Canadian Stamp Auctions

9 December, 2008 - Robert A. Siegel Auction Galleries

In early December Robert A. Siegel held a sale of U.S and Confederate States Postal History in New York City. The sale included 84 lots of fine quality Canadian stamps. If it weren’t for the present economic conditions, there probably would have been a number of good prices. But those days seem behind us. If anything, it now seems to be a buyer’s market as the following realizations will show.

We have converted the prices realized at the rate of $1.00 U.S. = $1.25 CDN.

Lot 2750 Scott 1 Catalogue $2,300 Realized $937

Lot 2754 Scott 4a Catalogue $720 Realized $437

Lot 2759 Scott 18b Catalogue $5,000 Realized $812

Lot 2770 Scott 56 NH Catalogue $275 Realized $531

Lot 2773 Scott 57 NH Catalogue $290 Realized $625

Lot 2801 Scott 72a LH Catalogue $600 Realized $175

Lot 2809 Scott 141a-145a Catalogue $900 Realized $437

Lot 2824 Scott 195c-200a NH Catalogue $2,160 Realized $469

Lot 2830 Scott 387a Catalogue $10,000 Realized $9,375

Lot 2831 Scott C5b NH Catalogue $1,000 Realized $469

Comments

Since September, we have seen a number of significant auctions of Canadian stamps in Canada and the U.S. Looking at the prices realized clearly shows a downwards trend in prices.

In this sale, most of the lots highlighted above represent stamps of very fine quality. These were sold at prices that are only average at best, even where they exceeded catalogue. We wish we could ignore these trends, but that would be closing our eyes to the reality of the situation. The winners in this kind of situation are those who take advantage of it, screw up their courage, and purchase the finest examples at prices which, years from now, will make them very happy. We’ve seen it before and we will see it again.