Archive | March, 2012

Sedwick’s Second Floor Auction #16: A Growing Success

21 Mar

As our second floor sale (with simultaneous interactive LIVE Internet bidding), our 16th live auction was a new milestone for our growing company. Serious bidders and top numismatists from around the world came to the November 6 auction in five consecutive sessions at the DoubleTree Hotel in the Walt Disney World Resort. The Floor auctioneer was Shaunda Fry and Internet bidding was handled by Dan Sedwick, with phone and book bids manned by Augi Garcia. At the same time lot viewing kept going in the adjacent room monitored by Cori Sedwick Downing and the auction staff. Live video and audio feeds gave remote attendees extra insight into what was happening and added interest.

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The day prior to the auction, the auction room warmed up with educational presentations by experts from all over the world: 1) Ben Costello (director of the 1715 Fleet Society), “The 1715 Fleet 300th Anniversary”; 2) Jose Manuel Henriquez (president of Dominican Republic Numismatic Association), “La Numismatica Dominicana”; 3) Roberto Mastalir (Ecuadorian researcher-writer), “Potosi Cobs: Transitional period”; 4) Jorge Emilio Restrepo (Colombian researcher-writer), “Coins Issued during Colombian Independence”; 5) Cori Sedwick Downing and Jorge Proctor (researchers-writers), with guest speaker Angel Valtierra Matus (Casa de Moneda de Mexico and National Mexican Numismatic Museum), “Mexican Charles and Joanna Coinage.”


Michelle, Cori and Jessica


The auction room was filled with 50 to 75 people the whole time, most of whom also attended the previous night’s welcome dinner, Argentinean gaucho style with live tango dancers, and enjoyed continuous socializing and networking with more than 100 people from all around the world. About the same amount of bidders online at the same time created a level of participation never reached before, not counting hundreds of “watchers” witnessing the event. It was wonderful to see-a veritable “coin party” like nothing the field has seen in a long time!


Daniel Sedwick and Jorge Emilio Restrepo

Prices realized (including buyer’s fees) surpassed the $2 million mark. Many lots sold for record prices, reflecting how our specialized attention and worldwide visibility have brought top collectors old and new to our auctions. We continue to grow, and attendees from the prior year already noticed the improvements. We will keep offering a unique combination of high-class material, top-tier educational presentations, serious bidders and entertaining social affairs, and now we invite you to consign and take advantage of the opportunity to be a part of it.

Some of the highlights in the auction that sold for strong prices (including 17.5% buyer’s fee):

26 Lima, Peru, cob 8 escudos, 1702H, rare, from the 1715 Fleet. $17,625
29 Lima, Peru, cob 8 escudos, 1711M, from the 1715 Fleet, encapsulated NGC MS 61. $15,275
367 Mexico City, Mexico, cob 8 reales, 1715J, from the 1715 Fleet $22,325
404 Mexico City, Mexico, 8 reales, Charles-Joanna, “Early Series,” assayer Rincon. $587,500
492 Lima, Peru, cob 8 reales presentation strike, 1659V, “Star of Lima” $21,150
496 Lima, Peru, cob 4 reales, 1659V, “Star of Lima” type, mintmark LIMA, extremely rare. $9,980
505 Lima, Peru, cob 2 reales, 1660V, “Star of Lima” type (Series III), extremely rare. $9,560
597 Potosi, Bolivia, cob 1/4 real, Philip II, assayer R (Rincon), finest know. $9,400
752 Bogota, Colombia, pillar 8 reales, Charles III, 1770VJ, encapsulated NGC MS 64. $61,600
968 Quito, Ecuador, oval uniface silver military decoration, Liberation of Quito in 1822. $11,750
1043 Dutch bronze “six-pounder” cannon with Amsterdam proofmark. From 1733 Fleet. $23,000
1038 Gold And Red-Coral Rosary, Complete from the 1715 Fleet. 30,000

Prices realized: You can find a complete list of prices realized by clicking here.


Jorge Proctor and Augi Garcia Barneche

What’s next? Now is not too early to consign to our Treasure and World Coin Auction #17, tentatively scheduled for the last week of April, 2015 (more details coming soon). In fact, the deadline will be here before you know it, so please contact us soon. At the moment we are looking for significant collections of cobs and choice Latin American coins. We will be on hand to collect consignments in person at FUN, Vero Beach, NYINC and Long Beach during the month of January.
We are also looking forward to another great live floor event next year, now a must-attend event for fellow numismatists and collectors, tentatively set for October 27-30, 2015. Watch for details next summer, but we invite collectors now to make arrangements for this event ahead of time. Just save the date! Finally we thank our consignors and bidders for making this event a success and we look forward to working with both in the year to come.

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