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Tuesday, September 25, 2012

Swann Galleries pen auction recap

The inaugural auction of Fine & Vintage Writing Instruments hosted by Swann Galleries on September 13 was a great success, bringing in nearly $250,000. 

Swann president Nicholas Lowry says, "Our first vintage pen auction was a crowded affair with active bidder participation both in the room and online. We are looking forward to the second auction, taking place this coming spring, as we have now firmly established ourselves in this field."

The first 45 lots sold without exception, and many met or exceeded expectations. A Montegrappa Luxor Blue Nile limited edition 750 was the top lot, bringing $5,520. Montblanc's Catherine the Great and Peter the Great, Patron of the Art Limited Edition Series, sold as a pair for $4,320.

Rick Propas, Swann's Fine & Vintage Writing Instruments specialist, said, "This sale showed the vintage Montblanc pens continue to be the "gold standard" for pen collectors around the world and that the market continues to focus on high-quality and good value pens."

Early Montblanc highlights were a1920s Simplo Original #8, $3,840; a Baby 18-karat solid gold night and day overlay safety pen, $3,600; and two Rouge et Noir pens with coral stars at cap tops, a #6 and a #6M, $3,840 each.

For complete results of the September event, an illustrated auction catalog, with prices realized on request, is available for $35 from Swann Galleries, Inc., 104 East 25th Street, New York, NY 10010.

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