Postage stamp sells for $8,307,000

[Mackaydon]

While the buyer paid over $8.3M for the stamp, the seller LOST (!!) $1.2M

https://www.npr.org/2021/06/08/1002...alls-well-short-of-anticipated-auction-bounty

I'll guess the lower than expected price is a reflection of the (regrettable) diminishing interest in the hobby.

Don....

 

[villagenut]

Dang.....forgot to put a reserve amount on the auction

Very cool story though......

 

[jeff of pa]

More

[h=1]Two of the Rarest Stamps in Existence Come to Market[/h]

•Jun 4, 2021

 

[Truth]

Yeah I read that the other day and the funny part about it is he took a loss

 

[jeff of pa]

yep stamps aren't precious metal

 

[Mackaydon]

Jeff,
Thanks for the vid.
Don.....

 

[eyemustdigtreasure]

I really appreciate this post with the very informative video...as I WAS a stamp collector as a youth, but stuck with Coin Collecting as I got older....!

 

[Catweazle]

Well y'all can have a pretend piece of it too now: https://showpiece.com/1c-magenta

Philatelic company Stanley Gibbons bought it, and are offering fractionalised ownership at about £100 a piece. But that's all virtual, theoretical and a bit abstract because God only knows what you're supposed to do with that concept. You don't get anything in return. I guess Stanley Gibbons see it as an 'investment opportunity' - but really, this one stamp seems to be a status symbol these days, if anything.

Still, it makes for a funny story!