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General Philatelic/Gen. Discussion : Regency Superior Stamp Auctions

 

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BermudaSailor
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17 Jun 2017
08:21:03pm
As many of you know, Regency Superior suddenly closed their operations about a month ago. Their website stated that they attempted to sell the business, but there were no takers due to the fact, as they were told, that "stamp collecting is a dying hobby".

They were the only reliable source of Stanley Gibbons catalogs, and other literature focused on the British Commonwealth. I was wondering if anyone knows of another retailer selling such merchandise in the U.S. or Canada. Perhaps someone purchased their inventory?


David
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sheepshanks
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17 Jun 2017
10:00:09pm

Approvals
re: Regency Superior Stamp Auctions

You could try
http://www.fvhstamps.com/Catalogues/Catalogues.htm
Based in vancouver.

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Philatarium
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APS #187980

17 Jun 2017
10:42:49pm
re: Regency Superior Stamp Auctions

I thought I had heard that Michael Jaffe / Brookman Stamps had acquired the Stanley Gibbons catalogs and accessories, but I wouldn't swear to it. And a look at their website doesn't mention it, but that doesn't mean you couldn't give them on a call next week and see.

http://www.brookmanstamps.com/

The bulk of Regency's stamp material has been seized by their lead bank and is apparently in the process of liquidation. Unfortunately, that includes material that had been consigned to them, and that the bank has seized, as well as proceeds from consigned material that had been sold, so there are a number of consignors (including the APS) who may see little, if any, of their proceeds.

I'm reluctant to post a link here to another stamp discussion board (it's against the policy of most boards -- I'm not entirely sure about SOR), but it's being discussed in some detail elsewhere.

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"You gotta put down the duckie if you wanna play the saxophone. (Hoots the Owl -- Sesame Street)"

www.hipstamp.com/store/the-philatarium
michael78651

18 Jun 2017
12:01:03am
re: Regency Superior Stamp Auctions

The only Discussion Board rule regarding posting links forbids links to commercial advertising. I do not believe it against the rules to post a link to a discussion such as this on another board.

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Philatarium
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APS #187980

18 Jun 2017
12:43:07am
re: Regency Superior Stamp Auctions

Ok, thanks, Michael -- I'll give it a go then.

Here's the link I was particularly thinking of, where the discussion has been the most detailed.

It started in March, and goes for 12 pages as of now. Sometimes you have to wade through some idle speculation to get to some of the newsier bits.

Some of the participants a little later on in the thread were at least 2 consignors who remain unpaid.

https://www.stampcommunity.org/topic.asp?TOPIC_ID=53427&whichpage=1

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"You gotta put down the duckie if you wanna play the saxophone. (Hoots the Owl -- Sesame Street)"

www.hipstamp.com/store/the-philatarium
angore
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Al
Collector, Moderator

18 Jun 2017
06:48:20am
re: Regency Superior Stamp Auctions

It was not a dying hobby. I suspect potential buyers did not want to assume the Regency debt. Given the indication of losses indicated, there was a lot of debt and the assets did not even come close to covering debt. There must not have been any other intangibles to offset this to make it an attractive business.

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"Stamp Collecting is a many splendored thing"
BermudaSailor
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18 Jun 2017
11:18:59pm
re: Regency Superior Stamp Auctions

Thanks Everyone. I checked out the links you provided. I'll be following up with the Vancouver dealer later this week.

Given Stanley Gibbons financial difficulties and its search for a buyer, I doubt they will be focusing on finding a new U.S. distributor anytime soon.

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Stampme

19 Jun 2017
05:50:19pm
re: Regency Superior Stamp Auctions

I wonder what the owner wanted dollarwise for the firm?

Some years ago, I sent along an email to this company detailing some German covers of questionable origin that were being auctioned. I asked some questions about them but never received an answer.

A bit later, I had questions about several more lots but never received answers to my questions. Why would I bid on what essentially became mystery lots?

After that, I wrote them off completely.

Bruce

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AntoniusRa
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The truth is within and only you can reveal it

21 Jun 2017
11:15:51pm
re: Regency Superior Stamp Auctions

This did not come about overnight and I fear it may be more prevalent than I once knew.
Simply put it is called robbing Peter to pay Paul. Anything to keep the cash flowing.

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mitch.seymourfamily.com/mward/collection/mapindex.html
        

 

Author/Postings
Members Picture
BermudaSailor

17 Jun 2017
08:21:03pm

As many of you know, Regency Superior suddenly closed their operations about a month ago. Their website stated that they attempted to sell the business, but there were no takers due to the fact, as they were told, that "stamp collecting is a dying hobby".

They were the only reliable source of Stanley Gibbons catalogs, and other literature focused on the British Commonwealth. I was wondering if anyone knows of another retailer selling such merchandise in the U.S. or Canada. Perhaps someone purchased their inventory?


David

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Login to Like
this post
Members Picture
sheepshanks

17 Jun 2017
10:00:09pm

Approvals

re: Regency Superior Stamp Auctions

You could try
http://www.fvhstamps.com/Catalogues/Catalogues.htm
Based in vancouver.

Like 
2 Members
like this post.
Login to Like.
Members Picture
Philatarium

APS #187980
17 Jun 2017
10:42:49pm

re: Regency Superior Stamp Auctions

I thought I had heard that Michael Jaffe / Brookman Stamps had acquired the Stanley Gibbons catalogs and accessories, but I wouldn't swear to it. And a look at their website doesn't mention it, but that doesn't mean you couldn't give them on a call next week and see.

http://www.brookmanstamps.com/

The bulk of Regency's stamp material has been seized by their lead bank and is apparently in the process of liquidation. Unfortunately, that includes material that had been consigned to them, and that the bank has seized, as well as proceeds from consigned material that had been sold, so there are a number of consignors (including the APS) who may see little, if any, of their proceeds.

I'm reluctant to post a link here to another stamp discussion board (it's against the policy of most boards -- I'm not entirely sure about SOR), but it's being discussed in some detail elsewhere.

Like
Login to Like
this post

"You gotta put down the duckie if you wanna play the saxophone. (Hoots the Owl -- Sesame Street)"

www.hipstamp.com/sto ...
michael78651

18 Jun 2017
12:01:03am

re: Regency Superior Stamp Auctions

The only Discussion Board rule regarding posting links forbids links to commercial advertising. I do not believe it against the rules to post a link to a discussion such as this on another board.

Like
Login to Like
this post
Members Picture
Philatarium

APS #187980
18 Jun 2017
12:43:07am

re: Regency Superior Stamp Auctions

Ok, thanks, Michael -- I'll give it a go then.

Here's the link I was particularly thinking of, where the discussion has been the most detailed.

It started in March, and goes for 12 pages as of now. Sometimes you have to wade through some idle speculation to get to some of the newsier bits.

Some of the participants a little later on in the thread were at least 2 consignors who remain unpaid.

https://www.stampcommunity.org/topic.asp?TOPIC_ID=53427&whichpage=1

Like
Login to Like
this post

"You gotta put down the duckie if you wanna play the saxophone. (Hoots the Owl -- Sesame Street)"

www.hipstamp.com/sto ...
Members Picture
angore

Al
Collector, Moderator
18 Jun 2017
06:48:20am

re: Regency Superior Stamp Auctions

It was not a dying hobby. I suspect potential buyers did not want to assume the Regency debt. Given the indication of losses indicated, there was a lot of debt and the assets did not even come close to covering debt. There must not have been any other intangibles to offset this to make it an attractive business.

Like
Login to Like
this post

"Stamp Collecting is a many splendored thing"
Members Picture
BermudaSailor

18 Jun 2017
11:18:59pm

re: Regency Superior Stamp Auctions

Thanks Everyone. I checked out the links you provided. I'll be following up with the Vancouver dealer later this week.

Given Stanley Gibbons financial difficulties and its search for a buyer, I doubt they will be focusing on finding a new U.S. distributor anytime soon.

Like
Login to Like
this post
Stampme

19 Jun 2017
05:50:19pm

re: Regency Superior Stamp Auctions

I wonder what the owner wanted dollarwise for the firm?

Some years ago, I sent along an email to this company detailing some German covers of questionable origin that were being auctioned. I asked some questions about them but never received an answer.

A bit later, I had questions about several more lots but never received answers to my questions. Why would I bid on what essentially became mystery lots?

After that, I wrote them off completely.

Bruce

Like
Login to Like
this post
Members Picture
AntoniusRa

The truth is within and only you can reveal it
21 Jun 2017
11:15:51pm

re: Regency Superior Stamp Auctions

This did not come about overnight and I fear it may be more prevalent than I once knew.
Simply put it is called robbing Peter to pay Paul. Anything to keep the cash flowing.

Like
Login to Like
this post

mitch.seymourfamily. ...
        

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