Edition: Global Global Select Region
Email: Passwd: or sign up free
One News Page
One News Page > World >
Breaking News: Costa charged with violent conduct
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.

8
shares
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

Apple Sets New Record, Sells 74.5 Million iPhones Over The Holidays

Apple Sets New Record, Sells 74.5 Million iPhones Over The Holidays
Electronics giant Apple today reported earnings for its latest quarter, announcing that it sold a record 74.5 million iPhones during the period, helping the...
GameSpot 20 hours ago - EntertainmentAlso reported by •Wall Street JournalDailyTechmsnbc.comSoftpedia
Open news article

Landmark Portland office tower sells for $88M

The office portion of the shapely KOIN Center, a 35-story tower in downtown Portland, has sold to a well-known name in Portland's real estate investment scene....
bizjournals 5 days ago - Business

Open news article

Toyota sells 10.23mn vehicles in 2014, still world's top automaker

Toyota sells 10.23mn vehicles in 2014, still world's top automaker
Tokyo (AFP) Jan 21, 2015 Toyota kept its title as the world's biggest automaker on Wednesday as it announced record sales of 10.23 million vehicles last year,...
Energy Daily 6 days ago - Science

Open news article

American Sniper Shoots To Top Of Winter Box Office Record Breakers List [Infographic]

Clint Eastwood's Iraq war drama, American Sniper, earned an astonishing $90 million on its opening weekend, making it the most successful winter movie release in...
Forbes.com 1 week ago - Front Page

Open news article

As the 1% threatens to eclipse the 99%, an apartment in New York sells for a record-breaking $100 million

The Manhattan record for the most expensive condo has been broken and by some margin, with a One57 penthouse overlooking Central Park closing for $100.5 million.
Independent 1 week ago - World


You Might Like


Other recent news in World

Israel threatens Hezbollah with full-scale conflict as cross-border shelling leaves UN peacekeeper and two ISRAELI soldiers deadHezbollah, ISRAEL on edge as border fighting erupts
Syrian lawmaker defends HEZBOLLAH attack on Israeli convoyJORDAN ready to swap failed suicide-bomber for pilot held by Islamic State
Search for AIRASIA crash victims could end in daysMEXICO Declares 43 Missing Students Dead
APPLE report largest quarterly profit ever; 74.5m iPhone salesIndonesia Agency to Continue AIRASIA CRASH Search
Novak Djokovic to face Wawrinka in AUSTRALIAN OPEN semis76 militants killed in airstrikes in north west PAKISTAN

Twitter


Comments

•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2015 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+