Question Details
wikipedia.org
For how much will the Holy Grail of stamps, British Guiana 1c Magenta, be auctioned?
kruijs in
General
» Other
Settled on 06/19/2014 15:27 Settled by
kruijsThe 1856 British Guiana One-Cent Magenta sold Tuesday at auction in New York for $9.5 million, Sotheby's said. It was the fourth time the stamp has broken the auction record for a single stamp in its long history.
The stamp was expected to bring between $10 million and $20 million. Sotheby's said the buyer wished to remain anonymous. The price included the buyer's premium.
http://www.cbsnews.com/news/rare-1-cent-stamp-sells-for-9-5-million/
Predictions
Background
After being discovered in a stack of papers in 1873 and sold on for just six shillings, the British Guiana 1c Magenta stamp is expected to fetch up to $20 million at auction.
Frequently described as ‘the most valuable stamp in the world’, the small, octagonal-shaped stamp will be sold in a one-lot auction in New York on 17 June.
It is the only surviving example of the ‘emergency’ stamps range launched by the British Guiana postmaster in 1856, and is so rare it has been previously dubbed 'the Holy Grail of stamps.'
In March, the Expert Committee at the Royal Philatelic Society London gave the stamp a pre-sale estimate of between $10 million and $20 million.
After close examination by six experts, including spectrometer analysis, the Committee certified the stamp as genuine.
http://www.dailymail.co.uk/sciencetech/article-2620558/Holy-Grail-stamps-fetch-20-MILLION-auction-despite-costing-just-one-CENT-issued-1856.html
Comments
Get Widget!What's This!?
-
This is a user submitted question. Players make predictions on what they expect to be the actual outcome.
-
Register for free and get 1,000 KtN$
in virtual cash to start predicting! -
Limited offer: Sign up today and recieve double cash!
Advertisement
Comment on this question: