Canadian Flag

Canadian Stamp Auctions

Recent Auction Highlights

9 December, 2008 - Robert A. Siegel Auction Galleries

In early December Robert A. Siegel held a sale of U.S and Confederate States Postal History in New York City. The sale included 84 lots of fine quality Canadian stamps. If it weren’t for the present economic conditions, there probably would have been a number of good prices. But those days seem behind us. If anything, it now seems to be a buyer’s market as the following realizations will show.

We have converted the prices realized at the rate of $1.00 U.S. = $1.25 CDN.

 



Lot 2750
Scott 1
Catalogue $2,300
Realized $937



Lot 2754
Scott 4a
Catalogue $720
Realized $437

 



Lot 2759
Scott 18b
Catalogue $5,000
Realized $812

 



Lot 2770
Scott 56 NH
Catalogue $275
Realized $531



Lot 2773
Scott 57 NH
Catalogue $290
Realized $625

 



Lot 2801
Scott 72a LH
Catalogue $600
Realized $175


 



Lot 2809
Scott 141a-145a
Catalogue $900
Realized $437



Lot 2824
Scott 195c-200a NH
Catalogue $2,160
Realized $469

 



Lot 2830
Scott 387a
Catalogue $10,000
Realized $9,375

 



Lot 2831
Scott C5b NH
Catalogue $1,000
Realized $469

 

Comments

Since September, we have seen a number of significant auctions of Canadian stamps in Canada and the U.S. Looking at the prices realized clearly shows a downwards trend in prices.

In this sale, most of the lots highlighted above represent stamps of very fine quality. These were sold at prices that are only average at best, even where they exceeded catalogue. We wish we could ignore these trends, but that would be closing our eyes to the reality of the situation. The winners in this kind of situation are those who take advantage of it, screw up their courage, and purchase the finest examples at prices which, years from now, will make them very happy. We’ve seen it before and we will see it again.


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