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Around 500 lots from the Donaueschingen Library, the biggest private library to come on the market in recent years, will be offered this Thursday (September 26) with reserves disclosed. The vendors are the joint owners of the library, Heritage Bookshop from the United States and London book and prints dealer Bernard Shapero.

Explaining scrapping the premium, Mr Powell said: “It is partly because Bernard Shapero owns Bloomsbury Book Auctions and we do not want to double charge people. But if the right vendor came along in the future then we would consider doing the same thing again.”