Position 41-42/51-52 - 1968-12-02 Transaction Summary

Purchase Date:
1968-12-02
How Purchased:
Private Treaty
Where Purchased:
Auction No.:
Lot No.:
Sound/Fault:
Fault
Catalogue Value:
$ 90,000
Realized:
$ 0
Buyer:

Description

In 1968 the Weills purchased the entire Phillips collection for $4.07 million, evidently a record for any collection sold up to that time.

Phillips died on October 23, 1968, and the Weills advertised the purchase as having been made from the estate of an anonymous collector. However, in a later personal recollection of the acquisition, Raymond Weill stated that he and Roger spent several days at the Phillips home in Butler, valuing the stamps at his request, in order to make a cash offer. When the Weills presented their $4.07 million offer, Phillips was attired in a hunting jacket and cap with a Purdey shotgun slung over his shoulder. Upon hearing the offer, Phillips responded “Sounds good, boys,” and walked out of the room.
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