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Meet the New Old Book Collectors

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Meet the New Old Book Collectors

Late final month, in the course of the New York Worldwide Antiquarian Ebook Honest on the Park Avenue Armory, Rebecca Romney withdrew a replica of “Howl, Kaddish, and Different Poems,” by Allen Ginsberg from her sales space’s show case. She did so to not recite from its pages however to point out off the writing within the margins.

Amy Winehouse had puzzled out lyrics to an unrecorded music alongside Ginsberg’s strains. “You see her creative course of,” Ms. Romney mentioned. “And it’s proper subsequent to another person’s artwork that she was consuming whereas creating one thing new.” The Ginsberg textual content is the centerpiece of Ms. Winehouse’s 220-book assortment, which Ms. Romney’s firm, Kind Punch Matrix, close to Washington, D.C., is in talks to promote as a unit for $135,000. “It exhibits a life lived by way of books,” she mentioned.

Ms. Romney is a longtime vendor identified to “Pawn Stars” followers because the present’s uncommon books professional. However at 37, she represents a broad and rising cohort of younger collectors who’re coming to the commerce from many walks of life; simply throughout the aisle, Luke Pascal, a 30-year-old former restaurateur, was presiding over a case of letters by Abraham Lincoln and George Washington.

Michael F. Suarez, the director of the Uncommon Ebook Faculty on the College of Virginia, mentioned that as of late, his college students are skewing youthful and fewer male than a decade in the past, with almost one-third attending on full scholarships.

“The world of the archive is definitely thought of fairly hip,” he mentioned.

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In fact, most entry-level collectors can’t plunk down a whole bunch of 1000’s of {dollars} for a primary version. However by frequenting property gross sales and used bookstores, scouring eBay for hidden gems and studying spot worth in every kind of things, lovers of their 20s and 30s have amassed collections that replicate their very own tastes and pursuits.

Their work has been elevated by prizes from organizations and sellers equivalent to Honey & Wax in Brooklyn, which acknowledge efforts to create “essentially the most ingenious, or considerate, or unique collections,” versus essentially the most helpful, Professor Suarez mentioned. In consequence, they’re serving to to form the subsequent technology of a pastime, and a rarefied commerce.

A number of younger attendees stood out among the many business-attire-and-book-core crowd on the honest — particularly Laura Jaeger, a petite 22-year-old with a shock of pink hair. Her mom, Jennifer Jaeger, owns Ankh Antiquarian Books in Chadstone, Australia, which makes a speciality of books about Historical Egypt; Laura is within the strategy of changing into a accomplice within the enterprise.

She plans to increase its assortment to replicate her pursuits, she mentioned, like metaphysics and pictures. “However I nonetheless know my Greek, Roman, Egyptian uncommon books actually, actually nicely,” she mentioned. “I’ve been capable of worth books for a number of years now.”

Kendall Spencer, 30, additionally hopes to go away his mark on the antiquarian ebook world. A Georgetown Legislation graduate who turned enamored with uncommon books whereas researching Frederick Douglass, he’s working as an apprentice at DeWolfe & Wooden Uncommon Books whereas he prepares to take the Massachusetts bar examination.

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“In case you stroll round right here, there’s nobody behind a sales space that appears like me,” mentioned Mr. Spencer, who’s Black.

The Antiquarian Booksellers’ Affiliation of America, a commerce group with greater than 450 members, hopes to see that change. The group began a variety initiative in 2020 to “encourage and promote the participation of L.G.B.T.Q.+, BIPOC, and underrepresented teams on the earth of ebook accumulating and the commerce,” Susan Benne, the group’s government director, wrote in an electronic mail. The group additionally launched a paid internship program inserting contributors at member corporations.

“I need to see extra folks like me take an curiosity,” Mr. Spencer mentioned, “and I believe that begins with somebody inviting folks in.”

After they’re beginning out, most collectors give attention to used and classic books that matter for private causes, sourced from thrift shops, used bookstores and different newbie lovers.

Thomas Gebremedhin, 34, a vp and government editor of Doubleday, began shopping for paperbacks from thrift shops in his early 20s whereas enrolled within the Iowa Writers Workshop, as a strategy to learn out-of-print authors of shade, equivalent to Gayl Jones. Lately, he can afford a lot pricier uncommon books, although he additionally picks up first-edition hardcovers for lower than $10 at a “secret” bookstore in Brooklyn.

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“Yow will discover first editions wherever,” mentioned Mr. Gebremedhin, whose assortment consists of 1000’s of titles. “They need to have a TLC present. You already know that coupon present? I really feel like there ought to be an equal for ebook consumers.”

Camille Brown, 30, started accumulating books when she was 23 and dealing on the Letterform Archive in San Francisco. “I began posting on Instagram in regards to the issues I used to be digitizing, which then led to posting about my very own private assortment,” she mentioned, which incorporates books on woodworking and joinery. (Her father is a contractor.) Quickly, folks began asking her for sourcing suggestions.

“It confirmed me there was extra of an curiosity available in the market than I spotted,” Ms. Brown mentioned. Now, she is an newbie ebook vendor on the platform and curates classic books for clothes boutiques, sourcing most of her supplies from library and property gross sales.

Ms. Romney began accumulating uncommon books at age 23, when she was employed by Bauman Uncommon Books in Las Vegas — a job she assumed her bachelor’s diploma in classical research and linguistics wouldn’t qualify her for. However she found that “common bookishness” was the one actual prerequisite; anybody nerdy, curious and thrifty sufficient may get into it.

She mentioned that accumulating could be “an train in autobiography” — a method of seeing aspects of their very own expertise refracted by way of the looking-glass of one other’s life. For instance: Margaret Landis, 30, is an astrophysicist who collects texts associated to the cometary discoveries of Maria Mitchell, the primary feminine astronomer in the US. And Caitlin Gooch, the founding father of a literacy nonprofit in North Carolina, collects nonfiction associated to Black equestrians.

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Ms. Gooch’s father and uncle had been documenting the household’s “cowboy historical past,” she mentioned, earlier than her uncle died and the gathering was misplaced. “We don’t know the place these photos and movies are,” she mentioned, “so for me, discovering these books, although they’re in a roundabout way about my historical past, means I’ll be capable of share the data from them.”

Past the hyperlink they provide to the previous, collectors really feel drawn to titles and editions that look good. It’s why, as Jess Kuronen put it, the mud jacket of a ebook performs a substantial function in pricing.

Ms. Kuronen, 29, is an proprietor of Left Financial institution Books in Manhattan, which caters to what she calls “entry-level” collectors. At her retailer, a primary version of “On the Highway” with out the mud jacket is priced at $500. A “near-fine” first version with the jacket not too long ago bought for almost $7,000.

At Uncommon Ebook Faculty, Professor Suarez mentioned, college students “discover ways to learn graphical codes, the illustrations, and the social codes” to grasp “the lifetime of that ebook over time in varied communities.”

“There’s positively individuals who strictly need to purchase used books versus newer books,” mentioned Addison Richley, 28, who owns Des Pair Books within the Echo Park neighborhood of Los Angeles. As soon as she finishes a ebook she likes, she scours the web for “a prettier copy or a extra fascinating version.” Lately, a buyer declined to purchase a brand new copy of a classic ebook they’d seen on the shop’s Instagram.

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“They defined to me {that a} used ebook is extra particular as a result of it has character,” Ms. Richley mentioned.

Brynn Whitfield, a 36-year-old tech publicist, began accumulating vintage chess books 5 years in the past. “I’m getting increasingly more compliments about having this stuff in my home,” she mentioned. “Folks suppose it’s cooler than typical espresso desk books.”

Although used ebook gross sales thrive on-line, most sellers imagine there’s a serendipity that solely looking in individual can supply.

“In our time, a lot is making an attempt to promote you what the machine thinks that you really want already,” mentioned Josiah Wolfson, the 34-year-old proprietor of Aeon Bookstore, a subterranean store in Decrease Manhattan. “I don’t need to presuppose what everyone is in search of, even when they’re accumulating a selected factor.”

Typically the ebook that jumps isn’t one a collector would have deliberate to amass in any respect. However, as Mr. Gebremedhin put it, the “emotional logic” of a classic cowl finally ends up talking to the collector.

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“I simply acquired a primary version ‘Bare and the Lifeless,’” he mentioned. He’s not a fan of Norman Mailer, its writer. However: “It’s a lovely cowl.”

The used and uncommon ebook market is a round system of supplies and concepts, and lots of younger collectors, together with Mr. Wolfson, see their cabinets as “fluid.” He continuously culls his private assortment of spiritually inflected titles for Aeon inventory, a course of he compares to divination. If a ebook not issues to him, he mentioned, “anyone else ought to actually get the profit.”

Mr. Gebremedhin is contemplating donating his assortment to the Columbus Public Library in Ohio, the place he grew up. He gave away 500 books earlier than transferring to a brand new condominium in Brooklyn. “Plenty of the books that come into my home finally discover another person,” he mentioned. “It’s type of the fantastic thing about studying and sharing them.”

Ms. Brown, who sells books by way of Instagram, mentioned that “accessibility” is a guiding impulse in her work. The web, she mentioned, “opens the door to those objects residing many extra lives that they wouldn’t have lived in any other case.”

Again on the honest, Jesse Paris Smith, 34, and her mom, the singer-songwriter Patti Smith, had been taking a look at a ebook written by Charlotte Brontë when she was 13. For the 2 of them, poring over texts and covers has been a supply of bonding. (Patti began accumulating books across the age of 9, when she bought “A Youngster’s Backyard of Verses” at a church bazaar for 50 cents; right this moment, it’s price $5,000.)

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“Jesse’s made books, and I’ve bought them,” Patti mentioned. “I’ve completed stock, packed them, gift-wrapped them, charged them.”

The Smiths routinely give books away, too. “It’s painful, however we attempt to put those that we’re not studying again out into the world,” Jesse mentioned.

“However not our particular books!” Patti mentioned.

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Culture

The Books We’re Excited About in Early 2025

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The Books We’re Excited About in Early 2025

A new year means new books to look forward to, and 2025 already promises a bounty — from the first volume of Bill Gates’s memoirs to a new novel by the reigning Nobel laureate, Han Kang, to a biography of Rosemary Woodruff Leary, the wife and psychedelic collaborator of the counterculture pioneer Timothy Leary.

On this week’s episode, Gilbert Cruz and Joumana Khatib talk about some of the upcoming books they’re most anticipating over the next several months.

Books discussed:

“Stone Yard Devotional,” by Charlotte Wood

“Silence,” by Pico Iyer

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“Onyx Storm,” by Rebecca Yarros

“Gliff,” by Ali Smith

“The Dream Hotel,” by Laila Lalami

“The Colony,” by Annika Norlin

“We Do Not Part,” by Han Kang

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“Playworld,” by Adam Ross

“Death of the Author,” by Nnedi Okorafor

“The Acid Queen: The Psychedelic Life and Counterculture Rebellion of Rosemary Woodruff Leary,” by Susannah Cahalan

“Tilt,” by Emma Pattee

“Dream Count,” by Chimamanda Ngozi Adichie

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“Hope: The Autobiography,” by Pope Francis

“Jesus Wept: Seven Popes and the Battle for the Soul of the Catholic Church,” by Philip Shenon

“The Antidote,” by Karen Russell

“Source Code,” by Bill Gates

“Great Big Beautiful Life,” by Emily Henry

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“Sunrise on the Reaping,” by Suzanne Collins

We would love to hear your thoughts about this episode, and about the Book Review’s podcast in general. You can send them to books@nytimes.com.

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Grand Slam prize money is enormous. The economics of tennis tournaments is complicated

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Grand Slam prize money is enormous. The economics of tennis tournaments is complicated

Four times a year, one of the biggest and most important tennis tournaments in the world sends out an announcement full of dollar signs and zeroes with the words “record prize money” scattered liberally.

The four Grand Slams, the first of which begins Sunday in Melbourne, are the high points of the tennis calendar. Players at the 2025 Australian Open will compete for $59million (£47m) this year — over $6.2m more than last year. In 2024, the four tournaments paid out over $250m between them, while their leaders spent the year aligning themselves with the players who make their events unmissable, whose gravity pulls in the broadcast deals and sponsorships, with their own dollar signs and zeroes.

Led by Australian Open chief Craig Tiley, the Grand Slams led the movement for a so-called premium tour which would pare down the overloaded tennis calendar and guarantee top players always being in the same events, let alone time zones. It would also lock swaths of the globe out of the worldwide spectacle that tennis represents.

The great irony is that despite the largesse and the cozy relationship, the players get a smaller cut of the money at the Grand Slams than they do in most of the rest of the rest of that hectic, endless season — and a fraction of what the best athletes in other sports collect from their events. The Australian Open’s prize pool amounts to about a 15-20 percent cut of the overall revenues of Tennis Australia, the organization that owns and stages the tournament, which accounts for nearly all of its annual revenue. The exact numbers at the French Open, Wimbledon and U.S. Open vary, but that essential split is roughly a constant. The 2023 U.S. Open had a prize pool of $65m against earned revenue from the tournament that came out at just over $514m, putting the cut at about 12 percent. The U.S. Open accounted for just under 90 percent of USTA revenues that year.

The explanations from the Grand Slams, which collectively generate over $1.5bn (£1.2bn) a year, run the gamut. They need to dedicate hundreds of millions of dollars each year to fund junior tennis development and other, less profitable tournaments in their respective nations — an obligation pro sports leagues don’t have. There is a constant need to upgrade their facilities, in the silent race for prestige and primacy of which the constant prize money one-upmanship is just one element.

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Aryna Sabalenka with her winner’s check at the 2024 U.S. Open. (Emaz / Corbis via Getty Images)

That dynamic is not lost on players — least of all Novak Djokovic, the top men’s player of the modern era and a co-founder of the five-year-old Professional Tennis Players Association (PTPA).

“I’m just going to state a fact,” Djokovic said during a post-match news conference in Brisbane last week.  “The pie split between the governing bodies in major sports, all major American sports, like NFL, NBA, baseball, NHL, is 50 percent. Maybe more, maybe less, but around 50 percent.

“Ours is way lower than that.”


Since 1968, the first year in which the four majors offered prize money as part of the Open Era’s embrace of professional tennis players, the purses have only grown. The 1968 French Open was the first to offer prize money, with Ken Rosewall earning just over $3,000 for beating Rod Laver in the final. The women’s singles champion, Nancy Richey, was still an amateur player, so could not claim her $1,000 prize. By 1973, lobbying from Billie Jean King helped convince the U.S. Open to make prize money equal for men and women through the draws; it took another 28 years for the Australian Open to do so year in, year out. Venus Williams’ intervention helped force the French Open and Wimbledon to follow suit in 2007.

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Fifty years after Rosewall’s triumph in Paris, the 2018 men’s champion Rafael Nadal took home $2.35million, an increase of over 73,000 percent. The year-on-year increases at each major are more modest, usually between 10 and 12 percent, but that percentage of tournament revenue remains steadfast, if not entirely immovable.

The Grand Slams argue that there are plenty of hungry mouths at their table, many more than just the 128 players that enter each singles draw each year.

Tennis Australia is a not-for-profit and a business model built on significant investment into delivering the event and promoting the sport to drive momentum on revenue and deliver consistently increasing prize money,” Darren Pearce, the organization’s chief spokesperson, said in a statement this week.

Money from the Australian Open also helps fund tournaments in Brisbane, Adelaide and Hobart, as well as the United Cup, the combined men’s and women’s event in Perth and Sydney. Pearce said the prize money increases outpace the revenue growth.

The Grand Slams also point to the millions of dollars they spend on player travel, housing, transportation and meals during tournaments, though team sport athletes receive those as well. Eloise Tyson, a spokesperson for the All England Lawn Tennis Club, which stages Wimbledon, noted that overall Grand Slam prize money had risen from $209million in 2022 to $254m last year, a 22 percent increase.

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“Alongside increasing our player compensation year-on-year, we continue to make significant investment into the facilities and services available for players and their teams at The Championships,” Tyson wrote in an email.

Officials with France’s tennis federation, the FFT, which owns the French Open, did not respond to a request for comment.

Brendan McIntyre, a spokesman for the United States Tennis Association, which owns the U.S. Open, released a statement this week touting the USTA’s pride in its leadership on player compensation, including offering equal prize money and the largest combined purse in tennis history at the 2024 US Open. A first-round exit earned $100,000, up 72 percent from 2019. Just making the qualifying draw was good for $25,000.

“As the national governing body for tennis in the U.S, we have a broader financial obligation to the sport as a whole,” the organization said.

“The USTA’s mission is to grow tennis at all levels, both in the U.S. and globally, and to make the sport accessible to all individuals in order to inspire healthier people and communities.”

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The infrastructure required to stage a Grand Slam tournament is vast — on and off the court. (Glen Davis / Getty Images)

None of the organizations outlined a specific formula for determining the amount of prize money they offered each year, which is roughly the same as a percentage of their parent organizations overall revenues. That may be a coincidence, though the Grand Slams also have the benefit of not facing any threat to their primacy.

The USTA’s statement gestures at how the structure of tennis contributes to this financial irony. In soccer, countries and cities bid to host the Champions League and World Cup finals; the Olympics changes every four years and even the Super Bowl in the NFL moves around the United States, with cities and franchises trying to one-up one another.

The four Grand Slams, though, are the four Grand Slams. There are good reasons for this beyond prestige: the infrastructure, both physical and learned, required to host a two- or three-week event at the scale of a major year in, year out is available to a vanishingly small number of tennis facilities around the world. There is no opportunity for another organization or event to bid to replace one of the Grand Slams by offering a richer purse or other amenities.

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This dynamic has been in place for years and has become more important in recent months. The PTPA has hired a group of antitrust lawyers to evaluate the structure of tennis. The lawyers are compiling a report on whether the the sport includes elements that are anti-competitive, preparing for a possible litigation with the potential to remake the sport.

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The ATP and WTA Tours, which sanction 250-, 500- and 1000-level events as well as the end-of-season Tour Finals, give players a larger share of revenue. There is some disagreement between players and officials over how much it is and the methods of accounting; some player estimates hover around 25 percent, while tour estimates can be in the range of 40 percent. Both remain short of the team equivalents in the United States.

On the ATP Tour, the nine 1000-level tournaments have a profit-sharing agreement that, in addition to prize money, gives players 50 percent of the profits under an agreed-upon accounting formula that sets aside certain revenues and subtracts certain costs, including investments the tournaments make in their facilities. The WTA does not have such an agreement. It outlines a complex prize money formula in its rule book with pages of exceptions, not based on a guaranteed share of overall tour revenues.

The tours have argued that because media rights payments constitute a lower percentage of revenues than at the Grand Slams, and because the costs of putting on tournaments are so high, a 50-50 revenue share would simply turn some tournaments into loss-making entities and make tennis unsustainable as a sport.

James Quinn, one of the antitrust lawyers hired by the PTPA, said he saw serious problems with the model, describing a structure that prevents competition from rival tournaments.

Some events outside the 52-week program of tournaments — which see players earn ranking points as well as money — have official status (the Laver Cup is sanctioned by the ATP). But the remainder, such as the Six Kings Slam in Riyadh, which debuted this year and offered record prize money of over $6million to the winner, are not sanctioned, for now providing only a peripheral form of competition to ruling bodies’ control of the sport.

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Jannik Sinner took home the money at the inaugural Six Kings Slam in Riyadh. (Richard Pelham / Getty Images)

The Grand Slams, ATP and WTA insist this is for the best. They see themselves as caretakers of global sport trying to bring some order where chaos might otherwise reign.

Djokovic doesn’t totally disagree. He understands tennis is different from the NBA. He’s led the Player Council at the ATP, which represents male professionals, and he has seen how the sausage gets made and how complicated it is with so many tournaments of all shapes and sizes in so many countries. At the end of the day, he still thinks players deserve more than a 20-percent cut, especially since the Grand Slams don’t make the kinds of contributions to player pension plans or end-of-the-year bonus pools that the ATP does, nor do they provide the year-round support of the WTA.

“It’s not easy to get everybody in the same room and say, ‘OK, let’s agree on a certain percentage,’” he said of the leaders of tournaments.

“We want more money, (but) they maybe don’t want to give us as much money when we talk about the prize money. There are so many different layers of the prize money that you have to look into. It’s not that simple.”

(Photos: Kelly Delfina / Getty Images, Steven / PA via Getty Images; design: Dan Goldfarb)

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6 New Books We Recommend This Week

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6 New Books We Recommend This Week

Our recommended books this week tilt heavily toward European culture and history, with a new history of the Vikings, a group biography of the Tudor queens’ ladies-in-waiting, a collection of letters from the Romanian-born French poet Paul Celan and a biography of the great German writer Johann Wolfgang von Goethe. We also recommend a fascinating true-crime memoir (written by the criminal in question) and, in fiction, Rebecca Kauffman’s warmhearted new novel about a complicated family. Happy reading. — Gregory Cowles

One of Europe’s most important postwar poets, Celan remains as intriguing as he is perplexing more than 50 years after his death. The autobiographical underpinnings of his work were beyond the reach of general readers until the 1990s, when the thousands of pages of Celan’s letters began to appear. The scholar Bertrand Badiou compiled the poet’s correspondence with his wife, the French graphic artist Gisèle Lestrange-Celan, and that collection is now available for the first time in English, translated by Jason Kavett.

NYRB Poets | Paperback, $28


Wilson’s biography of the German polymath Johann Wolfgang von Goethe (1749-1832) approaches its subject through his masterpiece and life’s work, the verse drama “Faust” — widely considered perhaps the single greatest work of German literature, stuffed to its limits with philosophical and earthy meditations on human existence.

Bloomsbury Continuum | $35

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Through a series of vignettes, Kauffman’s fifth novel centers on a woman determined to spend Christmas with her extended family, including her future grandchild and ex-husband, and swivels to take in the perspectives of each family member in turn.


People love the blood-soaked sagas that chronicle the deeds of Viking raiders. But Barraclough, a British historian and broadcaster, looks beyond those soap-opera stories to uncover lesser-known details of Old Norse civilization beginning in A.D. 750 or so.

Norton | $29


Fifteen years ago, Ferrell gained a dubious fame after The New York Observer identified her as the “hipster grifter” who had prowled the Brooklyn bar scene scamming unsuspecting men even as she was wanted in Utah on felony fraud charges. Now older, wiser and released from jail, Ferrell emerges in this captivating, sharp and very funny memoir to detail her path from internet notoriety to self-knowledge.

St. Martin’s | $29

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In her lively and vivid group biography of the women who served Henry VIII’s queens, Clarke, a British author and historian, finds a compelling side entrance into the Tudor industrial complex, showing that behind all the grandeur the royal court was human-size and small.

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