Lackluster bidding for Steinbeck's NYC archive
By Associated Press
Jun 23, 2010 12:39 PM CDT
Lackluster bidding for Steinbeck's NYC archive
In this June 11, 2010 photo, an auction item from the John Steinbeck archive, a 1939 galley proof of his famous novel with a misspelling of the title as "The Gropes of Wrath," is displayed at Bloomsbury Auctions in New York where it, among other items, will be auctioned on June 23. Expected to bring...   (Associated Press)

Many of John Steinbeck's letters and manuscripts from his New York City apartment have failed to sell, or have sold for less than expected.

Bloomsbury Auctions said Wednesday that the archive brought a total of $73,950. It had predicted the material would bring $200,000 to $250,000.

Among items that did not sell was Steinbeck's acceptance speech for his 1962 Nobel Prize for Literature. Twenty-six of the 50 lots failed to sell.

His 800-volume library was offered as a standalone lot. It brought $10,000, well below the auctioneer's $15,000 to $20,000 estimate.

The prices don't reflect Bloomsbury's 22 percent buyer's premium.

"The Grapes of Wrath" author is considered one of the greatest writers of the 20th century.

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Online: http://ny.bloomsburyauctions.com

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