News

27.03.2012 - Heinrich Koehler seeks independent confirmation of it’s record auction results
In recent years, the German auction house of Heinrich Koehler in Wiesbaden was able to realise a number of impressive auction results, with outcomes between 50 and 330 thousand Euros per lot.

In recent years, the German auction house of Heinrich Koehler in Wiesbaden has been able to realise a number of impressive auction results, with outcomes between 50 and 330 thousand Euros per lot. Certainly top results for the world of philately! But Koehler is not the only one who claims to have these spectacular results: other auction houses also boast dream results like these. But not unlike the situation on the fine arts market, a number of people have expressed grave doubts about the evocative results that the auction houses are claiming. Heinrich Koehler took up the gauntlet, in order to provide maximum transparency. The auction house asked the well-know independent auditors Baker-Tilly to screen all its lots that, since 2005, have been brought to auction and that yielded more than 50,000 Euros per lot. In other words: Baker-Tilly had to perform a real acid test!

Amongst the questions to be answered by the auditors were ‘Is it certain that the lots were actually admitted to the auction?´, ´Did the highest bidder receive a proper invoice?´, ´Did the buyer pay the bill for his lot(s) in full?´ and ´Has the original owner of the lot(s) been paid in full?´

The results of the audit of Baker-Tilly were very positive: all researched lots of more than 50.000 Euros were actually on auction, have been sold and were paid for by its buyers; also, all the original owners of the lots did receive their money. So Koehler may now proudly and correctly state that is has not been reporting bogus results and that it has not mislead or deluded buyers or sellers. The market situation and the position of the auction house have been reflected honestly by the communications that came from the Koehler auction house.

Those collectors that have the wish to part from their philatelic treasures are advised by Koehler to ask for written proof when certain auction houses claim that, in the past, they have been auctioning items with ‘dream results’, in order to prevent any disappointments.