Stacks to sell Pogue collection with Sotherby's Auction
joebb21
Posts: 4,763 ✭✭✭✭✭
From an Email:
Stack's Bowers Galleries and Sotheby's to Present
The D. Brent Pogue Collection and Other Properties
IRVINE, CA — Stack's Bowers Galleries and Sotheby's are delighted to announce that they have entered into a multi-year agreement to jointly present a series of numismatic auctions at Sotheby's global headquarters in New York City. The first of these auctions will take place May 19-20, 2015, highlighted by Part I of the D. Brent Pogue Collection — the most valuable collection of federal American coins in private hands — followed the next day by an exclusive sale featuring numismatic rarities from various owners.
"We are delighted to be working with the team at Sotheby's to present the unrivaled D. Brent Pogue Collection as well as other properties," said Greg Roberts, CEO of Stack's Bowers Galleries. "As numismatists, we appreciate coins for their history and artistry and we fully expect these important numismatic sales to generate international interest, bringing a never before seen worldwide attention to the beauty, history and joy of numismatics."
Stack's Bowers Galleries continues their impressive legacy at the forefront of the rare coin field with over 80 years of expertise, including many of the most important rare coin collections ever to cross the auction block. Sotheby's has been uniting collectors with world-class works of art since 1744, and today presents auctions in ten different salesrooms around the globe.
Sotheby's and Stack's Bowers Galleries have collaborated a number of times to bring iconic numismatic properties to auction, including the Dallas Bank Collection in 2001 and the $7.6 million auction of the legendary 1933 Double Eagle in 2002 that became the most expensive coin in the world.
"It is a pleasure to once again work with Stack's Bowers Galleries. We anticipate a series of sales that will be major events in the numismatic world," stated Maarten ten Holder, Sotheby's Managing Director, Americas.
Stack's Bowers Galleries and Sotheby's will offer the extraordinary D. Brent Pogue Collection across a series of seven auctions. The Collection focuses on copper, silver, and gold coins from the early 1790s to the late 1830s, and includes some of the most important U.S. coins in existence, including the finest known Class I 1804 silver dollar – "The King of American Coins" – and the finest known and only example of the 1822 half eagle in private hands.
The D. Brent Pogue Collection and other numismatic rarities will be exhibited in Sotheby's New York headquarters during Americana Week, from January 17–24, 2015, with other exhibitions to follow at Stack's Bowers Galleries and Sotheby's locations worldwide.
Stack's Bowers Galleries and Sotheby's will be accepting limited consignments of United States and world coins and currency to present to their worldwide clientele. For more information on consigning, please contact:
Stack's Bowers Galleries
Lawrence R. Stack or Christine Karstedt
Phone: 949-748-4849 or 866-811-1804
Email: Consign@StacksBowers.com Sotheby's
Debbie Moerschell
Phone: 212-894-1344
Email: Debbie.Moerschell@Sothebys.com
Stack's Bowers Galleries and Sotheby's to Present
The D. Brent Pogue Collection and Other Properties
IRVINE, CA — Stack's Bowers Galleries and Sotheby's are delighted to announce that they have entered into a multi-year agreement to jointly present a series of numismatic auctions at Sotheby's global headquarters in New York City. The first of these auctions will take place May 19-20, 2015, highlighted by Part I of the D. Brent Pogue Collection — the most valuable collection of federal American coins in private hands — followed the next day by an exclusive sale featuring numismatic rarities from various owners.
"We are delighted to be working with the team at Sotheby's to present the unrivaled D. Brent Pogue Collection as well as other properties," said Greg Roberts, CEO of Stack's Bowers Galleries. "As numismatists, we appreciate coins for their history and artistry and we fully expect these important numismatic sales to generate international interest, bringing a never before seen worldwide attention to the beauty, history and joy of numismatics."
Stack's Bowers Galleries continues their impressive legacy at the forefront of the rare coin field with over 80 years of expertise, including many of the most important rare coin collections ever to cross the auction block. Sotheby's has been uniting collectors with world-class works of art since 1744, and today presents auctions in ten different salesrooms around the globe.
Sotheby's and Stack's Bowers Galleries have collaborated a number of times to bring iconic numismatic properties to auction, including the Dallas Bank Collection in 2001 and the $7.6 million auction of the legendary 1933 Double Eagle in 2002 that became the most expensive coin in the world.
"It is a pleasure to once again work with Stack's Bowers Galleries. We anticipate a series of sales that will be major events in the numismatic world," stated Maarten ten Holder, Sotheby's Managing Director, Americas.
Stack's Bowers Galleries and Sotheby's will offer the extraordinary D. Brent Pogue Collection across a series of seven auctions. The Collection focuses on copper, silver, and gold coins from the early 1790s to the late 1830s, and includes some of the most important U.S. coins in existence, including the finest known Class I 1804 silver dollar – "The King of American Coins" – and the finest known and only example of the 1822 half eagle in private hands.
The D. Brent Pogue Collection and other numismatic rarities will be exhibited in Sotheby's New York headquarters during Americana Week, from January 17–24, 2015, with other exhibitions to follow at Stack's Bowers Galleries and Sotheby's locations worldwide.
Stack's Bowers Galleries and Sotheby's will be accepting limited consignments of United States and world coins and currency to present to their worldwide clientele. For more information on consigning, please contact:
Stack's Bowers Galleries
Lawrence R. Stack or Christine Karstedt
Phone: 949-748-4849 or 866-811-1804
Email: Consign@StacksBowers.com Sotheby's
Debbie Moerschell
Phone: 212-894-1344
Email: Debbie.Moerschell@Sothebys.com
may the fonz be with you...always...
0
Comments
Andrew Blinkiewicz-Heritage
Presumably it has worked out before.
-Paul
<< <i>I think this approach of using Sotheby's is a good marketing approach. Sotheby's will hopefully bring strong global clientele/expsoure to the series of auctions. However, the part of the email where it says "followed the next day by an exclusive sale featuring numismatic rarities from various owners," is a bit peculiar. I wonder how Stacks will work that. >>
Would you want your "numismatic rarities" to appear a day after the big money has already been spent on the main collection?
Andrew Blinkiewicz-Heritage
Agreed.....Of course not.
The other owners coins would have been better being sold during the day of the sale followed by an evening "highlight" Pogue Rarities sale as has been done quite often in the past.
That would also make sure the SB auction venue is up and running smoothly well before the POgue sale.
<< <i>...Would you want your "numismatic rarities" to appear a day after the big money has already been spent on the main collection? >>
If I had a major numismatic consignment, I probably wouldn't want it sold any closer than 3-6 months within Pogue. And better >1 year. One advantage that Pittman, Eliasberg, and Pryor had when they come on to the market in 1995-1997 was that the market was already at the price bottom. Pogue is potentially coming in near all time highs for rarities and high powered material. These big auctions sometimes have a way of showing up near important market bottoms so that remains to be seen. Garrett came right at the 1980 market peak. Norweb in 1987-1988 came in 1-2 years before the market peak. The James Stack quarters and halves went off in a weak 1975 coin and bullion market while the dimes went off at the very peak in January 1990. It all makes for interesting discussion.
While heritage will claim they already have the international clientele, I dont think their auctions bring have remotely the amount of money looking as a sotherby auction does.
Does this mean anyone from Sotherbys side of the world will participate? who knows. But other than that- I think the idea has a lot going for it.
I hope it works in their favor
<< <i>Whose buyer's fee gets utilized? >>
Worrying about buyers fees are for poor people which these coins are most certainly not