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Recent Auction Highlights

16 May, 2007 - Eastern Auctions Ltd.

We were most interested in the results of this auction. It had two areas of collecting we think will be of interest to our viewers. The first was an extensive sale of philatelic literature and the second, the sale of a number of Canada’s modern untagged stamps.

A sale of philatelic literature such as this gives collectors the chance to purchased old auction catalogues containing stamps from some of the most famous collections of the past, such as the Lichtenstein or Reford collections. These catalogues can contain a gold mine of research material for those who are interested. The results from the sale of the untagged stamps tell us how accurately the Unitrade catalogue estimated their values when it introduced them into its catalogue last fall.

But first, let’s look at these two early Canadian stamps:


½¢ Large Queen


Lot 533
Scott 21
Catalogue $100
Realized $200

It’s not often a used Large Queen sells for double its catalogue value, but it happened in this sale. What a lovely stamp, with a clear impression, face- free cancellation and very nicely centered. The only negative was the nibbled perf at the bottom. Not mentionned, but definitely a plus, was the tiny position dot in the bottom left hand corner . A beauty? ….. definitely!


3¢ Large Queen on laid paper - Dated


Lot 550
Scott 33
Estimate $900
Realized $350

We feel sorry for this poor stamp. It is well off center with poor perforations on the right hand side. But one must admit that it has one thing going for it and that is the beautiful dated cancellation.

The Large Queens on laid paper are much rarer than those on the regular wove paper. As most collectors know, the 2¢ on laid paper is Canada’s most valuable stamp. It is so rare, that we have never recorded a sale of it at auction. It has always traded privately. This gives us a lot of respect for these 1¢, 2¢ and 3¢ stamps on laid paper, including the above terribly off-center stamp. Whoever acquired it got a rare stamp at a very favorable cost, one to be proud of.


Sale of philatelic literature


Lot 234
The Dale & Lichtenstein
Collections (1968-1970)
Estimate $125
Realized $ 95

Lot 261
The Dr. Lewis Reford Collection (1950-1952)
Estimate $100
Realized $ 65

 

The dollars involved with these lots aren’t impressive and that is what makes it all so interesting, little cost but terrific value. There were at least 30 lots of auction catalogues from the past containing details of the sale of a number of famous collections. How often have we heard that a rare stamp is “ex” this or that collection? Well, what if you could see the whole collection nicely displayed in its original catalogue? What an asset that would be.

Here are some of the well known collections that were represented: the Lichtenstein and Dale collections, the Dr. Reford collection, the Caspary, Kaufman, Hewitt, Hicks, Pack and Jarvis collections. We wish we could have them all. But we did put in our bids for a few and got the two lots shown above. Are we happy? You bet!

Modern untagged stamps


Lot 851
Unitrade 614 T1
Catalogue $100
Realized $ 55

Lot 905
Unitrade 998 T1
Catalogue $100
Realized $ 60

How does one make an untagged stamp? This question keeps going through our mind. It’s similar to the question, how can there be so many unhinged early Canadian stamps? Is some very creative but mad professor working in a back room somewhere creating all these special stamps.

What we find so interesting about the “untagged” stamps in this sale is that they are consistently selling for about 60% of their Unitrade catalogue values. This surprises us, and definitely supports the values that Unitrade has shown in its catalogue.

The 2007 Unitrade catalogue, issued last October, greatly expanded the coverage of untagged stamps. We were somewhat skeptical, because we seldom saw these stamps offered at auction and we also found the values hardly varied from stamp to stamp. This didn’t seem reasonable.

But now we have to eat humble pie. The following results show why:

Lot
Unitrade
Catalogue
Realized
850
611
100
60
853
616
100
60
854
618
100
70
855
619
125
90
856
623
125
65
857
624
150
75
861
676
50
22
862
677a
120
60
863
679
125
85
Total
995
587


Average realization : about 60% of catalogue

We conclude that modern varieties selling for 60% of their catalogue values are fairly supportive of those values. Furthermore, most of the prices realized at auction do happen to be fairly similar. We therefore conclude that, based on this small sample, the Unitrade figures are reasonable.

For more details of this sale, please click on the highlights button.

 

 

Eastern will have a public auction on June 23, 2007 and a mail auction on June 27, 2007. Things will be very busy in their office!

 


©2007, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada