It Was a Profitable Year for Shapero Rare Books, But...
- by Michael Stillman
Scholium Group, parent of London bookseller Shapero Rare Books, recently released their earnings report for their past fiscal year, ending on March 31, 2020. It was a good year. The firm, of which Shapero Rare Books is the largest of three divisions, saw sales climb by 2.3%, from £7.1 million the previous year to £7.3 million (approximately $9.4 million in U.S. dollars). More significantly, the company swung from a loss the prior year to a profit in the last one. Its profit and loss statement moved from a loss of £13,000 to a profit of £25,000 (US $32,000).
Scholium was able to achieve the profit despite a very challenging final month to the fiscal year. The firm announced they had a small loss in the second half of the year, the result of the coronavirus pandemic which hit hard during March. Shapero was forced to close the doors of its retail location while book fairs that provide an important part of their business were cancelled.
Of course, the world has changed drastically since last March. Unless you are manufacturing face masks or searching for a vaccine, the chances are your business has suffered a severe economic downturn. The rare book trade has not been immune. The progress made last year, upon which Scholium hoped to build, has instead faded away. According to a company statement published by Alliance News, Scholium said, “Trading conditions have inevitably been difficult since 31 March 2020, and the group's retail premises remained closed until mid-June. Since re-opening, footfall has been significantly lower than in the previous year. It is the board's present expectation that the group will incur a loss in the first half of the year to 30 September 2020 as a result of the disruption from Covid-19.” Earlier, the company had said it did not expect even an improved second half of the year would be sufficient to balance the loss expected in the first half.
Forum Auctions Fine Books, Manuscripts and Works on Paper 28th May 2026
Forum, May 28: Book of Hours.- Heures de nostre dame a l'usaige de Romme, Paris, Antoine Chappiel pour Germain Hardouin, [1504]. £6,000-8,000
Forum, May 28: Colonna (Francesco). La Hypnerotomachia di Poliphilo, second edition, Venice, Sons of Aldus Manutius, 1545. £15,000-20,000
Forum, May 28:The Christ Child holding a crystal orb and surrounded by banderoles with devotional exhortations, on a leaf most probably from a Book of Hours, [Southern Netherlands, last decades of the fifteenth century]. £2,000-3,000
Forum Auctions Fine Books, Manuscripts and Works on Paper 28th May 2026
Forum, May 28: Jackson (Shirley). The Haunting of Hill House, first English edition, signed presentation inscription from the author to Claude Fredericks, 1960. £2,000-3,000
Forum, May 28: Lennon (John). In His Own Write, first edition, first impression, signed by the author, 1964. £3,000-4,000
Forum, May 28: Doves Press.- Keats (John). [Poems], one of 200 copies on paper, Doves Press, 1914. £5,000-7,000
Forum Auctions Fine Books, Manuscripts and Works on Paper 28th May 2026
Forum, May 28: Rodrigues (João Barbosa). Sertum Palmarum Brasiliensium, 2 vol., first and only edition, Brussels, 1903. £8,000-12,000
Forum, May 28: Newton (Sir Isaac). Philosophiae naturalis principia mathematica…editio ultima, auctior et emendatior, Amsterdam, Sumptibus Societatis, 1714. £8,000-12,000
Forum, May 28: Kepler (Johannes). Ad Vitellionem paralipomena, wuibus astronomiae pars optica traditur, first edition, Frankfurt am Main, 1604. £5,000-7,000
Forum Auctions Fine Books, Manuscripts and Works on Paper 28th May 2026
Forum, May 28: Tagliacozzi (Gaspare). De Curtorum Chirurgia per insitionem, libri duo, first edition, Venice, Gasparo Bindoni, 1597. £7,000-10,000
Forum, May 28: Lootsman (Jacobsz). The Lightning Colomne, or Sea-Mirrour, containing the Sea-Coasts of the Northern, Eastern and Western Navigation..., 1670. £8,000-12,000
Forum, May 28: Ribelles y Helip (José), Attributed to. An album comprising 33 finely executed watercolours of Spanish costume, bull-fighting scenes, and other genre subjects, [circa 1830]. £10,000-15,000
