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Remote Outpost sells for HK$2,160,000 setting a world record at Spink auction in China
1917 (25 May) address label and part newspaper registered to Petrograd (St. Petersburg) and bearing pair of 7k. arms tied by a clean and readable strike of the ‘Ulankom in Mongolia’ c.d.s. with serial letter “a” with a second strike at left. The registration label, erroneously spelt “ULANKOMA” is just tied by the first c.d.s. and manuscript “57” in green crayon. Signed by Holcombe. Estimate HK$500,000-700,000.

HONG KONG.- On 16 January 2015 Spink China kicked off the marathon of fifteen sales held in January across all Spink offices.

The star lot out of the many hundreds of lots in five auction catalogues was the label used in 1917 from the Russian Post Office in Ulankon (Lot 2879). Sent by registered post to St. Petersburg, it is believed that this post office was only opened in 1917 and would have closed shortly after the October Revolution in Russia. This is the only recorded item of mail from this remote area in Mongolia. Spink offered this lot in the Fine Stamps and Covers of China and Hong Kong sale and achieved an incredible price of HK$2,160,000, setting a world record for a postal history item from Russian Post Office in Northwestern Mongolia.

Spink had a great privilege auctioning the David Tett’s Collection of Prisoner of War Mail in East Asia and Dutch East Indies. The military prisoners were divided into different camps. The Indian soldiers were held in Camp “I” in Ma Tau Chung in Kowloon. Only one item of mail sent from this camp is recorded. A special postcard sent by Bhagwan Singh to his brother in India dated 28 May 1942 (Lot 2079) realised HK$50,400, twice the estimate.

The Bonds, Banknotes and Coins of China and Hong Kong auction achieved impressive results with the highlight being lot 1089. The Hong Kong and Shanghai Banking Corporation was founded in 1865 in Hong Kong and began issuing banknotes in the same year. Only very few specimens of the very first series exist and notes from the late 19th century are only seen in either specimen or cancelled forms. The earliest available issued $100 is probably the 1901 series. The $100 in Lot 1089 is dated 1912 and the first of the series. The earlier issue of 1909 is similar but has a red reverse rather than the green reverse.

The 1912 date is, as far as Spink's specialists know, unique and as such a true gem. The condition is very fine and free from brush writing and repairs as often found on many notes from that period. The bidding started at HK$150,000 and quickly went up to HK$220,000 when a buyer called for HK$300,000. Another round of fierce bidding continued and the note finally hammered for HK$470,000, which places it amongst the most expensive Hong Kong banknotes sold.

To sum up this weekend, many of the clients attended the collectables gala and enjoyed the whisky tasting before the Wine and Spirits sale that saw all Ports, Japanese whisky and Macallan whisky selling well. Spink is pleased to continue selling the Macallan brand in their auctions after achieving a world record of HK$1,952,000 for a full cask of this whisky in July 2014.

Today's News

January 20, 2015

Remains of at least five people found in Alexander the Great-era tomb in Amphipolis

The San Diego Museum of Art announces two major acquisitions by Sorolla and Zurbarán

Rediscovered photos and collages by Barbara Hepworth shed new light on sculptor

An unseen photograph from a 150-year-old camera acquired by the National Portrait Gallery, London

Historic 1964 Ferrari 250 LM races to an impressive $9.6 million as records tumble at RM's Arizona sale

Exhibition of works from 1958 to 1980 by Kenneth Noland on view at Cardi Gallery in Milan

Matters of Pattern: Exhibition at Skarstedt Chelsea showcases a provocative group of artists

Acorns from 7000 Oaks seed new artwork fulfilling Beuys' hope to plant an oak wood in Scotland

Peace guns by leading contemporary artists to be auctioned on 28 January at Bonhams

Remote Outpost sells for HK$2,160,000 setting a world record at Spink auction in China

Solo exhibition by Los Angeles based artist Devin Troy Strother on view at Marlborough Chelsea

The Vincent HRD Series-A Rapide once rescued from scrap now offered at Bonhams Stafford

34th annual Dogs in Show & Field Auction announced at Bonhams New York

First solo exhibition in Italy of the German artist Katharina Hinsberg opens at Galleria Marie-Laure Fleisch

Shy Maria Sharapova loves karaoke, art and architecture

Masquerade and other Apologues: Exhibition of works by Anant Joshi opens at Chemould Prescott Road

Arslan Sukan's first solo exhibition in New York opens at Five Eleven

David Risley Gallery in Copenhagen opens group exhibition

MOTINTERNATIONAL Brussels announces the first solo exhibition of Florian Roithmayr in Belgium

Records shattered at $15.25 million World & Ancient Coins NYINC events

American photographer Tina Barney depicts privileged lifestyles of European subjects

Richard Long to be honoured as Whitechapel Gallery Art Icon

Works by five contemporary artists acquired by the Scottish National Gallery of Modern Art

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5.- Exhibition in San Francisco focuses on the latter half of René Magritte's career

6.- 'Mad' king Ludwig II of Bavaria lost gift to composer Richard Wagner gets rare show

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10.- Berlin's Ethnological Museum returns grave-plundered artefacts to Alaska

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