News & Blog

Record set for Greek Coin

Posted on Fri, 6 January 2012 by Carol - General News, Coin News

The much anticipated sale of the spectacular Prospero Collection indicates that the team at Baldwin’s had a lot to smile about. Although results are still in the process of being confirmed initial figures released by the company state that the sale total for all 642 lots is approximately US$25,000,000 (including buyer’s premium at 17%), more than double the pre-sale estimate. Lot 213, the catalogue cover coin, broke all previous world records for an ancient Greek coin, selling for a phenomenal US$3,250,000 (hammer). This superb example of a gold stater from Pantikapaion depicts the head of a satyr, a character widely used in Greek mythology. Due to its incredible rarity it was no surprise when bidding soared past the pre-sale estimate of US$650,000. Around 200 bidders were in attendance for the most significant auction of ancient Greek coins in the past 20 years. Excitement grew in the Vanderbilt suite at the Waldorf Astoria hotel as lots proceeded to sell for four and five times their pre-sale estimates. See the March issue of Coin News for a full report of this landmark sale.