"Superstar" Stamp Up For Auction
This is a stamp, just a stamp, nothing more - and please tell me if you can see why anybody would care one thing about it. You can't read anything on it. The only thing even half-way legible is somebody's scribbled signature on it, and apparently nobody knows who's signature it is.OK. Here's the deal. This is a 1-cent postage stamp from British Guiana in 1856. It used to hold the auction sales record for a single stamp back in 1980 when the last owner, John E. du Pont, an heir to the du Pont chemical fortune, bought it for $935,000. It's now being sold by his estate and experts say it's poised to become the world's most valuable stamp again.
"You're not going to find anything rarer than this," said Allen Kane, director of the Smithsonian National Postal Museum. "It's a stamp the world of collectors has been dying to see for a long time." Measuring 1 inch-by-1 1/4 inches, the feather-light One-Cent Magenta hasn't been on public view since 1986. It is the only major stamp absent from the British Royal Family's private Royal Philatelic Collection.
"This is the superstar of the stamp world," said David Redden, Sotheby's worldwide chairman of books and manuscripts, adding that the stamp will travel to London and Hong Kong before being sold. Printed in black on magenta paper, it bears the image of a three-masted ship and the colony's motto, in Latin, "we give and expect in return." The stamp went into circulation after a shipment of stamps was delayed from London and the postmaster asked printers for the Royal Gazette newspaper in Georgetown in British Guiana ─ the present day Guyana ─ to produce three stamps until the shipment arrived: A 1-cent magenta, a 4-cent magenta and a 4-cent blue. To safeguard against forgery, the postmaster ordered that the stamps be initialed by a post office employee.
Are you ready? Sotheby's predicts the stamp will sell for between $10 million and $20 million when it's offered in New York on June 17. Get out your checkbook!





