George Fredrick Kolbe Auction Results, Stack Family Library Lots Lead

For only the second time, a single-day numismatic literature auction sale has grossed over a million dollars. On June 1, 2004, the first one thousand lots of the John J. Ford, Jr. library brought 1.66 million dollars, eclipsing the four Armand Champa library sales (just under 1 million dollars), and the five Harry Bass library sales (1.25 million dollars).

And on January 9th, 2010, George Frederick Kolbe/Fine Numismatic Books sold at public auction 400 highlights from the Stack Family numismatic and 100 duplicates from the American Numismatic Society Library.

Estimates for the 500 lots came to $540,000 and the total hammer price was $873,000, exceeding the estimates by over 60%. Including the 15% buyer premium, the sale realized slightly over a million dollars. Every lot found a buyer and the per lot average of $2,000 is the highest ever achieved.

Sixty-eight registered bidders jammed the saleroom and, along with a dozen telephone bidders and over thirty internet bidders, purchased over 90% of the lots in the sale, overwhelming unusually strong participation by absentee bidders.

(…)
Read the rest of George Fredrick Kolbe Auction Results, Stack Family Library Lots Lead (697 words)