Auction 159 information

96 Lots | Spanish Banknotes

José Octavio Busto Iñiguez
1935-2023
“An Unceasing Collector”

José Octavio was born in Amandi, a parish in Villaviciosa, Asturias, on an August day in 1935. At the age of 19, he decided to broaden his horizons and emigrated to Santo Domingo, where he spent six years working at the Dominican Shipyards. Despite his young age, he held several important positions there, becoming the youngest assistant to the superintendent of docks.

At the time of his passing, José Octavio still maintained friendships from those early years, which he cherished as part of his life; his time in Santo Domingo left an indelible mark on him.

In 1960, true to his adventurous spirit, he set sail and continued to navigate the seas until 1975, serving as Chief Purser on various cruise ships.

Eventually, the inevitable happened: he fell in love in Puerto Rico with the daughter of Asturians who had long been established on the island. Upon marrying Milagros Alvarez Rodríguez, he ended his years at sea and established a highly successful business representing cruise ships, a venture now managed by his sons Tomás and Kristian.

José Octavio was the quintessential collector. His interests were broad and encompassed various collections of banknotes, coins, works of art, rare books, archaeology, and more, including an exceptionally important collection of Mexican colonial ounces, which he sold privately several years ago.

Our friend was a constant presence at major auctions and numismatic conventions in the United States and Europe.

All of us who had the privilege of knowing him miss his kind presence.

20% Buyer’s Premium.

Auction invoices will be sent to your email at the conclusion of auctions 159 and 160.

Certificates of authenticity will only be available for download in PDF format from your “My Account” panel.

You can view the lots in our offices on June 16-22, 2025. The weekend previous to the auction, June 21-22, our offices will be open to the public. Request an appointment here.

The bidding ranges during the live bidding will be as follows:

• An increment of 5€ applies up to 100€.
• An increment of 10€ applies up to 300€.
• An increment of 20€ applies up to 500€.
• An increment of 50€ applies up to 1.000€.
• An increment of 100€ applies up to 3.000€.
• An increment of 200€ applies up to 5.000€.
• An increment of 250€ applies up to 10.000€.
• An increment of 500€ applies up to 20.000€.
• An increment of 1.000€ applies up to 50.000€.
• An increment of 2.500€ applies up to 70.000€.
• An increment of 5.000€ applies up to 100.000€.
• An increment of 10.000€ applies from 100.000€ up.

At Tauler&Fau we are committed to the safety of our customers and that is why the preparation process of the shipments will be carried out with the appropriate safety equipment.

In order to comply with current Spanish legislation, buyers should note that the export of coins over 100 years old requires the issuance of an Export Licence by the Ministry of Culture, regardless of the country of destination. The licence will be free of charge for European Union countries.

For any questions you can contact us through:
Phone: +34 91 422 14 44
E-mail: [email protected]