Canadian Stamp Auctions
Stamp Market Commentary
Commentary No. 103 - 17 January, 2008
The Best Stamps of 2007
While 2007 was an excellent year for Canadian stamp auctions, it was not able to match 2006. The likely reason is that, in 2006, a greater number of outstanding Canadian collections were offered. One only has to think of some of the well known names, Sir Gawaine Baillie, Dr. Choi-Loc Tang and Michael Roberts. These three collections alone produced 140 new record prices, an amazing achievement.
Nonetheless, the number of new record prices in 2007 did reach 160, greatly outstripping all previous years other than 2006. The pace of strong prices continued throughout the year and actually gained momentum in the final months.
Here are the numbers
Once again, it is our pleasure to offer some of the finest stamps offered by the auction houses whose sales we covered in 2007:
While there may be no limit today, this may not be the case tomorrow. Problems in the US housing market are a good example of investments that have not fared well. Foreign holders of US dollars haven’t done much better. The stamp field is an unregulated market which makes it all the more prone to ups and downs. And as we have mentioned before, when the stamp market goes down, it usually stays down for a long time, sometimes as much as a decade.
What does all this mean? For some it can mean, be sure to get good advice when buying a valuable stamp. Make sure of the quality and make sure of the price. For others it can mean, don’t hang onto your stamps forever. You may be missing a golden opportunity to sell at a time when prices are high.
closing, we would like to salute a man who used his stamps for the benefit
of others. Mr.Bill Gross, Chief Investment Officer of PIMCO in the US
and his wife, sold their outstanding collection of British stamps and
donated the proceeds of $9.1 million to Doctors Without Borders / Médecins
Sans Frontières. What an example they are!