Why a Readily Available Used Paperback Is Selling for Thousands of Dollars on Amazon

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iStock

At first glance, getting ahold of a copy of One Snowy Knight, a historical romance novel by Deborah MacGillivray, isn't hard at all. You can get the book, which originally came out in 2009, for a few bucks on Amazon. And yet according to one seller, a used copy of the book is worth more than $2600. Why? As The New York Times reports, this price disparity has more to do with the marketing techniques of Amazon's third-party sellers than it does the market value of the book.

As of June 5, a copy of One Snowy Knight was listed by a third-party seller on Amazon for $2630.52. By the time the Times wrote about it on July 15, the price had jumped to $2800. That listing has since disappeared, but a seller called Supersonic Truck still has a used copy available for $1558.33 (plus shipping!). And it's not even a rare book—it was reprinted in July.

The Times found similar listings for secondhand books that cost hundreds if not thousands of dollars more than their market price. Those retailers might not even have the book on hand—but if someone is crazy enough to pay $1500 for a mass-market paperback that sells for only a few dollars elsewhere, that retailer can make a killing by simply snapping it up from somewhere else and passing it on to the chump who placed an order with them.

Not all the prices for used books on Amazon are so exorbitant, but many still defy conventional economic wisdom, offering used copies of books that are cheaper to buy new. You can get a new copy of the latest edition of One Snowy Knight for $16.99 from Amazon with Prime shipping, but there are third-party sellers asking $24 to $28 for used copies. If you're not careful, how much you pay can just depend on which listing you click first, thinking that there's not much difference in the price of used books. In the case of One Snowy Knight, there are different listings for different editions of the book, so you might not realize that there's a cheaper version available elsewhere on the site.

An Amazon product listing offers a mass-market paperback book for $1558.33.
Screenshot, Amazon

Even looking at reviews might not help you find the best listing for your money. People tend to buy products with the most reviews, rather than the best reviews, according to recent research, but the site is notorious for retailers gaming the system with fraudulent reviews to attract more buyers and make their way up the Amazon rankings. (There are now several services that will help you suss out whether the reviews on a product you're looking at are legitimate.)

For more on how Amazon's marketplace works—and why its listings can sometimes be misleading—we recommend listening to this episode of the podcast Reply All, which has a fascinating dive into the site's third-party seller system.

[h/t The New York Times]

Newly Discovered Documents Reveal Details of William Shakespeare's Early Years, Based on His Father's Financial Fall

Hulton Archive, Getty Images
Hulton Archive, Getty Images

Newly discovered documents found in the UK's National Archives reveal that William Shakespeare's father was in deep legal and financial trouble for most of the Bard's childhood, according to The Guardian. The 21 documents, previously unknown to scholars, were discovered in the archives by University of Roehampton Shakespeare historian Glyn Parry during the course of his research for a book about the playwright's early life.

Records had previously shown that William Shakespeare's father, John, an entrepreneur, landlord, and occasional politician, was in trouble with the law during the playwright's youth. He was accused of illegal money lending and wool trading without a license (wool was highly taxed at the time, making it a valuable smuggled good) between 1569 and 1572, when the young William was between around 5 and 8 years old. Scholars assumed that John settled the cases out of court, but these new documents show that his legal woes lasted much longer—up until at least 1583—which no doubt contributed to William's worldview and the topics he wrote about in his plays.

Parry discovered the documents by poring over the National Archives' trove of historical material related to Britain's Exchequer, or royal treasury. He found record of John Shakespeare's debts and writs against him, including ones authorizing sheriffs to arrest him and seize his property for the Queen as punishment for his crimes. He owed a sizable sum to the Crown, according to these documents, including a debt of £132, or in 2018 dollars, about $26,300 (£20,000).


Writ of capias to Sheriff of Warwickshire to seize John ‘Shackispere’ of Stratford upon Avon
Crown Copyright, courtesy of The National Archives, UK

John Shakespeare's crimes against the Crown were reported by professional informants, known as "common informers," who, within the Exchequer system, were entitled to half of the goods seized from the person they helped convict. The system, unsurprisingly, was riddled with corruption, and informers would often attempt to extort bribes from their victims in exchange for not taking them to court.

John's legal jeopardy damaged his financial standing within the community where he had served as a constable, an alderman, and a high bailiff (a position similar to town mayor). The government could seize his property at any time, including wool he bought on credit or money he had loaned to other people, making him a risky person for people to do business with.

"So John Shakespeare fell victim to a perfectly legal kind of persecution, which ruined his business through the 1570s, and William grew to adulthood in a household where his father had fallen in social and economic rank," Parry explained to The Guardian. This no doubt influenced his view of power, social standing, and money, all subjects he would explore in detail in his plays.

[h/t The Guardian]

George R.R. Martin Says Game of Thrones Could've Gone on Much Longer

Rich Polk, Getty Images for IMDb
Rich Polk, Getty Images for IMDb

by Natalie Zamora

Despite the excitement every Game of Thrones fan had last night when the HBO series won the biggest Emmy award of the night for Outstanding Drama Series, there are still two major things we just can't ignore. The first is that the final season is still ​months away, and the second is the fact that it's all about to end.

George R.R. Martin, the genius behind the A Song of Ice and Fire novels, is clearly feeling our pain. While on the Emmys' Red Carpet last night, the famed author revealed he doesn't actually know why the TV series is ending.

"I dunno. Ask David [Benioff] and Dan [Weiss] when they come through," Martin replied when Variety asked him why the show was ending. "We could have gone to 11, 12, 13 seasons, but I guess they wanted a life."

"If you've read my novels, you know there was enough material for more seasons," the author elaborated. "They made certain cuts, but that's fine." It's not really fine for the diehard fans who aren't going to know what to do with themselves when it's over!

Thankfully, Martin did give us hope as to ​what's to come after Thrones. "We have five other shows, five prequels, in development, that are based on other periods in the history of Westeros, some of them just 100 years before Game of Thrones, some of them 5000 years before Game of Thrones," he shared.

Westeros Forever. No? Fine.

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