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Recent Auction Highlights

1 March, 2008 - Eastern Auctions Ltd.

This was one of those Eastern auctions in which our patience was sorely tested as we waited for the results to arrive. Even before we received the prices, it was clear that this was no ordinary auction. The catalogue was filled with rare items of a high quality from one end to the other. Our expectations were high!

While we were principally interested in the Canadian stamps, we couldn’t help but note the extraordinary price paid for a first day cover of Britain’s two pence Mulready envelope. Issued in 1840, it sold at this auction for $125,000. Further details are provided below.

We will limit our comments on the stamps that follow in order to allow you, our viewers, the pleasure of looking at some of the best stamps in the auction. In all, there were 22 new record prices and a number of them resulted in noticeable increases. As well, there were 8 stamps that sold for their second highest prices.

Early classics



Lot 1172
Unitrade 4ii
Catalogue $4,000
Realized $2,800


Lot 1173
Unitrade 5i stitch wkmk.
Catalogue $5,000
Realized $3,500



Lot 1182
Scott 10
Catalogue $15,000
Realized $22,000


Lot 1183
Scott 11
Catalogue $2,400
Realized $12,500


First Cents issue



Lot 1191
Unitrade 14viii
Catalogue $1,000
Realized $900



Lot 1194
Scott 15
Catalogue $450
Realized $2,500



Lot 1199
Scott 17b
Catalogue $900
Realized $5,250



Lot 1210
Scott 19
Catalogue $900
Realized $4,000




Lot 1213
Scott 20
Catalogue $600
Realized $1,250


Large Queens



Lot 1216
Scott 21
Catalogue $80
Realized $800



Lot 1227
Scott 24b
Catalogue $650
Realized $1,400



Lot 1236
Scott 27
Catalogue $1,500
Realized $5,000



Lot 1245
Scott 29a
Catalogue $$1,200
Realized $4,250


Jubilee



Lot 1281
Scott 59
Catalogue $500
Realized $2,100


Quebec Tercentenary



Lot 1333
Scott 101
Catalogue $375
Realized $1,800


Officially Sealed



Lot 1518
Unitrade OX2a
Catalogue $5,000
Realized $4,250


Of the above sixteen stamps, eleven resulted in new record prices. Perhaps the most remarkable was the amount paid for Scott 11, shown as lot 1183 above. The previous record set for this stamp was $2,800 paid in 2000, some 8 years ago. The new record of $12,500 is a remarkable advance. We note that this is the first mint copy of investment quality of this stamp that we have recorded since 2000. It isn’t easy for collectors of early Canada to complete their collections when stamps like this appear so rarely.

Another result of note was the $1,800 paid for Scott 101, lot 1333 above. This was about 5 times catalogue. Unlike Scott 11, this stamp sells regularly at auction. It was only in 2006 that its price crossed the $1,000 mark for the first time, reaching the then record of $1,232. Now it has leapt to $1,800, an astounding new record.


Mulready Letter Sheet - First day cover



Lot 1008
GB U4
Estimate $20,000
Realized $125,000

This first day cover is one of only nine that exist. It is dated May 6, 1840 and has been clearly canceled with the red Maltese Cross on the front and a clear dispatch date stamp on the reverse. It was sent from London to Holyhead, Anglesea, Wales. We wonder how many non-Canadian stamps have sold for a price this high at a Canadian auction. We suspect Eastern is kind of proud of this achievement.

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

This sale had 22 New Record Prices:

Scott
Description
NRP
Previous NRP
4ii
3d Orange red
2800
2137
5i (u)
6d stitch watermark
3500
3000
11
1/2d rose
12500
2800
14viii
1 rose, 12 x 113/4
900
425
15
5 vermillion
2500
2,300
17b
10 brown
5250
2,900
21
1/2 Large Queen
800
500
23
1 Large Queen
2600
1,700
27
6 Large Queen
5000
3,920
29a
15 Large Queen, watermarked
4250
3,250
33 (u)
3 Large Queen, laid paper
2400
2,000
69
3 Maple leaf
450
350
72
8 Maple leaf
1050
900
76
2 Numeral
425
336
77d
2 Numeral imperf pair die II
1500
1,225
92a
7 Ed. VII imperf. pair
750
717
93a
10 Ed. VII imperf. pair
1150
1,008
101
10 Que. Tercentenary
1800
1,232
1171c
44 Walrus 13.8 x 13.1
475
430
77b
2 Numeral complete booklet
2500
2,121
C2
5 Airmail
280
162
OX2a
Officially sealed - imperf. pr.
4250
2,900


©2008, Canadian Stamp Auctions Ltd., Montréal, Québec, Canada