Philatelic Auction
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Philatelic Auction
A philatelic auction, or stamp auction is a sale of postage stamp, stamps, cover (philately), covers and other philatelic material usually run by stamp dealers or specialist collectibles auctioneers, such as, David Feldman (philatelist), David Feldman, Christie's and Sotheby's, where prospective purchasers place bids in an attempt to obtain the desired items. The highest bidder for each lot (described item or items) makes the purchase. Auctions are generally divided into mail sales, where bids are accepted by mail, and public sales, where mail bids are combined with live bidding from individuals present at the auction or participating by telephone. Auctions usually allow prospective purchasers to view the items beforehand, either in a catalogue, in the auction house, or both.
Some typical auction terms


See also

* Mystic Stamp Company * ...
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Postage Stamp
A postage stamp is a small piece of paper issued by a post office, postal administration, or other authorized vendors to customers who pay postage (the cost involved in moving, insuring, or registering mail), who then affix the stamp to the face or address-side of any item of mail—an envelope or other postal cover (e.g., packet, box, mailing cylinder)—that they wish to send. The item is then processed by the postal system, where a postmark or cancellation mark—in modern usage indicating date and point of origin of mailing—is applied to the stamp and its left and right sides to prevent its reuse. The item is then delivered to its addressee. Always featuring the name of the issuing nation (with the exception of the United Kingdom), a denomination of its value, and often an illustration of persons, events, institutions, or natural realities that symbolize the nation's traditions and values, every stamp is printed on a piece of usually rectangular, but sometimes triangular ...
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Cover (philately)
In philately, the term cover pertains to the outside of an envelope or Mail, package with an address, typically with postage stamps that have been Cancellation (mail), cancelled and is a term generally used among stamp and postal history collectors. The term does not include the contents of the letter or package, although they may add interest to the item if still present. Cover collecting plays an important role in postal history as many covers bear stamps, postmarks and other markings along with names and addresses all of which help to place a cover at a given time and place in history. History The term originates from the practice of covering a letter by folding a separate sheet about it to physically protect it and prevent infringement of confidentiality. In the first half of the 19th century it became the fashion to cut the cover into a diamond or lozenge shape. This was the precursor of the version of the envelope known today. Its convenience and popularity led to the lozen ...
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Philatelic
Philately (; ) is the study of postage stamps and postal history. It also refers to the collection and appreciation of stamps and other philatelic products. Philately involves more than just stamp collecting or the study of postage; it is possible to be a philatelist without owning any stamps. For instance, the stamps being studied may be very rare or reside only in museums. Etymology The word "philately" is the English transliteration of the French "", coined by Georges Herpin in 1864. Herpin stated that stamps had been collected and studied for the previous six or seven years and a better name was required for the new hobby than ''timbromanie'' (roughly "stamp quest"), which was disliked.Williams, L.N. & M. ''Fundamentals of Philately''. State College: The American Philatelic Society, 1971, p.20. The alternative terms "timbromania", "timbrophily", and "timbrology" gradually fell out of use as ''philately'' gained acceptance during the 1860s. Herpin took the Greek root word Ï ...
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Stamp Dealer
A stamp dealer is a company or an individual who deals in stamps and philatelic products. It also includes individuals who sell postage stamps for day to day use or revenue stamps for use on court documents. Stamp dealers who sell to stamp collectors and philatelists are of many kinds and their businesses range from small home operations to large international companies. Methods of sale Dealers may sell by mail order, at stamp fairs, at their own retail premises, through postal auctions or by sending packets of stamps on approval to collectors. Increasingly, dealers sell on internet auction sites like eBay or Delcampe. Dealers also vary in the type of material they handle, ranging from a general stock to highly specialised firms who only trade in particular countries or topical areas. Stamp catalogues Stamp catalogues principally evolved from stamp dealer's price lists, though today most stamp catalogues no longer represent a retail price list. The Stanley Gibbons catalogue is a ...
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Collectible
A collectable (collectible or collector's item) is any object regarded as being of value or interest to a collector. Collectable items are not necessarily monetarily valuable or uncommon. There are numerous types of collectables and terms to denote those types. An antique is a collectable that is old. A curio is a small, usually fascinating or unusual item sought by collectors. A manufactured collectable is an item made specifically for people to collect.Danziger, Pamela (July 1, 1069)''Why People Buy Things They Don't Need: Understanding and Predicting Consumer Behavior'' Kaplan Publishing. The business of collectables Created to be collected A "manufactured" collectable (often referred to as a contemporary collectable) is an item made specifically for people to collect. Examples of items commonly sold as collectables include plates, figurines, bells, graphics, steins, and dolls. Some companies that produce manufactured collectables are members of The Gift and Coll ...
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David Feldman (philatelist)
David Feldman (born 1947 in Dublin) BA, BBS, RDP(I) is a professional philatelist, auctioneer and author. He held his first stamp auction in 1967. Feldman is Honorary Chairman of David Feldman SA, a Geneva-based auction company, through which he attained record prices for some of the world's most famous postage stamps. In 1993, Feldman auctioned the "Bordeaux Cover", which comprised the 1847 1d Orange-red and the 2d Deep Blue Mauritius "Post Office" stamps, which brought 6,175,000 Swiss francs including all commissions, at that time the highest price ever paid for any philatelic item. He also sold the unique 1855 Sweden Treskilling Yellow stamp at auction in 1996, which at the time was the highest price ever paid for a single stamp, eclipsed in 2014 by the sale of the British Guiana 1c magenta. Early life His early life was in Dublin, Ireland, where he started a stamp exchange scheme with school classmates at eight years of age. By 1958 this had become ''The Shamrock Stamp Clu ...
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Christie's
Christie's is a British auction house founded in 1766 by James Christie (auctioneer), James Christie. Its main premises are on King Street, St James's in London, at Rockefeller Center in New York City and at Alexandra House in Hong Kong. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Sales in 2015 totalled £4.8 billion (US$7.4 billion). In 2017, the ''Salvator Mundi (Leonardo), Salvator Mundi'' was sold for $400 million at Christie's in New York, at the time List of most expensive paintings, the highest price ever paid for a single painting at an auction. History Founding The official company literature states that founder James Christie (auctioneer), James Christie (1730–1803) conducted the first sale in London, England, on 5 December 1766, and the earliest auction catalogue the company retains is from December 1766. However, other sources note that James Christie rented auction rooms from 1762, and newspaper advertisements for Christi ...
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Sotheby's
Sotheby's () is a British-founded American multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and maintains a significant presence in the UK. Sotheby's was established on 11 March 1744 in London by Samuel Baker, a bookseller. In 1767 the firm became Baker & Leigh, after George Leigh became a partner, and was renamed to Leigh and Sotheby in 1778 after Baker's death when Leigh's nephew, John Sotheby, inherited Leigh's share. Other former names include: Leigh, Sotheby and Wilkinson; Sotheby, Wilkinson and Hodge (1864–1924); Sotheby and Company (1924–83); Mssrs Sotheby; Sotheby & Wilkinson; Sotheby Mak van Waay; and Sotheby's & Co. The American holding company was initially incorporated in August 1983 in Michigan as Sotheby's Holdings, Inc. In June 2006, it was reincorporated in the State of Delaware and was renamed Sotheby's. In Ju ...
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Auctions
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading ...
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Mystic Stamp Company
Mystic Stamp Company is an American, employee-owned stamp dealer founded in 1923 by Lawrence K. Shaver (1903 – September 23, 1990). The company is headquartered where it was founded, in Camden, New York. It specializes in the buying and selling of postage stamps, collecting supplies, and other philatelic items. Company history Lawrence K. Shaver On May 26, 1923, H.E. Harris & Co. ran an advertisement in ''Mekeel's Weekly Stamp News'' inviting potential stamp dealers to invest $25 to $500 in order to make use of Harris' international wholesale supply network. Backed by his father, Lawrence "Larry" K. Shaver mailed H.E. Harris a check for $500. Not long after sending his check, Shaver traveled to Boston, Massachusetts, to meet H.E. Harris in person. Harris asked him if he had a name for his new company yet, to which Shaver replied "No, I don't... do you have a suggestion, Mr. Harris?" Harris did have a suggestion: "I've always been intrigued by the naming of the Mystic Riv ...
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Philatelic Investment
Philatelic investment is investment in collectible postage stamps for the purpose of realizing a profit. Philatelic investment was popular during the 1970s but then fell out of favour following a speculative bubble and prices of rare stamps took many years to recover. Overview Investing in rare stamps requires a high degree of expertise and can be very risky for the novice. Rare stamps are among the most portable of tangible investments, take up little space but require careful storage as condition is one of the most important factors in determining the value of a stamp. Other tangible investments include art, antiques, precious metals, rare coins and many others that are all termed alternative investments. Interest in stamps as an investment tends to increase when traditional investments are not doing well, causing investors to seek alternatives. The increasing age of the population in western countries has also been credited with a resurgence in interest in stamps. A British auc ...
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Robson Lowe
John Harry Robson Lowe (7 January 1905, London – 19 August 1997, Bournemouth) was an English professional philatelist, stamp dealer and stamp auctioneer. Life and career Lowe is regarded by philatelists as the father of postal history, having published many definitive works on the subject and having introduced the term in his first major book ''Handstruck Postage Stamps of the Empire 1680–1900'' in 1948. In 1970 he was awarded the Lichtenstein Medal by the Collectors Club of New York. He started his philatelic career at Fox & Co. in 1926 and then established his own firm, Robson Lowe Ltd., in Regent Street, London, in 1926. He moved to 50 Pall Mall in 1940 and ran an auction business from Bournemouth starting in 1945. For health reasons he was unable to serve in the military during World War Two. Lowe refused to sign the Roll of Distinguished Philatelists due to the refusal of the organisers to remove the name of South African Adrian Albert Jurgens, whom he considered a ...
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