From Bookseller to Billionaire: The Life and Fate of the Quaritch Bookshop

Dear bibliophiles, good day.

By Olympe Marcelet, inspector of platforms, emphatic keywords and prices one prefers not to display.

In front of Bernard Quaritch’s shop, at 15 Piccadilly, in 1861, a crate set out on the sidewalk offered pamphlets at 1 penny. One of them was Edward FitzGerald’s English translation of the quatrains of Omar Khayyam, which Quaritch had published 2 years earlier in 250 copies, put on sale at 1 shilling and sent down to the crate for want of buyers. That poem is today in every English anthology, and the 250 copies of 1859 rank among the most sought-after books of the century. The greatest bookseller of his day thus sold off for 1 penny a book that he would himself republish in 1868, and then twice more.

Bernard Quaritch was a German from Thuringia, born in 1819, who landed in London in 1842 with no baggage but a letter of recommendation to Henry Bohn, the city’s foremost bookseller. He is said to have told Bohn, on leaving him, that he meant to become the first bookseller in Europe. He opened in 1847 in a street behind Leicester Square, then in Piccadilly in 1860, and in 1884 he kept his word in his own way, at Sotheby’s, at the Syston Park sale.

The Mainz Psalter of 1459 rose to 4,950 pounds, the highest price ever paid for a printed book, and the Gutenberg Bible from the same library to 3,900 pounds. Both went to him, to Piccadilly, in a shop that was not yet 40 years old. At the exchange rate of the day, 4,950 pounds came to 125,000 gold francs.

In 1878, Quaritch had also founded a club of amateurs, the Sette of Odd Volumes, limited to 21 members in memory of the 21 volumes of an edition of Shakespeare. Each guest bore a ridiculous title there, and Quaritch had himself called the Librarian. The menus were printed, and I would give a lot to own one.

At his death, in December 1899, The Times held him to be “the greatest bookseller who ever lived.” His general catalogue, 17 volumes published from 1887 to 1897, can still be consulted, and in 1906 the firm counted among the founders of the association of British antiquarian booksellers. His son kept the shop until 1913, the firm became a company in 1917, and the family remained among the shareholders until 1971. In France, the Auguste Blaizot bookshop, opened in Paris in 1840 and installed in the rue du Faubourg-Saint-Honoré, still bears its family’s name. Quaritch, for its part, has changed hands twice.

A lord took over, and it was still a matter among booksellers. Milo Cripps, Baron Parmoor, ran Quaritch for some thirty years, first as manager, at the end as owner. A bookshop that owns its walls depends on no one, and he had understood that. In 1987 the botanical library of Robert de Belder was dispersed at Sotheby’s, Quaritch bought heavily there, and with the proceeds of the resale Lord Parmoor bought the walls of the building in Lower John Street, on Golden Square. In the early 1990s, when he wanted to lure a young bookseller, Bogislav Winner, away from Maggs, he went himself to John Maggs to ask, in a manner of speaking, for the hand of his employee.

John Koh, for his part, is a financier. A Singaporean born in 1955, he was a lawyer for 19 years and then managing director at Goldman Sachs, and his fortune is estimated at about a hundred million dollars. In 2004 Lord Parmoor sold him the bookshop, without the building. The arrangement fits in 3 lines of the English register: an empty company created on 29 July with John Koh as director, renamed Bernard Quaritch Limited on 28 September, and the booksellers appointed to its board on 1 October. Qatar, for its part, goes to the Parc des Princes (the Paris Saint-Germain stadium). In 22 years I have found neither a library catalogue in his name nor a sale of his books.

Lord Parmoor died in 2008. In 2009 Quaritch left Golden Square, whose walls no longer belonged to it, for South Audley Street, in Mayfair, where Winner counted 135 steps to his office. It was a climb. Winner would say later, with the restraint of a bookseller speaking of his former employer, that the bookshop had changed a great deal under John Koh’s style of management. Between June 2012 and March 2013, 7 directors left the board, Winner among them. On 1 March 2013 only one remained, the owner, who lives in Singapore.

I opened the 8 latest accounts filed at the English companies register, from 2017 to 2025. All bear the same signature, J T L Koh. On 31 August 2017 Quaritch still had 2.66 million pounds sterling of books in stock, but it was living on credit at Barclays, 822,109 £ remaining due, and it paid 150,000 £ rent a year to a property company of its owner. On 17 July 2018 John Koh repaid the bank, 852,000 £, with his own funds and those of entities linked to him. By 31 August the bank debt had vanished and the bookshop owed 597,240 £ to its owner.

The following financial year lasted 15 months, from September 2018 to November 2019, and it is the year of the bloodletting. For an antiquarian bookshop, stock is everything; walls can be rented and booksellers replaced. On 10 June 2019 Quaritch left Mayfair for a townhouse at 36 Bedford Row, in the lawyers’ quarter of Holborn, far from the galleries and hotels; a long lease worth 3,813,015 £ entered its assets and left them in the same year without the notes saying which, the stock melted from 2.39 million to 347,000 £, and the bookshop lost about 2.2 million, which turned its equity negative.

During Covid, John Koh lent again, up to 450,000 £ in 2021, secured by a mortgage on his company’s building. 14 employees remained. Since 2020, Quaritch has made money every year, about 1 million pounds over 6 financial years, and the owner was repaid in 2024. I do not like financiers who buy themselves bookshops. This one paid out of his own pocket when payment was due, and I owe him at least this line. He could have bought a football club; he may have saved a bookshop. The stock was worth 934,985 £ on 30 November 2025, a third of 2017, for 15 employees. Shapero, in Mayfair, carried nearly 11 million at 31 March 2024. Quaritch’s furniture and computers, written down to zero since 2018, were not renewed until 2025, for 12,822 £.

In 2022, for its 175th anniversary, Quaritch invited its booksellers of yesterday to Bedford Row, around a cake in the founder’s likeness. It still exhibits from Boston to Hong Kong, and I keep its printed catalogues, in which I have never seen a book at 1 penny, and which remain the best written in London.

The accounts for 2025 were signed on 24 August 2026 by the sole director. In April 2005 the Financial Times related that John Koh read old travel narratives on the plane from Singapore, and that he was interested in everything that rests on paper and history.

I do not know whether he still reads on the plane.

GUILDE · OM/QUARITCH

No director could be reached. Document classified: restricted circulation.

La lettre du bibliophile

Si cette chronique vous a plu : recevez trois nouvelles par semaine — livres rares, reliures, enchères, et les Dossiers IGLI. 18 ans d'archives, quelques milliers de lecteurs.

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À lire ensuite

The Murder of the Parisian Binder, an Investigation by Hélène Vasseur.

Couverture en couleurs du Petit Parisien de 1910 montrant un atelier de reliure

Dear bibliophiles, good day.

By Alcide Raturon, perpetually provisional secretary of the Guild, in charge of awkward comparisons, defensive enthusiasms and statistics consulted with a frown.

Hélène Vasseur is a forensic physician (and a police commissioner). She files her cases with the Guild on a regular basis, which gives our two services a family likeness that neither she nor I asked for.

And she took a day off without telling her institute what for: she accepted my invitation with the air of someone accepting a drink so as not to argue. She does not believe in time travel; she believes even less in desk hypotheses, which she calls desk hypotheses.

I needed her for that double incredulity. When you have frequented binders’ workshops as long as I have, you see moroccos, raised bands, finishing tools, and you no longer see the room. I needed someone whose trade is to walk into a room where a man has died and to understand, before anything else, what happened in it.

The cover of the Petit Parisien had been lying on my desk for weeks. A workshop under a timber roof, scraps of leather and paper scattered over the floor, a machine with a flywheel, and across the machine a man in a brown jacket, his head resting on the bed of the cutter, the blood running in orange-red sheets over the wood; at the door, a gentleman in a boater holds out an arm and restrains a young man by the shoulder.

Beneath it, in capitals: UN RELIEUR SE GUILLOTINE AVEC UN « MASSICOT » [A BINDER GUILLOTINES HIMSELF WITH A “MASSICOT”, the guillotine paper cutter]. Inside the issue, the news item gives the names. The proprietor, M. Stanislas Ruffin, a bachelor, was found by his two workmen, Philippe Cordebaigt and Antoine Lassouche, at 37 rue de l’Amiral-Roussin; the paper says he was frantic over the poor state of his affairs, and the police commissioner of the Necker district, M. Cœuille, carried out the customary findings.

The dailies of Saturday 4 June, which the Guild keeps in a bundle, already disagreed among themselves: Le Journal reported a proprietor of 53 panicked by his affairs, Le Matin and Le Figaro a workman of 52 suffering from neurasthenia, who worked there “as a rule” among “the other workmen”. Two deaths to choose from in the same workshop. I followed Le Journal, because the Supplément followed it. We were five months after the January flood, which had put so many cellars under water and swollen so many stocks of paper and leather; the hypothesis of a craftsman strangled by a payment deadline stood up. I have no figures on the ruined binders of 1910 and do not claim to have any: my hypothesis was worth what the hypotheses of a statistician without statistics are worth.

We arrived on Friday 3 June 1910 at 7:05, by the usual route, which the Guild’s rules forbid me to describe and which I would be hard put to explain.

The Supplément did not give the day, it said “a few days ago”; the dailies of Saturday the 4th said “yesterday morning”. So Friday it is, a day like any other for dying. Hélène looked at her watch, then at the street, then at the horses, and said “right” in the tone she uses when she is told of a body. She opened a black-covered notebook that she did not put down all morning, and wrote the time. We were received in the courtyard as, on such a day, two well-dressed people are received: as relatives or as creditors, and we were both, depending on who was asking.

The rue de l’Amiral-Roussin smelled of coal and flour paste. The workshop occupied the back of a courtyard, and the body had not been moved. I shall not describe it, the cover shows it well enough, with a care that the draughtsman, who was not there, owes to a reporter’s account.

The two workmen stood near the door, hats in hand, repeating one after the other the same sentence about how they had stepped back. A third man stood with them, very upright, a boater on his head: M. Anatole Pradel, bookseller of the quai Voltaire, who had come at opening time to collect a volume entrusted to M. Ruffin for binding.

Commissaire Cœuille arrived shortly afterwards with an inspector and a notebook of his own. He looked like a man who had been promised a short case. He listened to M. Pradel, he listened to the workmen, he read the paper found on the workbench, three lines in ink, “Je n’en peux plus. Pardonnez-moi. S. Ruffin” [I can’t go on. Forgive me. S. Ruffin], and he pronounced the word the press was going to take up. Suicide. I nodded. Statisticians without statistics nod when what they hear confirms what they read the day before. I hold nothing against the commissaire: he had before his eyes a proprietor in difficulty, a farewell note and a machine, and he did what one does in front of that.

Hélène, for her part, had gone round the room without touching anything, hands in her pockets, which is the first gesture of her trade and the last of the binders’. She introduced herself to the commissaire as a doctor of medicine. He took this for a family eccentricity, and let her approach the body because the district doctor had not yet arrived and the commissaire was hungry. She laid the back of her hand on the jaw, lifted an arm, put it down, looked at the other. She wrote a line. “Dead since last night,” she told me in a low voice, “between seven and ten. Not this morning.” I pointed out that the workmen had found him this morning. “They found him this morning,” she answered. “But he died last night.”

She raised her eyes to the ceiling. A transmission ran under the roof timbers, a long iron shaft, and from this shaft a belt came down to the cutter, which the newspaper says is driven by motive power. Hélène asked me where the belt was. I looked: it had been moved onto the loose pulley, the one that turns idle and leaves the machine at rest. “He kills himself,” said Hélène, “the blade falls, and afterwards he disengages.” I defended my hypothesis for ten minutes: he had disengaged beforehand. “Disengaged beforehand, the blade would not fall. Disengaged afterwards, he was no longer there to do it.” She closed her notebook on that sentence.

The commissaire handed me the paper as one hands a receipt to a man who looks as if he knows about such things, which is the only advantage of my face. I saw in it what he had no reason to see. The paper was no ordinary sheet. It was a flyleaf, laid paper, yellowed, with the tip of a watermark at the edge, torn out of a book. The book was on the workbench: a small duodecimo in its vellum wrapper, from which the first blank leaf was missing. Le Pastissier françois, Amsterdam, Elzevier, 1655; a cookery book, and one of the Elzevirs that collectors have always chased. The sale records have made it one of the dearest of them all: a copy found for 6 sous by Fontaine de Resbecq in 1856, another knocked down at 2,910 francs in the Potier sale of 1870, a third pushed to 3,255 francs at the Benzon sale in 1875; Willems counted only about thirty. In 1910 a fine copy came to something like two years of Cordebaigt’s pay. It was M. Pradel who had brought it in for binding.

I felt offended before I felt enlightened. A binder who wants to die has every reason in the world; he also has, on his shelves, reams of ordinary paper, and he does not tear the blank leaf out of an Elzevir that a client has entrusted to him. The very idea is foreign to his trade, which consists in not doing that. Hélène, to whom I showed the tear, put it otherwise: “Whoever wrote that is not from the trade.”

She took Philippe Cordebaigt aside, on the threshold, and I let her, because a workman does not have the same things to say before his commissaire as to someone who listens while taking notes. She put her questions in the order of the morning, minute by minute, the way one unwinds a thread. The workmen had the key to the back door; they had arrived a little before seven, at the same time as M. Pradel, who was waiting in the courtyard; M. Pradel had taken hold of the handle before them, said “Don’t come in, gentlemen,” and held them back with his arm, as in the drawing. “Did he say that before or after he had seen?” Hélène asked. Cordebaigt thought for a long time, with the conscientiousness of people who are asked for an exact order of events. “Before,” he said. “The door wasn’t open an inch.”

The order book was under the elbow of the machine. Nobody had opened it: commissaires read farewell letters, and it is binders who read order books. Hélène opened it with a handkerchief, at the last written page. The last line, in the proprietor’s hand, the same as that of his labels, as Cordebaigt, who read it every day, confirmed before I did, said: “Pastissier de M. P. Un exemplaire fait de deux : cahiers du milieu d’un autre, marges refaites à la pâte sur dix feuillets. Refusé de signer la reliure. Écrire à l’acheteur.” [Pastissier for M. P. A copy made from two: middle gatherings from another, margins remade in pulp on ten leaves. Refused to sign the binding. Write to the buyer.]

For those who do not frequent Elzevirs: the book is judged by the height of its leaves, and margins remade in pulp make it taller without the eye suspecting. A gilt signature at the foot of the spine vouches for the rest (or not, it is true, but we are in mourning, so let us be nice to the binders).

Between the copy made from two and the copy tall in the margins and signed, the gap was counted in years of wages; between the signed copy and the letter Ruffin meant to write to the buyer lay, for a bookseller of the quai Voltaire, the criminal court. M. Pradel needed Ruffin’s name as one needs a character witness, and he had brought to a man whose name carried weight two books to make one. The man had refused, which was the only thing M. Pradel had not foreseen, and had announced that he would write to the buyer, which put him, at the hour that Hélène’s notebook gave for his death, under a blade that awaited only a click and a witness who disengages the belt.

“It is a murder,” said Hélène. She said it in the courtyard, without raising her voice, her back to the workshop, as she no doubt tells her interns that the coffee is cold. I had been wrong. I told her so; she replied that she had heard worse from people who were right.

“One rarely kills for a book,” she added. “One kills for money. And when there is a book, the money is never far.”

I then invoked the Guild’s rules, which are clear: the time traveler observes, does not interpose himself, and does not explain to the police of 1910 that they are mistaken. She looked at me the way she would look at a void. “Then you will report,” she said. That is what I am doing. She wrote, for her part, a ten-line report that no one will read and that she refused to show me, which I understand.

M. Pradel, on the threshold, was adjusting his boater. Commissaire Cœuille carried out the customary findings, as the newspaper says, and the Petit Parisien printed the article on the Sunday, for five centimes. As for the Pastissier françois, it left the workshop bound by a successor, with Ruffin’s name gilt at the foot of the spine. A catalogue of 1924 gives it as tall in the margins and signed. It is signed: Ruffin had refused to do it.

GUILDE · AR/MASSICOT

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