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  • L11841 Philatelic Collection of Lord Steinberg - Great Britain Mint Multiples 21 Sep 2011

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    LONDON, WEDNESDAY, 21 SEPTEMBER, 2011 --- Sotheby’s four-day auction of The Philatelic Collection of Lord Steinberg concluded today, bringing a total of £2,648,652 ($4,219,236). Today’s one-day auction comprised Great Britain Mint Multiples and realised £1,134,924 ($1,782,744). Commenting on the collection and the results achieved, Richard Ashton, Sotheby’s Worldwide Philatelic Consultant, said: “The sale of Lord Steinberg’s collection of Great Britain mint multiples followed the trend of the sale held earlier this month. Buyers are becoming increasingly condition-conscious and are targeting rare stamps in the finest condition. These are fetching ever higher prices as evidenced by lot 377, a set of the 1913 Seahorse Issues, which sold for £33,600, more than three times above the low estimate.” The extremely fresh condition of the top lot (11), an 1840 1d. black Plate 7, made it a highly desirable addition to any stamp collection and it resulted in an above-estimate sale price of £180,000 ($282,744). Of the 1840 two pence blues, lot 17, an 1840 2d. blue Plate 1, a very fine and rare block with an excellent provenance, also sold above estimate, reaching £96,000 ($150,797). A superb set of the 1913 “Seahorse” Issues blocks made £33,600 ($52,779) against an estimate of £10,000-120,000. The first sale of British Empire Mint Multiples on 6-8 September 2011 brought a total of £1,513,728 ($2,436,497). The top lot was the unique mint block of the 1927 De Pinedo Air Mail 60c. black (lot 1118). Estimated at £120,000- 150,000, it sold to a Private Collector for £168,000 ($270,413). It ranks as the most important of all Newfoundland and World Airmail blocks, it is among the rarest 20th-century British Empire blocks and it is the rarest of any Italian blocks. The stamps commemorate the 1927 flight to Europe by the Marchese Francesco de Pinedo, who is one of the most famous of all pioneer aviators and without equal among the elite group of Italians who took to the skies. The present example is the sole survivor from the issue of 300 stamps. The second highest price achieved for a British Empire mint multiple was for lot 492, a 1939-51 2½d. Magenta and sage-green Imperforate horizontally from the British Solomon Islands. One of the most important error blocks of King George VI’s reign and the entire British Empire, it sold for £60,000 ($96,576). Among the “Kangeroo Issues” of the Australian Commonwealth, lot 64, a 1913-14 First Watermark ½.d green Imperforate at the base brought £19,200 ($30,904). Lord Steinberg’s family will donate proceeds from the sale to a number of causes and charities with which Lord Steinberg had been associated in his lifetime, including the fund he started with the aim of helping to rebuild Old Trafford, home of his beloved Lancashire County Cricket Club.

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    LONDON, WEDNESDAY, 21 SEPTEMBER, 2011 --- Sotheby’s four-day auction of The Philatelic Collection of Lord Steinberg concluded today, bringing a total of £2,648,652 ($4,219,236). Today’s one-day auction comprised Great Britain Mint Multiples and realised £1,134,924 ($1,782,744). Commenting on the collection and the results achieved, Richard Ashton, Sotheby’s Worldwide Philatelic Consultant, said: “The sale of Lord Steinberg’s collection of Great Britain mint multiples followed the trend of the sale held earlier this month. Buyers are becoming increasingly condition-conscious and are targeting rare stamps in the finest condition. These are fetching ever higher prices as evidenced by lot 377, a set of the 1913 Seahorse Issues, which sold for £33,600, more than three times above the low estimate.” The extremely fresh condition of the top lot (11), an 1840 1d. black Plate 7, made it a highly desirable addition to any stamp collection and it resulted in an above-estimate sale price of £180,000 ($282,744). Of the 1840 two pence blues, lot 17, an 1840 2d. blue Plate 1, a very fine and rare block with an excellent provenance, also sold above estimate, reaching £96,000 ($150,797). A superb set of the 1913 “Seahorse” Issues blocks made £33,600 ($52,779) against an estimate of £10,000-120,000. The first sale of British Empire Mint Multiples on 6-8 September 2011 brought a total of £1,513,728 ($2,436,497). The top lot was the unique mint block of the 1927 De Pinedo Air Mail 60c. black (lot 1118). Estimated at £120,000- 150,000, it sold to a Private Collector for £168,000 ($270,413). It ranks as the most important of all Newfoundland and World Airmail blocks, it is among the rarest 20th-century British Empire blocks and it is the rarest of any Italian blocks. The stamps commemorate the 1927 flight to Europe by the Marchese Francesco de Pinedo, who is one of the most famous of all pioneer aviators and without equal among the elite group of Italians who took to the skies. The present example is the sole survivor from the issue of 300 stamps. The second highest price achieved for a British Empire mint multiple was for lot 492, a 1939-51 2½d. Magenta and sage-green Imperforate horizontally from the British Solomon Islands. One of the most important error blocks of King George VI’s reign and the entire British Empire, it sold for £60,000 ($96,576). Among the “Kangeroo Issues” of the Australian Commonwealth, lot 64, a 1913-14 First Watermark ½.d green Imperforate at the base brought £19,200 ($30,904). Lord Steinberg’s family will donate proceeds from the sale to a number of causes and charities with which Lord Steinberg had been associated in his lifetime, including the fund he started with the aim of helping to rebuild Old Trafford, home of his beloved Lancashire County Cricket Club.

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    L11841 Philatelic Collection of Lord Steinberg - Great Britain Mint Multiples 21 Sep 2011

    Uploaded by

    Gavel
    LONDON, WEDNESDAY, 21 SEPTEMBER, 2011 --- Sotheby’s four-day auction of The Philatelic Collection of Lord Steinberg concluded today, bringing a total of £2,648,652 ($4,219,236). Today’s one-day auction comprised Great Britain Mint Multiples and realised £1,134,924 ($1,782,744). Commenting on the collection and the results achieved, Richard Ashton, Sotheby’s Worldwide Philatelic Consultant, said: “The sale of Lord Steinberg’s collection of Great Britain mint multiples followed the trend of the sale held earlier this month. Buyers are becoming increasingly condition-conscious and are targeting rare stamps in the finest condition. These are fetching ever higher prices as evidenced by lot 377, a set of the 1913 Seahorse Issues, which sold for £33,600, more than three times above the low estimate.” The extremely fresh condition of the top lot (11), an 1840 1d. black Plate 7, made it a highly desirable addition to any stamp collection and it resulted in an above-estimate sale price of £180,000 ($282,744). Of the 1840 two pence blues, lot 17, an 1840 2d. blue Plate 1, a very fine and rare block with an excellent provenance, also sold above estimate, reaching £96,000 ($150,797). A superb set of the 1913 “Seahorse” Issues blocks made £33,600 ($52,779) against an estimate of £10,000-120,000. The first sale of British Empire Mint Multiples on 6-8 September 2011 brought a total of £1,513,728 ($2,436,497). The top lot was the unique mint block of the 1927 De Pinedo Air Mail 60c. black (lot 1118). Estimated at £120,000- 150,000, it sold to a Private Collector for £168,000 ($270,413). It ranks as the most important of all Newfoundland and World Airmail blocks, it is among the rarest 20th-century British Empire blocks and it is the rarest of any Italian blocks. The stamps commemorate the 1927 flight to Europe by the Marchese Francesco de Pinedo, who is one of the most famous of all pioneer aviators and without equal among the elite group of Italians who took to the skies. The present example is the sole survivor from the issue of 300 stamps. The second highest price achieved for a British Empire mint multiple was for lot 492, a 1939-51 2½d. Magenta and sage-green Imperforate horizontally from the British Solomon Islands. One of the most important error blocks of King George VI’s reign and the entire British Empire, it sold for £60,000 ($96,576). Among the “Kangeroo Issues” of the Australian Commonwealth, lot 64, a 1913-14 First Watermark ½.d green Imperforate at the base brought £19,200 ($30,904). Lord Steinberg’s family will donate proceeds from the sale to a number of causes and charities with which Lord Steinberg had been associated in his lifetime, including the fund he started with the aim of helping to rebuild Old Trafford, home of his beloved Lancashire County Cricket Club.

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    of 1

    +44 (0)20 7293 5000 F +44 (0)20 7293 5989 WWW.SOTHEBYS.

    COM

    Sale Results

    London, Bond St

    Sale L11841 The Philatelic Collection of Lord Steinberg Great Britain Mint Multiples
    Grand Total
    Sold by Lot:
    Sold by Value:

    1,134,924 GBP (1,782,739 USD)


    72.8%
    57.6%

    Lot

    Price (GBP)

    21 SEP 11
    Exch Rate:
    Lots Offered:
    Lots Sold/Unsold:

    1.57
    450
    327 / 122

    Estimate (GBP)

    Buyer

    11
    180,000 ($282,744)
    1840 1d. black Plate 7, S.G.AS44

    130,000 - 150,000

    Private European Collector

    17
    96,000 ($150,797)
    1840 2d. blue Plate 1, S.G.DS5

    60,000 - 70,000

    Private European Collector

    13
    72,000 ($113,098)
    1840 1d. black Plate 8, S.G.AS46

    120,000 - 150,000

    Private Collector

    22
    66,000 ($103,673)
    1840 2d. deep blue Plate 2, S.G.DS7

    80,000 - 120,000

    Private European Collector

    12
    60,000 ($94,248)
    1840 1d. black Plate 8 Thin paper, S.G.AS46e

    70,000 - 80,000

    Private European Collector

    19
    50,400 ($79,168)
    1840 2d. blue Plate 1, S.G.DS5

    60,000 - 70,000

    Private European Collector

    20
    50,400 ($79,168)
    1840 2d. blue Plate 2, S.G.DS8

    60,000 - 70,000

    UK Trade

    6
    50,400 ($79,168)
    1840 1d. black Plate 7 Experimental thin paper, S.G.AS44

    60,000 - 70,000

    Private European Collector

    377
    33,600 ($52,779)
    10,000 - 12,000
    1913 Waterlow & Layton 2s.6d., 5s., 10s. and 1, S.G.N63(2),N66(1),N69(1),N72(3)

    Private European Collector

    2
    30,000 ($47,124)
    1840 1d. grey-black Plate 2, S.G.AS16

    Private Collector

    50,000 - 60,000

    ---PLEASE SEE SEPARATE POST-SALE RELEASE--Specialist in Charge: Richard Ashton


    Press Office Contact: Matthew Floris
    Please note all prices include buyer's premium. Sale session totals are net aggregate figures plus premiums. Sotheby's buyer's premium is 25% of the hammer price on the first 25000,
    20% of the hammer price up to and including 500000, and 12% thereafter on each lot. **Estimates do not include buyer's premium**
    SOTHEBY'S: REGISTERED AT THE ABOVE ADDRESS NO. 874867

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