Kolbe & Fanning Numismatic Booksellers and German firm Fritz Rudolf Künker GmbH & Co. KG jointly held an online eLive auction of the second part of the outstanding and comprehensive library on ancient numismatics formed by New York coin dealer Herbert Kreindler on Thursday, February 13. The sale brought exceptionally strong prices, attesting to continued demand for both standard references and rare and out-of-print titles. Aggressive bidding from clients around the world resulted in record prices for many works, especially classic auction catalogues. Many lots sold for multiples of the estimates; overall, the sale realized approximately $154,000 on a pre-sale estimate of $72,900: an amazing 212% of estimate.
The auction highlights the growing strength of the market for numismatic literature and comes a month after Kolbe & Fanning Numismatic Booksellers held their annual New York Numismatic Book Auction on January 11. The auction, which included Part I of the Kreindler library, brought over $900,000.
For more information, or to download the full prices realized list, see the Kolbe & Fanning website.
About Kolbe & Fanning
Kolbe & Fanning Numismatic Booksellers is the largest and longest currently active rare numismatic literature firm in the world. Established in 1967, our first mail-bid sale was held in 1976 and today we average four mail-bid or public auction sales per year. The firm is a member of the International Association of Professional Numismatists.