Spink "Chartwell" Australian Collection Sale 23/5/2018

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Spink "Chartwell" Australian Collection Sale 23/5/2018

Post by Rod Perry »

A little bird tells me that a sale to test the appetite for demand for Australia early Essays/Proofs is to be announced in next several days.

The collection contains many of the incredible Essays/Proofs ex Abramovich, sold by Temple Bar Auctions in London early 1970s, and not seen since.

The Abramovich collection, a fully ten million dollar collection in today's market, and the Arthur Gray calibre collection of its time, was particularly rich in Essays/Proofs. Fully one-third of the then value of the collection was attributed to that section.

The decision to sell the Essays/Proofs in London was made as there was then virtually no demand for them in Australia.

Again, the sale is to be in London.

More when I am at liberty to reveal it.

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Re: Major Australia Collection Sale Announcement Imminent

Post by Global Administrator »

A little bird also told me the winning numbers in tomorrow night's Powerball.

More when I am at liberty to reveal it. :mrgreen:
= = = =
Hope your apparent world scoop does not involve Spink selling them, as the collection will still remain almost unknown, much as is their non existent marketing on the unparalleled Arthur Gray Booklets collection in a few weeks. :idea:
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Re: Major Australia Collection Sale Announcement Imminent

Post by Michael Eastick »

Time for you to dust of the cheque book Rod !
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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

Michael Eastick wrote:Time for you to dust of the cheque book Rod !
The collection is an old-time model, Michael, conceived when covers were not deemed as important in a collection as they now are.

I'll leave the Traditional material in the collection to my esteemed colleagues.

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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

Global Administrator wrote:Hope your apparent world scoop does not involve Spink selling them, as the collection will still remain almost unknown, much as is their non existent marketing on the unparalleled Arthur Gray Booklets collection in a few weeks. :idea:
For the non-believers, Spink will have the Chartwell Collection available for viewing in Sydney and Melbourne, in May.

Some may recall the Chartwell GB was sold by Spink a few years ago, realizing in the order of £20 million, as I recall.

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Re: Major Australia Collection Sale Announcement Imminent

Post by GJ50 »

Rod Perry wrote:
Global Administrator wrote:Hope your apparent world scoop does not involve Spink selling them, as the collection will still remain almost unknown, much as is their non existent marketing on the unparalleled Arthur Gray Booklets collection in a few weeks. :idea:
For the non-believers, Spink will have the Chartwell Collection available for viewing in Sydney and Melbourne, in May.

Some may recall the Chartwell GB was sold by Spink a few years ago, realizing in the order of £20 million, as I recall.

Rod
There will viewing in Melbourne at the RPSV premises at 303 High Street Ashburton over a weekend, both days.
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Re: Major Australia Collection Sale Announcement Imminent

Post by Global Administrator »

Rod Perry wrote: For the non-believers, Spink will have the Chartwell Collection available for viewing in Sydney and Melbourne, in May.
Well perhaps Spink will extricate a digit for a change, and actually run local Magazine ads for this sale and let folks know of the sale, and mega £1000s viewing junket they are on down here - as they totally failed to do for the superb and unique Arthur Gray BOOKLETS collection, that will pass largely unknown to many keen potential buyers of same locally.

Arfur would be turning in his grave at this incompetence and lazy arrogance. :roll: :roll: :roll:
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Re: Major Australia Collection Sale Announcement Imminent

Post by gavin-h »

Global Administrator wrote:Well perhaps Spink will extricate a digit for a change, and actually run local Magazine ads for this sale and let folks know of the sale
Or perhaps they'll save their money and let the likes of Stampboards spread the word for them. :wink:

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Re: Major Australia Collection Sale Announcement Imminent

Post by Lakatoi 4 »

GJ50 wrote:
Rod Perry wrote:
Global Administrator wrote:Hope your apparent world scoop does not involve Spink selling them, as the collection will still remain almost unknown, much as is their non existent marketing on the unparalleled Arthur Gray Booklets collection in a few weeks. :idea:
For the non-believers, Spink will have the Chartwell Collection available for viewing in Sydney and Melbourne, in May.

Some may recall the Chartwell GB was sold by Spink a few years ago, realizing in the order of £20 million, as I recall.

Rod
There will viewing in Melbourne at the RPSV premises at 303 High Street Ashburton over a weekend, both days.
I assume the Sydney showing will be at Philas House. I'll ask about it when I'm there today.
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The Chartwell Collection of Aust States and Comm 23rd May

Post by Monogram »

Some amazing lots

https://www.spink.com/auction/18047

Just one of the 808 lots

Image

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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

Chartwell collection now online:

https://d3ums4016ncdkp.cloudfront.net/auction/catalogue/18047/18047.pdf

Many old friends amongst the Essays, Proofs, Multiples, and Covers, balanced with good old fashioned rows and rows of the same things! When the Chartwell family member would arrive at one of my sales, you could not wipe the smile off this auctioneer's face.

With Besançon close on the heels of this sale, I suspect more than a few Colonial and Commonwealth enthusiasts will be taking a long hard look at what they can "prune" from their collections, in order to cash-up for this philatelic smorgasbord.
Image
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Re: Major Australia Collection Sale Announcement Imminent

Post by Lakatoi 4 »

We now know who was a major bidder in Hugh Morgan's and Stuart Hardy's auctions in 2012 and 2013. Also there's material ex-McNess and Kilfoyle that hasn't been on the market for decades.

One thing is certain, many records will be broken in this auction.
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Re: Major Australia Collection Sale Announcement Imminent

Post by GJ50 »

Viewing at :

At Royal Philatelic Society of Victoria, Melbourne, Australia
Purves House, 303 High Street, Ashburton, VIC 3147

Saturday 5 May 2018 at 10:00 a.m. – 6:00 p.m.

Sunday 6 May 2018 at 10:00 a.m. – 6:00 p.m.
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Re: Major Australia Collection Sale Announcement Imminent

Post by Lakatoi 4 »

Rod,

You mentioned in an earlier post that there'd be a viewing in both Melbourne and Sydney in May yet the Spink catalogue refers only to a Melbourne viewing at the RPSV :?:

P.S. That Winchester cover is absolutely superb 8)
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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

Lakatoi 4 wrote:Rod,

You mentioned in an earlier post that there'd be a viewing in both Melbourne and Sydney in May yet the Spink catalogue refers only to a Melbourne viewing at the RPSV :?:

P.S. That Winchester cover is absolutely superb 8)
Appears Spink changed their minds on the Sydney visit subsequent to when I received my information last February, Tony?

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Re: The Chartwell Collection of Aust States and Comm 23rd Ma

Post by giwigip »

Monogram wrote:Some amazing lots

https://www.spink.com/auction/18047

Just one of the 808 lots

Image
The centring could be better.

:lol:

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Re: Major Australia Collection Sale Announcement Imminent

Post by aethelwulf »

That piece could be noted as the first to receive a "Decline to grade" grade, if submitted to PSE. :mrgreen:
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Re: The Chartwell Collection of Aust States and Comm 23rd Ma

Post by john6625 »

giwigip wrote:
Monogram wrote:Some amazing lots

https://www.spink.com/auction/18047

Just one of the 808 lots

Image
The centring could be better.

:lol:
Image

Hows that.
That is a nice piece, I'll go and hide now
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Re: The Chartwell Collection of Aust States and Comm 23rd Ma

Post by Rod Perry »

giwigip wrote:
Monogram wrote:Some amazing lots

https://www.spink.com/auction/18047

Just one of the 808 lots

Image
The centring could be better.

:lol:
Not to mention the perforation trauma to upper pair.

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Re: Major Australia Collection Sale Announcement Imminent

Post by Lakatoi 4 »

And also the lack of a Die II/I horizontal pair :lol: :lol:
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Chartwell Collection - Spink Auction 23 May 2018

Post by mcgooley »

Just got a heads-up that Spink will be auctioning "The Chartwell Collection of Australian States and Commonwealth" in London on 23 May.

More interesting for us here in Oz is the following...
Melbourne Viewing
Royal Philatelic Society of Victoria, Purves House, 303 High Street, Ashburton, VIC 3147
Saturday 5 May 2018 and Sunday 6 May 2018, 10.00am to 6.00pm

The entire catalogue is downloadable at https://www.spink.com/auction/18047

I'm now going away to cry into my beer...
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Re: Major Australia Collection Sale Announcement Imminent

Post by Machaggis52 »

Does anyone know what the 5% Tax mentioned in the blurb is about?

It doesn't correspond with any UK tax rate I can think of.
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Re: Major Australia Collection Sale Announcement Imminent

Post by The Pom »

Machaggis52 wrote:Does anyone know what the 5% Tax mentioned in the blurb is about?

It doesn't correspond with any UK tax rate I can think of.
From their T&C's.

"VAT is chargeable on the Hammer price and the Buyer’s premium of daggered (†) and (Ω) lots at the standard rate (currently 20%), and on lots marked (x) at the reduced rate (currently 5% on the Hammer price and 20% on the Buyer’s premium). VAT on Margin Scheme lots (identified by the absence of any VAT symbol next to the lot number) is payable at 20% on the Buyer’s premium only."

What qualifies some lots and not others for the reduced VAT, I have no idea.
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Re: Major Australia Collection Sale Announcement Imminent

Post by nigelc »

The Pom wrote:
Machaggis52 wrote:Does anyone know what the 5% Tax mentioned in the blurb is about?

It doesn't correspond with any UK tax rate I can think of.
From their T&C's.

"VAT is chargeable on the Hammer price and the Buyer’s premium of daggered (†) and (Ω) lots at the standard rate (currently 20%), and on lots marked (x) at the reduced rate (currently 5% on the Hammer price and 20% on the Buyer’s premium). VAT on Margin Scheme lots (identified by the absence of any VAT symbol next to the lot number) is payable at 20% on the Buyer’s premium only."

What qualifies some lots and not others for the reduced VAT, I have no idea.
According to Wikipedia the reduced rate currently applies to:

- Children's car seats

- Electricity, gas, heating oil & solid fuel (domestic/residential/charity non-business)

- Energy saving materials (permanently installed in residential/charity premises)

- Maternity pads

- Mobility aids for the elderly

- Sanitary protection products

- Smoking cessation products

It's just standard text in the terms and conditions.
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Re: Major Australia Collection Sale Announcement Imminent

Post by The Pom »

It may be standard blurb, but next to each individual lot description it says:
"Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers."
Always on the lookout for Australian pre decimal First Day Covers.

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Re: Major Australia Collection Sale Announcement Imminent

Post by nigelc »

The Pom wrote:It may be standard blurb, but next to each individual lot description it says:
"Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers."
I had a look at the first lot and as you say it had the x indicator and this quote.

I've had a quick look at the VAT regulations and there's a description of the Auctioneer's Scheme which shows a number of examples including this one:

"8.3 Example 2

You sell the item under the Auctioneers’ Scheme.

You charge commission to the seller.

You charge buyer’s premium.

(a) Hammer price = £1,000

(b) Commission charged to seller:

Commission rate times hammer price 12% × 1,000 = £120

(c) Purchase price

Hammer price less commission (a - b) 1,000 - 120 = £880

(d) Buyer’s premium

Rate of buyer’s premium times hammer price 18% × 1,000 = £180

(e) Selling Price

Hammer price plus buyer’s premium (a + d) 1,000 + 180 = £1,180

(f) Margin

Selling Price less purchase price (e - c) 1,180.25 - 880 = £300

(g) VAT on sale

Margin (f) times VAT fraction 300 × 1/6 = £50"

which at least gives the same rate as you've quoted!

I've copied this from VAT Notice 718/2:

https://www.gov.uk/government/publications/vat-notice-7182-t ... ers-scheme
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Re: Major Australia Collection Sale Announcement Imminent

Post by billw2 »

Rod Perry wrote:Chartwell collection now online:

https://d3ums4016ncdkp.cloudfront.net/auction/catalogue/18047/18047.pdf

Many old friends amongst the Essays, Proofs, Multiples, and Covers, balanced with good old fashioned rows and rows of the same things! When the Chartwell family member would arrive at one of my sales, you could not wipe the smile off this auctioneer's face.

With Besançon close on the heels of this sale, I suspect more than a few Colonial and Commonwealth enthusiasts will be taking a long hard look at what they can "prune" from their collections, in order to cash-up for this philatelic smorgasbord.
Image
Rod
Rod,

What's a cover like that worth? Curious as I have a few of them from over here but have never seen an Australian one.

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Re: Major Australia Collection Sale Announcement Imminent

Post by The Pom »

The cover is lot 104 in the sale, est £100-120.
Always on the lookout for Australian pre decimal First Day Covers.

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Re: Major Australia Collection Sale Announcement Imminent

Post by Machaggis52 »

The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Aye, but given the recent prices, these estimates look conservative for me.

I was mentally totting up what I could sell, to bid on some Swans, then remembered the multiples of estimates realised recently.
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Re: Major Australia Collection Sale Announcement Imminent

Post by billw2 »

The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.

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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

billw2 wrote:
The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.
I would think of it as a AU$300 (say, US$225) item, Bill.

However, it's so attractive, and later-era Queensland covers are very hard to find so striking, it may well sell for AU$500 (US$375 approx.).

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Re: Major Australia Collection Sale Announcement Imminent

Post by Global Administrator »

The Pom wrote:It may be standard blurb, but next to each individual lot description it says:

"Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers."
So, is this correct - a £1,000 hammer stamp becomes it seems, BEFORE the usual outrageous Spink (and others!) shipping and insurance and credit card gouges, PLUS a few % more in bad exchange rates for non Brits not owning sterling whether paid by card or bank transfer -

£1,000 plus 5% = £1,050

£1,050 plus 20% buyer fee = £1,260, plus 20% VAT on that fee = £42 £1,302 or thereabouts for a £1000 bid?

i.e. you will be invoiced for over 30% more for each item than you bid, PLUS all shipping insurance and credit card gouges and bank exchange rate screws?
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Re: Major Australia Collection Sale Announcement Imminent

Post by Clive »

Glen,

I think that comes to around $1312. Little change out of $1400.

Not sure if the VAT is imposed on the 5%, but it would not surprise to find that the Chancellor of the Exchequer has found a novel way of taxing on tax.

Even so, still a hefty slug on the buyer, and as you say doesn't take into account further charges, for example postage and packing, insurance and credit card use.

Clive

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Re: Major Australia Collection Sale Announcement Imminent

Post by iaincraven »

Does anyone know what the 5% Tax mentioned in the blurb is about?

It doesn't correspond with any UK tax rate I can think of.
This is the import duty rate for import into the UK of "Postage or revenue stamps, stamp-postmarks, first-day covers, postal stationery (stamped paper), and the like, used or unused - Goods are subject to VAT standard rate and VAT reduced rate 5%"

If the lot was being exported back out of the UK by Spink it appears that you would not pay that figure.
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Re: Major Australia Collection Sale Announcement Imminent

Post by Machaggis52 »

Rod Perry wrote:
billw2 wrote:
The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.
I would think of it as a AU$300 (say, US$225) item, Bill.

However, it's so attractive, and later-era Queensland covers are very hard to find so striking, it may well sell for AU$500 (US$375 approx.).

Rod
Which is about double the top estimate.
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Re: Major Australia Collection Sale Announcement Imminent

Post by Lakatoi 4 »

Rod Perry wrote:
billw2 wrote:
The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.
I would think of it as a AU$300 (say, US$225) item, Bill.

However, it's so attractive, and later-era Queensland covers are very hard to find so striking, it may well sell for AU$500 (US$375 approx.).

Rod
It might even do better than that when you add in gun, wild west, etc. collectors who also happen to be philatelic collectors :idea:

I know a retired gunsmith and published Roo collector who may make a decent bid for it.
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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

Lakatoi 4 wrote:
Rod Perry wrote:
billw2 wrote:
The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.
I would think of it as a AU$300 (say, US$225) item, Bill.

However, it's so attractive, and later-era Queensland covers are very hard to find so striking, it may well sell for AU$500 (US$375 approx.).

Rod
It might even do better than that when you add in gun, wild west, etc. collectors who also happen to be philatelic collectors :idea:

I know a retired gunsmith and published Roo collector who may make a decent bid for it.
Yeh, it's a potentially highly emotive item, with demand prospects considerably above it's philatelic significance.

In a similarly emotive vein, Australia has at least one Harley Davidson memorabilia collector (non-philatelist) who has been seen to pay extraordinary sums for H.D. advertising covers.

Doubtless, such collectors, for a whole range of subjects, exist throughout the world.

I have no problem with such enthusiasm. In what is a visual hobby, the advertising component of a cover is almost certain to be more exciting than the stamp/s affixed to the article.

Rod
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Re: Major Australia Collection Sale Announcement Imminent

Post by pertinax »

Lakatoi 4 wrote:We now know who was a major bidder in Hugh Morgan's and Stuart Hardy's auctions in 2012 and 2013.
Indeed.

What surprised me though is that there is clearly material that was acquired not only after the death of Sir Humphrey but also some acquired after the sale of his GB!

Very curious.


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Re: Major Australia Collection Sale Announcement Imminent

Post by Rod Perry »

pertinax wrote:
Lakatoi 4 wrote:We now know who was a major bidder in Hugh Morgan's and Stuart Hardy's auctions in 2012 and 2013.
Indeed.

What surprised me though is that there is clearly material that was acquired not only after the death of Sir Humphrey but also some acquired after the sale of his GB!

Very curious.


Scott
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Re: Major Australia Collection Sale Announcement Imminent

Post by billw2 »

Rod Perry wrote:
billw2 wrote:
The Pom wrote:The cover is lot 104 in the sale, est £100-120.
Right, but I am curious as to what Rod thinks it is worth.

I have bid several multiples of high estimate and lost lots in recent times and I have bought lot for less than half of low estimate.
I would think of it as a AU$300 (say, US$225) item, Bill.

However, it's so attractive, and later-era Queensland covers are very hard to find so striking, it may well sell for AU$500 (US$375 approx.).

Rod
Thanks!

About what I was wildly guessing but figured you'd be the authority on this sort of thing.

I have never seen one other than the US ones (Which are not terribly rare but do bring decent money).

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by W5LDY »

Superb, well illustrated hard copy of the catalogue just arrived. Very much looking forward to this sale. there are many things which would sit well within my collections, I will be delighted if I am lucky enough to obtain one or two lots, I feel competition will be very strong.

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by Expatyeoman »

W5LDY wrote:Superb, well illustrated hard copy of the catalogue just arrived. Very much looking forward to this sale. there are many things which would sit well within my collections, I will be delighted if I am lucky enough to obtain one or two lots, I feel competition will be very strong.
Just received my one, pretty quick for delivery to HK. I had already reviewed the lots online but much better to do so with the print copy. As you say a fine job on this, and ditto I will also be pleased if I get even a couple of the items I would like to add to my collection.

To touch on the VAT discussion above, when I've bought from them before and items were posted direct to me overseas, they automatically reworked the VAT which gave a welcome reduction (esp. with the pound strengthening against AUD & HKD recently!)

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by ChrisGray »

This sure was a quick turnaround for the two unissued stamps that enjoyed the cover of the Arthur Gray KGV auction in 2015:
Image

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by Rod Perry »

ChrisGray wrote:This sure was a quick turnaround for the two unissued stamps that enjoyed the cover of the Arthur Gray KGV auction in 2015:
Image
Death has a habit of getting in the way of one's best laid plans.

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by W5LDY »

Currently following the States section online, very interesting results, and so far lucky enough and delighted to have won seven lots. More to follow.

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by starling »

The fabled 3d Kookaburra imperf. M/S only went for £58,000 :(

https://www.spink.com/lot/18047000691

Image

With add-ons and converting to Australian Dollars that is only about $125,000 or close to one third what it cost them to buy it only a few years ago.


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Re: Chartwell Australian Collection Sale 23/5/2018

Post by starling »

The equally famous £2 Kangaroo, small multiple watermark block of 24 went for £65,000, which is about $140,000 after add-ons etc. It sold for just under $230,000 at the Hardy sale in 2013.

https://www.spink.com/lot/18047000601


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Re: Chartwell Australian Collection Sale 23/5/2018

Post by tapstamp »

Certainly the decision to hold an unreserved auction has caused a blip on the market value of some of this material.

As an example I have detailed the results of seven items that were purchased at the Morgan Sale and resold in this sale and the result is of some concern.

The seven items were originally purchased for 433.000 Pounds and were resold for a total of 156.000 Pounds.

This would be of concern to the owners of the small numbers of the same items in other collections.

Should the catalog value of these items be adjusted to reflect the new market value? Or can this auction be regarded as abnormal?

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by corpman »

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 incompotent amateurs!!!!!!!

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Re: Chartwell Australian Collection Sale 23/5/2018

Post by aethelwulf »

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.
But at least they produced a catalogue with pretty images...
W5LDY wrote:Superb, well illustrated hard copy of the catalogue just arrived. Very much looking forward to this sale. I feel competition will be very strong.
So much for "strong competition" it seems?
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