February 22, 2012
While my interests are obvioiusly rail-related, Mario's catalogs always offer very fascinating pieces from other industries. Take a look at his colorful catalog and you will be astounded at the sizes of some vignettes, particularly several from Portugal. Several other European certificates are downright astounding.
This time, North American railroads are represented by 56 single-item lots plus one large lot of 67 Cuban railroad certificates. I can't say how many Cuban specialists there may be, but I recommend close attention to that lot (#233). It contains numerous rarities and I can only hope that the winner will scan certificates and send copies. If there is a downside, it might be the 5,000 EUR start price.
Having said that, I heartily applaud the European practice of clearly posting minimum bids. Why American sales have abandoned the custom is really quite beyond me. Collectors may not like posted minimum bids. but they never need to question how much to bid. Some collectors will always complain about apparently high European prices, but astute observers will always be able to spot potential bargains. In the few minutes I've spent with the catalog, I already noticed several. As always, the question remains to be seen who else might bid who owns a more well-stocked wallet.
You still have time to order Mario's full-color catalog from www.booneshares.com. Or call 0032-(0)9-386-97-66. All auction lots are online and illustrated and you may bid until March 9. Again, the sale will take place March 10 and 11, so I suggest quick action.
Posted by Terry Cox at 7:17 AM