(wm) The name of Bill Gross is well-known throughout the world of philately. As co-founder of the Pacific Investment Management Co. (PIMCO) and thanks to his success with this company until 2014 as an investment broker, Gross managed to gather assets with a value of a billion dollars. Wall Street called him the ‘Bond King’, whilst philatelists were aware of the fact that over a period of many decades he accumulated many valuable collections. Some of these collections were already auctioned in the past, and a part of the proceeds - ten million dollars to be precise – went to the National Post Museum, to enable this institution to create the William G. Gross Stamp Gallery in Washington.
Scott Trepel, president of Siegel Auctions, recently announced that Bill Gross’ unique US collections will be auctioned later this year. In fact, there will be several auctions. More information can be found on Siegel’s website (siegelauctions.com). Trepel estimates that the about 150 philatelic rarities will yield something in the order of 9.1 million dollars. The auctioneer wants to break a record, namely that of the highest selling 1-day auction. At the moment, Trepel already holds this record since 2007, when he auctioned the Great Britain Collection of Bill Gross.
Source: AIJP News