Noble Investments UK Plc – Prospero Collection sold for approximately $25 million
The Directors of Noble Investments UK plc, the international rare coin and stamp dealer and auctioneer, are pleased to announce that the Prospero Collection of over 600 of the most beautiful and historically important ancient Greek coins was sold yesterday, on the first day of 'The New York Sale', raising estimated aggregate gross proceeds of approximately $25 million, including buyer's premium. The collection was auctioned through the Group's subsidiary A. H. Baldwin & Sons Ltd. This is one of the most desirable collections of ancient rare coins in existence, and having been collated over many decades, the collection has remained complete and untouched for the last 20 years.
Noble will make a further announcement concerning the two day sale and its impact on the Company following its conclusion on 6 January 2012.
Ian Goldbart, Managing Director of Noble, commented: "The auction has just concluded after eight hours. We are delighted to have sold this important and comprehensive Prospero Collection for a total of approximately $25 million, making it the largest auction in the Group's history. We look forward to updating shareholders further once the two day sale has been concluded."