(From The Paris Review. Link to the complete article given below)
In Virginia Woolf’s Mrs. Dalloway, Clarissa Dalloway picks up the phone and receives a solo lunch-party invite intended for her husband, from another woman. Clarissa puts down the phone and reels over “the dwindling of life; how year by year her share was sliced; how little the margin that remained was capable any longer of stretching, of absorbing, as in the youthful years, the colours, salts, tones of existence, so that she filled the room she entered.”
Mrs. Dalloway, a book about an aging woman who is no longer valued by society, has increased in value as it has aged. The corrected 1928 typescript, with Woolf’s musings scribbled on its pages, now sells for £27,500. What is a woman worth as she ages? What is a book by a woman worth as it ages? The answers are braided into the realities of the book trade, which is still an old boys’ club. As you’d expect, the expensive books are by men: Joyce, Fitzgerald, Faulkner, and Hemingway. “No twentieth-century women command those prices,” said Heather O’Donnell, owner of Honey & Wax Booksellers. “Woolf tops out in the mid five figures, and Gertrude Stein and Zora Neale Hurston are relatively cheap.”
Although it’s true that old white men have always run the large, moneyed, century-old rare-book trade—buying and selling books for a living—women have made enormous inroads as private and institutional collectors. Things started shifting in the seventies. Second-wave feminism gave women a voice, and female collectors started patching the historical holes by seeing value and relevance in objects that men had ignored. When you put your gaze on a manuscript and call attention to it, you create value in the eyes of others. Curiosity creates a market.