Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > World >
Open news article

Rare stamp sells for record $9.5 million

One News Page Staff

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

Ritchie Bros. sells CA$109+ million of equipment in Edmonton, AB October auction

Three-day unreserved auction sets new Company record for most items sold at an auction in Canada EDMONTON, Oct. 31, 2014 /PRNewswire/ - Ritchie Bros....
PR Newswire 1 hour ago - Press Releases

Open news article

Pacific Ethanol posts strong earnings, record sales

Pacific Ethanol Inc. on Wednesday reported record ethanol sales and strong earnings for the third quarter -- a marked improvement over losses posted last year....
bizjournals 2 days ago - Business

Open news article

A new record: PNC Place sells for $1,075 a square foot

The $1,000 barrier has been broken: For the first time in history, a D.C. office building has sold for more than a grand a square foot. TIAA-CREF and Norges Bank...
bizjournals 4 days ago - Business

Open news article

101-Carat Diamond Sells For Nearly $5 Million At Christie's

After record-breaking auction prices in recent years for fancy colored diamonds it appears that colorless diamonds are now nudging their way back into the...
Forbes.com 1 week ago - Front Page

Open news article

Think your iPhone is expensive? Rare working example of Apple's first computer sells for record breaking $905,000

Think your iPhone is expensive? Rare working example of Apple's first computer sells for record breaking $905,000
One of the few remaining examples of Apple's first pre-assembled computer, the Apple-1, has been sold for $905,000 at an auction in New York, far outstripping...
MailOnline 1 week ago - Front Page

You Might Like

Other recent news in World

Sinosphere Blog: Beijing Police Clamp Down on HALLOWEEN Costumes in the SubwayHeavy security as ISRAEL reopens Jerusalem site
Government Falls as BURKINA FASO Parliament TorchedJerusalem on edge after POLICE kill Palestinian gunman
Russia agrees to resume gas supplies to UKRAINEObama calls for inclusive vote process in MYANMAR
Ukraine, MOSCOW clinch deal on Russian gas supplyCHINA pledges financial aid to Afghanistan
After Fukushima, JAPAN gets green boom - and glut'Stay in Australia ... behead people': Islamic State 'plot' prompted US SECURITY fears



The Collectors Shop Rare Stamps: British Guiana stamp (found by a schoolboy) sells for US $9.5 million http://t.co/7QIxm2lp1J 5 days ago


The Collectors Shop Rare Stamps: British Guiana stamp (found by a schoolboy) sells for US $9.5 million... http://t.co/4vxiFq328P 6 days ago


•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+