Stamp of Ap­proval

Malaysia Tatler Society - - DIARY -

Once a child­hood hobby, stamp col­lect­ing is a se­ri­ous in­vest­ment op­tion and the fo­cus of a le­gion of wealthy phi­lat­e­lists. Pos­si­bly the most ex­pen­sive bit of pa­per in the world right now is the 1856 Bri­tish Guiana One- Cent Ma­genta stamp, which broke the world record for the price paid for a stamp at auc­tion when it sold for US$9.5 mil­lion at Sotheby’s New York in June. That’s a big jump on the pre­vi­ous record, a paltry US$2.3 mil­lion paid in 1996 for a Swedish stamp called the Treskilling Yel­low. The Ma­genta, bought by an anony­mous tele­phone bid­der, orig­i­nally cost one cent. Talk about cap­i­tal ap­pre­ci­a­tion!

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