From Deseret News archives:
1835 hymnal sold at auction for $273,600
The small hymnal, in mint condition, is a previously unrecorded copy and had been estimated to be worth $200,000 to $300,000.
Christie's Auction House in New York City handled the sale and believes this was one of the rarest of early Mormon works; the book sold Tuesday was a complete copy in its original binding. The buyer's identity wasn't made public.
The auction house's research revealed that only two other copies of this rare book are confirmed to exist. Both other copies are imperfect and one is very defective. The last confirmed sale of such a hymnal was in 1945, although one may have also been sold in 1968.
"It's certainly one of the rarest of Mormon books," said Ken Sanders, owner of Ken Sanders rare books in Salt Lake City.
He believes any LDS hymn books from the 1830-1840 period are so rare and scarce that they always attract extraordinary prices.
Sanders had created his own value list for LDS books last spring, after a robbery at the Daughters of Utah Pioneers museum, and had estimated the worth of the Emma Smith hymnal at $250,000.
"These prices are fluid and they change," he said.
He also noted the buyer pays an additional 15 percent commission to Christie's. The seller of the hymnal was also kept secret. The book was listed simply as the "property of a gentleman."
Sanders said the 1833 Book of Commandments is believed to be the rarest of LDS books. One was sold for $500,000 some time ago in Utah and another sold through an auction house for $350,000.
He rates the 1835 hymnal as the second-most valuable LDS book, followed by the 1835 Doctrine and Covenants and an 1855 Hawaiian Book of Mormon.
The 1830 Palmyra Book of Mormon is the most sought-after LDS book, though not the most expensive. One sold three weeks ago for $90,000.
Sanders believes there may be some 30 of the hymnals, though he's never handled one in his 30 years' experience in rare books. Sanders said it is all but impossible for the hymnal to be a forgery. That's because letter presses make creating a fake book too difficult.
"A few leaves maybe, but not a whole book," he said.
Sanders said LDS books from the 1830-50 period always seem to fetch unusually high prices, above any other Christian books from the same era.
A description of the hymnal on the Christie's Web site states, "In response to a revelation to Joseph Smith in July 1830, Emma Hale Smith (1804-1879) was enjoined to compile a collection of hymns for the use of the new church."
