Saturday, February 26, 2011

Inverted Surcharge Postage Stamps Expected to Set World Record at Auction

Hong Kong will hold its largest stamp auction at the Park Lane Hotel from Saturday to Monday, with 3,000 lots and a presale estimate of over $6.45 million, according to the organizer.

The auction will include both rare Classic China stamps from the Qing Dynasty (1644-1911) and 600 lots issued at the beginning of the People's Republic of China.

A three-strip of the $5 inverted surcharge from the 1897 Red Revenue series, which is valued at $619,000-710,000, is expected to set a world record to become the most expensive Classic Chinese stamp multiple ever sold at auction.

Another highlight is the unique . . .

Full story at: Global Times


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