“The auction began at 5 p.m. and continued ’til 8 p.m., with a jam-packed room and voracious bidding on the phones and internet,” said Spink auctioneer Andrew Pattison.
The auction began with a £5 banknote bearing the lowest serial number—AA01 000017—of the bank’s new polymer notes.
“The lot attracted much attention with an excited flurry of bidding,” said Pattison, who added this initial lot “set the tone for the rest of the auction by exceeding its estimate significantly at £4,150.”
That’s about $6,650 Cdn.
Pattison said the auction—what he reffered to as a “white glove sale”— was a “great success,” adding every item sold for more than its pre-sale estimate.
“Spink is thrilled with these results and the enthusiasm in the room was palpable,” he said. “Everyone wanted to get their hands on the lowest serial number possible.”
Altogether, the sale realized £203,820 (more than $328,000 Cdn.).
This money will be divided among three charities, each of which is dedicated to supporting youth and was chosen by Bank of England staff. These are the Myotubular Trust, The Lilly Foundation; and Bliss, the U.K.’s leading charity for premature babies.
“It is always a very special type of excitement when compassion is combined with a collector’s zeal to drive an auction,” said auctioneer Barnaby Faull. “Spink very much looks forward to the next”.