The Stack’s Bowers and
Ponterio Hong Kong Paper Money Sale was once again a success! As one of the more diverse Hong Kong Auctions
in recent memory, collectors and dealers from all over Asia and the rest of the
world were poised to bid on these desirable pieces. (All prices mentioned below
include the standard buyer’s premium unless stated otherwise).
Starting with a bang from
the very beginning of the auction, the opening lot, a Ming Dynasty 1 Kuan hammered
for above the mid-range estimate, garnering a superb price despite the low
grade condition of the note. The following five lots all realized above their
high estimates. This included a coveted 1910 Ta Ching Government Denomination
set that brought $59,750.00! These
specimen proofs ranging from $1 to $100 brought double the high estimate.
Offered for the first time at Stack’s Bowers, the set was just one grouping of
notes that exceeded expectations.
A strong showing for
Mixed Lots was also seen. Stack’s excels at grouping together raw or graded
notes to create great starter sets or great groupings for dealers to purchase
and break up. Realized prices reflect that, and lot 50172, a group of PRC
banknotes, sold for $4,063.00. The grouping was estimated $500-$1,000.
An incredible Provincial
Bank presentation booklet with 83 pieces, offered in Lot 50239, hammered at $10,456
for over 50% of the high estimate. The booklet was without question a highlight
of the sale and is an interesting piece the winning bidder will enjoy.
Another highlight of the
sale was the South Viet Nam P-4Ap 1000 Dong “Old Man at the Temple” note
offered in lot 50424. This note brought a record price of $38,240, a price not
yet seen at public auction. That lot reinforced that those Proofs and Specimens
are extremely attractive in high grade.
The show floor was packed
with dealers and collectors, a very promising indicator of bourse floor growth
in the future. For those considering
consignment to a future Stack’s Bowers sale, the firm is currently accepting
consignments for the January 2017 New York International Numismatic Convention
sale and the April Hong Kong 2017 Sale.
Consignment specialists can be reached at 949-253-0916 or via email at
info@StacksBowers.com.
