News

16.03.2016 - Dupont’s collection of British Guiana: again under the hammer?

(wm) Not so long ago, on 29 June 2014, during a press meeting, auctioneer David Feldman said: "In my forty years as auctioneer I've never seen that each and every lot was outbid, that their estimates were multiplied and as a result not a lot remained unsold!" And he was right: bidding at his auction was fierce, not alone between the collectors in the auction room in Geneva, but also on the phone and via the Internet. The result was that Feldman realised a turnover that, at the end, was 500% higher than was estimated before the sale. It took no less than three and a half hours to sell all 131 lots. With 100% of the lots sold and a total return of more than six million euros, the auction exceeded all possible expectations.
What Feldman could not know, however, was that sheikh Saud bin Mohammed bin Ali Al Thani from Qatar acquired almost every lot of the auction, directly or by buying the lots that the other bidders had won. In the end, the sheik was not able to pay for the lots he acquired. Rumours were heard that legal action would be undertaken, but since then nothing has been communicated about it. The sheikh died at the end of 2014, due to natural causes.
Fact is that in the ‘Summer Auction Series’ of David Feldman (6 to 11 June 2016) "Rarities of the World" are offered, including a "Tatiana"-collection of British Guiana. It will therefore be interesting to see what Feldman has in store for his clientele.

Website ‘Linn’s Stamp News‘, 18 December 2014