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March 2019
This
month’s Guessing game!
Here is a little guessing game to start us off this
month. How much is a one cent REVENUE stamp worth, do you think? I was
in Hong Kong this week for Chinese New Year, so this one caught my eye.
Take a
guess on value of this?
Well it would not catch my eye to be honest, but it is
worth more than a 1913 First Watermark
£2
Kangaroo! So, if you see one, do not pass it by. A UK
dealer member of stampboards.com is listing it up for sale at
£4,000 - near $A8,000. The last one recorded offered, got £4,901 on
ebay. Weird world.
World Record Price for a Revenue??
I feel sure this $A11,650 is certainly a world record
price for any Australasian Revenue or Duty stamp. Not sure if even
British stamps get prices like that? I’ve advised John Barefoot in UK
of actual sales of the 1d SA, as his Revenues catalogue is absurdly
outdated on this, and he is working on a new one now.
Who was Sir Gawaine Baillie?
I was mailing this pretty pair of Bermuda 10/- KGVI scarce shades shown
nearby today, that came from the amazing $A40 million stamp collection
formed by Sir Gawaine Baillie, and it occurred to me 99% of collectors
really have no idea of who he was, as he was so secretive all his life.
2 of the 100,000 Baillie stamps.
So for the record I’ll add some background on this collector - NOW
one of the most famed of the Twentieth Century without a doubt, and
who is widely acknowledged to have formed the second greatest collection
of British Commonwealth stamps ever - second only to the
Royal Collection.
The stamp you see below. It is the standard HK design for STAMP DUTY,
1903 issue from KEVII era, and has the usual red crimped fiscal cancel -
this one for 28-12-04. If you saw it in a circuit book, or
dealer stock for a few bucks, or in an old album, would it catch your
eye?
And if you think that is a lot for a ONE CENT revenue, how about the ONE
PENNY one shown below? It is a South Australia 1902 KEVII 1d Stamp Duty
stamp with inverted centre. The central King's head vignette, and the
value panel is inverted as you can see.
At
least 7 are recorded, which in the "scarce" Revenue orbit is a
rather large number usually. Often items with only a couple of copies
known to exist still change hands for rather modest 3 figure sums,
when compared to their “postage stamp” cousins.
The estimate at the Prestige Auction this sold at some years back, was
$A4,000. The Buyer bid $A10,000, which with all the ubiquitous auction
add-ons and GST etc, saw it invoiced to him for about $A11,650.
Gary Watson from auctioneer Prestige Auctions told me after the sale: "it
was part of a deceased estate out of Adelaide - not Victor Bullock. The
under-bidder at $9,750 may be quietly cursing, as he also missed the one
at Stanley Gibbons earlier this year which sold for $A8,912.
"The buyer is
overseas and also owns the very valuable and unique KGV 2d red
tete-beche pair, and the similarly unique 6d Western Australia Lake
Lefroy Cycle Mail tete-beche pair"
Watson concluded.
His family did not realise he collected stamps, nor did his best
friends. Baillie never exhibited his stamps, and never joined any stamp
clubs or societies, or attended any stamp auctions, or visited stamp
dealer shops, or even attended shows as far as we know.
Never has detail on it all been pulled together in one place, and
drawing on a lot of sources, and a full day of time, I have made an
attempt to come up with a summary of the background to this remarkable
stamp collector, and will highlight many of his most prized stamp
pieces.
This rather eccentric English stamp collector died in 2003, aged 69.
Almost none of his family, or very closest friends, knew he even
collected stamps. No mention of philately in his obituaries etc.
Baillie did not exhibit, belong to clubs, attend auctions, or even
discuss stamps with those in his closest circle. |
Baillie beat Sir Jack Brabham!
Sotheby’s initially auctioned his superb
stamp collection over ten sales from September/October 2004 to January
2007, and those 10 sales were invoiced before any Government taxes etc,
for £15,975,438. This sum was the highest total ever achieved,
for any single owner series of stamp sales in Europe. |
Baillie Auction #3 was held in Melbourne.
He dealt only with a few well-established dealers, and they were unknown to each other, and were reportedly sworn to total and absolute secrecy, as to whom they were buying for. All dealers have a few clients like that, but I have certainly never had one who spent $A40 Million! |
Never liked computers.
It is stated Baillie personally eschewed all things computerised, and
even for his business used large handwritten ledgers, and accounts flow
charts and so on. As he died 16 years ago it is very conceivable, he
had never even looked at any online stamp Auction or dealer list etc -
in that era there were NOT many around at all, most especially in the
UK. |
Baillie won races in Australia.
He later on, variously raced American cars, such as Ford Galaxies, Ford Mustangs, and Ford Falcons. During his career he drove against racing greats such as Sterling Moss, Jackie Stewart, Jim Clark, and even beat 3 time World Champion, Australia’s Sir Jack Brabham in the 1966 British Championship - driving a Ford Falcon. Ballie stated his greatest win was in Longford Tasmania in 1965, in his huge 7 Litre V8, 428ci, Ford Galaxie. |
”The Big Bitch nearly killed me!”
“The big bitch nearly killed me!”
was the now famous expletive lament from legendary Lex Davison (4 time
Australian Grand Prix winner) after he narrowly escaped serious
injury/death following a big crash in co-driver’s Sir Gawaine Baillie’s
massive 7 Litre V8 Ford Galaxie, at the 1964 Sandown International Six
Hour race in Melbourne. |
Australia section invoiced over $3 million.
The Australian section stamp collection was sold in Melbourne by Sotheby’s, and was VERY strong in Mint Kangaroos and multiples, and was invoiced for way over $A3 million in July 2005. The auction catalogue for that sale is still a most useful reference work, and will have all readers drooling! Do source one. |
A Half Million dollar GB pane.
Stamp errors and varieties he liked, and blocks and multiples
especially. The Great Britain 1880 2/- brown, complete mint pane 20
shown nearby, with the usual “Wing Margins” at left is a fine
example. Excuse the fuzzy scan - from an auction 15 years back, when
images were much lower quality. It sold for an astounding
£240,800
- then well over $A500,000. |
Quite a Bill Gross donation cheque.
This donation was the largest ever received by Doctors
Without Borders, better known internationally as Médecins Sans
Frontières. The photo nearby shows Bill and Sue Gross (on left)
handing over a symbolic cheque for the hammer price of $US9,136,000 to a
delighted Dr. Portnoy from MSF at right. |
The KEVII "Glamour" stamp
The 1910 KEVII 2d Tyrian Plum is now in SG at
£115,000, taking the Gibbons value to 6 times what it was just a decade
or so back. Who said there was “no money in stamps”? Auction
results support the current catalogue price on SG 266a. |
Auctioned for over £100,000
A huge number of the KEVII 2d Tyrian Plums were
initially printed - 100,000 sheets, totalling a whopping 24,000,000
stamps emerged from the printing presses - but today very few
remain. One is known on cover addressed to the incoming KGV - sent by
himself as then Prince Of Wales, and is in the Royal Collection. |
Record price for a KGVI stamp item.
Not all high prices were from the Queen Victoria era - in sale 10 he set
a price record for any philatelic item from the reign of King George VI
- which sold for £81,600 … then about $A215,000. This was for a Solomon
Islands 1939-51 2½d magenta and sage-green KGVI imperforate between
pair. |
Arthur
Gray £2 Sperati forgery Roo
This Die Proof price was comfortably ahead of the identical Arthur Gray
example auctioned a few weeks later in New York by Shreves. I bought
the Gray £2 Sperati forgery “used” example illustrated nearby for stock,
from the same sale. It has been through my hands several times since. |
a new Sperati £2 forgery type.
The slightly fuzzy print detail overall is a giveaway, as is the
“PAQUEBOT - Posted At Sea - Liverpool Ship Letter” cancel from
England. Only letters and postcards got that cancel, and Sperati has
taken a common
½d
or 1d Roo, and bleached colour out, to make this forgery. So far
unique, but others might be laying around un-noticed. Value about
$A5,000 each, genuine or Sperati - hence little $ difference! |
Sperati gave up on Tasmania forgery.
I also bought the Baillie used £1, 1892 QV Tasmania “Tablet"
Sperati forgery for stock at that sale, and it is shown nearby on the
Sotheby’s stockcard. I had just then bought back again, the Bynoff-Smith
Sperati Tasmania £1, and passed them both onto a client who now owns the
2 copies thought to exist, of his very rarest forgery from this region! |
Baillie Tasmania £1 Tablet Sperati.
At the time, some whispers were about, that Baillie owned material
possibly stolen from the Royal Collection. It was speculated some
material had been sold by Sir John Wilson, the curator of the Royal
Collection from 1938-1969. It appears true that Wilson was a heavy
drinker, and had taken stamps from the Collection without authorisation
- those were found in his home after his death. |
“Sell them for £1.”
Lady Margot Baillie was understandably delighted with the results of these initial 10 auctions of stamps. Each Auction sale has unsold lots of course, and she instructed Sotheby’s to offer all those 1,342 unsolds at one last Baillie “Missed Opportunities” sale on May 2/3, 2007. |
An undoubted bargain at £1!
That
sale was stated to be totally unreserved. Unless other bids dictated
otherwise, each lot was to open at £1. The catalogue included every
unsold lot from the ten previous sales. Each lot carried the original
description and estimate, with the original lot number referenced at the
end of each description. |
Another Baillie unsold lot.
Naturally there were several VERY expensive items in this
"unreserved" auction. Some were in the £20,000+ mark original
estimate. One such item is illustrated nearby - the Canada 1959 5¢ "Seaway"
inverted centre block, which had an original estimate of
£25,000-£28,000. |
Visit to Cocos/Christmas Islands.
I’ll bet every reader of this column owns
stamps and/or FDC from either or both the Christmas or Cocos Islands in
the Indian Ocean. Correct? Both are very widely collected and stocked. |
The Christmas Island Post Office.
Stampboards member ausfoo, based in Georgia USA recently made the 10,000
mile journey to go and visit both island groups, and visited the Post
Offices on both. He took heaps of photos of the inside of them and mail
and staffers, and mail transport etc. |
Big auction of Cocos Covers soon.
Interest in the stamps of both Territories
remains high globally. Abacus Auctions have a strong collection of
Cocos covers going back to Clunies Ross days from 1906, and is taking
place early March. I have a few of those Clunies Ross ivory token
private money here somewhere, I must dig out! |
Commercial or Philatelic cover?
The auction describers do not seem to have the same recollections, and
have not mentioned that, and for an $800 plus all fees estimate, I’ll be
interested to see if anyone else does recall the connection! Might be
addressed to himself, or from a mate there. Who knows, but agree that
Official on cover would be scarce, even if contrived. |
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