29-03-2015 – 31-03-2015
Hong Kong Auction
Top price for Wu Hsu Kiangnan Dollar at Stack’s Bowers and Ponterio Hong Kong auction
Anchored by the W & B Capital Collection, the April 2015 Stack’s Bowers and Ponterio Hong Kong auction was another major success for the firm. Bidders actively competed for coins, banknotes, medals, and other Asian numismatic items offered. The total price realized of $8,983,418 exceeded the high end estimate by $1,640,000 (all prices include the 19.5% buyer’s premium).
10228: CHINA. Kiangnan. 7 Mace 2 Candareens (Dollar), CD (1898). NGC MS-65. Price Realized: $418,250.
The top price realized in the sale, at $418,250 was lot 10228, an exceptional gem example of the Wu Hsu Kiangnan 7 Mace 2 Candareens, CD (1898) graded MS-65 by NGC, originally estimated at $70,000-$90,000.
10257: CHINA. Pattern Tael, Year 29 (1903). Tientsin Mint. PCGS SP-63 Secure Holder. Price Realized: $262,900.
Taking second place was lot 10257, a Specimen Pattern Tael from the year 29 (1903), struck in silver at the Tientsin Mint and graded Specimen-63 by PCGS; it realized $262,900.
13221: HONG KONG. Mercantile Bank of India Limited. 50 Dollars, 1.7.1935. P-240a. Price Realized: $47,800.
Lot 13221 realized the top price for a bank note, as a beautiful Mercantile Bank of India $50 note graded AU-58 by PMG brought $47,800 against a $12,500 to $17,500 estimate.
10215: CHINA. Chihli (Pei Yang). Tael, Year 33 (1907). NGC MS-63. From the W&B Capital Collection. Price Realized: $161,325.
“Prices for vintage and classic Chinese rarities were very robust overall, and demand was insatiable from specialist collectors,” said Richard Ponterio, Executive Vice President. “We were quite pleased with the results, and we had a 90% sell through rate for the sale.” Nirat Lerchitvikul, Director of Asian Operations for Stack’s Bowers Galleries added, “We are very pleased with the results and they directly reflect our continued leadership in the Asian numismatic marketplace.” Mr. Ponterio noted: “While the market for the classics is strong, modern issues are still below the market heights achieved in August 2011. Good opportunities abound for modern rarities right now, at the current levels.”
For a complete list of prices realized, please visit the website of Stack’s Bowers.