Spink acquires Smythe
IstilllikeZARcoins
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Dear Clients and Friends,
We are pleased to announce that two of the most established auction houses on both sides of the Atlantic are joining forces for the benefit of all collectors. Spink, the world’s leading auctioneers of coins, stamps, medals and banknotes, based in London and established 1666, has agreed to acquire Smythe, based in New York with over 30 employees and established in 1880. Both Spink and Smythe are known throughout the world for their illustrious histories, impeccable reputations and unparalleled expertise. The merging of these two companies will create a truly unique brand in the world of collectables.
The Acquisition
Spink has agreed to acquire the Smythe name as well as assets of the company. John Herzog, owner of Smythe since 1967 along with other family members, will become a shareholder in the company and act as Chairman Emeritus of Spink USA, participating in the development of the combined entity. Mr. Herzog stated, “I could not think of a better company to acquire Smythe. My wife, Diana, and I have been at Smythe’s helm for 40 years, and have tremendously enjoyed building the business and working with clients and collectors. I look ahead with great excitement to the opportunities presented by this joining of forces.” Smythe will operate, in the USA, under the name Spink Smythe beginning in March 2008. This means Spink in the USA will operate as follows:
Spink Shreves Spink Smythe
Stamps Banknotes
Bonds & Share Certificates
Coins
Autographs
Creating a global market leader
To Spink this deal brings an even stronger presence in the American market following the recent acquisition of Shreves Philatelic Galleries. Smythe will benefit from the incomparable expertise, global reach and capital of Spink. Chairman and CEO of Spink, Olivier Stocker, and John Herzog, Chairman Emeritus of Spink USA share the same values for integrity, reputation and tradition in a modern entity striving for excellence. Spink Smythe will retain the heritage firm’s trademark “boutique” approach. In 2007 Spink was already number one globally for stamp auctions and Smythe has led the U S markets in Confederate and Obsolete currency for a decade, and has grown its Federal Currency and Coin areas significantly in recent years.
Mr. Stocker stated “This acquisition is really a wonderful match. It instantly creates a leadership position for Spink in Banknotes, Bonds and Shares and World Coins. We believe it is the perfect strategic move to better service our clients. I am looking forward to creating, with John and Charles, this new dominant player based on a model that has been so successful for us in stamps.”
How you benefit
There will be more specialists with hundreds of years of expertise available for consultation. For the first time in the industry you, as a collector or consignor, will have a truly global experience when buying or selling with Spink Smythe. You will also benefit from Spink’s unparalleled full colour catalogues which are distributed throughout the world for all sales held around the globe.
You will also benefit from new developments at Spink such as Spink Live®, the online bidding platform which allows our clients to watch the auction in real time and bid from anywhere in the world. And as we have well over 50 auctions planned in 2008 it might be difficult to attend them all!
Should you require any further details on the acquisition and the benefits it brings to you, please feel free to contact us and we will be delighted to assist you.
Sincerely,
Olivier D. Stocker John Herzog Charles Shreve
Chairman & CEO, Spink Chairman Emeritus, Spink USA Inc. President, Spink USA Inc.
We are pleased to announce that two of the most established auction houses on both sides of the Atlantic are joining forces for the benefit of all collectors. Spink, the world’s leading auctioneers of coins, stamps, medals and banknotes, based in London and established 1666, has agreed to acquire Smythe, based in New York with over 30 employees and established in 1880. Both Spink and Smythe are known throughout the world for their illustrious histories, impeccable reputations and unparalleled expertise. The merging of these two companies will create a truly unique brand in the world of collectables.
The Acquisition
Spink has agreed to acquire the Smythe name as well as assets of the company. John Herzog, owner of Smythe since 1967 along with other family members, will become a shareholder in the company and act as Chairman Emeritus of Spink USA, participating in the development of the combined entity. Mr. Herzog stated, “I could not think of a better company to acquire Smythe. My wife, Diana, and I have been at Smythe’s helm for 40 years, and have tremendously enjoyed building the business and working with clients and collectors. I look ahead with great excitement to the opportunities presented by this joining of forces.” Smythe will operate, in the USA, under the name Spink Smythe beginning in March 2008. This means Spink in the USA will operate as follows:
Spink Shreves Spink Smythe
Stamps Banknotes
Bonds & Share Certificates
Coins
Autographs
Creating a global market leader
To Spink this deal brings an even stronger presence in the American market following the recent acquisition of Shreves Philatelic Galleries. Smythe will benefit from the incomparable expertise, global reach and capital of Spink. Chairman and CEO of Spink, Olivier Stocker, and John Herzog, Chairman Emeritus of Spink USA share the same values for integrity, reputation and tradition in a modern entity striving for excellence. Spink Smythe will retain the heritage firm’s trademark “boutique” approach. In 2007 Spink was already number one globally for stamp auctions and Smythe has led the U S markets in Confederate and Obsolete currency for a decade, and has grown its Federal Currency and Coin areas significantly in recent years.
Mr. Stocker stated “This acquisition is really a wonderful match. It instantly creates a leadership position for Spink in Banknotes, Bonds and Shares and World Coins. We believe it is the perfect strategic move to better service our clients. I am looking forward to creating, with John and Charles, this new dominant player based on a model that has been so successful for us in stamps.”
How you benefit
There will be more specialists with hundreds of years of expertise available for consultation. For the first time in the industry you, as a collector or consignor, will have a truly global experience when buying or selling with Spink Smythe. You will also benefit from Spink’s unparalleled full colour catalogues which are distributed throughout the world for all sales held around the globe.
You will also benefit from new developments at Spink such as Spink Live®, the online bidding platform which allows our clients to watch the auction in real time and bid from anywhere in the world. And as we have well over 50 auctions planned in 2008 it might be difficult to attend them all!
Should you require any further details on the acquisition and the benefits it brings to you, please feel free to contact us and we will be delighted to assist you.
Sincerely,
Olivier D. Stocker John Herzog Charles Shreve
Chairman & CEO, Spink Chairman Emeritus, Spink USA Inc. President, Spink USA Inc.
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