The Malcolm Wade "Perak" Auction July 17th 2010
Report by Dominic Morris & Susan McEwen & pictures by Susan McEwen
1 of the 4 tables of lots laid out for viewing before the members arrived
The auction was a great success with over 92% sold ( 258 of 280 ) , and some fierce bidding (for one item we had postal bidders plus four in the room going for it simultaneously). Only 20 in the room but a strong and keen postal bidding contingent, attracted by the quality of the material and the excellent catalogue.
A couple of lots went for 10 times their reserve, and twice reserve seemed a common occurrence. Bids went roughly 50/50 to those in the room and postal bidders. The room bidders worked hard, sometimes successfully, but were against some determined postal bidding especially from Malaysia and Singapore.
Top priced item went to opening postal bidder for £680 (a lovely Pangkor registered cover). Scarcer postmarks sold very well with several items going in the mid-hundreds of pounds.
Malcolm evidently pleased by the result (the beaming grin from ear to ear was a bit of a giveaway). I won't say which item it was but Malcolm said 'I got that in a job lot of covers for a fiver the lot': it went for about a hundred times what Malcolm paid. Most people came away with something and Malcolm knows that his collection, though now dispersed, has gone to good homes and will give many Study Group members great pleasure in the years ahead.
At the end of the auction, Malcolm Wade thanked the auction team and said he hoped the new owners of this Perak collection will have as much fun with it as he has had.
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