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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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Comments

  • bidaskbidask Posts: 14,022 ✭✭✭✭✭
    wasn't that auction a few weeks ago...are they having another one?
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • Something smells fishy!
    Lurker since '02. Got the seven year itch!

    Gary
  • well if the Chinese starting getting interested in US coins there won't be much left for us...........
  • coinkatcoinkat Posts: 23,816 ✭✭✭✭✭
    I suppose I need to start a separate thread entitled-

    I Was Wrong- Auction Reportimage

    Experience the World through Numismatics...it's more than you can imagine.

  • BailathaclBailathacl Posts: 1,042 ✭✭✭
    Troll.
    "The Internet? Is that thing still around??" - Homer Simpson
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