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VERY FINE APPEARANCE. THIS INTACT PANE OF EIGHTEEN IS THE LARGEST UNUSED MULTIPLE OF THE 90-REIS BULL'S EYE ISSUE. NO OTHER UNUSED 90-REIS PANE IS RECORDED. ONE OF THE GREAT RARITIES OF BRAZIL AND OF WORLDWIDE CLASSIC PHILATELY.
The largest recorded unused blocks of the three Bull's Eye values are as follows: 30r, three blocks of four (one heavily creased and rebacked), none larger; 60r, a complete sheet of 60 from the Large Plate, followed by a block of 20 (Large Plate) and smaller blocks from the Composite Plates (there is no known complete unused pane of 18 of the 60r from the Composite Plate); and 90r, the unused pane of 18 offered here, followed by a block of 12 (these are the only recorded unused blocks of the 90r).
Photos of this pane in its original condition may be found in American Philatelic Society's 1943 Centenary Handbook (page 45) and the 1966 Harmer, Rooke & Co. catalogue of the de Souza collection (lot 591). They show the tears in the corners and interior scrapes, which have been sealed and touched up in places to great effect, but there are no paper additions.
Ex Dr. Hermes (according to A.P.S. 1943 Centenary Handbook, page 45), Mario de Souza (a key element of his Efimayo 1960 Grand Prix award-winning exhibit) and Angelo Lima (a key element of his exhibit, which won the International Grand Prix at Philexfrance 1989 and Grand Prix d'Honneur at Philanippon 1991). The pane was acquired by Islander in a private transaction when the Lima collection was dispersed through David Feldman S.A. in November 1993.
No catalogue can possibly measure the value of this unique item, but for the record the Meyer Brazilian Empire Stamp Catalogue prices an unused 90r block of four at Euros 46,000 and an unused pair at Euros 9,800, for a total of Euros 167,400.