After announcing one of their most extensive and varied auction offerings of recent years, the results obtained by the team in Geneva were a testimony to their market knowledge and focus on obtaining attractive and fresh material for auction.
On a global basis, 700 clients purchased almost 3,800 auction lots over the 5 days; in addition to live bidding in the auction room and via the internet, there were over 3,500 lots with registered pre-auction bids. This demand translated into competitive bidding on a high percentage of lots, which in turn produced auction-wide per lot hammer prices in excess of 150% of estimates.
A more detailed review by auction content clearly shows the strength of current hot markets like Russia and Vietnam, but also reflects a general improvement in more established areas such as France & Colonies, and also Great Britain & Empire. The enormous quantity of collection lots accumulated from all over the world also found willing buyers from the philatelic business community who had spent many days examining the hundreds of large boxes and albums on offer.
Although the success of the auction was widespread throughout all sessions, there were notable standouts:
- Russia: Imperial, Soviet & Zemstvos – 90% of lots sold for an average of 250% above estimates.
- Egypt & Persia – increased interest in these areas resulted in results covering 100% of total auction estimates.
- Vietnam – strong bidding from 3 continents pushed the Jack Dykhouse collection lots to an outstanding result of EUR 200,000, confirming Vietnam as “the new China” in modern philately.
- India – a specialised section in our “All World” catalogue that achieved EUR 435,000 in sales, with lots selling for 170% of estimates.