THREE TREASURES – COLLECTED BY STUART WEITZMAN
Sotheby’s to Present Historic Auction of World’s Most Legendary Coin & Stamp Specimens of Unrivaled Rarity, Value, Provenance & History
THE WORLD’S MOST FAMOUS AND STORIED COIN The Holy Grail of Coins: The Only 1933 Double Eagle That May Be Legally Owned *Estimate $10/15 Million*
THE WORLD’S MOST FAMOUS AND VALUABLE STAMP The Legendary and Unique British Guiana One-Cent Magenta *Estimate $10/15 Million*
THE WORLD’S MOST FAMOUS AMERICAN STAMP The Iconic 24-Cent Inverted Jenny Plate Block *Estimate $5/7 Million*
LIVE AUCTION IN NEW YORK ON 8 JUNE 2021 Dedicated Exhibition to Open During New York Asia Week 11 – 17 March
NEW YORK, 10 March 2021 – Sotheby’s New York is pleased to present Three Treasures – Collected by Stuart Weitzman, a dedicated live auction of three legendary treasures from the personal collection of the renowned fashion designer and collector. On 8 June 2021 Sotheby’s will offer the fabled and elusive 1933 Double Eagle Coin, which set a world record when it last sold at auction in 2002, and the only example that is legally sanctioned by the United States government for private ownership; the sole-surviving example of the British Guiana One-Cent Magenta, the most famous and valuable stamp in the world; and The Inverted Jenny Plate Block, the most well-known and sought-after American stamp rarity. Iconic as they are rare, the Double Eagle and the British Guiana will be offered with estimates of $10/15 million each and are poised to set new world auction records in their respective categories, and the Inverted Jenny will carry an estimate of $5/7 million, set to eclipse its own record for an American philatelic item.
Richard Austin, Sotheby’s Global Head of Books & Manuscripts, commented: “As the most aspirational objects in their respective collecting fields and each with their own illustrious provenance, the Double Eagle, the British Guiana and the Inverted Jenny all hold an indelible place in history, and in our collective imagination. Each treasure is unique in its own right: the 1933 Double Eagle as the only legally owned example, the British Guiana as the only one known, and the Inverted Jenny as the only plate block from a unique sheet of stamps. It would be a true privilege to present just one of these sought-after rarities at auction but offering all three one-of-a-kind treasures together in the same sale is a once-in-a-lifetime occurrence. It is a testament to Stuart’s perennial passion and dedication to his childhood ambition of acquiring these prized pieces that we are able to create a special moment to share their stories with the world at once.”
Stuart Weitzman added: “I had a life-long dream of collecting the single greatest rarities in the two great collecting areas of stamps and coins and then placing these extraordinary treasures, hidden away for decades, on continuous public view. I determined to do that, and I did that. That was my dream. Today my dream is to leave a legacy of charitable works to which the proceeds from the sales of these treasures will go.”
The three treasures will be on public view by appointment in Sotheby’s York Avenue Galleries during New York Asia Week from 11 – 17 March as well as this May alongside the Contemporary and Impressionist Art exhibitions for our marquee spring auctions, and 5 – 7 June in the lead up to the auction on Tuesday, 8 June.
For more than 60 years, entrepreneur and philanthropist Stuart Weitzman pioneered luxury shoe design as founder of his eponymous company and is renowned for creating high-end shoes that are internationally beloved and synonymous with the pinnacle of luxury fashion design. In 2015, the Stuart Weitzman brand was acquired by Tapestry and remains one of the most highly sought-after luxury designers by celebrities and fashion lovers alike. Beyond his highly successful career in fashion, Weitzman is a life-long philatelist and numismatist with a deep appreciation for one-of-a-kind objects. Growing up collecting stamps and coins at an early age in Queens, New York, he fulfilled his boyhood pursuits at the highest echelon with his acquisition of the Double Eagle in 2002 and the British Guiana and Inverted Jenny Plate Block in 2014. Weitzman has been a generous steward of the three treasures, loaning the British Guiana to the Smithsonian National Postal Museum where it has been on public display since 2015 in its own special exhibition, as well as loaning the Double Eagle first to the Federal Reserve in Manhattan and then later to the New-York Historical Society Museum & Library. The Double Eagle has been exhibited at the New-York Historical Society Museum & Library since 2013 and was joined by the Inverted Jenny in 2014 following Weitzman’s acquisition of the plate block.
All of the seller’s proceeds will benefit charitable ventures, including The Weitzman Family Foundation, which supports medical research and higher education such as the Stuart Weitzman School of Design at the University of Pennsylvania. Other major Foundation projects include a museum in Madrid, the first of its kind, devoted to Spanish Judaica.
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