1882 Postage Stamp Sells For Record GBP 15,000 at Bonhams
Date: 22 Dec 2006 | | Views: 5503
LONDON, ENGLAND - A large orange stamp that cost Ј5 in 1882 used for posting heavy parcels to the furthest reaches of the British Empire set a new world record price for such a stamp at Bonhams in Knightsbridge on December 19 when it sold for Ј15,270.
This stamp, lot 326, was massively expensive in its day, being worth Ј1,000 in today’s money. It was often found on sets of accounting books that were posted around Britain or abroad. The stamp was expected to make a price of Ј7,000 or more at Bonhams latest Great Britain Stamp Sale. The previous world record price for this stamp stood at Ј7,500 until the Bonhams sale doubled that figure.
In all there were some 550 lots of postal history in this pre-Christmas sale, including the 1882 Ј5 Orange. Stamps like this, in mint condition, are very rare and this one is certainly in mint condition. Not many of these stamps bearing the profile of Queen Victoria were printed, in all a total of just 246,826 stamps of this value were made.
Graham Childs, Director of the Stamp Department at Bonhams, said of the record stamp: “This mint condition stamp is a superb example of the 1882 Ј5 Orange. It has made history after its 139-year lifespan, having gone beyond the Ј7,500 mark. You might say that it had stamped its mark on history.”
He adds: “Stamps are enjoying a very buoyant market, particularly so for British stamps. Year on year prices continue to rise.
Other sale highlights included:
Lot 122, a collection of railway stamps estimated to sell for Ј800-1000 made Ј7,200, and Lot 178, a mint penny black estimated at Ј5000-5500, made Ј9,500.