What has happened to Stanley Gibbons? This world famous company is now practically valueless. When as a child I became a stamp collector and later an expert at a prestigious auction house in Bond Street, the Gibbons catalogue was the bible for collectors. Now all there is, is a weekly investment advice offering unregulated investments in stamps, coins and collectables owned by the failing group.
I am an art dealer and know that the pieces I sell can be re-offered in auction for a return, but Gibbons’ clients are holding onto vast collections with no easy way of regaining their money. It is a sad state of affairs that these old companies are drained of their finances by their directors who are still offering investment advice.