Canadian Stamp Auctions
Recent Auction Highlights
January, 2008 - Cherrystone Auctions
This is the first time we have prepared a report on a sale from that this auction house located in New York City. We only show two stamps below from the Canadian section of their sale, but who would not want these two rare stamps in their collection:
3 –One of Canada’s rarest stamps
This very fine copy
came with part original gun, three large margins and certificates of
authentication, including one that is printed on the back of the stamp.
The price realized of $191,900 is the second best we have recorded in
the past twenty years. During that time, 11 mint copies were sold at
auction at prices ranging from $25,000 to $214,500. Of these, 6 were
sold at auctions in Canada and 5 in the U.S. and UK.
A beautiful Scott 9
We must confess that this is one of our favorite Canadian stamps. We are struck by the beauty of the young Queen Victoria. For some reason, we admire her more in this green colour then in the black colour of the above Scott 3.
This copy came with large part original gum and good margins all around. If you look carefully, you can see a very small part of the adjoining stamp on the right hand side.
The price realized for the stamp of $15,150 is the second best we have recorded in the past 7 years. In this period, copies have sold at prices ranging from $5,240 to $17,600. Of these, 5 were sold at auctions in Canada and the rest in the U.S. and UK.
Although there were only 6 Canadian lots out of a total of 2669 in the entire sale, they were definitely worthy of note. The fact they were sold in the United States underlines the fact that interest in investment quality stamps is international. Canadian collectors collect stamps from Canada and other countries and vice versa.
One thing that impresses us is the degree of knowledge that the non-Canadians must possess to have the confidence to pay the large sums that are required to acquire stamps that are this costly. It is obviously important that auction houses like Cherrystone are able to give their clients that confidence.
The prices realized in the sale were converted at the rate of $1 US = $1.01 Cdn.