Topic: Stacks Hong Kong Results

[Slabman]

Here is the link to the results last night

http://stacksbowers.com/auctions/AuctionLots.aspx?AuctionID=194&SessionID=345

Current bid is the final price without buyers premium.  You will need to add 20% I think. 

I stayed up until 2:00am EST to bid on one lot.  My impression was that results overall were good and prices were firm, with the exception of a couple of lots.  However I did not compare specific prices so I cannot be sure...I am still a little tired.  There appeared to alot of bids in the room and competition for certain lots.  I did notice that 69 grades did not receive significant premiums when there was a 68 or 67 lot of the same coin. Also prices for 68 grades were almost the same as 67.  I find this interesting since I think it is harder and harder to find 69 grade coins.

I also think there were a few surprises.  The 20 ounce dragon/phoenix's sold for about $5000K, probably due to low grade.  Also, I just noticed the 1984 goldfish set hammered at $6K before BP, I don't follow these so I am not sure why all the bidding.

[GoldMedal]

how about those perfect 70?

[fwang2450]

"I just noticed the 1984 goldfish set hammered at $6K before BP, I don't follow these so I am not sure why all the bidding"

1984 goldfish is extremely rare. The 1990 set is what is often seen on the market.

[BobW]

It seemed to me that very few lots sold below the Stack's estimate and few sold above it. The internet and phone bidders did not win many auctions. Prices realized were typically below eBay prices by a rather significant amount even when the 17-1/2 buyers premium was added in.

[GoldMedal]

17-1/2 buyers premium ? not 19.5%?

[BobW]

5. Buyer’s Premiums. A Buyer’s Premium of seventeen and one-half percent (17 1/2%) (minimum $15) will be added to all purchases of individual lots (except for reacquisitions by Consignors), regardless of affiliation with any group or organization, and will be based upon the total amount of the final bid.

[Jay]

With a big auction like HK, it is also very interesting to note which coins were not even offered for sale.  This reflects the growing scarcity of the better date pandas.  It also tells a me that the better coins are in strong hands with not sign of fear deiven selling.  The bull market is not over.

[Hippanda]

Yes, that is a very good sign.