Showing posts with label value of Sylvia Plath's letters. Show all posts
Showing posts with label value of Sylvia Plath's letters. Show all posts

Tuesday, September 10, 2024

How Much Money Aurelia Got For Sylvia's Letters

It was such a big event in Aurelia's life I had to pursue the question although told the answer was confidential, none of my business, they didn't know or they wouldn't say.

Aurelia Plath was paid $190,000 for her daughter Sylvia's letters and other items now in the Sylvia Plath mss. at the Lilly Library at Indiana University at Bloomington.

The sale, through a dealer, was completed in March 1977.

$190,000 in 1977 is worth in 2024 either $985,150 or $1,101,400. In either case, a cool million.

Worth it, for Sylvia's letters home, early short stories, diaries, paintings, and memorabilia: more than 3,000 items. Aurelia opened the Lilly collection to the public having decided what the public should see. I think she removed Sylvia's "lost" short stories "The Trouble-Making Mother" and "The Mummy." But let's admire Aurelia's amazing foresight in amassing and preserving for 45 years this dazzling literary trove and making it available. Many a scholar has made money from it.

Aurelia's writings and correspondence never mention meeting an appraiser or dealer, or negotiations over the price and dealer's fee.

Aurelia -- in 1977, age 70 -- for tax reasons divided the $190,000 into 10 annual payments. [1]

I heard more than once that the dealer held back some items and sold them.

Aurelia at a later time donated further Plath materials to the Lilly Library's Sylvia Plath archive.

[1] In 1977 the federal tax rate for a single filer with a taxable income of $19,000 was 34 percent. TaxFoundation.org.