World Banknote Auctions 1 1

[Fenntucky Mike]

They haven't had any auctions running for at least the last two weeks, wonder if they just ran out of material or if something else happened. They don't have any upcoming auctions listed currently, website says they are working on their next catalog, I guess we'll see when the next auction is, they were running one every two weeks or so with then next one ready to go. 

I've bought several notes from them over the last few years, they usually have some decent notes for sale. 

[GoldFinger1969]

Who's they -- HA ?  SB ?  GC ?

[Fenntucky Mike]

On 3/23/2024 at 1:25 PM, GoldFinger1969 said:

Who's they -- HA ?  SB ?  GC ?

https://www.worldbanknoteauctions.com/ 

They, WBA, typically have a good selection of notes, including U.S banknotes. They sold off a few large collections from some prominent collectors but it's unusual for them to have no current or upcoming actions listed. I've picked up many a note from them and the prices are not outrageous normally, you could usually score a good deal once and awhile. 

Here is a link to their past auctions. https://bid.worldbanknoteauctions.com/auctions/past 

Edited March 23 by Fenntucky Mike

[Fenntucky Mike]

This sucks! Looks like WBA was sold off to Stack's Bowers and that all current consignments will be sold through SB. I imagine that WBA will stay open for a short time to continue to accept consignments but will eventually be shut down. Too bad, WBA always had a nice selection and a wide range of notes, low end and high end, you could usually pick up notes from time to time at reasonable prices. I have a feeling prices realized are going to go up now that everything is going to SB and that selection will be down. Maybe they'll keep WBA auctions going with notes at the lower end of the price scale.  There is still plenty of smaller auction houses to shop at, just disappointing since WBA usually had decent material.

upcoming auctions | consign | stacksbowers.com

Stack’s Bowers Galleries, a global leader in numismatic auctions, proudly announces its acquisition of substantially all the assets of World Banknote Auctions. This strategic move sees the integration of World Banknote Auctions founder Dennis Hengeveld, a renowned authority in rare paper money and world coins, into Stack’s Bowers Galleries’ distinguished team of specialists. “Under the leadership of Dennis Hengeveld, World Banknote Auctions has achieved remarkable growth, with total auction prices realized surpassing $7 million in 2023,” said Brian Kendrella, President of Stack’s Bowers Galleries. “The acquisition of World Banknote Auctions and the addition of Dennis to our team underscores our dedication to the rare paper money category. Not only does it expand our offerings of rare notes for auction, but it also brings aboard one of the foremost paper money authorities and numismatic entrepreneurs, enhancing our roster of prominent experts.” “I am thrilled to unite with Stack’s Bowers Galleries and lend my expertise in banknote collecting to their esteemed brand,” said Dennis Hengeveld, President at World Banknote Auctions. “Together, we will continue to provide collectors with access to the finest paper money from around the globe, while upholding the high standards of integrity and professionalism for which Stack’s Bowers Galleries is renowned.” “In just the past three years, our banknote offerings have nearly tripled,” said Aris Maragoudakis, the firm’s Director of World Currency. “With the addition of Dennis and World Banknote Auctions, I anticipate our rapid growth to persist, offering collectors expanded access to rare currency and expertise, and further cementing our position as the premier auction house for high-end material.” All current consignments to World Banknote Auctions will be offered in future Stack’s Bowers Galleries auctions.  Mr. Hengeveld will operate from Stack’s Bowers Galleries’ new Sacramento, California offices and can be contacted at Dennis@StacksBowers.com. This acquisition follows the recent announcement of the sale of the L. E. Bruun Collection by Stack’s Bowers Galleries, featuring a significant Scandinavian banknote collection and one of the most remarkable world coin collections that exists today. Additionally, the banknote department will be showcasing collections from Eric Agnew, Al Kugel, John E. Sandrock and others later in 2024. For information regarding Stack’s Bowers Galleries auctions or to learn more about consigning to an upcoming sale contact the firm at 800-458-4646 or Info@StacksBowers.com.

Edited April 2 by Fenntucky Mike

[GoldFinger1969]

On 4/2/2024 at 11:58 AM, Fenntucky Mike said:

This sucks! Looks like WBA was sold off to Stack's Bowers and that all current consignments will be sold through SB

I think this is bullish for buyers AND sellers....stronger hands with SB....shows long-term fundamentals intact.....WBA with SB attracts more buyers and gets more inventory.

See how it shakes out, Mike.

[Fenntucky Mike]

On 4/2/2024 at 1:11 PM, GoldFinger1969 said:

I think this is bullish for buyers AND sellers....stronger hands with SB....shows long-term fundamentals intact.....WBA with SB attracts more buyers and gets more inventory.

See how it shakes out, Mike.

Bullish for buyers and sellers of high $ notes maybe but I fail to see how it would benefit people in the <$500 range. My prediction would be more high end material becomes available via SB and low end stuff is listed with too high an opening bid and/or gets lumped into multiple note lots that only resellers would typically want or pay a premium for. It was already shifting that way over at SB, now it will be worse. Guess we'll see. 

There are still plenty of small auction houses for me to bid on notes at, in addition to the biggies where I'll grab one or two notes a year. WBA was just a nice little auction house in the U.S. that sold world notes where you didn't have to setup wire transfers if you didn't want to, everything arrived in less than a week normally, and they had a real good selection. I'll miss it. 

Edited April 2 by Fenntucky Mike