Noble Investments (UK) PLC : Prospero Collection sold for approximately $25m
01/05/2012| 04:59am US/Eastern
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Noble Investments UK Plc
('Noble', 'the Group' or 'the
Company')
Prospero Collection sold for approximately $25
million
The Directors of Noble Investments UK plc (AIM:NBL),
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."
- Ends -
For further information please contact:
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Noble Investments plc
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Ian Goldbart, Managing Director
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Tel: +44 (0) 20 7930 6879
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ian@baldwin.co.uk
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WH Ireland
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Chris Fielding
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Head of Corporate Finance
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Tel: +44 (0) 20 7220 1650
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Financial media enquiries:
About Noble Investments PLC
Noble Investments (UK) PLC is the only listed UK based
company involved with the trading and auctioning of
collectables, including ancient and foreign
coins; commemorative medals and tokens; banknotes and paper
ephemera; military orders and decorations, and world
stamps. The Group also deals in
rare and valuable numismatic and philatelic
books.
The Group helps private collectors build their
collections, provides new collectors with guidance on their
purchases and supports investors with the formation of
portfolios in a variety of valuable collectables.
Noble Investments operates two brands; Baldwin's,
which was established in 1872 and is a leader in the field of
numismatics, and Apex Philatelics, which focuses on the
auctioning of world stamps. The Group conducts the
majority of its trading through wholly owned subsidiary A. H.
Baldwin & Sons Limited, which runs major auctions
internationally, including London, New York and Hong
Kong.
The Group has a robust cash position and a progressive
dividend policy, and for the six months ended 28 February
2011 reported that pre-tax profit increased by 40%.
Noble Investments has a strong team of numismatic experts,
and the Group has 140 years of experience in rare and
collectable coins.
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