US rarities set to be sold by William H Gross in series of high profile sales
US auction house Robert A Siegel have announced details of the sale of the William H Gross Collection of ‘United States Stamp Treasures’, describing the chance to buy the rarities as ‘the opportunity of a lifetime’.
The new series of sales is the latest, and perhaps the last, in a series of high profile auctions offering rare items from the collection of philatelist and founder of investment firm PIMCO, Bill Gross.
Over the past decade Gross has sold rare stamps and covers from a variety of locations, with the proceeds of the sales going to charity. He also donated $8 million to create the William H. Gross Stamp Gallery at the Smithsonian National Postal Museum.
Writing on the Robert A Siegel website, auctioneers Charles F Shreve and Tracy L Carey said:
‘Earlier auctions of Great Britain, British Commonwealth, Western Europe, Scandinavia, Confederate States, Switzerland and Hawaii have generated more than $26 million, all of which has been generously donated to worthy charitable organisations.
‘What remains of Mr. Gross’s collection is the heart of it – the United States stamps and covers. Beginning with the first sale of United States Stamp Treasures in September 2018, all of it will ultimately be returned to the market… Later sales will continue to feed the market with multiples, covers and fancy cancellations, and the very last part to be offered will be the collection of singles in Mr. Gross’s Scott U.S. National Album.’
The first sale of the collection will feature around 150 items and is set take place in September 2018.
With many incredible rarities on offer, the sale is expected to break the $9.1 million record for the total realisation of a one-day stamp auction, a record created when the sale of Gross’s Great Britain collection took place in 2007.
- A unique block of four of the 1869 24 cents pictorial with inverted centre, which is estimated to fetch between $750,000 and $1 million
- 2 cents Blue Hawaiian Missionary stamp, which has appeared in a variety of renowned stamp collections over the years
- A unique Pony Express cover to Prince Edward Island, set to sell for up to $400,000
Read more about the sale in the April 2018 issue of Stamp & Coin Mart magazine.