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  • Champion Auction 15 Aug 26-28: August 26, 2011 - August 28, 2011

Author Topic: Champion Auction 15 and More to Follow  (Read 1947 times)

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Offline KonaJim

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Champion Auction 15 and More to Follow
« on: August 25, 2011, 02:04:10 AM »
In a few days another auction that has even more ultra-rarities.  This event should draw some record prices.  However, I'm not sure there will be much in the way of values.  Shortly thereafter we'll have the Heritage Auction and the Teutoburger Auction.  This in combination with the Stack's auction that has passed has put a lot of coins on the market.  It will be interesting to see if the market can absorb this many coins at the values these coins are attaining.  These coins will probably go to to stronger hands in that the majority of them will be off the market for some time.  I think this bodes well for the modern Chinese coin market.
« Last Edit: August 26, 2011, 01:27:31 AM by badon »

Offline peng_you

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Re: Champion Auction 15 and More to Follow
« Reply #1 on: August 25, 2011, 04:49:12 AM »
It will be interesting to see if the market can absorb this many coins at the values these coins are attaining.  These coins will probably go to to stronger hands in that the majority of them will be off the market for some time.  I think this bodes well for the modern Chinese coin market.
Well put and i agree. I hope this assumption flourishes to be correct!
Peng_you

Offline badon

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Re: Champion Auction 15 and More to Follow
« Reply #2 on: August 26, 2011, 01:28:53 AM »
I linked this to the calendar, thanks for posting about it. Here's some websites for it:

http://www.cghka.com/english/pmw1.htm

Note: The website addresses at Champion's website go to the wrong website. Try this link instead:

http://www.liveauctioneers.com/browse/seller/championhk

Session 3 is where the modern Chinese coins are being sold:

http://www.liveauctioneers.com/catalog/25882
« Last Edit: August 26, 2011, 01:36:02 AM by badon »

Offline adamc4

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Re: Champion Auction 15 and More to Follow
« Reply #3 on: August 28, 2011, 11:52:41 AM »
Solid prices for 1982 gold fractional Pandas and silver Pandas, strong prices for gold proof Panda sets, strong price for platinum proof Panda, solid price for 1988 Basel Pt. Error, very strong price for 10th Anniversary Panda, very strong price for 1995 1 Oz. gold proof Unicorn, solid prices for 1995 1 Oz. gold proof Pandas, and poor prices for platinum proof Unicorns.

Offline fractalfate

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Re: Champion Auction 15 and More to Follow
« Reply #4 on: August 28, 2011, 12:00:31 PM »
I stayed up (almost) all night watching this one, and just missed out on three big auctions. I just couldn't cough up enough green to beat anyone. It seemed like the internet bidders were getting smoked no matter what they bid. Was this auction actually held in Hong Kong? I got the distinct impression that the big boys were trying to keep these treasures in the mother-land no matter what the cost!

Offline fractalfate

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Re: Champion Auction 15 and More to Follow
« Reply #5 on: August 28, 2011, 12:02:38 PM »
The 1992 G2000Y Compass NGC PF69 went for $1,298,000 and the 1992 G2000Y Lunar Cycle NGC PF69 went for $791K (with auction fees)! This auction was no joke.

Offline adamc4

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Re: Champion Auction 15 and More to Follow
« Reply #6 on: August 28, 2011, 12:03:07 PM »
Yep, it was in Hong Kong. Interesting that you say that about coins flowing from West to East... a very large percentage of all my coins sold this summer have been going to China. Chinese bidders/buyers been gobbling up most of my 2000 gold and silver Pandas.