Canadian Stamp Auctions
Recent Auction Highlights
21 January, 2009 - H.R. Harmer Inc.
"Mount Royal" Collection
Part III of the ”Mount Royal” collection was, like the first two Parts, quite extraordinary. Part I took place last spring at the height of the market. It produced 67 new record prices. Part II, held last October, produced only 23 and Part III, just held, produced 7.
These figures are very representative of the prices realized in these sales and of the stamp auction market in general. Since September, stamp auction prices have been on the decline. This is true for rare old classics, but also for modern varieties. What shocked us particularly were the large number of valuable stamps than didn’t even sell.
Apart from the prices, the quality and abundance of old and modern rare stamps in these sales can only be described as extraordinary. We can see why Harmers split the sale up into three parts. The market can only take so much. It’s just too bad the international economic meltdown had to occur during the last two parts of the sale. It is seldom one sees so many plate blocks and sheets of such rare material, particularly the modern varieties. It’s almost hard to believe such material exists.
Well, enough comments!
Let’s have a look at some of the highlights. The prices realized
have been converted at the rate of $1 US = $1.27 Cdn.
We must admit we did not have high expectations for this sale. But, we have to be impressed by some of the realizations shown above. It is clear there are still bidders out there determined to chase material that is either rare or of exceptional quality. It is also clear that the softening of the market continues. Many of the bids in this sale were well below the recent year’s record prices. As a result, many of the patterns or trends that developed over the last few years no longer exist and it will be very hard to guess how the stamp auction market will develop over the next year. We will watch carefully and with great interest and keep our viewers advised.
This sale had 7
new record prices: