Hong Kong Auction 50 - Prices Soar as Chinese Coins Reach Fever Pitch The latest Hong Kong Coin Auction saw some frenzied bidding as buyers fought to purchase high end rarities at any price.
997, a 1919 Chinese-Tibet, Local Government, Silver 1-Srang which sold to a Chinese bidder at US$17,000, against a pre-sale estimate of US$2,500-3,000 and lot 1124, a Japanese Mutsuhito Silver 1-Yen which carried a pre-sale estimate of US$250-300 but sold for an exceptional US$9,500.
Ian Goldbart, Managing Director of Baldwin’s commented after the auction:
‘I am delighted to report that our April 2011 Hong Kong Coin auction was extremely well attended with over 200 bidders in the room. Live internet bidding also contributed significantly to the atmosphere with record prices being achieved for many Chinese coins. The Asian market is thriving and the Baldwin’s – MaTakWo collaboration have yet again justified our position at the forefront of Oriental Numismatics.’
Seth Freeman, Auction Director for Baldwin’s was very pleased to advise of a reasonable selling rate for the first time watch auction saying, “Baldwin’s are very satisfied with the response to our first watch auction and we are looking forward to coming back next year, bigger and better! This diversification into a potentially lucrative new field has proved to be great for the company.”
Prices Realised form both auctions can be found online at www.baldwin.co.uk/auction-results.
Baldwin’s will be holding their next Hong Kong Coin Auction No. 51-52 on the 24th – 25th August and a second Hong Kong Watch Auction is scheduled for 2012. for more information about either of these forthcoming auctions please contact Seth Freeman at seth@baldwin.co.uk or on +44 (0)20 7930 9808.
For all press enquiries please contact Caroline Newton at carolinenewton@baldwin.co.uk or on +44 (0)20 7930 9808.
Notes to the Editor:
• The Hong Kong Coin Auction is held twice annually in conjunction with the Hong Kong International Coin Convention and Antique Watch Fair which takes place over the three days after the auction. It is organised by Ma Tak Wo Numismatic Co. Ltd and A.H. Baldwin & Sons Ltd and details of how to book an exhibition table or get tickets for the show can be obtained from either of the partners.
• A.H. Baldwin & Sons have been involved in auctions in Singapore and Hong Kong with local partners since 1986 and this was the 37th auction they have held together.
• Baldwin’s auction department hold between ten and twelve sales annually in London, New York and Hong Kong and specialise in all areas of Numismatics.
• Baldwin’s & Ma Tak Wo offer an online bidding service via www.the-saleroom.com/baldwins
• Buyers Premium for this auction is set at 18%
Auction Partners
Ma Tak Wo Numismatic Co Ltd
馬德和錢鈔有限公司
Unit A2, 9th Floor, China Insurance Building, 48 Cameron Road
Tsim Sha Tsui, Kowloon, Hong Kong
Tel: (++852) 2316 2926
Fax: (++852) 2316 7526
