Bad Economy Great for Used Books

“‘It’s insane,’ says Lisa Morton, Stoker Award–winning author and store manager [at Iliad Bookshop in North Hollywood]. ‘I feel like I’ve been working on the New York Stock Exchange…. People who have been collecting for years are suddenly selling their collections. They’re telling us they’ve had to downsize; they’ve had to move.'”

Publishers Weekly on the booming market for used books. Buyers are bargain-hunting and sellers are looking to make some quick money (see New York‘s price guide); the Strand may soon start offering store credit in place of cash, which would surely make the whole cycle more efficient.

Bad Economy Great for Used Books