Friday, December 28, 2007

Rare 'Jenny' Stamp Sells for $825,000

One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price another "Inverted Jenny" copy fetched at auction last month.

The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified.

Heritage Auction Galleries president Greg Rohan, who brokered the sale, said the buyer is the same collector who lost an auction last month in which another "Inverted Jenny" sold for $977,500. Rohan said his client, whom he described as not being a rare stamp collector, was glad to get another chance at the prized misprint. . . .

Full story at: Link

Monday, December 3, 2007

Elvis lives! (On Burkina Faso postage stamps)

University of Michigan economist Joel Slemrod knows how to come up with the kind of headline that catches How the World Works' eye: "Why Is Elvis on Burkina Faso Postage Stamps? Cross-National Evidence on the Commercialization of State Sovereignty." His lead paragraph offers up a delicious slice of cultural/economic globalized miscegenation.

One stamp dealer's advertisement listed for sale stamps picturing Elvis Presley issued by Burkina Faso, Chad stamps depicting Marilyn Monroe, Chechnya stamps picturing Groucho Marx, Grenada Grenadines stamps showing Bob (Elliot) and Ray (Goulding), Mongolia stamps with the Three Stooges and the X-Men, and Montserrat stamps with Jerry Garcia. Most of these stamps never reach the issuing country's shores, and are designed, produced, and marketed by a foreign agency to stamp collectors around the world.

Mongolia stamps featuring the X-Men? What would Genghis Khan do?

How can you not love . . .

Full story at: Link

Vancouver 2010 Olympics Overprint

When the 2010 Winter Olympics were announced in the Spring of 2003, Canada Post must have been caught napping.

Their response was to produce an overprint on a current stamp showing the Canada Post office building in Ottawa. . . .

Full story at: Link