Established 2014 · London
Ravelstein
Rare Books, Signed First Editions & Letters
Home  /  Wiki  /  trophy-books  /  The Sound and the Fury First Edition Deep Dive
trophy-books

The Sound and the Fury First Edition Deep Dive

Faulkner’s Masterpiece

William Faulkner’s The Sound and the Fury (1929) is widely regarded as the greatest modernist novel written in America — a technically audacious work that many place alongside Ulysses and In Search of Lost Time as one of the three peaks of literary modernism. It was Faulkner’s fourth novel, the one that announced his full genius, and the book that established him as the most ambitious American novelist of the 20th century.

The novel sold poorly at publication (approximately 1,789 copies in its first year). Faulkner would not become a commercial success until Sanctuary (1931) and would not achieve full critical recognition until Malcolm Cowley’s The Portable Faulkner (1946) rescued him from near-obscurity. He won the Nobel Prize in 1949. Today, first editions of The Sound and the Fury are among the most prized American literary collectibles.

First Edition Identification

Publisher: Jonathan Cape and Harrison Smith, New York

Publication date: October 7, 1929

Physical description: Black and white patterned paper boards with white cloth spine stamped in black and blue. 401 pages.

First Printing Points

  1. Published by “Jonathan Cape and Harrison Smith” (this partnership lasted only 1929–1931)
  2. No statement of edition or printing on copyright page
  3. Top edge of pages stained yellow-green
  4. Pattern on boards is geometric/Art Deco style
  5. Price $3.00

Approximately 1,789 copies were printed in the first edition — an extraordinarily small number that reflects both Faulkner’s limited commercial reputation at the time and the state of literary publishing in 1929 (the stock market crashed weeks after publication). This small print run is the primary driver of the book’s extreme value.

Pricing

ConditionPrice Range
Fine/Fine$75,000–$200,000+
Near Fine/Near Fine$30,000–$75,000
Very Good/Very Good$15,000–$40,000
Good/Good$5,000–$15,000
Without jacket$2,000–$8,000
Signed$100,000–$300,000+

The Dust Jacket

The first edition jacket is extraordinarily rare. Fewer than a handful are known to survive in Fine condition. The jacket is plain — cream/white with text in black and red, typical of the spare design aesthetic of the late 1920s.

Survival rate: Given the 1,789-copy print run and the book’s initial commercial failure (unsold copies were eventually remaindered), Fine copies with jackets are museum-level rarities. When they appear at auction, they are headline events.

Signed Copies

Faulkner (1897–1962) signed books but not prolifically. He was based in Oxford, Mississippi, far from the New York literary scene, and while he attended some events and was socially active, he did not conduct systematic signing sessions.

Availability: Signed The Sound and the Fury first editions are exceptionally rare. Any signed Faulkner first commands massive premiums.

Inscriptions: Faulkner occasionally inscribed books to friends and fellow writers. These association copies are the most valuable Faulkner items extant.

The Faulkner Bibliography (Selected Major Works)

TitleYearPublisherPrint Run (est.)Price (F/F)
Soldiers’ Pay1926Boni & Liveright2,500$10,000–$30,000
Mosquitoes1927Boni & Liveright2,000$5,000–$15,000
Sartoris1929Harcourt, Brace1,998$5,000–$20,000
The Sound and the Fury1929Cape & Smith1,789$15,000–$200,000+
As I Lay Dying1930Cape & Smith2,522$8,000–$40,000
Sanctuary1931Cape & Smith3,519$3,000–$15,000
Light in August1932Smith & Haas7,500$2,000–$10,000
Absalom, Absalom!1936Random House6,000$3,000–$15,000
The Wild Palms1939Random House5,000$1,000–$5,000
The Hamlet1940Random House4,000$1,000–$5,000
Go Down, Moses1942Random House5,000$1,000–$5,000
Intruder in the Dust1948Random House10,000$500–$2,000
Collected Stories1950Random House$500–$2,000
A Fable1954Random House$200–$800
The Town1957Random House$200–$600
The Mansion1959Random House$200–$600
The Reivers1962Random House$200–$800

The Nobel Prize and Critical Rehabilitation

Faulkner’s career presents one of the most dramatic reversals in American literary history:

1929–1944: Critical acclaim but commercial failure. By the mid-1940s, all of Faulkner’s novels were out of print.

1946: Malcolm Cowley’s The Portable Faulkner (Viking) reintroduced Faulkner to the reading public. This single anthology is often credited with saving Faulkner’s literary reputation.

1949: Nobel Prize in Literature, “for his powerful and artistically unique contribution to the modern American novel.” The Nobel transformed Faulkner from a commercially failed writer into America’s greatest living novelist.

Market implication: The Nobel established permanent institutional demand for Faulkner firsts. University libraries, special collections, and museums form a floor of demand that has never eroded.

Collecting Context

The Publisher Problem

Faulkner’s early publishing history is complex:

  • Boni & Liveright (1926–1927): 2 novels
  • Jonathan Cape and Harrison Smith (1929–1931): 4 novels
  • Smith & Haas (1932–1936): 3 novels
  • Random House (1936–1962): remainder of career

The Cape & Smith imprint existed for only two years (1929–1931). Copies carry the short-lived publisher’s name, which adds a historical dimension to collecting these books.

The Southern Literature Collection

Faulkner anchors the “Southern novel” category. A Faulkner-centered Southern collection might include:

  • Flannery O’Connor (2 novels, 2 story collections)
  • Carson McCullers (The Heart Is a Lonely Hunter, 1940)
  • Eudora Welty (Delta Wedding, 1946)
  • Walker Percy (The Moviegoer, 1961)
  • Cormac McCarthy (the Border Trilogy and later)

The Modernist Collection

Faulkner sits with Joyce, Woolf, and Proust as the masters of literary modernism. A Faulkner first alongside Ulysses (1922), Mrs Dalloway (1925), and The Great Gatsby (1925) represents the highest tier of 20th-century literary collecting.

Practical Matters

Condition challenges: The black-and-white patterned boards show wear readily. The spine (white cloth stamped in black/blue) is vulnerable to soiling and sunning. The thin paper jacket was typically discarded.

Forgeries: Given values exceeding $100,000 for fine copies, authentication is critical. Genuine Cape & Smith printings can be verified by paper analysis, binding examination, and provenance research.

Entry point: For collectors unable to afford The Sound and the Fury, later Faulkner titles (1940s–1960s) are accessible at $200–$2,000 — representing Nobel laureate firsts at modest prices.