£1 million in stamps sold in one hour at Spink

Last night at Spink a crowd of philatelic enthusiasts gathered to bid in the sale of Important Stamps & Covers. After an hour of selling 122 lots the hammer came down with £1 Million being sold to bidders from around the globe. There was active bidding from both collectors in the room as well as dozens of interested parties bidding via Spink Live, Spink’s live bidding platform. The star lot of the sale was the Mauritius 1848 “Post Paid” block of four which sold for £345,100.
Richard Watkins, Director of Stamps was quoted:
“This sale achieved an outstanding result at over £1 million with many lots fetching above pre sale estimate. The result of this sale, offering a wide variety of world rarities, indicates that the global market for serious collectors remains active and strong with demand for the scarce and rare remaining unabated. Spink will offer a magnificent BNA sale on the 7th June which many viewers have commented is the most outstanding collection to be offered in decades.”
Top Ten Lots:
Lot 1064 Mauritius 1848 “Post Paid” block of four Sold for £345,100
Lot 1034 Greece Olympic Games 1896 mint sheetlets Sold for £80,600
Lot 1065 Mauritius 1848-49 “Post Paid” 2d. deep blue Sold for £53,000
Lot 1097 Russia Ukraine 1918-20 The “Trident” Collection Sold for £43,800
Lot 1080 New Guinea 1914 stamps of Marshall Islands Surcharged Sold for £30,000
Lot 1057 Straits Settlements 1923 Script £500 Sold for £24,250
Lot 1067 Mauritius 1853-55 “Post Paid” 1d. vermilion Sold for £23,100
Lot 1118 USA 1847 5c. red-brown, strip of five on entire letter Sold for £21,950
Lot 1087 New South Wales, 1859, “registered” 6d. Sold for £18,500
Lot 1079 Newfoundland 1927 De Pinedo 60c. black Sold for £18,500
About Spink
Spink is the world’s leading auctioneer of coins, stamps, medals and banknotes. Since its foundation in 1666, the Spink name has become synonymous with tradition, experience and integrity. Holder of three royal warrants and numerous records for prices achieved at auction, Spink offers an unparalleled range of services to collectors worldwide. Spink is headquartered in London and holds over 35 auctions a year around the globe. In June 2006 Spink shattered the world record for a British Coin sold at auction with the sale of the Double Leopard Gold Coin for a staggering £460,000.