Secondhand Books - what are they really worth? Katherine Roberts

Interesting article in The Author magazine (Autumn 2021) about the secondhand books market, which I've suspected for a while might be competing in a significant way with the new books market from which authors and their publishers traditionally get paid for their work. According to the article, the estimated size of the secondhand book market in the UK is likely to be worth as much as £500,000,000 (a cool half billion), which is apparently around 20% of the market for new books. Looking at my personal book purchases this year, I'm actually surprised is it isn't more. Granted we have had a remarkable year, with both bookshops and libraries closed to the public during lockdowns... but would this really make much of a difference to the proportion of secondhand book sales compared to new book sales? After all, both types are readily available online from Amazon and other retailers. Any estimate of market share no doubt depends if you count ebooks as books, and - perhaps more i...