1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
@SmEagle1795 said:
A shame they didn't end up with 1 million x facevalue for the 1933!
I bet $19M total (didn't see / process "hammer" price) because I didn't think people would want to push it over $20M. Psychological barrier. Kind of like how the Partrick Brasher topped out at $9M.
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Yeah, I don’t really get the signing it thing. Aside from the Dexter D and the Omega omega, a collector signature would be probably be graffiti on a coin.
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
>
I agree, looks obnoxious - his ego probably cost him $2 million
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
>
I agree, looks obnoxious - his ego probably cost him $2 million
Hell of a lot more than $2m when you consider the opportunity costs of buying this for $9.5m in 2014, yikes. Right at the start of a massive bull market.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@tradedollarnut said:
Good thing it was guess the hammer - because apparently not even Sotheby’s can guess the buyer’s fee!
Haha. We have so many threads on how easy it is to calculate the BP in real time, and I've been trained so well on these forums to know "Hammer doesn't matter!"
At some point, I think auction houses should simply change bidding to the final price and back out the fees. Bidding the hammer price seems like a throwback to a bygone era.
@tradedollarnut said:
Good thing it was guess the hammer - because apparently not even Sotheby’s can guess the buyer’s fee!
Haha. We have so many threads on how easy it is to calculate the BP in real time, and I've been trained so well on these forums to know "Hammer doesn't matter!"
At some point, I think auction houses should simply change bidding to the final price and back out the fees. Bidding the hammer price seems like a throwback to a bygone era.
At this point it is all about taking advantage of consignors that don't realize they can bargain for OVER hammer.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
>
I agree, looks obnoxious - his ego probably cost him $2 million
Already defaced on the reverse by multiple prior owners.
He is a designer.
HIS stamp when signed.
Kudos.
@cameonut2011 said:
I'll guess he breaks even roughly at least nominally. $7.5 million all in. All bets are off though if Laura is true to her word that Legend will absolutely win it, and she jumps the bid several million with no underbidder in sight though like the SP66 1794 dollar.
Worst guess ever. 😂 I probably should have checked bidding prior to guessing.
So $7.59 million in July 2002 equals $11.25 million when adjusted for inflation meaning the seller beat inflation by a good amount. Congratulations to the consignor!
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
>
I agree, looks obnoxious - his ego probably cost him $2 million
Already defaced on the reverse by multiple prior owners.
He is a designer.
HIS stamp when signed.
Kudos.
The others initials were tiny. His took half the stamp with that stupid stiletto. Thank goodness he did not mess with the coin or the Jenny block.
@cameonut2011 said:
I'll guess he breaks even roughly at least nominally. $7.5 million all in. All bets are off though if Laura is true to her word that Legend will absolutely win it, and she jumps the bid several million with no underbidder in sight though like the SP66 1794 dollar.
Worst guess ever. 😂 I probably should have checked bidding prior to guessing.
So $7.59 million in July 2002 equals $11.25 million when adjusted for inflation meaning the seller beat inflation by a good amount. Congratulations to the consignor!
But not the S&P 500...or probably not even EE savings bonds.
@cameonut2011 said:
I'll guess he breaks even roughly at least nominally. $7.5 million all in. All bets are off though if Laura is true to her word that Legend will absolutely win it, and she jumps the bid several million with no underbidder in sight though like the SP66 1794 dollar.
Worst guess ever. 😂 I probably should have checked bidding prior to guessing.
So $7.59 million in July 2002 equals $11.25 million when adjusted for inflation meaning the seller beat inflation by a good amount. Congratulations to the consignor!
Congratulations! The first post ever where someone admitted they were wrong. Seriously, it is refreshing.
Comments
Sold 16.75 M
My Saint Set
16,750,000 USD to a phone bidder
$16,750,000 hammer
Hair over 19.5 all in
$19,509,750 with BP
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
The Inverted Jenny Plate Block
4,000,000 USD to a phone bidder
Uh oh, Magenta stopped at $7M!
Estimate was $10M - $15M.
The British Guiana One-Cent Black on Magenta
7,000,000 USD
I think the results show that interest in coins far surpasses interest in stamps.
$19.5 m with juice. Only $8.3m with juice for the ugly magenta stamp.
don't forget the tax!
What did I win?
1933 $20 $19,509,750 with BP
Inverted Jenny block $4,860,000 with BP
British Guiana One-Cent $8,307,000 with BP
Collector
91 Positive BST transactions buying and selling with 56 members and counting!
instagram.com/klnumismatics
I came here to say this. This auction was a nice barometer on the health of stamps vs coins and its clear coins are winning.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
The king is dead. Long live the king!
sorry, it was guess the hammer
Ah, I never look at the hammer. Heritage and the forums have trained me too well!
Still feels good to guess sale price. Not as good as some recent stock bets, but still good
Really nice for the coin market to have the 2013 $10M high water mark beaten finally.
Breaking Bombshell News!!!
Coin market hot! Stamp market dead.
.
.
Estimate:
10,000,000 - 15,000,000 USD
Lot Sold:
19,509,750 USD
.
.
2. The Inverted Jenny Plate Block
Estimate:
5,000,000 - 7,000,000 USD
Lot Sold:
4,860,000 USD
.
.
3. The British Guiana One-Cent Black on Magenta
Estimate:
10,000,000 - 15,000,000 USD
Lot Sold:
8,307,000 USD
.
.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
A shame they didn't end up with 1 million x facevalue for the 1933!
next task is to figure out who won it
A tale of two kings
New world's most valuable coin!
1933 Double Eagle
$16.75M hammer to phone bidder
$19,509,750 with Buyer’s Premium
1918 Inverted Jenny Plate block
$4M hammer to phone bidder
$4,860,000 with Buyer’s Premium
1856 British Guiana One-Cent Stamp
$7M hammer to phone bidder
$8,307,000 with Buyer’s Premium
The auctioneer closed the last lot very quickly compared to the others. Not sure why. Both stamps underperformed the low estimate, and the estimates seemed realistic given previous auction appearances. Stuart Weitzman bought the stamp (I presume) at its last auction appearance for $9.48M. Still the world's most valuable stamp though, by far.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
Were the estimates on the stamps too high and the estimate of the coin low? A little bit, but all three sold.
DL Hansen has the $$$ could be him
I bet $19M total (didn't see / process "hammer" price) because I didn't think people would want to push it over $20M. Psychological barrier. Kind of like how the Partrick Brasher topped out at $9M.
A real bargain because new buyer saved the extra $20 "needed" to monetize it as that was already done at the 2002 auction.
Must have felt they could stretch a bit higher because of that.
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Looks like @ricko was the closest hammer guess at $16,325,000 compared to $16,750,000 actual hammer.
Does he win more than a box of Rice-A-Roni for being an expert on the ultra high end market?
"To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin
Auctioneers generally know exactly who the players are at certain price ranges and knew who would be playing ball and who wouldn't. So when the others dropped out, it was all over and any further dragging things out would just make the reality of how badly that stamp performed sink in a bit more.
Reading a stamp forum, seems a lotta the folks on there take an issue with how he signed it. Not classy or elegant, instead he put a giant freakin' stiletto on it and it looks absolutely horrible in comparison to the other signatures.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
What is the final price exactly? You guys are saying 19.5. Sotheby's shows 18.8.
Yeah, I don’t really get the signing it thing. Aside from the Dexter D and the Omega omega, a collector signature would be probably be graffiti on a coin.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
>
I screencapped all 3 results right after the auctions ended.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
sotheby's had a tiered BP. perhaps it wasn't taken into account by our forumites
more confusion.
maybe numismedia can confirm. I'd like to hear it with the tax, too.
I guess we know the answer to the age old question:
Coins or Stamps
>
I agree, looks obnoxious - his ego probably cost him $2 million
Hell of a lot more than $2m when you consider the opportunity costs of buying this for $9.5m in 2014, yikes. Right at the start of a massive bull market.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Good thing it was guess the hammer - because apparently not even Sotheby’s can guess the buyer’s fee!
Haha. We have so many threads on how easy it is to calculate the BP in real time, and I've been trained so well on these forums to know "Hammer doesn't matter!"
At some point, I think auction houses should simply change bidding to the final price and back out the fees. Bidding the hammer price seems like a throwback to a bygone era.
At this point it is all about taking advantage of consignors that don't realize they can bargain for OVER hammer.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Already defaced on the reverse by multiple prior owners.
He is a designer.
HIS stamp when signed.
Kudos.
My 1866 Philly Mint Set
Yep...I'll say it. That is one ugly stamp...looks like a CVS receipt that went through the laundry.
CC
Worst guess ever. 😂 I probably should have checked bidding prior to guessing.
So $7.59 million in July 2002 equals $11.25 million when adjusted for inflation meaning the seller beat inflation by a good amount. Congratulations to the consignor!
The others initials were tiny. His took half the stamp with that stupid stiletto. Thank goodness he did not mess with the coin or the Jenny block.
But not the S&P 500...or probably not even EE savings bonds.
Congratulations! The first post ever where someone admitted they were wrong. Seriously, it is refreshing.