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Spink & Son

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Spink & Son (established 1666) is an auction and collectibles company known principally for their sales of coins, banknotes and medals. They also deal in philatelic items, wine and spirits, and other collectible items.

Spink and Son Ltd
Company typePrivate
IndustryAuction
Founded1666; 358 years ago (1666)
FounderJohn Spink
HeadquartersLondon, United Kingdom
Key people
Olivier Stocker
(Chairman & CEO) [1]
DivisionsSpink China
Spink Singapore
Spink Switzerland
Spink UK
Spink USA
Websitewww.spink.com

History

John Spink founded a goldsmith's and pawnbroker's business near Lombard Street, London, in 1666.[2] The Great Fire of London caused a temporary relocation before Spink returned to the rebuilt Lombard Street.

In January 1778, Marshall Spink was apprenticed to John Flude at 2 Gracechurch Street where they brokered pledges of jewellery, coins and other household furnishings.[3]

In April 1785, Flude presented the Dartmouth Medal to Dartmouth College, New Hampshire "as a memento of his attachment to the United States of America and expressive of its future glory".[4] At least three craftsman are determined to have worked on the medal, probably including his apprentice Marshall Spink.[4]

In 1793, Flude retired and left Marshall in charge of the premises at Gracechurch Street, and a second pawnbroking business in Windsor.[3] In 1807, his son Daniel was apprenticed to the family firm, and Spink & Son was instituted.[3] After 1800, other premises were opened in Barbican and at Great Surrey Street but all were closed by 1812. 2 Gracechurch Street became the principal address for the firm for the remainder of the 19th Century.[3]

Spink & Son are recorded as numismatic auction agents and commission bidders as early as 1818. They were retailers of commemorative medals by March 1826.[3]

By the 1830s, Spink was dealing in art, porcelain and bronze sculptures.[3] Spink would be commissioned to produce a presentation wooden casket to contain the Freedom of the City of London for Dr David Livingstone in 1857.[5]

 
Spink offices in Southampton Row

In the 1880s, they bought the Soho Mint and began to design and manufacture medals, gaining a Royal Warrant from Queen Victoria in 1887.[2] Spink won the Gold Prize for Numismatic and Medal display at the Jamaica International Exhibition in 1891,[3] and offered its showroom to Sir Malcolm Fraser for the display of 6,886 ounces of recently mined gold ore from Bayley's Reward Claim, Coolgardie, on behalf of the Government of Western Australia. The exhibition ran between 2 and 14 April 1894.[6]

The 20th Century saw the firm's relocation to King Street and close partnership with Christie's auction house, who would eventually acquire the firm in 1993.[7] Global expansion continued with new offices opening in New York in June 1981[8] and Melbourne, Australia in October 1981.[3]

On 20 March 2000, Spink & Son moved its London headquarters to 69 Southampton Row where it continues operations today. Christie's sold its remaining interest to the present ownership in March 2002.[9][10][11]

Publishing

In 1996, Spink took over the entire publishing division of B.A. Seaby Ltd.,[12] publishers of the Seaby Coin & Medal Bulletin.

Spink is well known for its annual Standard Catalogue of British Coins price guide and handbook, also part of the Seaby acquisition and founded in 1929. Already in 1962 it had been split in two parts, I. England and United Kingdom and II. Coins of Scotland, Ireland and the Islands, in annual editions and with black and white photos of the coins, and in 2007 it was converted to colour printing with newly-taken coin photographs.[12] Later on, Volume I. was split further into Coins of England & the United Kingdom, Pre-Decimal Issues (2023: 58th edition), and Coins of England & the United Kingdom, Decimal Issues, both edited by Emma Howard.

Auctions

The first recorded auction held by the company was undertaken by Marshall Spink at the Red Lion Inn in Staines, Middlesex on 20 March 1792.[3]

The principal business remained pawnbroking and sales were soon outsourced to other companies in the first half of the 19th Century.[3]

Soon after William John Webster, Inspector to the Royal Mint and Leonard Forrer joined the firm, Spink created a fixed price periodical for the sale of collectable coins.[3] The Numismatic Circular was issued monthly from December 1892 until January 2014, when it was discontinued in favour of a quarterly auction format for selling coins. It was "the oldest continually published coin and medal catalogue".[2]

Webster provided cataloguing expertise to Sotheby's and Glendining auctions in the 20th Century before auctioneering returned in house in 1978.[3] Spink holds numerous auction records across numismatics, philately and phaleristics including:

Coins

Medals

 
Spink staff at autumn Stampex 2015

Stamps

  • "Post Office Mauritius" Two Pence Blue, sold for £1,053,090 on 29 June 2011.[43]
  • "Inverted Jenny" 24¢ Curtiss Airmail Centreline block of four, sold for $1,740,000 on 27 September 2019.[44]
  • Queen Victoria 96c "olive-bistre" block-of-four, sold for HK$6.4million on 17 January 2016.[45][46]
  • The "Chartwell" Collection formed by Sir Humphrey Cripps, and dubbed the "most valuable stamp collection offered in modern times", sold between June 2011 and December 2012 for over £18.5million[47]

Banknotes

  • China "Ooi-Long" 1 Yuan sold for HK$990,000 on 24 January 2010.[48]
  • Palestine Currency Board 100 Pounds, 1927 sold for £140,000 on 28 April 2022.[49]
  • Zanzibar 500 Rupees, 1920 sold for $288,000 on 14 January 2022.[50]

Since January 2003,[51] Spink has partnered with the Bank of England to offer low serial number banknotes and raise money for charity when new designs are issued.[52] In November 2022, it was announced that the NatWest Group were offering their own paper money archives to raise funds for the Trussell Trust.[53][54]

Since January 2003,[55] Spink has partnered with the Bank of England to offer low serial number banknotes and raise money for charity when new designs are issued.[56] In November 2022, it was announced that the NatWest Group were offering their own paper money archives to raise funds for the Trussell Trust.[57][58]

Covid-19

Following Prime Minister Boris Johnson's announcement of lockdown measures in the United Kingdom on 23 March 2020, Spink was the first numismatic auctioneer in the world to pioneer a successful 'hybrid' sale where every bidder participated virtually.[59]

In July 2020, it was announced that Spink had remounted the campaign medals of Captain Sir Thomas Moore.[60][61]

In 2022, the Antiques Trade Gazette announced that Spink was the leading auction firm in London for coins and medals.[62]

Dealings with Douglas Latchford

In 2021, prosecutors and investigative journalists probed Spink & Son's historic relationship with antiquities trafficker Douglas Latchford, and in particular the creation of false documentation for Khmer antiquities, sometimes together with Emma Bunker.[63][64] [65] Latchford was indicted but Spink & Son as a separate entity under new management was not charged.[66]

References

  1. ^ Olivier D. Stocker, Chairman & CEO. Spink & Son. Retrieved 25 September 2015.
  2. ^ a b c Our History. Spink & Son. Retrieved 10 July 2020.
  3. ^ a b c d e f g h i j k l Edmund, Gregory (6 October 2021). "Pawnbroking and Spink History" (PDF). Spink Insider. 40 (Autumn 2021): 77–79 – via Spink.
  4. ^ a b "John Flude's Medal". www.dartmouth.edu. Retrieved 23 September 2023.
  5. ^ "Collaborating Institutions | Livingstone Online". livingstoneonline.org. Retrieved 23 September 2023.
  6. ^ Calvert, Albert Frederick (1895). Western Australia and Its Welfare: A Reproduction of Articles which Have Appeared in the West Australian Review, 1893-1894 ... Simpkin, Marshall, Hamilton, Kent.
  7. ^ "Spink is sold to Christies: Art market fears potential conflicts of". The Independent. 21 April 1993. Retrieved 23 September 2023.
  8. ^ Reif, Rita (2 August 1981). "ANTIQUES; A NEW SOURCE FOR COINS AND MEDALS". The New York Times. ISSN 0362-4331. Retrieved 23 September 2023.
  9. ^ "Christie's ready to sell off Spink". www.antiquestradegazette.com. Retrieved 23 September 2023.
  10. ^ "Christie's close down Spink and take over the building for corporate headquarters". The Art Newspaper - International art news and events. 1 March 2000. Retrieved 23 September 2023.
  11. ^ "Management take over Spink". www.antiquestradegazette.com. Retrieved 23 September 2023.
  12. ^ a b "Coins of England & the United Kingdom". Spink & Son. Retrieved 3 March 2023.
  13. ^ "Spink - Auction 23004 Lot 634". www.numisbids.com. Retrieved 25 September 2023.
  14. ^ CoinNews.net (31 March 2023). "Ancient Coins from Egypt, Rome & Great Britain in Spink Sale". Retrieved 25 September 2023.
  15. ^ "Spink Offering NGC-certified Gold Rarities from Ancient Egypt and Rome as Well as Great Britain | NGC". www.ngccoin.com. Retrieved 25 September 2023.
  16. ^ "Spink - Auction 23004 Lot 636". www.numisbids.com. Retrieved 25 September 2023.
  17. ^ "A NEW IRON AGE "KING" | Iron Age Britain, Belgae, "Esunertos" (c. 50-30 BC), AV Quarter-Stater". Spink. Retrieved 3 October 2023.
  18. ^ "493 - Anglo-Saxon, Coenwulf, gold penny". www.spink.com. Retrieved 23 September 2023.
  19. ^ "Spink - Auction 22104". www.numisbids.com. Retrieved 23 September 2023.
  20. ^ "The Eighth Henry: Record Price for Henry III Gold Penny & the first-ever numismatic NFT sold by an international auction house". www.spink.com. Retrieved 23 September 2023.
  21. ^ "Double leopard discovery". www.antiquestradegazette.com. Retrieved 23 September 2023.
  22. ^ "Hird's Elizabethan treasures set house record for Spink's coin department | Antiques Trade Gazette". www.antiquestradegazette.com. Retrieved 23 September 2023.
  23. ^ "Hird Collection reaches $3.8 Million for 52 lots of British Gold". Numismatic News. Retrieved 23 September 2023.
  24. ^ a b "Reddite Crown realizes $657,818 in Spink auction". CoinWorld. Retrieved 23 December 2023.
  25. ^ "£180,000 coin record". www.antiquestradegazette.com. Retrieved 23 December 2023.
  26. ^ "Spink Sets New World Record for a English Silver Coin". spink.com. Retrieved 23 September 2023.
  27. ^ "Ellerby: Gold coins found hidden under kitchen floor sell for £754,000". BBC News. 7 October 2022. Retrieved 25 September 2023.
  28. ^ Company, Numismatic Guaranty (21 October 2022). "English Gold Coins From Ellerby Hoard Realize $800,000+ in Spink Sale". CoinWeek: Rare Coin, Currency, and Bullion News for Collectors. Retrieved 25 September 2023. {{cite web}}: |last= has generic name (help)
  29. ^ "NGC-certified Coins from Ellerby Area Hoard Offered in Spink Auction | NGC". www.ngccoin.com. Retrieved 25 September 2023.
  30. ^ "Spink - Auction 15031 Lot 411". www.numisbids.com. Retrieved 23 September 2023.
  31. ^ "Spink Offers Seldom-Seen British Gold Crown Certified by NGC | NGC". www.ngccoin.uk. Retrieved 20 December 2023.
  32. ^ "1888 - NGC PF64-PF66 CAC | United States of America, An Original "Full..." www.spink.com. Retrieved 20 December 2023.
  33. ^ "NGC-certified British Pattern Penny Realizes $166,000 at Spink Auction | NGC". www.ngccoin.uk. Retrieved 23 September 2023.
  34. ^ "63 - Edward VIII (January-December 1936), pattern proof Penny, 1937,..." spink.com. Retrieved 23 September 2023.
  35. ^ "601 - Sold by Order of a Direct Descendant 'The most striking thing a..." www.spink.com. Retrieved 23 September 2023.
  36. ^ "Departments". www.spink.com. Retrieved 23 September 2023.
  37. ^ "Medals of Sir Thomas Ussher Break World Record at Spink". spink.com. Retrieved 23 September 2023.
  38. ^ "Spink to Sell D.S.O., D.F.C. and Bar Group to Battle of Britain Hero Wing Commander R.F.T. 'Bob' Doe, Royal Air Force". www.spink.com. Retrieved 23 September 2023.
  39. ^ "MEDALS AWARDED TO AVIATION LEGEND JOHN 'CAT'S EYES' CUNNINGHAM DOUBLE THEIR PRE SALE ESTIMATE RAISING £384,000 FOR CHARITY". www.spink.com. Retrieved 23 September 2023.
  40. ^ "486 - Sold by Order of the Recipient's Daughter 'Livens was the typic..." www.spink.com. Retrieved 20 December 2023.
  41. ^ "59 - 'Rupert Brooke is dead. A telegram from the Admiral at Lemnos te..." www.spink.com. Retrieved 20 December 2023.
  42. ^ "Dambusters raid airman's gallantry medal sells for £105k". BBC News. 2 December 2023. Retrieved 20 December 2023.
  43. ^ Luxuo (30 June 2011). "Stamp sells for record £1m". LUXUO. Retrieved 23 September 2023.
  44. ^ "Jenny Invert centerline block sells for $1.74 million". Linns Stamp News. Retrieved 23 September 2023.
  45. ^ "Auction - Four rare Queen Victoria stamps achieved HK$6.4 million". Retrieved 23 September 2023.
  46. ^ Cheng, Kris (8 January 2016). "Hong Kong's 'most important' stamp could sell for HK$8m in local auction". Hong Kong Free Press HKFP. Retrieved 23 September 2023.
  47. ^ "The Chartwell Collection". www.spink.com. Retrieved 25 September 2023.
  48. ^ "Achievements at Auction". www.spink.com. Retrieved 25 September 2023.
  49. ^ May, Melanie (24 May 2022). "Rare banknote raises £140,000 for Oxfam". UK Fundraising. Retrieved 25 September 2023.
  50. ^ "Group of Seven PMG-certified Zanzibar Notes Realizes Over $850,000 in Spink Sale | PMG". www.pmgnotes.com. Retrieved 25 September 2023.
  51. ^ "Noteworthy charity bash". www.antiquestradegazette.com. Retrieved 25 September 2023.
  52. ^ "The £50 note that's worth £820". Yahoo Finance. 28 September 2012. Retrieved 25 September 2023.
  53. ^ "A Natwest Group Charity Auction - Part I". www.spink.com. Retrieved 25 September 2023.
  54. ^ "Note Bid to Help with Cost of Living | NatWest Group". www.natwestgroup.com. Retrieved 25 September 2023.
  55. ^ "Noteworthy charity bash". www.antiquestradegazette.com. Retrieved 25 September 2023.
  56. ^ "The £50 note that's worth £820". Yahoo Finance. 28 September 2012. Retrieved 25 September 2023.
  57. ^ "A Natwest Group Charity Auction - Part I". www.spink.com. Retrieved 25 September 2023.
  58. ^ "Note Bid to Help with Cost of Living | NatWest Group". www.natwestgroup.com. Retrieved 25 September 2023.
  59. ^ Schooling, Annabel (21 May 2020). "Spink Behind Closed Doors". INSIDER. Retrieved 23 September 2023.
  60. ^ Schooling, Annabel (21 May 2020). "Heroes of THE Covid-19 CRISIS". INSIDER. Retrieved 23 September 2023.
  61. ^ "Auction house Spink helps Captain Sir Thomas Moore remount medal collection". www.antiquestradegazette.com. Retrieved 25 September 2023.
  62. ^ "Spink tops coins and medals table | Antiques Trade Gazette". www.antiquestradegazette.com. Retrieved 23 September 2023.
  63. ^ Whoriskey, Peter; Politzer, Malia; Reuter, Delphine; Woodman, Spencer. "Global hunt for looted treasures leads to offshore trusts". Washington Post. Retrieved 3 February 2023. Museums holding antiquities linked to Latchford. The reporting team tracked relics that museums received directly through Douglas Latchford, and the Doris and Nancy Wiener gallery or the London auction house Spink & Son, which prosecutors say helped him sell looted antiquities
  64. ^ Conn, David; Politzer, Malia (5 October 2021). "Offshore loot: how notorious dealer used trusts to hoard Khmer treasures". The Guardian. ISSN 0261-3077. Retrieved 3 February 2023. Latchford was alleged in the legal action to have bought the Duryodhana in 1972 knowing it was looted, consigned it to a London auction house, Spink & Son, then conspired with Spink's representatives to "fraudulently obtain export licences".
  65. ^ "Unmasking "The Scholar": The Colorado woman who helped a global art smuggling operation flourish for decades". The Denver Post. 1 December 2022. Retrieved 13 November 2023.
  66. ^ "How we tracked Cambodian antiquities to leading museums and private galleries - ICIJ". 5 October 2021. Retrieved 3 February 2023.

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