Document

Prices RealisedNovember 22-27, 2004

David Feldmanworld leading stamp auctioneers

www.davidfeldman.com

Astounding prices, intense biddingand busy auction rooms were the

hallmarks of the latest auction heldby David Feldman SA,

Nov. 22-27 in Geneva, Switzerland,which featured the participation

of dozens of real-time bidders on the Internet.

At times, over 50 web bidders were connected live, and they

sometimes took over the biddingfrom those physically present in

the auction room. Several sections doubled or trebledthe pre-sale estimates overall, andindividual lots throughout the saleoften soared to astonishing levels.

...............................................................

Next auction

May 15-18, 2005

Presently inpreparation

David Feldman SA � 175, route de Chancy � P.O. Box 81 � 1213 Onex, Geneva � SwitzerlandTel: +41 (0)22 727 07 77 � Fax: +41 (0)22 727 07 78 � [email protected] � www.davidfeldman.com

Do you know ?

- David Feldman has auctioned more Grand Prix and Large Gold Medal Collections than any company in the history of philately ?

- David Feldman has achieved more World Records than any company in the history of philately ?

- David Feldman holds all the important Highest Prices for the greatest items in philately ?

Greece The “Sparta error”10248 Est. CHF 130’000 Result CHF 224’000

L a t e s t D a v i d F e l d m a n A u c t i o n s B r i n g C r o w d s , R e c o r d P r i c e s , Wo r l d - W i d e B i d s v i a I n t e r n e t

The Autumn series of auctions by David Feldman SAof Geneva, Switzerland featured many instances offurious bidding for select lots which often carried thefinal results to multiples of the estimates. This wasequally true for the Collections & Lots section as for top Holy Land exhibit items, for British Empire as wellas classic Greece.

Held November 24-27, the sales began with theRosedale Collections of Holyland and Holocaust material. Several prominent collectors battled for thetop showpieces. For example, the only known Ottoman“Succursale…de Notre Dame” postmark of Jerusalem,on a postcard, was estimated at CHF 10’000, opened atCHF 16’000 and was hammered down for CHF 33’000(results given include 18% buyer’s commission). AnAustrian Offices first issue three-colour franking cover,considered one of the finest Holy Land items extant,brought well over top estimate, CHF 76’000, in the salesroom. In the Holocaust section, a collection of about100 “Judenrat” covers, estimated at CHF 8’000, broughtover CHF 35’000 after intense competition.

The fourth portion of the immense Greece LargeHermes Heads collection offered in several recent Feld-man auctions brought intense bidding both in Genevaand in a second sales room in Athens, as well as frommany bidders connected via the internet. Top items soaredwell above the estimates here as well. For example, the 186120L Athens Provisional printing with solid background, usedon cover, brought over CHF 76’000; the unique used 1875-8020L with control numbers inverted and on the front (thefamous “Sparta” error), estimated at CHF 130’000, broughtCHF 224’000. Lots throughout the sale at all price levelsbrought equally strong ratios to estimates, from buyers whoapplauded each other when prices reached dizzying heights.

The unique David Feldman service of providingbuyers world-wide with direct internet connection to the auction room would prove its value over and over in the auctions, as collectors from as far away as Estonia, Thailand, and USA (among well over 100 inter-net bidders from nearly 30 countries including Vanuatu)were eager participants throughout every section of theauctions, winning a fair share of the lots they bid on,often against bidders and agents in the room. The internet bidders’ participation and success riseswith each series of auctions.

The “All World” portion of the auctions had signifi-cant sections of classic France, Switzerland, BritishEmpire, better world-wide Zeppelin covers, Olympics &Thematics, including Polar postal history. In these areas,

too, there were many cases of bids soaring well pastthe estimates, and overall the trend was clear: attractive material, from proofs to stamps to postalhistory, will find ready buyers in the global market-place provided by David Feldman SA.

The special semi-annual auction of “Rarities of theWorld” offered 120 distinguished lots from all over theglobe. Airmail rarities included the Colombia “Cartoons” set (Scott C2-10) which brought CHF 33,000against a Scott catalogue value of $33,400 and a blockof the Newfoundland 1932 $1.50 Dornier Do-X invertedsurcharge, one of two known, which fetched over thehigh estimate at CHF 65’000.

Among classic items in the same auction, the famousBrazil first issue 90r used block of 17, ex-Newbury, soldfor nearly CHF 50’000. Great Britain’s “Penny Black”used on trans-Atlantic cover soared to over double theestimate, about CHF 38’000, while a magnificent coverwith the 1858 54p “Bull’s Head” of Rumania broughtCHF 52’000. Among more modern material, a 1903Thailand postal card used from Laos to Russia withFrench Indochina franking realised over CHF 35’000.

The ever-popular sessions devoted to Collections& Estates saw an auction room often packed to capacity, plus bidders on the internet, lock horns over850 lots which some commented were the strongestoverall offering in many years. Fresh collections andaccumulations brought several multiples of the estimates from those who had the opportunity to viewand evaluate them. No area was neglected in thebidding, and British Empire was particularly strong,as were France & Colonies, and cover lots from several estates included in the auction.

The David Feldman company holds auctions in theSpring and the Autumn of each year. They have consistently set the world’s records for prices achievedin every area of philately, and work closely with goldmedal and Grand Prix exhibitors in building and marketing their collections.

The company’s next auctions, scheduled for May of 2005, are currently in preparation, and consign-ments are eagerly sought and accepted daily throughthe end of January.

Please contact: David Feldman SA at 175, route deChancy, 1213 Onex, Geneva, Switzerland. Telephone: +41 (22) 727 0777; Fax +41 (22) 727 0778;e-mail [email protected]

November 2004

Press Release - David Feldman November 2004 Auctions - Geneva, Switzerland

Greece

10000 400010001 7000

10002 22010003 22010004 700

10005 13010006 22010007 20010008 16010009 75010010 400010011 120010012 38010013 38010014 1400010015 85010017 34010018 2400010019 220010020 15010021 11000

10022 13010023 1400010024 80010025 40010026 13010027 800

10029 60010030 14010031 220

10032 26010034 85010035 60010036 550010037 65010038 5010039 2400010040 10010041 80010042 200010043 120010044 750010045 44010046 100010047 19010048 600

10049 200010050 260010051 260010052 60010054 140010056* 6500010057 3800010058 850010059 700010060 11010061 5010062 60010063 750010064 420010065 650010066 60010067 19010068 14010070 65010072 26010073 11010074 55010075 75010076 5500

10078 320010080 34010081 55010082 160010083 26010084 22010085 170010087 22010088 95010089 400010090 18010091 190010092 48010093 2000010094 36010095 1400

10096 190010097 16010099 70010100 11010101 140010102 17010104 240010105 340

10106 20010107 50010108 20010109 26010110 110010111 800010112 8010113 36010114 6010115 34010116 75010117 110010118 95010119 40010120 85010121 700

10122 95010123 1600010124 10010125* 30010126 15010127 1000010128 1800010129 7500

10130 26010131 26010132 26010133 75010134 200010135 18010136 220010138 2000010139 400010140 55010141 22010143 7010144 40010145 34010146 16010147 600

10148 130010149 95010150 40010151 24010153 20010154 260010155 30010157 6500

10158 75010160 100010161 85010162 22010164 1900010166 38010167 9010169 60010170 60010172 550010173 550010175 19010176 38010177 15010178 9010179 400

PRICES REALISED (CHF)David Feldman SA Geneva, November, 2004

Lot Result Lot Result Lot Result Lot Result Lot Result Lot Result

3All prices are in Swiss Francs and do not include 18% buyers’ premium and chargesLots not included in this list were either withdrawn or did not bring a bidPrices may include lots bought back under reserve

10039 Est. 10’000 Result 28’320

10001 Est. 4’000 Result 8’260

10056 Est. 40’000 Result 76’700

10128 Est. 8’000 Result 21’240

10180 32010181 70010182 32010183* 110010184 90010185 150

10186 85010187 500010188 28010189 80010190 55010191 22010192 9010193 280010194 20010195 320010197 130010198 340010201 22010202 1600010204 10010205 800010206 14010207 120010208 110010209 13010210 320010211 1600010212 300010213 70010214 5510215 4210216 5010217 100010218 90010219 22010220 10010221 11010222 65010223 19010224 22010225 80

10226 240010227 200010228 160010229 38010230 65010231 170

10232 17010234 55010235 65010236 16010237 15010238 28010239 40010240 24010241 20010242 220010243 48010244 13010245 170010246 95010247 420010248 19000010249 42010250 19010251 15010252 38010253 46010254 4010255 200010256 18010257 8010258 95010259 55010260 260010261 90010262 28010263 460010264 18010265 6010266 28010268 550010270 750

10271 12010272 22010273 42010274 280010275 100010276 750

10277 220010278 70010279 42010280 40010281 650010282 2200010283 800010284 260010285 110010286 55010287 470010288 460010289 60010290 180010291 850

Asia Minor

20000 460020002 150020003 50020004 30020005 190020006 110020008 80020009 65020011 110020012 60020015 95020016 42020017 20020018 24020019 4600

20020 70020021 1300020022 100020023 130020024 48020025 1200

20027 80020029 30020030 32020032 140020033 300020034 55020036 50020037 240020041 30020042 130020045 50020047 70020048 40020049 160020051 65020052 32020053 1600020054 440

20056 28020057 48020060 22020061 30020063 75020065 9000

20066 120020067 280020068 22020069 50020070 22020071 280020072 26020073 60020074 90020075 30020078 60020079 60020081 50020084 65020085 1100020086 240020087 50020088 220

20089 650020090 140020091 2800020092 42020096 80020101 110020102 160020104 110020105 110020108 40020112 70020113 140020120 30020121 38020124 150020128 42020129 75020135 600020139 60020141 44020142 140020143 600020144 2800



4 All prices are in Swiss Francs and do not include 18% buyers’ premium and chargesLots not included in this list were either withdrawn or did not bring a bid

Prices may include lots bought back under reserve

20053 Est. 3’000 Result 18’880

20091 Est. 10’000 Result 33’040

10282 Est. 15’000 Result 25’960

20145 20020146 180020147 50020148 180020149 420020150 80020151 48020152 70020153 480020154 130020156 400020157 500020158 25020159 75020160 40020161 22020162 6500020165 600

20167 42020168 50020173 50020174 750020175 550020176 190020177 1500020178 95020179 150020180 95020181 120020182 420020183 550020184 1200020186 90020187 550020188 30020191 30020192 150020194 48020197 320020198 440

20199 22020201 600020202 140020203 30020204 200020206 220020207 70020208 160020209 100020210 300020213 55020214 70020215 260020216 600020218 500020220 65020221 30020222 1100

20223 18020224 42020225 55020226 700020227 20020228 700020229 16020230 20020231 700020232 160020233 170020234 30020235 380020236 550020237 42020238 750020239 380020240 300020241 130020242 170020244 50020245 1100

20247 32020248 40020249 32020250 30020251 20020253 40020254 20020255 32020256 95020258 42020259 22020260 40020262 26020264 26020265 65020266 160020267 200020268 2000

20269 190020270 340020271 1500

20272 95020273 4000

20274 180020275 60020276 900020277 380020278 320020279 750020280 95020281 2600020282 90020283 200020284 3000020285 200020286 160020287 160020288 200020289 90020290 320020291 160020292 100020293 42020294 280020295 340020296 600

20297 180020298 650

20299 120020300 44020301 1200020302 30020304 130020305 650020306 65020307 200020308 150020309 400020310 40020311 60020312 42020313 750020314 80020315 130020316 300020317 260020318 220020319 400020320 30020321 48020322 1100

20323 160020324 650

20325 55020326 70020327 50020328 34020329 30020330 160020331 30020332 36020333 2200020334 650020335 55020336 38020337 460020338 140020339 120020340 60020341 85020342 200020343 120020344 220020345 170020346 200020347 60020349 34020350 65020351 160020352 65020353 150020354 75020355 50020357 170020358 36020359 95020362 46020363 80020364 40020365 48020366 40020367 24020368 70020369 550020370 320




20162 Est. 40’000 Result 76’700

20177 Est. 6’000 Result 17’700

20184 Est. 1’600 Result 14’160

20371 260020373 34020376 36020377 55020380 26020381 38020382 95020383 110020384 500020385 8500

20386 200020387 170020389 440020390 280020391 80020393 40020394 220020395 220020397 240020398 420020399 3800

20400 36020401 160020402 800

20403 48020404 280020405 130020406 26020407 55020408 70020409 12020410 15020412 50020413 1200

20414 220020415 50020418 85020419 38020420 38020421 220020422 75020423 28020424 28020425 85020426 260

20427 32020428 36020429 220

20430 34020431 48020433 28020435 32020437 42020438 70020439 42020440 200020442 160020443 1000

20444 18020445 80020446 38020447 40020448 100020449 40020450 32020453 20020454 42020455 1300020456 7500

20457 220020459 60020462 700

20463 50020465 400020466 65020467 95020468 220020473 65020474 30020475 12020477 48020480 10020481 50020484 110020485 150020486 60020487 30020488 60020489 75020490 40020491 40020492 40020493 48020494 80020495 170020496 36020497 50020510 800

20511 36020512 32020513 16020514 130020515 180020516 42020517 500020519 340020520 80020521 130020522 70020524 90020527 260020528 240020529 42020530 600

20531 260020533 46020534 11020535 340020536 360020537 85020538 65020539 75020540 75020541 80020542 70020544 220020545 100020546 100020553 200020554 340020555 160020559 440020560 700020561 75020564 160020566 120020567 160020568 300020569 220020570 2200

20571 380020572 500020573 300020574 340020575 90020576 170020577 550020578 220020579 220020580 220020581 240020583 220020584 340020585 500020586 320020587 4000

20588 650020589 240020590 190020591 60020592 280020593 110020597 75020602 70020615 65020619 180020620 460020621 60020624 36020626 100020630 50020631 60020633 30020634 46020637 70020640 32020641 220020642 65020650 40020651 50020653 160020654 800

20658 110020659 825020661 50020663 480



6

20560 Est. 6’000 Result 8’260

20456 Est. 2’000 Result 8’850

20385 Est. 2’000 Result 10’030

All prices are in Swiss Francs and do not include 18% buyers’ premium and chargesLots not included in this list were either withdrawn or did not bring a bid


All World

30000 80030001 36030002 34030003 170030004 220030006 30030007 50030008 340030009 300030010 140030011 125030012 80030013 65030014* 40030015 200030017 500030018 100030019 140030020 320030021 70030024 5030025 18030026 60030027 300030028 48030029 320030033 20030034 80030035 80030036 80030037 140030038 30030039 20030040 32030041 240030042 300030043 65030044 240030045 150030046 170030047 100030048 20030049 100030050 190030051 26030053 360030055 70030056 40030059 22030060 30030062 20030065 34030068 220030071 400030072 400

30073 60030074 32030075 80030076 16030077 32030078 40030080 55030081 30030082 55030083 42030084 85030085 44030087 200030089 44030090 50030092 65030093 180030094 380030095 380030096 100030097 220030098 150030099 380030100 240030101 100030102 75030103 170030104 550030105 240030106 280030107 80030108 65030109 40030110 90030111 65030112 65030113 85030114 130030116 75030117 300030118 110030119 40030120 400030121 190030122 140030123 10030124 42030125 30030127 650030128 100030129 320030130 140030131 70030132 160030133 38030134 40030136 65030137 2000

30139 32030140 24030141 220030142 36030143 140030144 280030146 55030147 36030149 360030151 500030152 85030153 110030155 120030156 480030157 50030158 22030159 42030160 46030161 50030162 95030164 190030165 200030166 100030167 20030168 100030169 60030170 320030171 20030172 36030173 26030174 38030175 40030178 80030179 200030180 11030181 60030182 32030183 12030184 200030185 32030186 150030187 90030188 130030189 200030191 110030193 65030194 28030195 8530198 11030201 32030202 80030204 18030205 14030206 36030209 320030210 110030212 24030218 380

30220 24030222 13030230 30030234 20030237 950030238 360030239 80030241 180030242 40030246 24030247 500030248 26030254 12030256 120030258 42030259 500030260 220030261 32030263 40030266 42030267 32030268 360030272 180030273 42030274 90030276 30030277 30030278 30030279 34030280 55030282 80030283 5530284 44030286 20030288 20030289 42030290 50030291 18030292 100030293 30030294 40030295 130030296 90030297 150030298 30030300 32030301 34030303 130030311 150030315 100030322 70030327 20030331 32030332 11030335 40030337 190030338 42030339 420

30340 120030341 80030342 150030343 380030344 150030345 36030346 40030347 140030348 15030349 20030351 65030352 130030353 100030354 140030355 110030356 40030357 30030358 1400030359 40030361 20030363 140030364 28030366 200030367 95030369 60030370 400030371 150030372 95030373 80030374 65030375 75030376 60030377 85030378 120030379 600030380 360030381 42030382 100030383 80030384 240030385 150030386 90030387 40030388 170030389 46030390 140030391 280030392 130030393 150030396 85030397 22030398 65030399 65030400 360030401 480030402 75030403 20030404 440

30405 44030409 11030411 11030424 26030425 190030426 46030428 17030429 110030430 48030431 600030432 40030433 46030434 500030435 22030437 200030438 5030440 42030441 32030442 38030443 400030444 130030445 40030446 36030447 140030448 110030449 150030450 44030451 120030452 55030453 100030454 160030455 120030456 200030457 90030458 65030463 46030464 75030465 90030466 48030468 550030470 24030471 36030473 36030474 110030475 22030477 19030478 34030479 60030481 42030482 180030483 40030484 150030485 650030486 150030488 65030489 50030492 15030493 420




30494 38030496 55030497 65030499 50030500 65030501 110030502 50030503 180030504 100030505 160030506 160030507 160030508 240030509 150030510 75030511 220030512 17000

30513 220030514 600030515 240030516 200030517 75030518 130030519 220030520 75030521 65030525 190030526 130030527 170030528 130030529 26030530 1100030531 220030532 30030533 130030534 110030535 160030536 60030537 28030538 65030539 800

30540 160030541 55030542 46030543 65030544 80030546 34030547 110030548 90030549 55030550 28030551 42030552 90030553 90030554 100030555 65030557 130030558 800

30560 42030561 130030562 150030563 11030566 65030567 95030572 160030573 90030576 85030577 50030578 20030579 28030580 100030581 36030582 80030583 10030584 48030585 90030586 12030587 15030588 300030589 30030591 22030592 200

30594 65030595 20030596 55030597 40030598 75030600 24030601 130030603 14030605 95030606 34030608 11030609 42030610 24030611 10030614 100030615 38030616 100

30619 50030620 15030621 32030622 30030623 20030624 50030625 15030626 40030627 70030628 20030629 34030630 120030631 42030632 50030633 80030634 25030635 40030636 32030637 32030638 100030639 130030640 32030641 30030642 160

30644 38030645 65030646 20030647 48030648 65030649 42030650 50030651 40030652 20030653 65030654 40030655 100030656 40030658 26030659 22030661 170030665 60030667 100030668 260030669 62530670 50030671 60030672 160030675 110030676 24030678 120030679 90030680 24030681 32030682 48030683 48030686 20030688 42030689 60030690 20030692 150030693 140030696 260030700 30030704 42030707 95030711 48030713 100030714 42030717 65030719 55030721 75030723 20030724 240030732 340030734 22030736 140030737 42030739 110030743 110030744 22030745 50030746 1500

30747 160030748 85030749 32030750 30030751 95030752 5530754 200030756 480030757 24030758 32030759 280030760 18030762 55030764 190030765 15030768 50030771 80030773 28030775 50030776 22030778 120030779 100030780 150030782 130030783 10030784 70030785 22030786 8030788 30030789 8030790 32030791 18030792 30030793 26030794 22030796 300030797 150030798 90030799 1600030800 75030801 1600

30802 24030803 140030804 260030805 35030806 80030807 160030808 1100030810 34030811 105030812 48030813 110030814 240030815 120030816 380030817 320030818 30030819 40030820 60030821 700030822 240030823 65030824 40030825 100030826 170030827 150030828 90030829 200030830 340030831 140030832 150030833 34030834 160030835 34030836 38030837 110030838 140030839 70030840 140030841 120030842 22030843 360



8

30512 Est. 10’000 Result 20’060

30799 Est. 5’000 Result 18’880



30844 26030845 24030846 36030847 48030848 80030856 400030857 200030858 140030859 260030860 80030861 85030862 44030863 38030864 44030865 120030866 40030867 220030868 150030870 70030871 50030872 55030874 30030875 48030876 32030877 130030879 120030880 32030881 65030883 120030884 75030885 160030887 44030888 70030889 38030890 38030891 60030892 24030893 360030895 340030896 50030897 110030898 160030899 1800

30900 150030901 110030902 4200

30903 120030904 50030906 110030907 48030909 75030910 50030911 50030912 85030913 42030914 60030915 30030916 32030921 95030922 55030923 70030926 42030928 38030931 40030933 110030934 44030935 70030936 30030938 8030939 220

30940 3400030941 60030942 500

30943 48030944 550030945 220030946 200030948 28030949 190030953 220030955 38030956 800030957 130030958 260030959 300030960 110030961 480030962 1200030963 420030964 850030965 2400030966 650030967 180030968 260030969 240030970 750030971 130

30972 60030973 32030974 80030975 100030976 120030977 200030981 22030982 60030986 100030987 120030988 50030992 110030993 70031002 150031005 50031007 150031008 55031009 240

31010 24031011 24031012 42031013 24031014 42031015 24031016 130031018 220031019 130031020 240031021 70031022 30031024 70031026 280031029 110031030 85031031 85031032 40031033 60031034 380031035 35031036 55031037 48031038 320

31039 75031040 75031041 70031042 65031043 46031044 40031045 70031046 40031047 50031048 65031049 40031050 46031051 42031052 38031053 42031054 38031055 100031056 160031057 40031058 40031061 200031062 1100031063 120031064 500031065 42031072 320031075 320031076 85031077 80031082 50031083 950031086 380031087 120031088 550031089 1200031090 75031091 550

31093 80031094 55031095 70031096 65031097 2200031098 1600031099 1600031100 220031101 600

31103 55031104 65031105 100031106 480031107 240031108 1100031109 230031110 900031112 120031114 55031115 38031116 85031117 120031118 55031119 95031120 200031121 650031122 50031123 280031124 80031125 55031126 75031127 44031128 190031129 19031131 300031132 60031133 110031134 40031135 260031136 32031137 80031138 110031139 34031140 100031141 44031142 1600

31143 30031144 120031145 40031146 65031147 160031148 28031149 125031150 65031151 120



9

30940 Est. 800 Result 40’120

30964 Est. 5’000 Result 10’030

31089 Est. 7’000 Result 14’160

All prices are in Swiss Francs and do not include 18% buyers’ premium and chargesLots not included in this list were either withdrawn or did not bring a bidPrices may include lots bought back under reserve

31152 34031153 80031154 48031155 130031156 22031157 24031158 90031159 38031160 150031161 42031162 57531163 95031164 120031165 500031166 36031167 46031168 75031169 160031170 190031171 340031172 22031173 24031175 70031176 100031178 190031179 140031180 40031181 30031182 140031183 95031184 110031186 22031188 42031189 160031190 40031191 220031192 60031193 280031194 220031195 600031196 75031197* 200031198 340031200 300031201 180031202 44031203 300031204 360031205 1100031206 240031207 150031208 60031209 150031210 110031211 170031212 440031213 30031214 900

31215 160031216 750031217 42031218 160031219 36031220 85031221 150031222 75031223 32031224 1000031225 34031226 26031227 240031228 120031229 220031230 1100

Collections

40000 30040001 750040002 36040003 320040004 360040005 80040006 260040007 130040008 44040010 10040011 120040012 240040013 360040014 380040015 220040016 260040017 160040018 150040019 36040020 240040021 140040022 1900

40023 500040024 480040025 140040026 500040027 24040028 340040029 1300040030 50040031 38040032 200040033 46040035 16000

40036 280040037 85040038 240040039 220040040 900040041 30040042 200040043 360040044 190040045 150040046 900040047 700040048 240040049 50040050 400040051 380040052 180040053 38040054 360040055 36040056 24040057 180040058 42040059 1500040060 44040061 50040062 420040063 40040065 28040066 20040067 160040068 240040069 55040070 110040071 80040072 28040074 200040075 240040076 120040077 110040078 480

40079 260040080 300040082 28040083 3000040084 950040085 85040086 50040087 36040088 50040089 95040090 50040091 650

40092 170040093 110040094 320040095 24040098 38040099 160040100 300

40101 36040103 75040105 30040106 95040107 18040108 20040109 280040110 75040111 120040112 85040113 19040114 3000

40115 40040116 220040117 2600040118 260040119 480040120 3400040121 950040122 2400040123 480040124 700040125 240040126 850

40127 32040128 32040129 300040130 150040131 700040132 80040133 80040134 270040135 15040136 16040137 180040138 480

40139 400040140 750040141 200040142 200040143 3800040144 7000040145 4000

40146 1200040147 200040148 40040149 3400040150 320040152 650040153 3200040154 110040155 55040156 26040157 130040158 650

40159 80040160 300040161 50040162 220040163 22040164 130040165 170040166 320040167 65040168 80040169 170040170 750040171 55040172 220040174 22040175 65040176 80040177 44040178 110040179 550040180 95040181 190040182 200040183 1000040184 110040185 80040186 140040187 70040188 6000

40189 160040190 80040191 190040192 280040193 85040194 1500040195 4800

40196 120040197 380040198 110040199 60040200 130040201 85040202 50040203 32040204 70040205 1200040206 110040207 750

40209 4600040210 240040211 280040212 240040213 220040215 400040216 140040217 150040218 140040220 24040221 95040222 130040223 75040224 130040225 230040226 100040227 420040228 29040229 700040230 120040231 340040232 280040233 160040234 800040235 48040236 150040237 380040238 50040239 340



10

Airmail collection

40083 Est. 16’000 Result 35’400

Great Britain collection

40117 Est. 10’000 Result 30’680

British Commonwealth collection

40149 Est. 10’000 Result 40’120



40240 300040241 140040242 75040243 13040244 80040245 240040247 260040248 380040249 30040250 240040251 65040252 22040253 34040254 240040255 140040256 850040257 42040258 32040259 600

40260 60040261 220040262 8500040263 200040264 55040266 300040267 550040269 320040270 200040271 180040272 32040273 140040274 260040275 85040276 140040277 48040278 500040279 100040280 240040281 220040283 80040284 170040285 220040287 260040289 130040290 150040291 32040292 46040293 100040294 40040295 220040296 170040297 2600040298 4000

40299 280040300 50040301 260040302 260040303 1000040304 400040305 190040306 130040307 420040308 110040309 180040310 180040311 220040312 260040313 34040314 32040315 320040316 240040317 320

40318 150040319 55040320 900040321 480040322 320040323 160040325 140040326 65040327 240040328 160040329 42040330 170040331 95040332 38040333 550040334 60040335 260040336 46040337 50040338 65040339 170040340 800040341 130040343 60040344 550040345 220040346 24040347 260040348 90040349 200040350 70040351 260040351A 1600040352 2600

40353 30040354 32040355 180040356 260040357 20040358 75040359 42040360 420040361 300040362 380040363 200040364 260040365 150040366 110040367 150040369 100040370 40040371 85040372 700

40373 55040374 55040375 17040376 10040377 110040378 360040379 260040380 140040381 460040382 200040383 180040384 40040385 130040386 850040387 32040388 170040389 55040390 310040391 65040392 24040393 160040394 140040396 50040397 220040398 85040399 110040400 16040401 800040402 130040403 160040404 28040405 6040406 30040407 4200

40408 50040409 170040410 85040411 24040413 40040414 1000

40415 2000040416 190040417 380040418 38040419 160040420 60040421 36040422 360040423 180040425 900040426 60040427 130040428 600040429 800040430 500040431 180040432 120040433 340040434 750040435 160040436 200040437 2000040438 110040439 280040440 200040441 200040442 360040443 1000040444 160040445 160040446 1500

40448 170040449 440040450 260040451 100040452 80040453 460040454 160040455 65040457 140040458 420040459 1900

40460 200040461 65040462 65040463 15040464 100040465 1300

40466 170040467 500040468 130040469 260040470 34040471 50040472 1100040473 65040474 600040475 260040476 240040477 440040478 24040479 60040480 90040483 220040486 19040487 70040489 75040490 150040491 130040492 180040493 130040494 420040495 70040496 170040497 400040498 280040499 95040500 700040501 6500

40502 340040503 19040504 60040505 20040506 240040507 40040508 10040509 26040512 220040513 140040514 1200

40515 20040516 20040517 26040518 90040519 150040520 3800

40521 75040522 65040523 360040526 32040527 38040528 80040530 55040531 28040532 42040533 260040534 170040535 850040536 220040537 28040539 220040540 42040541 200040542 260040543 38040544 160040545 100040546 80040547 32040548 170040549 95040550 220040553 190040564 40040565 380040566 180040567 4200

40568 300040569 110040570 130040571 240040572 900040575 800040576 1100040577 420040578 650040579 500040580 1200



11

New Zealand collection

40262 Est. 30’000 Result 100’300

Finland collection

40415 Est. 10’000 Result 23’600

Greece collection

40576 Est. 2’000 Result 12’980


40581 140040582 70040583 24040584 70040585 130040586 440040587 120040588 220040589 320040590 28040591 90040592 70040593 100040594 65040595 320040596 1300

40597 1800040598 26040599 65040600 75040601 480040602 170040603 60040604 750040605 1100040606 140040607 70040608 130040609 16040610 110040611 380040612 30040613 85040614 60040615 80040617 110040618 140040619 65040620 85040621 160040622 70040623 50040624 160040625 60040626 300040628 240040629 280040633 70040636 42040637 38040638 750040639 240040640 2600

40641 1100040642 170040643 55040644 38040645 160040646 75040647 50040648 30040649 220040650 310040651 300040653 200040654 30040655 190040656 95040657 1200

40658 300040659 100040660 110040661 100040662 300040663 70040664 190040665 220040666 150040667 2200040668 40040669 650040670 1100040671 220040672 130040673 65040674 700040675 480040676 1000

40677 110040678 110040679 70040680 30040681 48040682 320040683 1000040684 460040685 575040686 850040687 280040688 850040689 4000

40690 110040691 3600040692 1800

40693 36040694 32040695 32040696 1500040697 36040698 46040699 170040700 7000

40701 50040702 130040703 55040704 240040705 80040706 3200

40707 120040708 110040709 120040710 48040711 150040712 20040713 36040714 460

40715 48040716 70040717 65040719 50040720 36040721 240040722 46040723 95040724 75040725 170040726 160040727 280040728 1200

40729 75040730 14040731 420

40732 42040733 220040734 500040735 500040736 220040737 1000040738 280040739 300040740 550040742 170040743 180040744 1200040745 320040746 32040747 170040748 100040749 170040750 55040751 1000

40752 280040753 120040754 150040755 50040757 300040761 90040762 600040763 380

40764 150040766 32040767 380040768 2000040769 1600040770 440040771 190040772 30040773 40040774 130040775 34040776 40040777 480

40778 65040779 550040780 400

40781 48040782 32040783 160040785 300040786 38040787 160040788 100040789 110040790 400040791 60040792 40040793 100040796 46040797 200040798 90040799 34040800 60040801 130040802 2000

40803 340040804 60040805 110040806 380040810 75040811 85040812 100040813 190040814 22040816 170040817 80040818 1400040819 1400040820 340040821 140040822 360040823 190040824 34040825 120040826 50040827 300040828 10040829 220040830 55040831 360040835 750

40836 750040837 85040838 200040839 120040840 950040841 20040842 100040843 85040844 60040845 46040846 20040847 1700



12

Portugal collection

40667 Est. 8’000 Result 25’960

Russia collection

40696 Est. 3’000 Result 17’700

Asia collection

40744 Est. 2’000 Result 14’160

The Brady China collections

40768 - 40774 Est. 13’800 Result 52’274



Rarities

60000 2000060001 3200060002 750060005 1500060008 4200060010 2200060011 2200060012 420060013 850060014 2400060016 550060018 8000060020 2500060021 420060023 2200060024 2200060025 4200060026 1200060027 1500060028 1900060031 22000

60032 1000060033 300060034 16000

60035 950060036 6000

60040 190060041 200060042 32000

60043 2800060044 30000

60045 2800060046 9500

60049 380060051 650060052 14000

60056 3200060059 14000

60062 1300060063 46000

60064 1600060066 200060067 600060070 500060072 500060075 850060079 1800060080 4200060081 1100060082 1400060083 480060084 3200060085 5500060089 950060090 650060092 950060093 480060094 4400060096 700060097 1100060098 9500

60100 950060101 800060103 3500060104 400060105 950060106 1200060109 1000060110 1000060111 1100060113 750060114 500060116 1800060119 6000


Lot Result Lot Result Lot Result Lot Result

ERRORS ANDOMISSIONSEXCEPTED.

* = NOT EXACTLY AS DESCRIBED

60094 Est.25’000 Result 51’920

60008 Est.30’000 Result 49’560

60056 Est.10’000 Result 37’760

Lot Result


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CONSIGN NOW !David Feldman SA Geneva, November, 2004

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David Feldmanworld leading st

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as soon as possible to ensure

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..................................................

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David Feldman S.A.

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