Stamp market commentary
©2001, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada
Commentary No. 24 - 17 August, 2001
New Record Prices
First Six Months of 2001
In February of this year, when we presented a summary of last year's record prices in Commentary No. 18, we considered the many new highs that were realized in the previous year and concluded: "At these levels, one could almost think that there are no more records to be broken. We'll see in 2001." Well, the following pages show that the pace of new records does indeed continue.
One should be careful in interpreting this year's figures. For example, one of Canada's oldest and best-known auction houses, R. Maresch & Son, only had a single public auction during the first six months of this year. Jim Hennok similarly had only one, while Charles Firby had two. Eastern and Vance, on the other hand, were very active with their mail and public auctions as was Ian Kimmerly. Much outstanding material was offered at all of these sales. One of the most notable sales was the Eastern auction of May 25 which produced the following two notable record prices:
10¢ Small Queen
Lot No. 505
Lot No. 677
In 2000, we recorded 63 new highs. Of these, 33 were realized in the first six months vs.. 29 this year. A number of comparisons can be made in looking at the two six-month periods:
1. Of this year's 29 new record prices, 16 were made at the Eastern sale on May 25th. Without that sale, the picture would be very different
2. It seems that few superior quality Large Queens are making it to the market this year, hence no new record prices for this set
3. The Jubilee and Admiral sets are turning in amazingly strong prices and new records.
4. Collectors are paying high prices for many of the modern varieties, even those that are unlisted in the Scott catalogue.
5. The "back of the book" sets continue to attract great interest and solid prices.
Our aim at Canadian Stamp Auctions is to provide information about stamp auctions in Canada and we have been working hard to expand the number of Canadian stamps being covered in our pricing statistics. We are presently working on Scott nos.1-20 and the Edward VII and Quebec Tercentenary imperforates. This will be followed by new pricing statistics for many of the modern varieties, including some that are not presently listed in the Scott catalogue. We hope that by the end of this year our pricing statistics will be greatly enlarged and therefore more useful to you.
To see images of 14 of the stamps in the survey To see the full list of the 29 new record prices.