billw2 wrote:I'll bet that any serious collector of this type of stuff knew darn well that this sale was going on
bet you lost Bill.
You do not collect Australia, and you do not live here, and have ZERO
clue who here buys what, or WHAT they knew. But as usual, you are a self-professed "Expert" on such matters from 10,000 miles away.
I know you are so busy getting your common American stamps numerically graded "98", that you doubtless have not had time to READ all this thread, before offering your nonsensical, and totally incorrect view.
So I repeat Bill, as you clearly were not reading, there were MANY serious collectors of this material who did not have a CLUE this sale was taking place. The Doctor outlined below, for one, who can write cheques for 6 figures at will. Does not live in Victoria and is not a member of RPSV, and never knew the sale was taking place, and never saw a catalogue. FACT.
Phoenix or Abacus I suggest again, would have obtained FAR
higher prices. Why? As both have the brains to ADVERTISE
in advance, such major sales to the collectors in this country. Our Doctor gets "Stamp News"
, each month, and ditto for MANY other serious buyers, who Spink have never
Spink did not get to them - not a stamp magazine ad to be seen here. Not a single post from Spink here showing highlights, or advising sale date etc - and they are members. THAT costs them ZERO. Too lazy, and too incompetent, and too disinterested. The record clearly shows that.
The often appalling Chartwell results were a sad aberration, that do not reflect the real marketplace here.
Allan Grant from Rushstamps UK MADE A MILLION DOLLARS PROFIT
buying China stamps at a UK auction, and sending them direct to the CORRECT place to sell them - Hong Kong. Does that mean China stamp prices are stuffed? Nope, it shows the original vendors were idiots. The REAL
cashed-up buyers had no idea of the original offering.
The material did not NEED to be offered here of course. Charles Shreve in New York showed just how well it could be done, when offering the Arthur Gray Kangaroos - which invoiced for $A7,125,000.
HE was savvy, beat the drum widely, ran ads here, supplied all concerned with great scans and advance info, and the sale was an absolute roaring world record success.
Local BUYERS would have got far more bang for their buck if offered here - no UK VAT to pay, no insane Spink credit card gouges, and no inward 10% GST on the goods.
Spink have proven in recent times to be often incompetent when offering Australia stamps. They might be terrific for classic GB, but we are not discussing that area. Spink FLOPPED
when recently offering the superb Gray Gold Medal winning QE2 Collection, and the equally superb Arthur Gray Stamp Booklet collection.
Appalling results for both. Why? As they did not advertise either in the local stamp magazines, or promote them here on stampboards etc. Did they LEARN from these disasters on how to maximise the Chartwell results? Clearly NOT.
I have the wonderful luxury at my time of career, to CHOOSE
whom I do business with. I choose
not to give one cent to Spink, as in life I do not reward incompetence with my business, and my dollars. I do not "NEED"" any specific item. I buy what I choose.
Could I have made a good profit on the unissued KGV proofs below, and other such flops at Spink Chartwell - of course
I could. I was planning to bid on them at mossgreen at the much
higher level if no other bids emerged, but was sitting next to David Wood! (Phoenix bought them for Cripps/Chartwell.) They are plenty
of buyers for such top end material at WAY over what Spink eked out of them. Good luck to whomever bought them. Savvy buying.
I sent a Swift transfer today for $A45,000 today to another overseas Auction who are less incompetent than Spink, with savvy marketing. Spink's loss. 20% fees on $45,000 is $9000 of fees foregone forever. That pays for lots
of Cucumber Sandwiches and Pimms and Lemonade.
I repeat again - I'd have gladly
paid the Gray family MUCH more than they got from Spink for the Australia Booklets, and bought them ALL - many of which incredibly were unsold on sale day, even at the silly low estimates. Cheque on the spot, no delays, no gouges, no "insurance" fees, no fees, no UNCERTAINTY, no UK VAT taxes etc.
Arthur will doubtless be looking down saying some terrible things about his QE2 and Booklets disaster sales, and there would be many
choice 4 letter words among them.
Global Administrator wrote:
Spink got FAR less
for some superb pieces, than Phoenix or other locally plugged in Auctions would have easily obtained in my view. Not just for the Hugh Morgan material you were so involved with, but the superb ex Hardy and ex Gray material, and trust me, that is the view of MANY
other savvy buyers here.
The recent Spink stamp flops do not represent the real stamp marketplace here I'd suggest, and are an aberration. The less said about this result the better, as it does not
reflect the real market here. I mentally pretend they do not exist, and do not lose any sleep over that decision.
If Phoenix ran it all next week, many Spink cheerleaders would be gobsmacked I'd suggest, at the strong
results it would get locally. The FACTS are that plenty of cashed up folks did not
know about it, or
because it was Spink offering it, simply did not bother getting involved - me for starters. At my stage in career I can CHOOSE
who I support in this business. A lovely position to be in. I do not "need"
any specific stamps in my life or stock.
I was an under-bidder on the large £2 Roo block shown above, and the even better looking 10/- large Mint Roo part sheet at Hardy sale, and as I typed at the time, was a real gem of the sale in my view.
Tom, in the superb material you and Hugh Morgan were involved in a few years back, there was a BUZZ
for months ahead. Ads in local stamp magazines (what a NOVEL idea!) and press stories etc. I did many radio interviews nationally on that upcoming Spink sale for ABC news etc. THAT got you lot of serious bidders, who had never heard of Spink. None
of that occurred for the Chartwell sale that I heard or saw, and Spink have clearly taken their eye off the ball - IMHO.
The superb image from Phoenix HARDY, and the lower than ebay standard washed out image from the Spink cruddy website are above. I'll let you decide which is which
. 8) 8) 8)
I recall halfway during the Hardy Kangaroo sale that David Wood phoned me to tell me excitedly the £1 sideways watermark Roo OS above had just been invoiced (to Chartwell we now know) for $A233,000.
Hand the SAME stamp to Spink, and they get £45,000 Hammer - STUNNING marketing.
I asked David why he was phoning me, if the huge sale was in full progress, and he said he was excited by this world record figure, and that only a couple of dozen lots were unsold from the sale to that point.
I said to him, whatever those lots are, I will buy them, and I'd collect them in person tomorrow at Australia 2013
. David was pretty shocked, and said "But you do not know what they are, and how much they will cost".
I said that did not matter, as Mark Knothe had described them all, and the descriptions would be 100% accurate. So before the sale finished, Phoenix could proudly claim to the room the massive Hardy sale was a 100% sell-out.
A FIRST in Australia for a major stamp sale. MULTI Millions in invoices.
Next day, and I had not even taken them out of the auction cards, as the Phoenix staff had handed them over to me just 5 minutes before. I was idly flipping through the auction cards, when a client walked by with his wife and saw them, and offered to buy them all - sight unseen, and he did just that.
He is a keen Kangaroo collector, and knew this material was not something he’d see again in his lifetime, indeed one 5/- “OS” Monogram item was unique - and I suspect is worth twice now what he paid. (Unless Spink
offer it of course!)
A leading dealer told me that one stamp was, in his view, the howling bargain of the entire Hardy sale. I had in turn bought the material sight unseen, as I was too busy to view it beforehand.
So the material went from the Hardy collection pages, to me, to my client, and neither of us had looked at the reverse of any stamp in the process! And we are talking VERY
serious $$’s here - way
into 5 figures. I just added a modest margin over what I had paid, and flicked the lot. EVERY single one. Paid for our next exotic holiday. 8)
That client, a leading medical specialist, and I, did NOT
get sent the Chartwell catalogue by Spink, and Rod Perry thus assures the world we are both pissant philatelic absolute nobodies, and he is perfectly entitled to his very curious Queensland view.
However, a few more pissant nobody peasants like us, bidding 5 or 6 figures each, and the sale might
have been a SUCCESS. Food for thought.
corpman wrote:As usual Spink and their massive ego coupled with total incompetence and laziness, along with them refusing to properly advertise has led to these very poor results.
Will they ever learn.
And when will vendors ever learn that Australia is the best place to sell Australian material.
Way to go Spink you incompetent amateurs!!!!!!!