Saturday, June 10, 2006

Stamp market vibrant

The Associated Press reports Escala Group Inc. realized record sales of $3.61 million (up 22 percent from pre-sale estimates of $2.95 million) at their four stamp auctions conducted at Washington 2006.

"The sale of intact collections generated sales of $2.34 million, up from a projected $2 million. The most sought-after items in the GMA auction were 61 lots from the Varro E. Tyler Reference Collection, which collectively sold for almost four times its pre-sale estimate of $100,000. "

Greg Manning, president of Escala's North American and Asian Philatelic Auction Division, is quoted as saying, "Based on the results of the four Escala auctions in Washington, D.C. and interest at the exposition, we believe the stamp market continues to be vibrant."

For more on these auctions, click here.
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posted by Don Schilling at 12:01 PM