Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

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.

8
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: HuffPost Live Highlights -

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

Despite Rising Market, "Smart Money" Sells For Record 17th Consecutive Week

Despite Rising Market, Smart Money Sells For Record 17th Consecutive Week
Another week, and another quiet exodus by the "smart money" clients of Bank of America (hedge funds, institutionals and private money), who collective sold $218...
Zero Hedge - MarketsAlso reported by •CNN.comBangkok PostDNAVOA NewsThe AgeIndiaTimes

Kukio Resort land on Hawaii’s Big Island sells for record $20M

A vacant parcel of land measuring a little more than 3 acres within the Kukio Golf and Beach Club resort community on the Big Island has been sold for $20...
bizjournals - BusinessAlso reported by •dbTechnoEpoch TimesCNN.comBangkok PostNews24DNAVOA NewsIndiaTimes

You Might Like


Other recent news in World

DONALD TRUMP has enough Republican delegates to clinch GOP nominationNorth Korea criticizes Obama's HIROSHIMA visit
KOREAN Air Jet Evacuated In Engine Fire DramaBAYLOR regents to fire football coach Art Briles, replace President Ken Starr amid sex assault scandal linked to team
G7 Leaders: BREXIT A 'Serious Risk' To GrowthEGYPTAIR flight MS804 search team detects signals from the wreckage
ART BRILES built Baylor brash, bold, leaves tarnished legacyGroup escapes KENTUCKY cave through neck-deep water
BBC's got it gender mix for Rio OLYMPICS wrong claims Clare BaldingMeet the kids and get the backstory of the Scripps National SPELLING BEE.

Twitter

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2016 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+