Bayliss Rare Books has launched ‘the finest collection to come to the market in decades’, with first editions of The Hobbit and The Lord of the Rings (ranging from £30,000 to just under £80,000), as well as various opinionated letters written by J. R. R. Tolkien to his friends, publisher and the original theatre director of The Hobbit. In these, he discusses theories of language, his thoughts on Sherlock and Mycroft Holmes (‘quite a sniff of priggery about these two precious gents’) and how he named the home of Bilbo and Frodo Baggins, Bag-End, after his aunt’s house in Worcestershire.