Dear collector, Thank you very much for your participation at our successfully Auction in Munich. Total hammer price 195,552 Euro. Very strong were US Railroads, Russia, China and Germany after 1945. The results of the 109th Auction from Freunde Historischer Wertpapiere are online. 933 lots from the sale already found a new owner. But some fantastic items are still available. First come - first serve. Place your bids NOW at just the start price. After sale till July 9, 2016...
 

Results of the 109. FHW-Auction:

total starting prices: € 374.783
total sold prices: € 195.552
quote: 51,6 %

total lots: 1930
total bids: 933
quote: 48,3 %