Robert A. Siegel Auction Galleries

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wikicollecting

2015-06-26 10:45:59

Robert A. Siegel Auction Galleries is a philatelic auction house based in New York.

History

Siegel Auction Galleries has been a stamp auction house since 1930 and is based in Manhattan USA. It was founded by Robert A. Siegel who lived from 1913 to 1993 and was a respected philatelic auctioneer. Significant achievements in Siegel's career include receiving the Mortimer Neinken Medal in 1987.

1990 saw him being named the American Stamp Dealers Association Man of the Year and 1994 he was posthumously placed in the American Philatelic Hall of Fame.

Siegel Auction Galleries holds twelve auctions a year – their website can be found at: www.siegelauctions.com

Services and Expertise

The Siegel Auction galleries website has a comprehensive tools and Resources section which provides sellers and buyers with a plethora of knowledge and advice on the philatelic world. The Siegel Encyclopedia provides information on the evolution of the American postal system, dating back from 1792 and issue lists.

There are also checklists and census information for those wishing to build up a complete collection. The website holds the title of being the only auction house worldwide to be placed in the top 5% of Philatelic websites

Sellers wishing to sell all or part of their collections are able to sell their items outright or at auction. Their commission rates are set at 10% for sellers with a 15% buyer's premium. Verbal appraisals are offered for free and services for bidders include the option to place absentee bids by E-mail, telephone or fax if unable to attend on the say. Live internet bidding is also offered.

Siegel Auction Galleries also offer the Siegel Guarantee which guarantees a minimum auction realisation price and full insurance for estate executors.

Departments

Robert. A. Siegel Auction Galleries buy and sell a range of items from the philatelic world including autographs and ephemera. They have been responsible for the sale of many prestigious named collections including Scarsdale, Morris, Rose, Lilly, Cole, Kapiloff and Grunin.

Often auctions are specialise to a certain field such as Confederate stamp and single-owner sales are also held. There is also a yearly Annual Rarities of the World sale.

Notable sales

In 2006, an 1847 cover named The Rush sold for $138,000

In 2007, an Inverted Jenny from 1918 was sold for $977,500 – this set the world record price for a 20th century stamp from the United States. A block of four were sold in October 2005 for a $2,970,000.

Other record prices include the 1-cent Z Grill, which realised $935,000 in October 1998 setting the record for a United States stamp (used.) and a 2c Hawaiian Missionary cover which achieved $2,090,000 in 1995.

In 2008, a 2,000 lot sale of U.S. Stamps sold for $3.067million ($3.527 million with the buyer's premium.)

Notable sales for single items included £105,000 for a 10c Panama Pacific (PSE Gem 100); $15,000 for an 8c Kansas (Gem 100) and $170,000 for a $5 imprint strip from Columbia.

Also in 2008, a Brazilian 'pack strip' featuring stamps in 30 and 60-reis denominations sold for $2,185,000.

In 2009, total auction sales for the year were placed at over $44 million.

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