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$2 Columbian Mnh Full Pane Of 100 - Auction Watch

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Israel
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Posted 06/21/2017   06:49 am  Show Profile Bookmark this topic Add ashuber to your friends list Get a Link to this Message
What an amazing discovery - now it is up for auction with a start price of 600,000 EUR scheduled for August 8 2017.

What do you think it will go for? Should it be split up?

Seems the current owner is flipping it after buying for hammer price of 510,000 EUR in November 2016

Original Story: http://www.linns.com/news/us-stamps...covery.html#

Link to Current Auction: http://cat.auktionen-gaertner.de/?F...KATAUK&CID=1
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Posted 06/21/2017   07:29 am  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
It should not be broken up because of the fact of it being intact contributes to its uniqueness as the only known intact pane for this denomination. Thus, it is an important and valuable show piece. Is the quantity of such individual stamps in such short supply that the pane might be broken up? Sometimes a dealer gets a hold of such a multiple and thinks that they can get more from it if they break it up. However, breaking up unique pieces is considered to be philatelically destructive.
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Edited by jogil - 06/21/2017 07:37 am
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Posted 06/21/2017   07:48 am  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
I find it very interesting that it is staying in Europe to be sold again, rather then going into the Siegel Rarities of the World sale. One would think that such a major US rarity would bring a better price here. I suspect that it will be a hard sell at the price they are starting it; it had a lot of publicity the first time and it did not reach that number and only 9 months will have passed.
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Posted 06/21/2017   1:25 pm  Show Profile Bookmark this reply Add ananthveerappan to your friends list  Get a Link to this Reply
Every time I see an article like this, I always look up at the attic and wonder "Why didn't my grand parents buy these and leave it in the attic for me. !"



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Posted 06/21/2017   1:38 pm  Show Profile Bookmark this reply Add alub to your friends list  Get a Link to this Reply

Quote:
Every time I see an article like this, I always look up at the attic and wonder "Why didn't my grand parents buy these and leave it in the attic for me. !"


Maybe they left something just as valuable, and it's plainly visable and you just are not seeing its value.
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Posted 06/21/2017   2:56 pm  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
When these stamps were issued $200.00 for a full pane was a lot of money. Thus, the dollar values are very scarce or non-existent as full panes because they were not affordable to most. Even today, I would not spend $200.00 on a newly issued pane.
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Edited by jogil - 06/21/2017 2:59 pm
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Posted 06/21/2017   3:01 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
To jogil's point, factoring in inflation that $200 is about $5418.00 in today's money.
Don
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Posted 06/21/2017   4:30 pm  Show Profile Bookmark this reply Add Douglas Andrew Willinger to your friends list  Get a Link to this Reply
The breaking up of sheets of early US stamps alas continues to recent times; just see this Siegal power search on Scott 113, with it happening between 2011 and 2013:

https://siegelauctions.com/lot_grd....rade=&symbol[]=All&realized1=&realized2=&recsperpage=10&sea_name=&pscolumn=default&sortord=DESC&calledfrom=lkp&win=orwzgq&sea_emailflag=on
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Posted 06/21/2017   6:14 pm  Show Profile Bookmark this reply Add hy-brasil to your friends list  Get a Link to this Reply

Quote:
Every time I see an article like this, I always look up at the attic and wonder "Why didn't my grand parents buy these and leave it in the attic for me. !"

You probably know that time traveling to US post offices is not possible anymore, due to laws passed in 2135 for the USPS Mail & Snack Bar Corp. They got ticked off by one too many news reports of 75-year-old mail being found in disused machinery. So I told the grands to buy the sheet, but they didn't have the cash.

I had to come back and buy antique bills to give to them. Expensive, but smart, eh? I got back and found silverfish and a sheet full of holes.

I went back with a mint sheet file and storage instructions, came back and found 3c commemorative panes in it with a big brick of panes stuck together underneath it. Curious, I went back in time to visit the parents, who I found had sold the saved sheet and also were told "buy sheets". They had taken the money and plowed it into 3c commemoratives.

I went back again to the grands and told them the sheet MUST be saved for the grandchildren. When I got back there was nothing. Traveling back in 5 year jumps, I discovered my 6-year-old self finding the sheet, licking and sticking them on any envelopes around. Then 6yo me took the "mail" and dumped it in the corner mailbox.

So I went back to the grands once again and explained the sheet should be kept from curious children. I came back and there was no house, no records of my parents. I can only guess the grandparents had apparently got sick of my visits and decided not to have children. That explains why I returned here as a cuttlefish.

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Posted 06/21/2017   6:33 pm  Show Profile Bookmark this reply Add cjpalermo1964 to your friends list  Get a Link to this Reply

Quote:
I find it very interesting that it is staying in Europe to be sold again, rather then going into the Siegel Rarities of the World sale. One would think that such a major US rarity would bring a better price here.


Not necessarily. People buying at the >$500,000 level are in a position to travel the world for what they want, or use an in-country agent. They are registered with Gartner and similar houses and get their catalogs (or are alerted by phone by their agents). The seller may be more comfortable with Gartner since that house already knows the lot, or there could be language issues. In any case, Siegel is not the center of the philatelic universe and not everyone is a fan of Scott Trepel. The Feldman house in Switzerland has sold rarities at the same stratospheric level, such as the Mauritius plate and the Bombay cover.
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Posted 06/21/2017   7:20 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
The Mauritius plate and the Bombay cover make sense, they are not US items. But the biggest market for US material is still in the US. And people who can afford it have other things to do besides look at stamps. But if I was even thinking of spending that kind of money I would want to see the sheet myself first. Being a fan of S.T. is not the point, selling the item is. I have my doubts that it will in any case.
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Posted 06/21/2017   11:26 pm  Show Profile Bookmark this reply Add ananthveerappan to your friends list  Get a Link to this Reply
Ha Ha. Good one hy-brasil
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Posted 06/22/2017   6:59 pm  Show Profile Bookmark this reply Add codehappy to your friends list  Get a Link to this Reply
People in the market for six-figure US stamps absolutely follow all of the large overseas auction houses (or, more likely, delegate that work to a paid agent). It's not going to hurt the realization.

It's a small world nowadays. Even humble collectors like you or me can follow and bid with many European auction houses; they helpfully list their catalogues online, you can often bid remotely in real time with audio or video from the floor, and the majority of their lots go to collectors from other countries. Yes, the shipping is more expensive than buying domestic, but if they have material I really want and I can't get it elsewhere, that's not a sufficient deterrent. To the likes of a Bill Gross, it's not remotely an obstacle at all.
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Posted 06/22/2017   7:47 pm  Show Profile Bookmark this reply Add revcollector to your friends list  Get a Link to this Reply
If Bill Gross wanted it he would have bought it last November. It was a well publicized find and auction. Anyone willing to pay the opening of the coming auction at that time would own it now. Every major player with an interest who is in the high end of the hobby has already seen it or had someone look at it for them at the time. So unless one of the underbidders has suddenly decided to raise the bid significantly I wonder who will be willing to bid 600,000 Euro plus 20% (about $812,000 total just to open) to own this.
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Posted 06/22/2017   9:04 pm  Show Profile Bookmark this reply Add Douglas Andrew Willinger to your friends list  Get a Link to this Reply
Mystic?
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Posted 06/23/2017   1:21 pm  Show Profile Bookmark this reply Add billw2 to your friends list  Get a Link to this Reply
" People in the market for six-figure US stamps absolutely follow all of the large overseas auction houses (or, more likely, delegate that work to a paid agent). It's not going to hurt the realization. "

Bingo.

And if you collect anything remotely specialized, trust me, when something you need pops up for auction you'll hear about it.
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