Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > World > Rare stamp sells for record $9.5 million
Breaking News: Microsoft earnings: beat on revenue, miss on profit
Open news article

Rare stamp sells for record $9.5 million

One News Page Staff
Wednesday, 18 June 2014

Rare stamp sells for record $9.5 millionby

The world's most expensive stamp - the rare 19th Century British Guiana One-Cent Magenta - has sold at auction for a record $9.5 million

NEW YORK CITY -- A tiny stamp issued in 1856 in a former British colony sold at auction in New York for a record $9.5 million on Tuesday. David Redden, vice chairman of auction house Sotheby's, called the sale "a truly great moment for the world of stamp collecting."

"That price will be hard to beat, and likely won't be exceeded unless the British Guiana comes up for sale again in the future," Redden said.

It is not the first time that the British Guiana One-Cent Magenta has broken the record for the price paid for a single postage stamp - in its long history it has broken the auction record four times.

It was most recently owned by John E. du Pont, an heir to the du Pont chemical fortune who was convicted of fatally shooting a 1984 Olympic champion wrestler. Du Pont bought the stamp for $935,000 in 1980 - a record auction sale price for any stamp then. The British Guiana has not been publicly exhibited since 1986.

The stamp, printed on magenta paper, bears a three-masted ship and the colony's motto, "We give and expect in return".

It was issued by printers in British Guiana in 1856 and brought into circulation as a temporary replacement after a shipment of stamps from London was delayed.

Share on FacebookShare on Twitter Comment
Source: HuffPost Live Highlights - on June 19, 2014

News video: Rare Stamp Sells For $9.5M

Rare Stamp Sells For $9.5M 01:20

A stamp has sold at auction for over $9 million.

Recent related news

Open news article

‘Early morning’ artwork sells for $4.3M

Now here’s some artwork On The Money can relate to. British artist Tracey Emin sold her installation “My Bed,” for $4.3 million, a record for her work. The...
NY Post 2 days ago - Business

Open news article

Hamptons Estate Sells in Two Deals Totaling More Than $80 Million

Wooldon Manor is sold again after it was bought last year for a then-record $75 million.
Wall Street Journal 6 days ago - PropertyAlso reported by •bizjournals

You Might Like

Other recent news in World

ISRAEL-Gaza conflict: ISRAELi soldier 'missing' as Hamas claim to hold captiveIsrael-Gaza conflict: Tanks shell Gaza's Al Aqsa hospital killing four and wounding 30 medical staff, as seven more ISRAELI soldiers die
US, European airlines suspend flights to TEL AVIV over Israel-Gaza conflictPOLICE : Israeli hits dozens of targets in Gaza, among them mosques, fishing boats and farms
PALESTINIANS seek U.N. inquiry into Israel assault on GazaEGYPT: Cease-fire negotiations between Israel, Hamas could give rise to new peace talks
Israeli Ambassador Ron Dermer: Gaza Human Rights Report A 'Kangaroo COURT'Pro-Russian rebels hand over MH17 black boxes to MALAYSIAN investigators
MH17: Malaysian protesters rally for crash victims at RUSSIAN EmbassySuicide Bomber Kills Guards at Police Compound Near KABUL Airport



Jose V.  Rare 1-cent stamp sells for record $9.5 million 1 day ago


Steven  Rare 1-cent stamp sells for record $9.5 million 1 day ago


Carrie Neville Rare 1-cent stamp sells for record $9.5 million 1 day ago


collect.it Rare 1-cent stamp sells for record $9.5 million - http://t.co/ko5KnWEyA1 2 days ago


Claudia C.  Rare 1-cent stamp sells for record $9.5 million 2 days ago


Skip Dreibelbis Rare 1-cent stamp sells for record $9.5 million Learn more at:... http://t.co/xbKYZdI404 4 days ago


Load Comments

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2014 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
One News Page - Top Headlines RSS Feed RSS  |  News for my Website  |  Free news search widget  |  Advertise  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |  One News Page on Facebook LIKE us on Facebook  One News Page on Twitter FOLLOW us on Twitter  One News Page on Google+ FIND us on Google+