little as ten percent of a “perfect” copy.
    So one copy of History of the Scofield Mine Disaster can be less than a fifth of the price of another—in this case, due to condition. The $80 price was undoubtedly fair, but I noticed that when Mike, who was well aware of what Sanders refers to as “their cash flow challenges,” heard Sanders announce the price of the bedraggled copy, he slumped at his desk behind the counter.

    BORN IN 1951, Ken Sanders was raised in a lapsed Mormon household in deeply devout Salt Lake City. He was encouraged to read and to collect, as

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