Faulkner’s Golden Faun

According to Fred Smith, appraiser for Mississippi State University’s archives and former proprietor of Choctaw Books in Jackson, “When it comes to the ‘Holy Grail’ of Mississippi book collecting, Faulkner’s The Marble Faun is it.”

“For one thing, he’s the most important literary figure this state has ever produced, and this book of poems is his first work,” Smith explained. “Faulkner thought he wanted to be a poet, and Phil Stone had it printed or helped him to get it printed. Stone bought many of the unsold copies and stored them in the attic at his home in Oxford, but they were destroyed when the house burned. I’ve only had one copy in my 31 years in business, and it wasn’t in good shape; the spine was really fragile, and the binding had come off. Whatever the print run was, and I’m sure it wasn’t big, a lot of the original copies didn’t survive.”

“Signed copies are worth tens of thousands of dollars,” Smith said. “The absolute best copy came up for sale at Christie’s, a copy he had inscribed to his mother and father. Ole Miss has a couple of copies, and someone donated one to Mississippi College a few years ago. But that book is one thing that I’ve kept searching for all these years. I did buy one from a lady in Oxford some twenty years ago, but because of its poor condition it wasn’t worth a lot then. I think I sold it for $750, but if I had one to resell now, it would bring ten times that much, probably up to ten thousand, because there just aren’t any around.”

The Christie’s first edition of Faulkner’s The Marble Faun (Four Seas Press: Boston, 1924) sold for $95,600 in October, 2002. In the lot description, Christie’s adds:

“Four Seas agreed to issue Faulkner’s collection of poems in 1923, provided he pay for the manufacturing costs (their standard arrangement). They offered him a royalty arrangement, but Faulkner declined to proceed, at the time not having enough money to carry the costs. Within six months, though, he’d received the encouragement and financial support of Phil Stone and the twenty-seven year old Faulkner contracted for the printing of 500 copies of The Marble Faun. The book sold poorly and quickly was remaindered. No records survive detailing the number of copies Four Seas actually sold prior to disposing the stock on the remainder market, but an early estimate suggested 100 copies. William Boozer, in William Faulkner’s First Book: The Marble Faun (Memphis, 1975), specifically located 56 copies. Boozer considered the existence of other floating copies for a total of near 70, and has since found more, but his total is still short of the 100 copies initially assumed.”

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