http://www.davidfeldman.com/uploads/previous_auctions/PR/PR_081

Prices Realised

Spring Auctions – April 1-5, 2008

Lot 60046 - realised ¤1’314’500 (CHF 2’094’000 - $2,067,708 - £1,050,285)

Lot 60083 - realised ¤1’434’000 (CHF 2’284’362 - $2,255,682 - £1,145,766)

David Feldman SA, 175 route de Chancy, P.O. Box 81, CH-1213 Onex, Geneva, Switzerland Tel: +41 22 727 07 77, Fax: +41 22 727 07 78, E-mail: admin@davidfeldman.com, Web site: www.davidfeldman.com Part of the Feldman Frey Philatelic Group

PRICES REALISED (e)

David Feldman SA Lot

Result

Lot

Result

Lot

April 1-5, 2008

Result

Sweden - «Kristall» Collection - Part II 10000 10001 10002 10003 10004 10005 10006 10007 10008 10009 10010 10011 10012 10013 10014 10015 10016 10017 10018 10019 10020 10021 10022 10023 10024 10025 10026 10027 10028 10029 10030 10031 10032 10033 10034 10035 10036 10037 10038 10039 10040 10041 10042 10043 10044 10045 10046 10047 10048 10049 10050 10051 10052 10053 10054 10055 10056 10057 10058 10059 10060 10061 10062 10063 10065 10066

460 34000 130 700 800 600 600 600 600 440 800 2000 300 7500 3200 19000 6000 1400 700 70000 4600 950 320 110000 1900 1500 320 170 200 440 220 220 140 4600 120 220 160 150 180 170 150 75 130 180 1000 150 240 550 100 180 85 85 160 65 320 300 1200 220 200 190000 320 160 2000 1900 440 7500

10067 10068 10069 10070 10071 10072 10073 10074 10075 10076 10077 10078 10079 10080 10081 10082 10083 10084 10085 10086 10087 10088 10089 10090 10091 10092 10093 10094 10095 10096 10097 10098 10099 10100 10101 10102 10103 10104 10105 10106 10108 10109 10110 10111 10112 10113 10114 10115 10116 10117 10118 10119 10120 10121 10122 10123 10124 10125 10126 10127 10128 10129 10130 10131 10132 10133

260 340 7000 6500 2600 500 650 240 300 220 9000 14000 24000 260 600 200 6500 4800 360 220 1600 1600 800 600 850 300 320 4200 1400 260 130 110 2700 600 220 200 160 110 200 120 200 150 1800 800 1600 1300 8000 700 340 3800 400 12000 500 240 4800 850 480 160 380 1500 1500 380 190 1600 260 190

Lot 10066 - realised ¤8’963 10134 10135 10136 10137 10138 10139 10140 10141 10142 10143 10144 10145 10146 10147 10148 10149 10150 10151 10152 10153 10154 10155 10156 10157 10158 10159 10160 10161 10162 10163 10164 10165 10166 10167 10168 10169 10170 10171 10172 10173 10174 10175 10176 10177 10178 10179 10180 10181 10182 10183 10184 10185 10186 10187 10188 10189

220 160 700 440 120 1500 360 200 150 260 4600 300 19500 110 1800 110 500 280 170 180 110 320 100 110 75 420 180 1200 4800 200 700 1300 110 150 360 420 3200 260 110 1000 360 170 950 500 300 240 150 550 160 340 220 1000 190 420 95 130

Lot 10019 - 3-colour franking to Italy - realised ¤83’650

Lot 10023 - 36 skillings franking to England - realised ¤131’450

Lot 10059 - Est. ¤80’000 - Realised ¤227’050

Lot 10146 - realised ¤23’303

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

David Feldman SA

April 1-5, 2008 Lot

Lot 10203 - 120 öre franking to St. Bart’s - realised ¤27’485

Lot 10254 - realised ¤5’975

Lot 10267 - realised ¤3’585

From Lot 10416 - realised ¤26’290

Result

10190 10191 10192 10193 10194 10195 10196 10197 10198 10199 10200 10201 10202 10203 10204 10205 10206 10207 10208 10209 10210 10211 10212 10213 10214 10215 10216 10217 10218 10219 10220 10221 10222 10223 10224 10225 10226 10227 10228 10229 10230 10231 10232 10233 10234 10235 10236 10237 10238 10239 10240 10241 10242 10243 10244 10245 10246 10247 10248 10249 10250 10251 10252 10253 10254 10255 10256 10257

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

220 900 130 1000 360 260 400 300 400 260 310 120 400 23000 5500 220 650 140 100 170 160 80 400 4000 320 220 110 480 420 110 100 180 1700 500 4000 2400 3200 1700 80 420 380 1400 400 2800 1600 4000 320 360 240 160 70 160 600 650 440 190 280 170 140 130 750 130 160 3800 5000 2200 120 800

Lot 10258 10259 10260 10261 10262 10263 10264 10265 10266 10267 10268 10269 10270 10271 10272 10273 10274 10275 10276 10277 10278 10279 10280 10281 10282 10283 10284 10285 10286 10287 10288 10289 10290 10291 10292 10293 10294 10295 10296 10297 10298 10299 10300 10301 10302 10303 10304 10305 10306 10307 10308 10309 10310 10311 10312 10313 10314 10315 10316 10317 10318 10319 10320 10321 10322 10323 10324 10325

Result Lot 220 80 70 160 480 750 160 700 120 3000 190 1300 1800 1700 110 40 480 340 70 40 220 150 400 260 170 1600 80 700 90 160 260 110 200 300 2000 800 240 120 190 1500 260 120 95 80 50 300 130 70 100 420 100 170 260 160 160 160 170 400 280 1100 130 380 340 280 260 310 7000 1600

10326 10327 10328 10329 10330 10331 10332 10333 10334 10335 10336 10337 10338 10339 10340 10341 10342 10343 10344 10345 10346 10347 10348 10349 10350 10351 10352 10353 10354 10355 10356 10357 10358 10359 10360 10361 10362 10363 10364 10365 10366 10367 10368 10369 10370 10371 10372 10373 10374 10375 10376 10377 10378 10379 10380 10381 10382 10383 10384 10385 10386 10387 10388 10389 10390 10391 10392 10393

Result 2600 1300 3400 650 70 280 350 90 400 320 550 160 2800 4800 200 220 100 100 3000 650 8000 1600 360 650 280 280 260 550 110 420 100 160 120 500 120 130 260 3800 700 440 260 280 170 320 260 1200 170 650 280 1000 1100 400 110 150 110 170 220 110 300 260 400 400 650 600 1700 1000 1300 550

PRICES REALISED (e)

David Feldman SA Lot 10394 10395 10396 10397 10398 10399 10400 10401 10402 10403 10404 10405 10406 10407 10408 10409 10410 10411 10412 10413 10414 10415 10416 10417 10418 10419 10420 10421 10422 10423 10424 10425 10426 10427 10428 10429 10430 10431 10432 10433 10434 10435 10436 10437 10438 10439 10440 10441 10442 10443 10444 10445 10446 10447 10448 10449 10450 10451 10452 10453 10454 10455 10456 10457 10458 10459 10460 10461

Result 220 3200 3400 110 1300 1100 1700 110 180 150 900 360 420 110 340 340 1300 60 100 1100 2200 4200 22000 480 100 260 110 75 100 3600 260 80 120 190 130 300 160 750 340 100 110 110 120 60 2400 240 190 3000 200 160 200 300 850 120 220 500 90 320 950 100 110 100 110 130 90 380 360 100

Lot 10462 10463 10464 10465 10466 10467 10468 10469 10470 10471 10472 10473 10474 10475 10476 10477 10478 10479 10480 10481 10482 10483 10484 10485 10486 10487 10488 10489 10490 10491 10492 10493 10494 10495 10496 10497 10498 10499 10500 10501 10502 10503 10504 10505 10506 10507 10508 10509 10510 10511 10512 10513 10514 10515 10516 10517 10518 10519 10520 10521 10522 10523 10524 10525 10526 10527 10528 10529

Result 700 220 420 440 300 1400 4600 1600 260 420 750 1000 3200 850 1100 400 240 1900 120 550 110 260 110 3000 340 340 280 80 480 480 1700 180 280 320 600 260 240 110 120 140 550 340 400 110 320 1100 1200 240 1500 1400 700 340 420 320 280 360 240 320 900 280 8500 130 190 440 2200 160 950 1600

Lot

Result

10530 10531 10532 10533 10534 10535 10536 10537 10538 10539 10540 10541 10542 10543 10544 10545 10546 10547 10548 10549 10550 10551 10552 10553 10554 10555 10556 10557 10558 10559 10560 10561 10562 10563 10564 10565 10566 10567 10568 10569 10570 10571 10572 10573 10574 10575 10576 10577 10578 10579 10580 10581 10582 10583 10584 10585 10586 10587 10588 10589 10590 10591 10592 10593 10595 10596 10597 10598

2600 100 130 80 1000 140 110 800 340 480 240 220 3000 3400 700 120 550 850 4400 3400 4800 3000 600 1000 1300 1700 1300 3000 1400 650 1400 1200 1600 460 1600 4600 1200 3600 480 650 9500 3800 110 8000 360 2800 1000 650 460 950 420 600 700 3300 850 550 800 400 13500 6000 800 3800 1000 2200 5000 1500 3400 3000

Lot

April 1-5, 2008

Result Lot

Result Lot

Result

“All World” Catalogue Overseas 40000 40001 40002 40004 40005 40006 40007 40010 40011 40012 40013 40014 40017 40018 40019 40021 40022 40023 40024 40025 40026 40028 40029 40030 40032 40033 40034 40036 40037 40038 40039 40040 40041 40042 40043 40044 40045 40046 40047 40048 40049 40050 40051 40053 40054 40055 40057

480 150 950 260 420 380 260 1100 1400 750 340 550 700 500 1100 6000 180 120 120 260 400 100 500 150 1400 1700 700 320 1400 1400 240 340 2400 650 2200 1400 900 110 260 75 850 440 6500 300 1400 1300 150

40058 40059 40060 40061 40062 40063 40064 40065 40066 40067 40068 40069 40070 40071 40072 40073 40074 40075 40076 40077 40078 40079 40080 40081 40082 40083 40085 40086 40087 40088 40089 40090 40091 40092 40093 40094 40095 40096 40097 40098 40099 40100 40110 40113 40119 40120 40121

150 2000 2800 650 240 550 420 550 380 380 240 260 160 360 120 460 160 160 480 550 150 360 280 1500 1200 1300 160 100 1100 600 140 600 180 460 130 320 420 160 600 850 950 180 480 480 575 600 260

Lot 40232 - realised ¤3’824

Lot 40271 - realised ¤3’824 40122 40123 40124 40125 40126 40127 40128 40129 40130 40131 40132 40133 40134 40135 40136 40137 40138 40139 40140 40141 40142 40143 40144 40145 40146 40147 40148

300 260 70 550 180 400 360 150 280 360 180 150 1200 750 120 65 110 300 360 800 180 750 400 180 600 420 320

Lot 40404 - realised ¤2’151

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

David Feldman SA Lot 40149 40150 40151 40152 40153 40154 40155 40156 40157 40158 40159 40160 40162 40164 40165 40168 40169 40171 40173 40175 40178 40179 40180 40181 40183 40189 40197 40201 40202 40203 40204 40205 40206 40208 40209 40212 40213 40214 40215 40216 40219 40220 40221 40222 40224 40225 40226 40227 40228 40229 40230 40231 40232 40233 40234 40235 40236 40237 40238 40239 40241 40242 40243 40244 40246 40247 40248 40250

Result 3800 200 1400 140 150 150 150 130 130 75 220 60 260 550 85 280 300 50 110 400 220 320 95 110 1100 160 200 420 150 750 100 110 200 550 380 550 650 400 130 300 1600 100 60 200 800 1100 480 80 2200 1800 1800 480 3200 90 240 200 5000 140 6000 80 200 6000 1200 80 1400 240 700 1000

April 1-5, 2008 Lot 40257 40258 40260 40266 40267 40268 40269 40270 40271 40272 40273 40274 40275 40276 40277 40279 40280 40282 40283 40286 40287 40288 40289 40290 40291 40292 40293 40294 40296 40297 40298 40299 40300 40303 40304 40306 40310 40313 40315 40317 40318 40319 40320 40321 40322 40323 40326 40327 40328 40329 40330 40331 40332 40333 40334 40335 40336 40338 40339 40340 40341 40342 40343 40344 40345 40346 40347 40348

Result 3200 50 300 100 170 180 1800 2200 3200 800 200 1200 400 130 420 500 2600 1100 200 100 500 340 300 130 800 200 4200 220 60 260 240 1200 300 100 180 160 220 1600 100 170 460 110 4200 1600 3000 800 420 220 480 80 240 650 120 80 220 400 180 220 260 320 300 100 300 400 280 600 420 500

Lot 40349 40350 40351 40354 40355 40357 40360 40361 40368 40369 40370 40371 40372 40374 40375 40376 40378 40379 40380 40383 40384 40387 40389 40391 40395 40396 40397 40398 40399 40401 40402 40403 40404 40405 40406 40407 40408 40409 40411 40412 40413

Result 500 550 160 380 240 80 160 700 240 600 600 400 300 2200 240 360 600 750 110 90 100 500 500 700 300 190 130 190 130 1750 600 150 1800 320 420 320 800 240 240 320 150

Lot 40494 - realised ¤21’510

Lot 40495 - realised ¤21’510

Europe & Colonies 40414 40416 40417 40418 40419 40421 40422 40423 40424 40427 40428 40429 40431 40432 40433 40434 40435 40437 40438 40439 40440 40441 40443

850 150 150 1800 650 600 26000 3600 400 170 220 800 440 160 340 75 900 70 80 340 320 750 240

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

Lot 40511 - realised ¤22’705

Lot 40579 - realised ¤14’340

PRICES REALISED (e)

David Feldman SA Lot

Result

Lot

Result

Lot

Result

Lot 40686 - realised ¤13’145

Lot 40748 - realised ¤4’780 40444 40445 40448 40449 40450 40453 40454 40455 40456 40458 40459 40460 40461 40462 40463 40464 40465 40466 40467 40468 40469 40470 40471 40472 40473 40474 40475 40476 40477 40478 40479 40480 40481 40482

120 420 130 700 500 600 380 600 110 100 320 6000 240 750 300 190 1100 700 2600 1900 1600 240 300 550 3200 1500 500 1200 280 440 600 1800 600 700

40483 40484 40485 40486 40487 40488 40489 40490 40491 40492 40493 40494 40495 40496 40497 40498 40499 40500 40501 40502 40503 40504 40505 40506 40507 40508 40509 40510 40511 40512 40513 40514 40515 40516

360 80 70 300 900 4200 280 2600 9500 300 2800 18000 18000 2800 750 700 6500 2800 420 1700 4800 1000 460 6500 2000 2200 2000 3800 19000 3400 1600 240 130 90

40517 40518 40519 40520 40521 40522 40523 40524 40525 40526 40527 40529 40530 40531 40533 40534 40535 40536 40537 40538 40539 40540 40541 40542 40543 40544 40545 40546 40547 40548 40549 40550 40551 40552

700 50 180 500 1300 1800 750 220 240 340 600 220 1400 500 130 240 120 190 550 170 340 480 800 200 800 280 400 650 220 300 4000 80 400 300

Lot 40553 40554 40555 40556 40557 40558 40560 40561 40562 40563 40566 40567 40569 40570 40571 40572 40573 40574 40575 40577 40578 40579 40580 40581 40582 40583 40584 40587 40588 40589 40591 40592 40593 40594 40595 40598 40599 40601 40602

April 1-5, 2008

Result Lot 360 950 90 600 120 1200 160 380 1400 340 260 280 1400 100 280 2600 2600 4000 340 280 3800 12000 2000 2600 600 340 1000 1100 340 120 160 90 320 800 600 190 400 1800 260

40603 40604 40605 40606 40607 40608 40609 40610 40611 40612 40613 40614 40615 40616 40617 40618 40619 40620 40621 40623 40624 40625 40626 40627 40628 40629 40630 40631 40632 40634 40636 40637 40639 40640 40641 40642 40643 40644 40645

Result Lot 260 170 700 750 130 1400 550 1900 170 200 110 340 170 650 180 700 95 280 300 220 300 110 190 240 1600 180 160 700 320 85 200 200 1500 130 120 80 140 160 2200

40646 40647 40648 40649 40652 40653 40654 40655 40657 40658 40661 40662 40663 40664 40665 40666 40667 40668 40669 40670 40672 40673 40676 40680 40681 40682 40683 40684 40685 40686 40687 40688 40689 40690 40692 40693 40694 40695 40696

Result 850 500 460 1900 240 120 240 320 600 240 550 2200 850 460 1100 2600 400 550 220 320 190 600 100 190 240 1700 360 130 700 11000 60 2800 480 280 240 1400 200 160 200

Lot 40784 - realised ¤2’868

Lot 40804 - realised ¤2’390

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

David Feldman SA Lot 40697 40698 40699 40702 40703 40704 40705 40706 40707 40708 40709 40710 40711 40712 40714 40715 40717 40718 40721 40722 40723 40724 40725 40726 40727 40728 40729 40730 40731 40732 40733 40734 40735 40736 40737 40738 40739 40740 40741 40743 40744 40745 40746 40747 40748 40749 40750 40752 40754 40755 40756 40757 40758 40759 40760 40761 40762 40763 40765 40768 40771 40774 40775 40776 40777 40778 40779 40780

Result 750 240 320 600 700 130 160 500 110 140 170 220 220 150 420 460 140 260 500 260 80 240 900 340 550 170 220 460 320 300 240 700 240 200 200 100 220 550 130 750 750 950 220 1800 4000 300 190 200 700 240 420 260 480 280 170 200 500 50 240 600 320 180 1400 190 1500 2400 400 4200

April 1-5, 2008 Lot 40781 40782 40783 40784 40785 40786 40787 40788 40789 40790 40791 40792 40793 40794 40795 40797 40799 40802 40803 40804 40805 40806 40808 40810 40811 40812 40814 40815 40816 40817 40818 40819 40821 40822 40823 40824 40825 40826 40829 40830 40831 40832 40834 40836 40838 40841 40844 40847 40848 40849 40854 40855 40856 40857 40858 40859 40860 40861 40862 40865 40866 40867 40868 40869 40870 40871 40872 40873

Result 100 280 260 2400 550 240 170 1800 340 400 1100 1100 550 200 550 200 200 220 1500 2000 360 1000 380 280 900 700 550 3600 380 600 220 1300 380 120 4800 200 1500 480 750 220 2000 160 170 1300 1200 280 1400 600 500 750 230 700 380 110 320 320 85 1800 1900 170 60 850 600 650 260 190 1100 800

Lot 40874 40875 40877 40879 40881 40882 40883 40884 40885 40886 40887 40888 40889 40890 40891 40892 40893 40894 40895 40896 40897 40898 40900 40901 40902 40903 40904 40905 40906 40907 40908 40909 40911 40912 40913 40917 40920 40921 40922 40923 40924 40927 40928 40930 40932 40933 40936 40937 40938 40941 40944 40945 40946 40947 40948 40949 40950 40951 40952 40953 40954 40956 40957 40958 40959 40960 40961 40963

Result Lot 400 160 80 650 900 440 360 60 4400 120 280 1800 1300 1600 200 700 130 10000 130 550 90 110 420 1200 80 575 320 550 110 120 220 70 360 800 700 110 170 1600 850 7000 450 850 2800 420 1200 320 130 100 480 280 800 60 1500 1000 180 12000 420 260 600 280 200 100 550 2000 1100 220 200 340

Result

40964 40965 40966 40967 40968 40969 40970 40971 40972 40973 40974 40977 40978 40979 40981

170 260 150 240 360 3000 320 240 4200 95 150 100 150 150 220

Lot 40982 40983 40984 40985 40986 40987 40988 40989 40990 40991 40992 40993 40994 40995 40996

Result Lot 95 140 400 750 650 80 7500 500 260 5500 360 600 400 260 550

40997 40998 40999 41000 41001 41002 41003 41004 41005 41006 41007 41008 41009 41011 41012

Result 400 650 950 1700 1600 3600 700 600 700 160 320 300 1400 100 260

Lot 40949 - realised¤14’340

Lot 40988 - Austrian P.O. Romania - realised ¤8’963

Lot 41002- French P.O. Romania - realised ¤4’302

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

PRICES REALISED (e)

David Feldman SA Lot 41013 41014 41015 41016 41017 41018 41019 41020 41021 41022 41023 41024 41025 41026 41027 41028 41029 41030 41031 41032 41033 41034 41035 41036 41037 41039 41040 41041 41042 41043 41044 41045 41046 41047 41048 41049 41050 41051 41052 41053 41054 41056 41057 41058 41059 41060 41061 41066 41067 41068 41069 41070 41071 41074 41075 41076 41079 41080 41081 41083 41084 41085 41086 41087 41088 41089 41091 41092

Result 160 420 460 800 220 360 95 110 110 85 200 380 220 160 220 65 130 85 280 380 240 110 80 320 160 120 260 110 220 110 400 400 110 200 500 320 240 150 300 65 160 260 130 340 2000 2600 950 340 120 100 1500 500 900 180 300 60 650 130 260 380 360 320 180 220 90 100 120 1100

Lot

Result

41094 41096 41097 41098 41099 41106 41107 41108 41111 41112 41113 41115 41116 41117

150 500 100 480 190 320 600 480 500 600 110 100 360 550

Great Britain

41118 41119 41120 41123 41124 41125 41126 41127 41128 41129 41130 41131 41132 41133 41134 41135 41136 41137 41138 41139 41140 41141 41142 41143 41144 41145 41146 41147 41148 41149 41150 41151 41152 41153 41154 41155 41156 41157 41158 41159 41160 41161 41162 41163 41164 41165 41166 41167 41168 41169 41170

50 140 190 420 150 150 240 320 80 500 150 12000 420 650 360 500 160 260 140 150 650 280 480 1400 1200 1400 160 170 100 550 150 440 200 190 170 600 150 170 280 280 1300 1500 1900 140 280 280 400 200 150 150 400

Lot

Result

41171 41172 41173 41174 41175 41176 41177 41178 41179 41180 41181 41182 41183 41184 41185 41186 41187 41188 41189 41190 41191 41192 41193 41194 41195 41196 41197 41198 41199 41200 41201 41202 41203 41204 41205 41206 41207 41208 41209 41210 41211 41212 41213 41214 41215 41216 41217 41218 41219 41220 41221 41222 41223 41224 41225 41226 41227 41228 41229 41230 41231 41232 41233 41234 41235 41236 41237 41238

440 340 200 130 220 160 1900 1600 120 7000 220 460 160 280 240 220 120 1200 150 150 260 190 170 420 1400 380 180 200 200 140 200 170 180 260 110 500 950 150 150 220 100 1200 170 100 1600 220 360 260 130 240 300 8500 150 440 2200 240 600 190 320 240 190 1100 1400 2600 300 150 260 200

Lot

April 1-5, 2008

Result Lot

Result Lot

Result

Lot 41222 - realised ¤10’158 41239 41240 41241 41242 41243 41244 41245 41246 41247 41248 41249 41250 41251 41252 41253 41254 41255 41256 41257 41258 41259 41260 41261 41262 41263 41264

950 160 240 280 320 220 180 260 550 240 160 320 200 140 1500 1500 320 180 220 280 130 340 750 160 320 1500

Lot 41131 - realised ¤14’340 41265 41266 41267 41268 41269 41270 41271 41272 41273 41274 41275 41276 41277 41278 41279 41280 41281 41282 41283

550 140 650 240 280 950 750 140 220 200 180 2400 36000 380 280 280 340 260 1600

41284 41285 41286 41287 41288 41289 41290 41291 41292 41293 41294 41295 41296 41297 41298 41299 41300 41301 41302

1500 1300 2600 22000 900 5500 500 1000 650 420 400 320 1000 550 320 420 1500 480 420

Lot 41277 - realised ¤43’020

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

David Feldman SA Lot

Result

Lot 41509 - realised ¤4’063 41303 41304 41305 41306 41307 41308 41309 41310 41312 41313 41314 41315 41316 41317 41318 41319 41320 41321 41322 41323 41324 41325 41326 41327 41329 41330 41331 41332 41333 41334 41335 41336 41337 41338 41339 41340 41341 41342 41343 41344 41345 41346 41347 41348 41349 41350 41351 41352 41353 41354 41355 41356 41357 41358 41359 41360

320 4800 320 550 1100 900 650 300 1200 700 280 220 240 160 700 300 1900 600 440 4600 200 3600 1800 300 150 70 150 380 100 70 240 140 50 80 85 140 750 750 130 800 8500 2400 440 140 400 420 750 440 1300 300 400 340 750 110 190 380

April 1-5, 2008 Lot

Result

Lot 41513 - realised ¤7’170 41361 41362 41363 41365 41366 41367 41368 41369 41370 41371 41372 41373 41374 41375 41376 41377 41378 41379 41380 41381 41382 41384 41385 41386 41387 41388 41389 41390 41391 41392 41393 41394 41395 41396 41397 41398 41399 41400 41401 41402 41403 41404 41405 41406 41407 41408 41409 41410 41411 41412 41413 41414 41415 41416 41417 41418

6500 650 360 140 550 650 2400 600 240 550 420 7500 180 240 2600 850 6500 70 70 70 75 650 170 420 300 65 130 160 150 1700 1100 950 1500 30 100 80 110 100 150 130 600 5000 700 340 120 180 220 100 60 130 8500 120 7000 500 2200 380

Lot

Result Lot

Lot 41544 - realised ¤7’170 41419 41421 41422 41423 41426 41430 41431 41432 41434 41436 41438 41440 41442 41443 41444 41446 41447 41448 41449 41451 41452 41453 41454 41455 41456 41457 41458 41459 41460 41461 41462 41463 41464 41465 41466 41467 41468 41469 41470 41471

1100 5500 150 550 200 200 550 120 280 150 200 100 200 320 340 500 100 160 800 170 400 550 700 420 240 340 200 260 200 400 340 300 700 240 320 100 1200 90 320 200

Result

41472 41474 41475 41476 41477 41478 41479 41480 41481 41482 41485 41487 41488 41489 41490 41491 41492 41493 41494 41495 41496 41497 41498 41499 41500 41502 41503 41504 41505 41506 41507 41508 41509 41510 41511 41512 41513 41514 41515 41516 41517 41518 41519 41520 41521 41522 41523 41526 41528 41531 41537 41538

320 360 7000 360 100 380 200 160 500 300 65 260 50 130 500 300 440 1200 120 380 300 380 200 380 460 3600 550 2400 2000 1500 900 1900 3400 3200 1700 3600 6000 1000 850 360 4400 1100 3200 440 2800 3200 1900 200 80 110 70 130

Lot 41539 41540 41542 41544 41545 41548 41549 41550 41551 41552 41553 41554 41555 41556 41557 41558 41559 41560 41561 41563 41564 41565 41566 41567 41568 41569 41570 41571 41572 41573 41574 41575 41577 41578 41580 41581 41582 41583 41584 41585 41586 41588 41589 41590 41591 41592 41593 41594 41595 41596 41597 41598

Result Lot 70 100 2000 6000 80 120 65 150 2200 160 1000 420 160 80 70 130 65 60 70 500 460 60 110 60 4200 1700 1700 400 380 260 130 120 160 220 200 460 260 2400 2000 3200 500 750 75 80 75 65 110 220 130 220 500 650

41599 41600 41601 41602 41603 41604 41605 41606 41608 41609 41610 41611 41612 41613 41614 41615 41616 41617 41618 41619 41620 41621 41622 41623 41624 41625 41626 41627 41628 41629 41630 41631 41632 41633 41634 41635 41636 41637 41638 41639 41640 41641 41642 41643 41644 41645 41646 41647 41648 41650 41651 41652

Result 380 550 700 500 700 2400 1400 2400 140 320 300 200 650 420 220 100 240 160 10000 190 340 380 2600 2400 240 100 300 100 240 550 400 900 420 400 380 240 520 80 1200 2400 650 600 240 460 240 420 150 110 850 800 340 40

Lot 41618 - realised ¤11’950

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

PRICES REALISED (e)

David Feldman SA Lot

Result

Lot

Result

British Commonwealth 41653 41655 41656 41659 41660 41661 41662 41663 41664 41665 41666 41667 41668 41671 41672 41673 41674 41675 41676 41677 41680 41681 41682 41683 41684 41685 41686 41687 41688 41689 41690 41691 41692 41693 41695 41698 41699 41700 41702 41704 41705 41706

200 240 1300 550 2400 500 2400 160 1200 55 380 120 170 320 260 340 5500 190 150 160 320 140 320 600 70 750 100 140 360 2200 2200 2600 2400 950 220 3200 80 1800 850 190 1000 160

Lot 41692 - realised ¤2’868

41708 41709 41710 41713 41718 41719 41720 41722 41725 41726 41727 41729 41730 41731 41732 41733 41734 41735 41736 41737 41738 41739 41740 41741 41742 41743 41744 41745 41746 41747 41748 41749 41750 41751 41752 41753 41754 41755 41756 41759 41760 41762

4400 190 220 1300 100 240 400 220 80 220 440 3600 3250 2800 260 3000 2000 700 2000 3000 500 3000 2000 2000 400 4000 10000 1000 5000 1000 2000 2000 1500 100 460 140 2000 80 1500 200 400 420

Lot

Lot 41708 - realised ¤5’258

Lot 41698 - realised ¤3’824

10

Result

41763 41764 41773 41774 41775 41777 41778 41779 41780 41782 41783 41784 41785 41786 41787 41788 41789 41790 41791 41792 41795 41796 41797 41798 41799 41800 41801 41802 41803 41804 41805 41810 41811 41812 41813 41814 41815 41819 41821 41822 41824 41829 41830 41831

70 180 300 280 220 300 240 170 260 70 2600 4800 3000 2400 4000 220 220 200 200 260 500 180 150 200 200 380 280 220 100 180 400 7500 1600 460 180 100 2000 280 120 320 100 80 70 170

Lot 41746 - realised ¤5’975

Lot

April 1-5, 2008

Result Lot

Result Lot

Result

Collections, Lots & Estates 50000 50001 50002 50003 50004 50005 50007 50008 50009 50010 50012 50013 50014 50015 50016 50017 50018 50019 50020 50021 50022 50023 50024 50025 50026 50027 50028 50029 50030 50031 50032 50033 50034 50035 50036 50037 50039 50040 50041 50042 50043 50044 50045 50046 50047 50048 50049 50050 50051 50052 50053 50054 50055 50056 50057 50058 50059 50060 50061 50062 50063 50064 50065 50066 50067 50068

950 480 110 700 400 320 6000 600 2200 600 11500 9000 250 3000 1300 400 2900 2200 220 250 1900 1100 850 3200 360 300 950 3200 440 2200 1400 550 700 650 900 160 120 2800 1700 850 850 650 1300 65 1100 420 240 1100 19000 90 4000 240 700 220 950 150 340 100 110 1100 190 8500 260 550 200 1700

50069 50070 50071 50072 50073 50074 50075 50076 50077 50078 50079 50080 50081 50082 50083 50084 50085 50086 50088 50089 50090 50091 50093 50094 50095 50096 50097 50098 50099 50100 50101 50102 50103 50104 50105 50106 50107 50108 50109 50110 50111 50112 50113 50114 50115 50116 50117 50118 50119 50120 50121 50123 50124 50125 50126 50127 50128 50129 50130 50131 50132 50133 50134 50135 50136 50137

80 1900 150 2400 170 130 95 550 14000 280 2400 360 3400 340 440 1600 130 200 500 2800 380 950 800 320 1200 300 800 85 75 800 1100 600 11000 120 2700 6600 4200 8500 480 1300 800 950 1600 2600 440 4600 180 220 60 300 750 500 65 550 1000 1500 1400 600 320 1300 320 280 750 2200 340 2500

50138 50139 50140 50141 50142 50143 50144 50145 50146 50147 50148 50149 50150 50152 50153 50154 50155 50156 50157 50158 50159 50160 50161 50162 50163 50164 50165 50166 50168 50169 50170 50171 50172 50173 50174 50175 50176 50178 50179 50180 50182 50183 50184 50185 50186 50187 50188 50189 50190 50191 50192 50193 50194 50195 50196 50197 50198 50199 50200 50201 50202 50203 50204 50205 50206 50208

340 950 750 100 1000 440 750 750 550 60 110 120 70 550 800 1900 170 220 1000 4800 550 3200 300 220 400 500 190 460 1300 260 1900 130 480 140 380 460 320 550 440 650 420 50 220 150 380 150 700 1200 130 650 1500 150 750 750 130 750 550 850 240 300 220 110 6500 300 100 850

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

David Feldman SA Lot 50209 50210 50211 50212 50213 50214 50216 50217 50218 50219 50220 50221 50222 50223 50224 50225 50226 50227 50228 50229 50230 50231 50232 50233 50235 50236 50237 50238 50239 50240 50241 50242 50243 50244 50246 50247 50248 50249 50252 50253 50254 50255 50256 50257 50258 50259 50260 50261 50262 50263 50264 50265 50266 50267 50268 50269 50270 50271 50272 50273 50274 50275 50276 50277 50279 50280 50281 50282

Result 1900 650 3600 60 400 420 550 190 120 1200 750 320 1200 550 9000 850 460 600 5500 650 110 220 1500 400 220 460 4800 950 280 1100 360 1900 420 2000 280 2400 1200 800 3400 500 110 1000 100 260 800 440 550 1000 100 260 3400 550 60000 420 1400 3400 1300 500 1200 4200 2100 2600 280 4000 5500 1100 1000 900

April 1-5, 2008 Lot 50283 50284 50285 50286 50288 50289 50290 50291 50292 50293 50294 50295 50296 50297 50298 50299 50300 50301 50302 50303 50304 50305 50306 50307 50308 50309 50310 50311 50312 50313 50314 50315 50316 50317 50318 50319 50320 50321 50322 50323 50324 50325 50327 50328 50329 50330 50331 50332 50333 50334 50335 50337 50338 50339 50340 50341 50342 50343 50344 50345 50346 50347 50348 50349 50351 50352 50353 50354

Result 400 440 700 650 2200 650 1300 400 1200 950 480 1300 800 360 400 200 320 130 420 800 220 700 1100 850 300 3600 420 4600 850 100 110 280 100 2400 500 440 180 3800 600 2000 4600 1500 2800 4800 700 400 3200 150 180 1900 3200 2000 440 340 4000 14000 400 800 650 340 550 1700 600 1400 240 950 3800 850

Lot 50355 50356 50357 50358 50359 50360 50361 50362 50363 50364 50365 50367 50368 50369 50370 50371 50372 50373 50374 50378 50379 50381 50382 50383 50385 50387 50390 50391 50392 50393 50394 50395 50397 50398 50399 50400 50401 50402 50404 50405 50407 50408 50409 50410 50411 50412 50413 50415 50416 50417 50418 50419 50420 50421 50422 50423 50424 50425 50426 50427 50428 50429 50430 50431 50432 50433 50434 50436

Result Lot 900 340 3200 190 400 3000 200 220 1200 1400 1800 550 550 1700 1200 6000 3000 240 750 420 300 1500 160 270 380 420 3000 160 1300 1900 850 120 1500 200 240 160 850 1200 200 440 360 240 300 600 200 220 500 90 300 440 220 380 2800 160 300 280 420 2000 2600 1500 7000 120 380 650 220 8000 550 480

Result

50437 50438 50440 50441 50442 50443 50445 50446 50447 50448 50449 50450 50451 50452 50454 50455 50456 50457 50458 50459 50460 50461 50462 50463 50464 50465 50466 50467 50468 50469 50470 50471 50472 50473 50474 50476 50477 50478 50479 50480 50481 50482 50483 50484 50486 50487 50488 50489 50490 50491 50492 50493 50494 50495 50496 50497 50498 50499 50500 50501 50503 50504 50506 50507 50508 50509 50510 50511

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

380 65 650 320 150 240 360 1200 1900 700 1200 200 4000 750 15000 1400 360 4800 600 7500 200 750 1900 300 1100 200 380 280 1900 13000 1900 460 160 700 360 550 420 150 3400 320 5500 1600 150 900 2400 1300 140 420 750 700 5500 650 340 600 3400 5500 340 480 420 340 3200 600 240 320 2800 700 650 600

Lot 50512 50514 50515 50516 50517 50518 50519 50520 50521 50522 50523 50524 50525 50526 50527 50528 50529 50530 50531 50532 50533 50534 50535 50537 50538 50539 50540 50541 50543 50545 50546 50547 50548 50549 50550 50551 50552 50553 50554 50555 50556 50558 50559 50560 50561 50562 50563 50564 50565 50566 50567 50568 50569 50570 50571 50572 50573 50574 50575 50576 50577 50579 50580 50581 50582 50583 50584 50585

Result Lot 360 4200 3200 4800 650 4000 300 220 100 500 320 320 1400 150 2800 650 900 320 2800 23000 150 480 220 320 1200 220 1300 22000 60 1600 600 8500 460 160 1800 170 550 90 3400 30000 120 600 280 240 3000 1300 650 1000 1300 380 12000 6500 1400 6000 5500 1200 1900 4000 120 600 6500 260 1100 80 850 1600 480 320

50586 50588 50589 50590 50591 50592 50593 50594 50595 50596 50597 50598 50599 50600 50601 50602 50603 50604 50605 50606 50607 50608 50609 50610 50611 50612 50613 50614 50615 50616 50617 50618 50619 50620 50621 50623 50624 50625 50626 50627 50628 50630 50631 50632 50633 50634 50635 50636 50637 50638 50639 50640 50641 50642 50643 50644 50645 50646 50647 50648 50652 50653 50654 50660 50661 50662 50663 50664

Result 220 6500 500 800 750 600 120 11000 6500 6500 13000 2400 4400 4200 550 1800 2400 3600 14000 2000 4000 260 480 4200 4000 3000 650 3400 180 260 1300 100 110 650 80 420 1800 3000 340 340 3000 1500 1800 7500 3200 1400 2400 1400 320 500 1100 600 3600 1200 700 3000 1200 120 1700 1500 150 160 1000 400 340 440 1100 80

11

Every Six Months!

Distinguished items are eagerly sought for our Autumn 2008 offer of

Rarities of the World Part of our Autumn auctions, October 2-6, 2008. If you have a suitable item, please contact us as soon as possible (deadline is mid-July, 2008) as the Rarities auction is always limited to a small number of lots.

Special conditions can be considered.

David Feldman SA, 175 route de Chancy, P.O. Box 81, CH-1213 Onex, Geneva, Switzerland Tel: +41 22 727 07 77, Fax: +41 22 727 07 78, E-mail: admin@davidfeldman.com, Web site: www.davidfeldman.com Representation in 25 cities on all 5 continents

David Feldman SA Lot

Result

April 1-5, 2008 Lot

Result

Lot

Result

Rarities of the World & Important Collections

Lot 60004 - realised ¤155’350 60000 60001 60002 60003 60004 60005 60006 60007 60008 60009 60010 60011 60012 60013 60014 60015 60016 60017 60018

4900 30000 500000 10000 130000 32000 30000 50000 7500 1500 1700 2000 3800 11000 5500 11000 5500 4400 7000

60020 60021 60022 60023 60024 60025 60026 60027 60030 60031 60032 60033 60034 60035 60037 60038 60039 60041 60042

20000 5500 4000 11000 9500 8500 32000 8000 90000 6500 12000 3800 32000 1900 3000 3000 32000 46000 27000

60043 60044 60045 60046 60047 60048 60050 60051 60052 60054 60055 60056 60057 60059 60060 60061 60064 60066 60067 60068 60069 60070 60071 60072 60073 60074 60075 60076 60077 60078 60080

20000 17000 14000 1100000 400000 26000 4000 38000 10000 4000 7500 4200 3000 22000 5500 11000 14000 8500 75000 6500 1900 20000 19000 12000 1700 12000 7000 9000 6000 11000 16000

Lot 60015 - realised ¤13’145

Lot 60018 - realised ¤8’365

Lot 60034 - realised ¤38’240

Lot 60039 - realised ¤38’240

Lot 60020 - realised ¤23’900

Lot 60030 - realised ¤107’550

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

Lot 60048 - realised ¤31’070

13

PRICES REALISED (e)

David Feldman SA Lot

Result

Lot

April 1-5, 2008

Result

Great Results for Important Collections!

For example: CANADA - lots 60005-60007

Total Estimates €38’000 - 51’000

REALISED €133’840 Lot 60044 - realised ¤20’315 60081 60082 60083 60084 60085 60086 60087 60089 60090 60091 60092 60094 60096 60097 60098 60099

3800 7000 1200000 8000 11000 10000 6500 26000 9000 26000 7000 7500 24000 17000 7500 23000

60100 60101 60102 60103 60104 60105 60106 60107 60108 60109 60110 60111 60112 60113 60114 60115

Lot 60082 - realised ¤8’365 17500 26000 4400 4400 15000 28000 15000 16000 3600 11000 5000 24000 4800 7000 2200 12000

USA - lots 60104-60115

Total Estimates €72’300 - 101’100

REALISED €171’602

Final date for inclusion of your items in our Autumn 2008 Auctions is mid-July, 2008; contact us today for preliminary evaluation and consignment information.

Lot 60067 - realised ¤89’625

Lot 60071 - realised ¤22’705

Lot 60101 - realised ¤31’070 Lot 60091 - realised ¤31’070

14

Prices do not include buyer’s premium and charges Lots not included in this list were either withdrawn or did not bring a bid Prices may include lots bought back under reserve

At David Feldman, RESULTS MATTER Every auction series, Spring or Autumn, is an opportunity to demonstrate the presentation, preparation and philatelic knowledge we bring to EVERY property consigned to us for sale through our semi-annual auctions. Our knowledgeable staff of philatelists and other specialists work to create a true “labour of love” which showcases in an appropriate manner EVERY item, be it a rarity, specialised collection or large lot, based on over 40 years’ experience in the philatelic marketplace.

The “Crown Jewel” of Philately, the famous “Bordeaux Cover,” franked by the complete 1847 “Post Office” issue of Mauritius, sold through our auctions in 1993 for US $5 million — the all-time world’s record for ANY philatelic item!

If YOU have a property which may be for sale in the future, it will literally pay you to contact us. Every auction company trumpets “high prices,” but we have set - and hold - world record prices in every area of philately, from individual rarities to large lots. If you want to be sure of obtaining a great result for your great philatelic property, do not hesitate to let us get to work for you.

Our auction series each Spring and Autumn both feature a separate catalogue of Rarities of the World (often including highly specialised collections offered intact), large lots and estates, plus stamps and postal history from the world over, with separate specialised auction catalogues as warranted.

Items for inclusion in our Autumn auctions must reach us by mid-July, and for our Spring auctions by mid-January. We can arrange to meet you at your home or office, as our staff travels extensively and we have representatives in 25 countries, world-wide.

If results matter to you (and we are sure that they do), call or write to us so that we can begin to work together, as your “reliable partner,” towards the intelligent presentation and promotion of your collection, exhibit or other holding.

Deadline for inclusion of your items in our Autumn 2008 Auctions is mid-July, 2008; contact us today for consignment information

David Feldman SA, 175 route de Chancy, P.O. Box 81, CH-1213 Onex, Geneva, Switzerland Tel: +41 22 727 07 77, Fax: +41 22 727 07 78, E-mail: admin@davidfeldman.com, Web site: www.davidfeldman.com Part of the Feldman Frey Philatelic group

Prices Realised

Spring Auctions – April 1-5, 2008

Lot 60002 - realised ¤597’500 (CHF 951’818 - $939,868 - £477,403)

Lot 60047 - realised ¤478’000 (CHF 761’454 - $751,895 - £381,922)