The South African Gold Coin Exchange acquires equity in Stephan Welz & Co (Pty) LTD

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December 11, 2012 – The South African Gold Coin Exchange (SAGCE) and The Scoin Shops announced on November 16, 2012 that it has acquired a substantial stake in the South African Decorative and Fine Arts Auction House Stephan Welz & Co.

Mr Alan Demby, Executive Chairman of The South African Gold Coin Exchange and Dr. Fred Scott, Managing Director of Stephan Welz & Co.

The Company was founded in 1968 making it one of South Africa’s long-established Auction Houses. It provides a wide range of services across a full spectrum of Decorative and Fine Arts with offices in Cape Town and Johannesburg.

The tie up creates a one stop shop for all your collectable needs.

“Our decision to invest in Stephan Welz & Co. stems from the synergy that exists between our two companies. Stephan Welz & Co. and SAGCE are established companies with 84 years of combined expertise.  Joining forces will enable us to extend our offering of collectables to our customers, as well as a new channel, such as auctions, to add to our 35 Shops and our various broker networks countrywide” says Alan Demby, SAGCE’s Executive Chairman.

Dr Fred Scott, Managing Director of Stephan Welz & Co. adds: “We are pleased to be associated with the SAGCE and The Scoin Shops. The combination of our expertise, acquired over many years, will enhance the specialist service we offer to collectors and investors alike and create synergies, as we auction coins in addition to our valuation services and our private treaty sales.”

Stephan Welz & Co. will host a Decorative and Fine Arts Auction from Monday 19
November to Wednesday 21 November in Rosebank, Johannesburg featuring SA masters and contemporary art, jewellery, watches, diamonds, furniture, ceramics, silver, books, cars and Persian carpets.

Their second annual Stamp and Coin Auction will be conducted on Wednesday 28
November in Rosebank with public viewings being held on Monday 26 and Tuesday 27
November. The collection on offer is comprehensive with the highlight being an extremely scarce set of Cape of Good Hope Promissory Notes, thought to have belonged to Sir Lowry Cole, Governor of the Cape Colony from 1828 to 1833. With a face value of £443, this lot is expected to reach in excess of R400,000.

This is the website of the SAGCE.

More information on Stephan Welz & Co. is available here.

You can browse through all items of the next auction of Stephan Welz & Co. here.