Canadian Stamp Auctions
Recent Auction Highlights
October, 2009 - Eastern Auctions Ltd.
By way of provenance, this stamp had previously been sold for $6,700 in the sale of the E. Carey Fox collection in 1968. It appeared again in 1988, when it went for $30,000 as part of the Sam Nickle collection. It seems the stamp has been changing hands every 20 years or so.
While the price
realized in this sale was less than catalogue, it is the 3rd highest
price paid at auction in the past 10 years for a used copy of the 12p
4 - Mint copy
What a lovely copy
of this 1982 three pence beaver, printed on wove paper. It came with
part original gum. In recent years a number of mint copies of this stamp
have sold for prices ranging from $900 to $4,750, with no particular
trend. So, it would have been difficult to guess what price it would
have attracted in this sale beforehand.
The 10¢ plum is by far the most valuable stamp in the Admiral set. This exceptional block of the 10¢ with the accompanying lathework couldn’t be more desirable. Eastern explained how rare it was:
“In our research for a comparable multiple of the Ten cent plum with Type A lathework, the famous Harry Lussey collection only had a mint block of four and a corner pair; the George C. Marler collection only showed a hinged mint strip of three and a block of eight with incomplete lathework with faults.”
The above block was never hinged and contained an unlisted clear “double lathework” variety.
According to Boggs,
lathwork was added to the bottom of the Admiral sheets to aid in the
detection of the wear of the plate. The practice began in 1917 and was
discontinued in 1924.
We find these blocks with pyramid guidelines so attractive. The upper pair in the block was LH and the lower pair NH. Eastern called this the scarcest of all the pyramid guideline blocks.
A single copy of Scott 117 in NH condition has a Scott value of $120 and in LH condition $47.50. So the combined Scott value for the above block would be $335.
Unitrade puts a value of $3,000 on it because of the guidelines, or about 10 times the Scott value.
But the competition to acquire the block pushed the price up to 50% above even the Unitrade value to $4,750. Pretty impressive!
Coil – Large Borders
We get such a kick when the price for a low denomination stamp soars into the stratosphere like this. Of course, for this to happen, the stamp must be pretty special.
Here is a perfect example. This is one of the least valuable coils. Yet look at the centering, and even better, look at the large borders. It’s as good as it gets.
The other interesting thing about a 1¢ stamp with a $24 catalogue value is that everybody can bid on it, from the well healed collector to one of modest means.
We wish we’d been there to see the competition!
This Eastern sale contained some of the best U.S. stamps we’ve seen in some time at a Canadian auction. Here are some that illustrate this well:
For more details
of the sale, please click on the highlights button.
This sale had 3 new record prices.