Castle Hill Press
Scholarly editions of T. E. Lawrence's works and letters

Existing customers: do we have your current address, e-mail address  and card details?

If not, please visit the update page in our online shop where you can provide details online
via a secure server.

 


News

Catalogue

Photos

Help - FAQs

Online shop

Price list

Customer feedback

Publishing policy

T. E. Lawrence Letters series

Trade enquiries

 

telhome.gif (1917 bytes)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 


General

Some past postings from Programme Updates  

Page contents
Printed prospectuses and correspondence
Why don't we sell our fine bindings and the Subscribers' Library edition of Seven Pillars through bookshops?
Print-runs, prices and production values
Card or cheque?
What is the right price for a book?
Note from Nicole


Printed prospectuses and correspondence
We do not issue printed prospectuses for our books, because we try to keep non-publishing costs to a minimum. In general, the only prospectus we issue is on this website.

For the same reason, we communicate with customers whenever possible by e-mail. 

Why don't we sell our fine bindings and the Subscribers' Library Edition of Seven Pillars through bookshops?
Any bookseller who feels irritated about this should complain to the major British high-street bookselling chains and supermarkets. In recent years these have used their huge buying power to extort ever-larger terms and profit margins from publishers. 

For a publisher who has to sell through these outlets, there are only two possible consequences. The recommended retail price (RRP) of books has to increase, and production costs must be cut. The latter includes, notably, putting books in cheaper bindings. 

If we offered fine bindings or the Subscribers Library Edition of Seven Pillars to the general retail trade, we would be expected to meet the terms demanded by the big chains. The result would be an absurdly high RRP. We prefer to keep prices lower and sell the books to customers direct. 

If other publishers follow suit, the physical difference between copies that publishers sell direct and copies sold through chain booksellers might soon mirror the traditional difference between trade editions and cheaper book-club editions. Indeed, some publishers might choose not to sell hardbacks through high-street chains at all. 

Maybe that's what will happen. Customers wishing to buy cheap books online or in high-street convenience-stores will do so, while those wishing to buy hardbacks in good-quality bindings will get them at a reasonable price from publishers' websites. Some online retailers may even join in, buying well-bound trade hardbacks from publishers on terms that don't send the price into the sky.

17 January 2004

Print-runs, prices and production-values
Back in March 2004, I remarked that our subscription price is sometimes a bargain. For example, when we set the subscription price of our 1997 edition of the 'Oxford' Seven Pillars, we had no idea that we would be able to include the colour portraits. With the portraits added, the cost of producing the illustrations volume multiplied by four. Had we known sooner, the subscription price would have been higher! However, we honoured the original price for those who had subscribed. 

This week comes news that subscribers to our parallel text of Le Gigantesque / The Forest Giant will get something better than expected. We have reduced the size of the edition to 352 copies - a little over half the number originally announced. That will certainly affect its re-sale value in years to come, and the post-publication price is now higher. However, if you subscribed at £58, that is what you will pay. 

There is an important message here: our print-run reflects the number of orders we receive in advance. When we seek subscriptions, we set the limitation at what seems to us a reasonable number of copies. If advance orders say something different, we adjust the run. When subscriptions are low, as with The Forest Giant, why sacrifice trees producing books people don't want? When there is an unexpected demand, as there was for special bindings (not originally planned) of our 2003 Seven Pillars, we try to respond by providing what subscribers wish. Subscriptions to The Forest Giant are probably low because few of our customers read French. Also, few people seem to have read the book, even in Lawrence's translation. That may be their loss. When the Sunday Times asked Alan Sillitoe (author of Saturday Night and Sunday Morning) to name a book that had changed his life, he replied: "The Forest Giant by Adrien le Corbeau, translated by T E Lawrence. I re-read it recently and see why."

Please never call us, after the subscription period has ended, to say that you meant to subscribe, and would buy a copy if we could let you have it at the subscription price. Ditto after publication, having missed a copy with the additional subscribers' leaf. The reason we offer extras to people who order in advance (and pay when payment is due) is that we need a realistic idea of demand. I've been called countless times by people saying they had "intended" to subscribe to our 1997 Seven Pillars: "Surely, you must have a set somewhere that you could let me have!"

What of the future?
Thus far, we have never made our initial printing deliberately small in order to give it artificial rarity-value. If one of our editions sold out on publication, we would blame ourselves for misjudging the market. If we think we will sell 700 copies, over a period of ten years, that's how many we print. This in turn enables us to set the price of the book much lower than we would if we only expected to sell 350 copies. (Why change the price? Because for short-run editions most of the costs involved in editing and production are fixed. If you publish fewer copies, you have to charge more.) 

At present, we are debating the print-run and price of the Lawrence-Forster letters. I would like the edition to be 702 copies, as for the Shaw set. On the other hand, the present market is sluggish and it might be more sensible to produce 502, or 352, or.... For each publication, we need to assess demand at different prices and find a viable solution that makes the standard edition as cheap as possible. Of course, if the books could be even cheaper, a few more people who would buy them. But 'a few more people' do not equate to the thousands of sales needed to drive unit costs really low. Someone told me they would like to buy a copy of our 1,100-page Seven Pillars parallel text, but only if it could be produced as a paperback costing around £15. They didn't understand that it couldn't be done. How many people would want to buy such an esoteric publication, even at £15? An optimistic guess might be 700, worldwide. To price it in paperback at £15, you would need to sell several thousand. 

From the outset, friends in the fine-press business have advised us to publish fewer copies at a higher price. We could do that; we know the market is there. We could raise the same revenue with much less effort - and who enjoys packing books? Fleece Press and the Whittington Press have both produced Lawrence-related editions of shorter texts at significantly higher prices. Our books are not printed letter-press, but their content is longer and generally more important - and we, too, publish to high standards. To judge by current prices for our 1997 Seven Pillars (as yet, the only one of our books that is out of print) the market recognises the quality of our work. 

In truth, decisions about edition size and price lie with our customers. I myself hope that the decision imposed for The Forest Giant will not soon apply to titles in the Letters series. If that happens, all our books will be collectors' rarities and the initial price of the cloth copies will be well above what most people can afford.  

Some people ask: "What about production-values? Wouldn't your books be cheaper if you produced them to lower standards?" That might be true if the only costs involved were for printing, binding and materials. However, the editorial research for volumes in the Letters series usually costs far more than physical production. If we added those editorial costs to the price of, say, a paperback printed on cheap paper, the result would seem scandalously expensive. 

That's not all. Because we design and produce our editions as fine-press books, we have a market for some goatskin 'specials'. These subsidise the cloth copies. Without them, the price of the cloth copies would have to be far higher. But we couldn't put beautiful goatskin bindings on shoddy book-blocks. 

Publishing, like politics, is the art of the possible - and some of the most important parameters are set by the market. To find out what these are, you need to understand the market segments that our books appeal to. 

  • The largest is made up of people seriously interested in T.E. Lawrence who could not afford the time or the cost (or both) involved in travelling to libraries to read original Lawrence letters. In any case, to have a printed edition on their bookshelf is far more convenient

  • An overlapping segment consists of people who find the added-value of the editorial research and indexing in our editions worthwhile. We do that time-consuming work once, for everyone. Each copy of the book bears only a small fraction of the cost

  • A third segment consists of people who appreciate fine-press books and enjoy collecting them. Their interest in Lawrence may have been triggered by the many fine-press editions of his writing

  • Another segment, which probably overlaps with all of the above, consists of collectors who calculate that our editions are a reasonable investment. They project the likely values, once the books go out of print, by looking at today's prices for earlier editions of comparable quality, scarcity and importance. On that basis, it was easy to predict the outcome for the 1997 Seven Pillars. You can do a similar calculation for volumes in the Letters series

If you are only interested in the content, the fine-press format doubtless seems unnecessary. If you are only interested in fine-press production, the quality of the text may seem far less important (though it surely adds to future appreciation of the book). We aim to meet the requirements of all the market segments because, when you add them together, they make our editions viable.

14 May 2004

Card or cheque?

The speed and convenience of processing card payments hugely outweighs the cost. While we accept payments by cheque, provided they are in sterling and drawn in a UK bank, we charge a £2 handling fee if we have to send an invoice by mail. 

What is the right price for a book?

The plethora of discounts, two-for-one offers, etc has surely left the public in total confusion about what a book should cost. A reasonable observation, however, is that if you scout around you can probably get it cheaper. And if you can't get it cheaper now, it may well be remaindered in a month or so.

Little of this seems to me to make much sense. Producing, buying and marketing books on the same basis as baked beans may feel natural to businessmen trained in supermarkets, but it is doing little good to publishing. Thanks to cost-cutting pressures, the editorial and production quality of mainstream books is now often lamentable. At the same time, with too many books chasing a limited market, retailers with big buying power can drive down what they pay. Apart from a few best-sellers, few authors could now live decently off what they earn from their books. In non-fiction, the pressure to produce work that is "commercial" can have a dire effect on accuracy and balance.

As long as authors are willing to work for a pittance, there will still be books to sell. Since countless people would love to see their writing in print, there will always be authors willing to work for a pittance. The question is, what calibre of work does one get from that kind of source? There are, of course, lots of career academics who must publish or perish. But they are victims of their own system. Most would produce far better work if career targets allowed them to spend longer over their books. As for the rest, one has to assume that people who choose to write books can afford to work for little or nothing. 

So be it. Readers are free to choose what they buy. But when a specific job needs doing, and needs doing well, different considerations come into play.

We believe that the T.E. Lawrence Letters series needs doing, and needs doing well. Editorial research is expensive, and we can't afford to work for nothing. So the finished books have to recover a substantial sum. That, rather than the production quality, is what drives up the price. On a short-run edition, the difference in unit cost between high-quality production and poor-quality production is much less than you would think. Except for finely-bound copies, the extra money we put into printing and paper (compared to the possible bare minimum) is a minor factor in the overall cost of a Castle Hill Press book.

We don't sell to supermarkets - or indeed to most of the book trade. So we ignore letters from bookselling chains who demand that we supply them at huge discounts, on 90-day credit and with unlimited sale-or-return. The only copies of Castle Hill Press books listed amazon.co.uk are second-hand (and sometimes at fantastic prices). We don't supply Waterstones or Borders or W.H. Smith, nor trade distributors.

Instead, we sell books directly from our online shop and (as Wessex59) through ebay.co.uk. The price we ask on eBay reflects the additional cost, to us, of selling there. That's how it should be. If I choose to shop at plush city-centre store, I expect to pay more for most kinds of goods than I would at a trading-estate outlet. I often find it convenient to order from abebooks, even though I know I could probably get the book at least 10% cheaper by going to the dealer direct.

I think that the book market will only return to sanity if publishers:

  • Set rationally worthwhile standards for editorial and production quality, and stick to them

  • Price books according to the costs that correspond to these standards, as well as reasonable remuneration for their authors

  • Stop printing prices on book jackets

  • Base trade discounts purely on order-quantity and (reasonable) business terms - and never give discounts that require a sacrifice in quality

  • Refuse to accept returns from booksellers for any reason other than a production fault

  • Develop direct routes to market, such as online channels, so that they can afford to resist the ever-more rapacious demands of supermarkets and chain booksellers 

Until that happens, the people who will suffer most will be book-buyers and authors - the two ends of the chain. Book buyers will suffer because there are many worthwhile books that currently don't find publishers, while the quality of books that do get published is often marred by skimping on editorial work or production. Authors will suffer because they can't get worthwhile books published and, even when they can (excepting for that handful of bestsellers), they are badly paid.

Free enterprise - a jungle at the best of times - has certain virtues. Unsupervised free enterprise, however, can produce power struggles that reduce the jungle to unsustainable chaos. That's what is currently happening in the British book market. If publishing is ever again to encourage high-quality work, there will have to be a new equilibrium. What that will look like I cannot tell. And how long will it take? And how much good work will meanwhile be lost? 

Note from Nicole

If you have ordered a book that is not yet published and change your e-mail address, please don't forget to let me know. Our customers move house surprisingly often. So if we've had an order for some months, I check by e-mail before sending the book. Otherwise, as we know from experience, parcels are returned to us - possibly months after dispatch - marked "No longer at this address". Meanwhile, if we have charged the customer's card, the customer isn't happy! 

If there is no reply to my e-mail, we don't charge and we don't send the book. Because the customer hasn't met the terms of the subscription offer, any subscription discount is automatically lost. There is no margin in our online subscription prices to cover the cost and time involved in sending chasers by post. 

There is now a large difference between subscription and post-publication prices. People come back to us months (sometimes years) after publication saying, "Oh, I changed my e-mail address and we seem to have lost touch. Can I still have the book at the subscription price?" The answer, with great regret, has to be, "I am sorry, but the subscription price is only valid if payment is made on the due date".

 

We accept payment by Visa, Mastercard, American Express, Maestro, PayPal, and sterling
cheques drawn on UK banks

Home page
| Site Map | Contact, Privacy, Copyright | Currency converter

Information website edited by Jeremy Wilson and hosted by Castle Hill Press: telawrence.info