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

Georgia O’Keeffe: $44.4 Million ‘Flower’ Resets Auction Record for Female Artist

Georgia O’Keeffe painting sells for record $44.4 million, The “Jimson Weed” painting was expected to bring in $10 to $15 million but sold for more than $44...
Sports News Magazine 2 days ago - SportsAlso reported by •newKerala.comZee NewsPRWeb
Open news article

Blue diamond sells for record $32 million at auction

Blue diamond sells for record $32 million at auction
Bunny Mellon's Blue Diamond sells for more than $32.6 million at an auction in New York. In doing so, it smashes a world record.
Digital Journal 2 days ago - WorldAlso reported by •The AgenewKerala.comZee NewsWTOPMyNorthwest.com
Open news article

Georgia O'Keeffe Painting Breaks Record, Sells for $44.4 Million

"Jimson Weed/White Flower No. 1" sold for more than triple the previous auction record for a work by a female artist
People Magazine 3 days ago - CelebritiesAlso reported by •newKerala.comZee NewsPRWebWTOPMyNorthwest.com
Open news article

Frankel foal sale breaks Irish record

A filly foal of racing legend Frankel sells for for an Irish record of 1.8 million euros (about £1.45m).
BBC Sport 4 days ago - Sports

You Might Like

Other recent news in World

Vancouver POLICE shoot and kill man armed with wooden 2 by 4Senior court official says CHINA to continue death penalty reform
One Direction, Taylor Swift shine at AMERICAN MUSIC AWARDSCLEVELAND police face inquiry after 12-year-old boy fatally shot
American Music Awards 2014 best bits: ONE DIRECTION scoop top awardSUICIDE blast: Death toll rises up to 50
WOMAN who claims she had an affair with multimillionaire hedge fund owner confronts his wife on Twitter with a handwritten note 'from him'We have lift off! Russian rocket launches to deliver three new crew members to INTERNATIONAL SPACE STATION - 260 miles above Earth
Cop charged with manslaughter in teen protester's DEATHBritish banker Rurik Jutting arrives at Hong Kong court facing MURDER charges – video



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+