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Canadian Stamp Auctions |
| Stamp Market Commentary |
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Special Commentary - 22 April, 2009
A Canadian 12 Penny Black
to be sold in the upcoming
Spink Shreves’ Auction
May 8, 2009
Spink Shreves Galleries will be offering The Richard Collier Collection of Postally Used Stamps of the United States & the World on May 8, 2009 in New York. The Canadian section, while small, includes some excellent and rare material. It includes the above large margined 12 penny black, a stamp it describes as having long been recognized as one of the rarest and most desired stamps of the British Empire. This copy appears to have come from the sale of The Malibu Collection in May, 2006. Before that it belonged to the collections of Lees-Jones and Amundsen. Here are a few of the other Canadian stamps in the sale:
One lot that fascinated us was a Penny Black cover from Great Britain, dated October 27, 1840, which contained an original letter written and signed by Charles Dickens.
It will be interesting to see how much the "celebrity factor" adds to the bidding for this item. The estimate was between $5,000 and $7,000. We were not surprised to see that the "celebrity factor" brought the final bid up to $15,000! U.S. Stamps Our review of the U.S. stamps that made up half of the lots, reminded us of how different the U.S. market is from that in Canada. A number the more valuable American stamps had been sent to the Professional Stamp Experts for grading. Two of the ones shown below actually received a “Supreme GEM 100 Jumbo” designation. Now one can get carried away with all these “super duper” descriptions, but we have seen clear evidence that they do affect the market. As well, the exact quantity of many of the rarest U.S. stamps seems to be known in the U.S. philatelic community and is referred to in the descriptions eg., Lot “x” is one of thirteen known copies of which only five are sound and the rest have faults. Here are some outstanding examples:
As mentioned, of particular interest to us are lots 107 and 186 above. Both of which are rated “GEM 100”. While these have only nominal catalogue prices, recent sales in the U.S. show us that the sky is the limit when determined collectors of means go after these outstanding copies. We look forward with great interest to seeing the results of the sale. Of course, we will post these results as soon as they are known! |
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Please
note: The prices realized for both the Canadian and U.S. stamps |