Brutal trade of rare books

An Interesting Article from Australia, on the rare book market, an antiquities market that, for some, has become more attractive than Wall Street.

Book brokers say they are always on guard against thieves and have to rustle through rare-book bins in competition with private buyers as some investors increasingly see rare books as a haven from sliding stock and bond markets.

“For collectors, books are nothing like paintings, Most buyers of fine art like to say how much they paid and display the painting. Reading is a private affair. Being secretive about the price and what’s in your collection is part of the book game.”