Scripophily: Historic share certificates in great demand by collectors and investors Last year the HSTM Historic Stocks Market Index rose more than 12%. High demand for collectable shares came from Asia, Russia and South America.
News-Antique.com - Feb 08,2017 - The market of historic financial documents showed a remarkably strong evolution in 2016. This is evidenced by the evolution of the HSTM Historic Stocks Market Index which rose last year 12.20% from 111.06 to 124.55 points. The index reflects the price evolution of 100 international stocks and bonds such as the founder shares of Siemens and Linde, early shares from HSBC Bank and other early and artistically designed financial certificates such as those of the 18th century Royal Spanish trading companies.
According to Matthias Schmitt, auctioneer at HWPH Historisches Wertpapierhaus AG “in particular collectable shares from Asia, Russia and South America were in high demand during the second half of last year”. Noteworthy is also the fact that the buyers from those parts of the world are typically considerably younger than those in the long-established markets in the western world. “Overall, it becomes increasingly difficult to offer high quality items to collectors” states Mario Boone of the Belgian Scripophily Center bvba. “However, when such rare pieces come to the market, they attract high demand from our clients”.
Such rare old shares are exactly of what the HSTM Index is composed of. “When putting the index together, we made sure that the number of available pieces is limited” according to Volker Malik of Scripovest AG. His firm, together with HWPH AG and the Scripophily Center update the index every 6 months. The availability in the collectors market of most index components is confined to 15 – 50 pieces. This also guarantees regular public auction prices for the components and and thus a transparent calculation of the HSTM Index. A particular service towards investors and collectors alike is offered on https://hstm-index.com. On this website, not only the index evolution since 2013 can be seen, but also all 100 index components are displayed, including their price evolution in recent years. Furthermore, there is an interesting “alarm-tool” giving interested collectors the possibility to receive a message by email as soon as one of the index components comes up for sale in a public auction.