It's 1977, in the year of the Jubilee, punk rock is in the air, Big Jim Callaghan is in Downing Street and a bookseller in King's Cross London is involved in a long - running dispute over rent with a corrupt and greedy landlord. The landlord, call him Rachman, wants him out so that he can develop the building into flats and keeps raising the rent and hassling the young bookseller at every opportunity.
The guy supposedly owes £5000 in back rent and 'reparations' and on a Thursday evening a bailiff in a bowler hat arrives with a couple of thuggish sidekicks to seize the guy's entire stock in lieu of this amount. It is a very smart and well chosen stock worth £50K minimum but if seized it will be sold at Pecksniffs - a seedy auction house specialising in bankrupt stock. It will probably make a tenth of its true value and our bookseller will be destitute -sans money and sans books. He manages to persuade the bowler hatted one to accept £100 and says that he will have the rest on Monday after he has been down to the country to borrow the money from his father. This is quite plausible because the guy, like a lot of booksellers of the time, appears to be a public school type with a vague air of privilege, albeit slightly shabby, and likely to have moneyed parents. In fact his dad was a teacher with nothing more than a flat in Roehampton and a bicycle.
The bailiff disappears into the gathering gloom and the dealer immediately gets on the blower to his network of dealer friends. The call goes out to the London trade that he will buy any book for 5 pence (10 cents.) Battered Volvos, trucks, vans arrive laden with London's lousiest, most unsaleable books.
