Canadian Stamp Auctions
Recent Auction Highlights
May, 2009 - Eastern Auctions Ltd.
We have searched all our records carefully and have no previous record of the sale of this variety with the hairlines. This in itself is quite surprising. It is listed in the Unitrade catalogue but a price is only given for a used copy. That price is $25. This almost sounds like a joke as Scott 111 is one of the rarest and valuable stamps in the Admiral set. A year ago a copy sold for $1,350,
So this mint pair is clearly unusually scarce. It was F-VF with light gum wrinkles. Eastern put an estimate of $175 on it and it sold for $210. When we think of how many Admiral specialists there must be out there, let alone variety collectors, we have to think that this was a real coup for the successful bidder….well done!
This was a beautiful
copy of this variety in VF NH condition and it came without the usual
gum wrinkles. The best price achieved at auction was $925 in 2008 at
an earlier Eastern sale. Copies of the stamp appear regularly at auction
and they have never sold for anything close to the $1,500 catalogue
Unitrade gives a value of $2,500 for an inscription block of 6 but provides no value for a block of 4. Eastern decided to put a value of $2,400 on the above block which seemed reasonable in the circumstances, but it only went for $650.
It seems this variety
may be overvalued in the catalogues. Inscription blocks of 6 have sold
at auction for prices ranging from only $600 to $1,150 since the variety
first appeared, always well below catalogue. In fact they never reached
50% of catalogue.
Arrival of the New 2010 Scott Catalogue
Just around the
time this sale took place, the 2010 Scott Catalogue appeared in Canada.
We will be doing a review of the changes in the catalogue in our next
Commentary on June 17, 2009.