Coronavirus: An important message from our CEO
Bringing you some good news in these uncertain times
I imagine, like me, this is just one of many such e-mails you have received recently.
Firstly, I hope you and your loved ones stay safe and healthy during these challenging times.
The situation with Coronavirus seems to change daily with new advice and measures being issued to combat the spread of the virus.
We have clients all over the world and we understand many of you will be confined at home.
For some of you I expect spending time with your personal collections is a welcome distraction from the current crisis.
Many of you will find it hard to think ahead right now with worries about jobs, savings, investments, pensions and security.
I can, at least, put your mind at rest on two things:
The market for rare stamps and other collectibles is proving its resilience at this time and recent worldwide online auction results are very encouraging
If you have your collection stored with us, it remains safe, secure and fully insured
You will understand the health and safety of our staff is of paramount importance to me and, as such, our team is largely working from home at this time.
We are lucky. Being, predominantly, an online business we can continue working remotely.
We remain fully operational. Our focus and commitment to providing you with the service you expect from us is unchanged.
Some disruption is, however, inevitable. Despatch and delivery of your collectibles may take longer than usual. In such situations, we will keep you fully informed of any expected delays.
What happens next?
These are unprecedented times, in my lifetime at least.
Many of us are wondering what happens next.
China had no further reported cases yesterday in the district where the outbreak occurred, as long as we can believe that information.
It shows there is an end to this, and that is the greatest worry for most people today…when will it end? When will it be safe for our families, our community, and everyone in the world?
The only vaguely comparable situation I can recall to this is the near total collapse of the global financial systems in 2008.
Back then, I recall writing a marketing e-mail “Where do you put your cash when the banks go bust?”.
I expected my e-mail to encourage 1,000’s of people to buy stamps as a portable tangible asset investment.
What actually happened was the exact opposite…
My e-mail was met with an eerie silence.
A few investment bankers did respond to call me some names which I won’t repeat.
I learned something about human behaviour I was perhaps too naive to appreciate back then.
In times of panic it is difficult for us to think rationally.
What surprised me was what happened three months later after the government bail-outs.
People gradually realised the end of civilisation as we know it wasn’t going to happen.
Many were sitting on wads of cash and were wondering what to do with it.
And you guessed it…
People came in their droves knocking on our door to buy rare stamps and other collectibles as an investment.
That is because the asset class had just been proven as a non-correlated investment.
In the past two weeks stocks are down 25% or so and even gold is down over 10%.
Meanwhile, in the collectibles market…
As you would expect, many room auctions have been moved to online only auctions.
Sotheby’s recently reported a surge in online buying and sales figures holding up despite attendance in the salesroom being significantly reduced.
This has been the overriding trend in recent years anyway with some of the big auction houses quoting only 15% of their bids coming from the room and with most winning bids being from the internet.
Recent auction realisations are looking very encouraging and collectibles are showing their worth as a safe haven in times of economic uncertainty.
Add to that, the British Pound is at an all-time low and I believe we will see a rush to buy rare stamps, coins and other collectibles a few months from now.
But, right now, I expect most people to focus on taking care of themselves and staying safe.
The CEO’s Collection
Irrespective of the desolation caused by the Coronavirus, we continue to stay busy…
Sourcing high quality rare collectibles for you.
We have acquired some really interesting rare stamps, coins, historical documents and memorabilia recently.
I would be remiss not to let you see them, irrespective of other priorities you undoubtedly have right now.
We have just made them available for sale…
As always, our team are here to help with your order or answer any questions you may have.
Please contact us on +44(0)1534 639998 or respond to this blog.
I wish you and your family continued good health and happiness.
CEO Just Collecting
PS. Because you may feel it is important to keep your funds in the short term in this period of maximum uncertainty, I am willing to offer you 3 month’s interest free credit on any of the items within the CEO’s Collection featured today. That way, there is no reason for you to miss out on these rarities today.
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