R.M. Smythe & Co. held 6 auctions in 2007 offering historical autographs, currency, coins, stocks, bonds, antiques and even two cannons. While compiling a list of the more interesting lots that sold in 2007, the one unifying factor that fits all of the items listed is that collectors were looking for quality merchandise. This relentless search for quality became evident in heavy bidding activity resulting in final bids that in many cases far exceeded pre-auction estimates and set new auction records. Of particular note was the December 12-13 sale #275 of part 13 of the Schingoethe collection of obsolete currency, which saw many notes selling for up to 10 times their presale estimates, with 94% of the 1162 lots sold at the final gavel (See http://www.news-antique.com/?id=783436 ). Although interest in obsolete currency was very high, it represented just a small portion of the antique and collectible merchandise that saw very active bidding on the Smythe auction floor in 2007.

Posted: 01|31|08 at 10:27 pm. Filed under: Auction News.