InterAsia Auctions

July 31-August 1, 2010 Auction Realises a Record HK$ 61,479,230
(over US$ 7.9 million)

Our July 31-August 1 auction was the largest stamp auction ever held in Hong Kong, realising HK$ 61,479,230 (over US$ 7.9 million; all realisations include the 15% buyer's premium), eclipsing even our historic January sale that had smashed the previous records for the largest stamp auction in Hong Kong and the largest sale of China anywhere in the world.

The auction achieved extraordinary realisations across the board, from the Qing Dynasty, starting with the remarkable Large Dragon offering, to record prices for the Olssons' Late Qing Dynasty and Early Republic, including records for the Four Treasures, to remarkable realisations for PRC that dispelled rumors of a possible market correction. Hong Kong and Macau postal history were likewise avidly followed at least in part no doubt because of the outstanding material offered.


The specialised Large Dragon offering generated tremendous enthusiasm and commensurate prices, with the Elephant essay block realizing HK$ 805,000 and the complete sheets of the 1ca., 3ca. and 5ca. HK$ 253,000, 253,000 and 977,500. In the Dowager surcharges, the unique "Emerald Lady" cover realised HK$ 2,990,000, while outstanding results in the ever-popular Red Revenues were anchored by the Small 4c. used on piece sold for HK$ 1,495,000 and the unused Small 4c. double surcharge likewise sold for HK$ 1,495,000.

The Olssons' magnificent collection of late Qing Dynasty and Early Republic followed these trends with strong participation, keen competition and record prices, realising a total of HK$ 11,766,225. The highlight was the offering of the Four Treasures of the Republic and the Dr. Sun Yat-sen invert, one of the few times in history that all five of these great rarities have been offered at the same sale. They fetched HK$ 6,037,500 in total, with the rarest - the 1925 3c. on 4c. inverted surcharge - alone realising HK$ 2,070,000, a world record for this great rarity. Typifying the strong realizations, a mint set of the 1913 London printing realized HK$ 46,000.

The People's Republic saw record-breaking interest in the broadest offering that has been presented in many years of this popular subject, with the almost 400 lots bringing a total of $12,655,175 and drawing new clients both from the region and from abroad. Among the across-the-board outstanding prices, the complete sheet of the 1980 Year of the Monkey stamp set a new world record at HK$ 1,265,000. The exceedingly rare 1953 unissued Navy military stamp similarly brought an eye-popping HK$ 1,495,000, the mint unissued 1968 Victory stamp HK$ 1,035,000, the used 1956 Views of Peking "Sunrays" HK$ 437,000, a Mei Lanfang miniature sheet HK$ 149,500 and a first day cover of the Mei Lanfang miniature sheet HK$ 74,750. Similarly, a Peonies miniature sheet brought HK$ 40,250, a 15th Anniversary miniature sheet likewise HK$ 40,250, corner imprint blocks of eight of the Hwang Shan Landscapes HK$ 161,000, and an imprint block of four of the 1980 Monkey HK$ 66,700, to give you a feel for the price levels.

Strong results for a fine offering of early Taiwan showed the keen interest in this interesting subject, with a 1st Issue cover realising HK$ 184,000, the group of seven die proofs of the Horse and Dragons bringing HK$180,550 in total, and the block of eight of the Horse and Dragon 20ca. red fetching HK$ 103,500.

Hong Kong and Treaty Ports

The Hong Kong stamps and covers - anchored by the "Mosaic" collection of 19th Century Hong Kong and Asia Mails - were likewise highly sought after, with many spectacular realisations. The renowned 1864 cover with the only recorded usage from Labuan of Hong Kong stamps cancelled "B62" realised HK$ 230,000, the 1859 India bisect from Singapore to Amoy HK$ 184,000 and the 1897 Postal Fiscal $1 on $2 olive-green mint block of 20 with Chinese handstamps omitted HK$ 345,000.

Macau and Other Asia

The select Macau postal history group that the eminent postal historian Luis Frazao helped us put together realised almost HK$ 1.2 million and was led by an HK$ 230,000 result for the 1824 entire from Portugal to Macau through Goa, HK$ 230,000 for the superb 1876 Pago em Macao crowned circle to Lisbon and HK$ 345,000 for the 1877 registered Pago em Macao crowned circle to Angola.

Other Asian countries likewise showed a nice following, with Mongolia covers from the Beckemans finding new homes at often double and triple the estimate and a small offering of Portuguese India postal history garnering substantial interest that we are hoping to build on in the next sale.

Thinking of Selling?

If you are thinking of selling your collection of Chinese, Hong Kong or Asian stamps or postal history or just have stamps or covers you no longer need, you should strongly consider consigning with us. Interasia has cemented itself as the preeminent auction firm worldwide for China, Hong Kong and Asia. We have an established track record of getting the highest prices, no doubt because of our extensive worldwide customer list that includes all the major collectors, our unrivalled expertise, our accurate and well-presented catalogues, and our extensive promotion and advertising. Our preeminent market position, record realisations and increasing market share are likewise testament to our results. If you need help with your consignment or further information, don�t hesitate to call or write Jeffrey Schneider or Cecilia Vong.

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