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Wa She Wong Auction, Hong Kong Report

Just a quick auction report. I am at the Wa She Wong auction, presented by Ponterio and Associates in Hong Kong at the moment. The first 200 lots took four hours! Over 300 people packed the room, and floor bidders were the most active I've ever seen at any coin auction. Lots were bid from $100 to $27,500, $700 to $70,000 etc. Several lots in the six figures and almost every lot selling for multiples of the presale estimates. While the presale estimates were conservative, the realizations truly show the strength of the Chinese market at the moment, and that the Chinese market appreciates a great pedigree as much as we do in the U.S. (Wa She Wong was a well known dealer (and collector) who operated three coin and stamp shops in Hong Kong during the 1980s - he was putting together a complete collection of China, including all the rare patterns before passing away a decade ago). I'll write more when the auction finishes. __________________________
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I give away money. I collect money.
I don’t love money . I do love the Lord God.
Gary
I Was Wrong- Auction Report
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