Stamp Community Family of Web Sites
Thousands of stamps, consistently graded, competitively priced and hundreds of in-depth blog posts to read
Stamp Community Forum
 
Username:
Password:
Save Password
Forgot your Password?

Welcome Guest! Need help? Got a question? Inherit some stamps?
Our stamp forum is completely free! Register Now!

Sotheby's Selling "The Earliest Known Example Of The 1840 Penny Black"

Next Page    
 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 19 / Views: 1,052Next Topic
Page: of 2
Valued Member

95 Posts
Posted 11/30/2021   10:32 am  Show Profile Bookmark this topic Add Prexie3c to your friends list Get a Link to this Message
Lot 30 of Sotheby's upcoming Treasures sale on December 7 - "The Wallace Document. The World's First Postage Stamp: The Earliest Known Example of the 1840 Penny Black".

Estimated at a mind-blowing 4-6 million pounds.

https://www.sothebys.com/en/buy/auc...ge?locale=en

(I am surprised the item was consigned to an auction house specialising in fine art and luxury items. I thought the vendor would have consigned it to a philatelic auction house.)
Send note to Staff

Pillar Of The Community
United States
647 Posts
Posted 11/30/2021   11:15 am  Show Profile Bookmark this reply Add classic_paper to your friends list  Get a Link to this Reply

Quote:
(I am surprised the item was consigned to an auction house specialising in fine art and luxury items. I thought the vendor would have consigned it to a philatelic auction house.)

Don't be. Sotheby's, Christie's, and the like have a reach unmatched by any philatelic auction house, and anyone--collector, dilettante, or otherwise--remotely interested will hear about a Sotheby's sale. The reverse isn't necessarily true.

Remember, the would-be buyer isn't restricted to a philatelist with the means to buy it, it's open to anyone with the means to buy it.
Send note to Staff  Go to Top of Page
Edited by classic_paper - 11/30/2021 11:15 am
Valued Member
United States
222 Posts
Posted 11/30/2021   11:53 am  Show Profile Bookmark this reply Add Richard Frajola to your friends list  Get a Link to this Reply
calls to mind "Fishing for a whale with a bamboo fishing pole and a worm"
Send note to Staff  Go to Top of Page
Pillar Of The Community
United States
3927 Posts
Posted 11/30/2021   12:20 pm  Show Profile Bookmark this reply Add Partime to your friends list  Get a Link to this Reply
There is a very long discussion of this item on another forum. An interesting discussion that is pointing towards the distinct possibility that one can't provide any proof to the claims made in this auction
Send note to Staff  Go to Top of Page
Pillar Of The Community
United Kingdom
6389 Posts
Posted 11/30/2021   1:04 pm  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Well, it's certainly given Glenn a chance to get exercised!
Send note to Staff  Go to Top of Page
Valued Member
United Kingdom
50 Posts
Posted 12/01/2021   05:30 am  Show Profile Bookmark this reply Add Nuc5 to your friends list  Get a Link to this Reply
The stamp may well be considered an investment opportunity for a 'non philatelist' who will lock it away to hopefully appreciate in value.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United Kingdom
6389 Posts
Posted 12/01/2021   05:34 am  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
The suspicion is that, given what the vendor originally paid for,the lot, the hope is to find a non-stamp collector. But you're relying on finding more than one bidder ready to blow millions without due diligence - not impossible, of course.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United States
647 Posts
Posted 12/01/2021   12:19 pm  Show Profile Bookmark this reply Add classic_paper to your friends list  Get a Link to this Reply

Quote:
But you're relying on finding more than one bidder

Nope, you only need one, so long as they bid at or above the reserve.
Send note to Staff  Go to Top of Page
Valued Member
Learn More...
United States
154 Posts
Posted 12/08/2021   2:49 pm  Show Profile Bookmark this reply Add BobInRye to your friends list  Get a Link to this Reply
Looks like it might not have sold as the sale was yesterday and none of the last three lots (the penny black was the final lot) have "LOT SOLD: XXX,XXX GBP".
https://www.sothebys.com/en/buy/auc...-2?locale=en
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
8179 Posts
Posted 12/08/2021   3:04 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
There is hope for humanity.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
8179 Posts
Posted 12/08/2021   8:00 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
Send note to Staff  Go to Top of Page
Valued Member
Learn More...
United States
154 Posts
Posted 12/08/2021   8:27 pm  Show Profile Bookmark this reply Add BobInRye to your friends list  Get a Link to this Reply
Positive outcome for sanity, truth in advertising, and collector intelligence
Send note to Staff  Go to Top of Page
Pillar Of The Community
Canada
1203 Posts
Posted 12/08/2021   9:59 pm  Show Profile Bookmark this reply Add gmot to your friends list  Get a Link to this Reply
Don't typically read the Aussie forum, but numerous folks on there poked some serious holes in the claims made by the owner/Sothebys. An interesting read.
Send note to Staff  Go to Top of Page
Pillar Of The Community
United Kingdom
6389 Posts
Posted 12/09/2021   01:41 am  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
The question is, where do you go from here? I suspect that you only have one shot at trying to induce people to bid at that sort of price.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
6379 Posts
Posted 12/09/2021   07:58 am  Show Profile Bookmark this reply Add stallzer to your friends list  Get a Link to this Reply
I'm one of the forum moderators on the Aussie board and I can state that the people chiming in there are very knowledgeable in this area and I'm betting they are correct.
Send note to Staff  Go to Top of Page
Pillar Of The Community
Learn More...
United States
5426 Posts
Posted 12/09/2021   09:30 am  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
Final score:

Sanity: 1
Puffery: 0
Send note to Staff  Go to Top of Page
Page: of 2 Previous TopicReplies: 19 / Views: 1,052Next Topic  
Next Page
 
To participate in the forum you must log in or register.


Go to Top of Page
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Stamp Community assumes no liability for errors. Copyright 2005 - 2022 Stamp Community Family - All rights reserved worldwide. Use of any images or content on this website without prior written permission of Stamp Community or the original lender is strictly prohibited.
Privacy Policy / Terms of Use    Advertise Here
Stamp Community Forum © 2007 - 2022 Stamp Community Forums
It took 0.25 seconds to lick this stamp. Powered By: Snitz Forums 2000 Version 3.4.05