A collection of historic, early South American postage stamps from the 1800's, valued at $5 million or more, will be offered in a public auction in New York City on June 5 and 6, 2008.
(New York, New York) -- The world's most valuable private collection of South American postage stamps, assembled over four decades by a retired college professor who now lives on an island, will be offered in a public auction in New York City and online on June 5 and 6, 2008. One 1840's item from Brazil is expected to sell for more than $1 million.
"The collection contains more than 300 rare stamps and is conservatively estimated at $5 million. These include the rarest and most outstanding classic stamps of the 1840's and 1850's from Argentina, Brazil, Chile, Colombia and Peru," said Scott R. Trepel, President of Robert A. Siegel Auction Galleries, Inc. of New York City (www.SiegelAuctions.com), the firm conducting the sale.
"These historic stamps have been publicly displayed at international exhibitions over the decades, and the rarest item in the collection was prominently featured in a 1954 Life magazine article, 'World's Rarest Stamps.' But this is the first time all of them have been gathered in one collection at one time."
Highlights of the auction include . . .
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