Winnie the Pooh sale sets record And on a more upbeat note, a BBC report says that a collection of EH Shepard's original drawings for the Winnie-the-Pooh children's books has fetched GBP1.26m at an auction in London.
"He went on tracking, and Piglet... ran after him" was sold for GBP115,250.00 while another drawing, "Bump, bump, bump - going up the stairs", sold for GBP97,250.00 at Sotheby's auction house. Also auctioned were limited edition and signed books by author AA Milne and a first US edition presentation copy of Winnie the Pooh, dated 1926, inscribed by the author to Shepard and including an eight-line verse.
The Man Booker sponsor exposed to rogue trader
The financial services company that sponsors The Man Booker Prize is reported to have about US$360 million in funds linked to Bernard L. Madoff, the rogue Wall Street executive accused of defrauding clients of more than US$50 billion.
Man Group, a publicly traded investment company and hedge fund has been sponsoring the Booker since 2002. But a spokesman for the company has said, "There's absolutely no reason to suggest that there would be any difference to the sponsorship deal we have at the moment."
Suppliers to Borders lose trading cover
As the financial crisis deepens, a leading credit insurer, Euler Hermes, is withdrawing cover for suppliers to Borders UK, Borders Eire, The Book People and Books etc.
Credit insurance in the UK protects suppliers against losses if a company they supply to collapses. Euler Hermes UK says they are taking this line of action due to "challenging" economic conditions in the UK. Following this withdrawal of credit insurance, suppliers could expect better terms from the affected retailers, such as up-front cash payments.
A spokeswoman for Borders in the UK said the move had "absolutely no implications", while The Book People suggested Euler's move was a reflection of the difficulties facing the industry as a whole rather than an indication of problems at the retailer.
Meanwhile, Woolworths, the oldest chain, is expected to close its 600 stores early 2009. Zavvi, the former Virgin Megastore, has gone into administration, as has Whittard of Chelsea and Officers Club, the menswear chain. Another report suggests that as many as 15 retail chains in the UK could go under by the middle of next month due to poor December sales. Analysts expect a profit warning from Marks & Spencer due to a poor Christmas, and advised selling of shares in Carpetright, Debenhams, Topps Tiles, Findel, and Home Retail Group that owns Homebase and Argos.
So what happens to the book industry? Here is something from Shelf Awarness: '... we can only hope that publishers will return to their roots and work with booksellers to enhance backlist opportunities and develop new authors. If that could happen, it would be the best present our industry could wish for during this challenging holiday season.'
Meanwhile in Malaysia, we continue to whistle in the dark. Happy New Year.

From a Guardian report.
A report in
Early last week a customer asked if Farish Noor's
I was in Kerala some years ago, going through bookshops, as usual, and what struck me was the way Malayalam books filled the space. I have been to, practically, all the major the bookshops in Chennai and New Delhi, (don't even talk about Malaysia and Singapore) and found shelves stacked from floor to ceiling with imported books. Oh yes, there are plenty of local books too, but not like in Kerala.
I am, like you, sick of hearing all the negative news about the economy and how nobody reads anymore and so on. Let's face it, reading is a minority activity and it has become sort of cool to be stupid. (How did that happen?) We are a proud minority and, no matter what the idiot brigade might say, if it were not for people like us civilisation could not have risen to this height and man will still be living in caves.
logo below all the posts. This is a little script that will allow you to share any article that interests you with your own community with just two clicks (if you are logged in to your
. At the moment this facility is only for International buyers who are a little squeamish about revealing their credit card details to a Malaysian (ie 'unknown') payment gateway (though we have had many international buyers in the past). All transactions for
Thirdly, we have discovered Arch Collections that produces souvenir item made of wood. They have their own range of cheesy items and designs (we have decided not to stock the KL Twin Towers designs and all that sort) but we have discovered that they also have a range of reasonably priced, pretty neat looking bookmarks and other stationery gift items. With Christmas and the year end just around the corner, we thought that these might make some nice office gifts. Do come and check them out.
Alison Flood writes in
Another interesting Guardian report: "... following the lead of a Canadian website, bookninja.com, we asked you to redesign classic books for a dumbed-down era ..." Here is the shortlist. See if you agree with the winner, a cover design for
In the past, I have written about people buying books to impress friends and look intelligent, and also about someone who uses books as a chick-magnet. They do cost a little less than a BMWs and you don't have to leave it in the parking lot when meeting friends at the coffee house.
A
How would you like to listen to the actual voices of 57 great writers from both sides of the Atlantic? A
The Apple digital book reader, also known as the iPhone has beaten the Kindle in sales in just three months. I remember having this conversation with a good friend some months ago. Why would anyone want to buy a kindle when you can buy a handheld computer that can do a host of other things as well, like watching a DVD, send emails, listen to music and (for some people) make a phone call, I said? I remember the time when they introduced these wordprocessors and how it was all the rage. Then the PC came in and wiped the market clean.
A
That's it. I'm giving up. That's all is needed to deal a deathblow to reading. Just when we thought it couldn't get worse ... grumble ... grumble ... grumble.
This is another 'best of' list this time drawn up by critics for The Telegraph. As expected not everyone's favourite villain is there, so many will be disappointed and disagree. But for whatever it is worth, here are some highlights.
That is how it appears, reading Elizabeth Nash of the Independent reporting from Madrid.
Jason Steger writes in
It looks like people are now lining up to apologise to Salmam Rushdie. Padan muka.
Martin Wainwright of The Guardian has a report of a 93-year-old debut novelist, Lorna Page. The book, A Dangerous Weakness, is described as 'a raunchy novel' and 'a feminist thriller set in the Alps' with a heroine who transforms 'the lives of a 93-year-old author and three of her friends who were living in nursing homes'.
We have just had a rather limp Booker of Bookers public vote. Now, get ready for the Diagram of Diagrams. This is from the Bookseller.com website: 'In celebration of the 30th anniversary of The Diagram Prize for Oddest Title of the Year, The Bookseller has launched The Diagram of Diagrams -- a public vote to discover the oddest book title of the last 30 years.' The online vote can be located at the Bookseller website. The winner will be announced on Friday, 5th
Nicole Martin writes in
No such thing as bad publicity 
This initiative by
So, tell me something I don't know, you must be saying. This report from the
You know what a pain it is to browse through a hundred titles on the internet, especially if you live in Malaysia with stone age broadband? Anyway, it is so much more fun to go through the books in a bookshop (despite the risk of permanent nect injury from looking at titles sideways at some). Firstly, you get to go through more books in less time. Then you get to touch and feel (or is it caress?) the books, admire the paper and print quality, the embossed title, the UV laminate, and smell them (I mean, take in the aroma) before you are allowed to be seduced and agree to take them home with you -- for they are such beautiful objects. In contrast buying books on the internet is so cold, so utilitarian, so functional, so unromantic, so blah. Worse than that would be downloading a book digitally. (Okay, textbooks and academic material do deserve to be downloaded digitally, though porn is will probably be the first to get there -- erotica, right! )
1-8 July 2008 will be the inaugural Independent Booksellers Week (IBW) in Britain with more than 320 bookshops participating. The IBW is officially sponsored and supported by The Times which will be providing editorial coverage. The scheme was devised by the Small Business Forum (SBF).
Borders Group, Inc., in a press statement on the 10th of June 2008 said that it has closed on the transaction to sell its Australia/New Zealand/Singapore businesses to A&R Whitcoulls (ARW), the leading Australasian retailer of books and related products owned by private equity firm Pacific Equity Partners (PEP). Borders website says that the final agreement was made on the 5th of June 2004. (One wonders about the effect of this announcement on Borders Malaysia, which we believe is not part of the Borders group but a franchise.)
Three stories concerning books caught my eye this week. Three different sources but related.
Jill Lawless of the
Lindsay McIntosh writes in
The first Booker prize was awarded in 1969. The winner that year was
The devil roams again
Lessing's Nobel prize 'disaster'
The Bookmooch website offers the following definition: 'dictionary.co.uk 












