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| The record price for a stamp sold an auction is USD 9.5 million (7.4 million pounds). |
A set of four rare stamps featuring the portrait of Mahatma Gandhi has
been sold for record 500,000 pounds at an auction in the UK which its
seller said is the highest price ever paid for Indian stamps. Only 13 of
the 1948 Gandhi 10-rupee Purple Brown and Lake ‘Service’ stamps are in
circulation. The block of four was sold to a private Australian
collector for the highest ever price for Indian stamps, said UK-based
dealer Stanley Gibbons. The Indian stamps were particularly rare owing
to the fact they were in a set of four.
From the issued sheet, supplied to the
Governor-General’s Secretariat, only thirteen single examples are
authoritatively recorded, including this strip of four and a block of
four in the Royal Philatelic Collection, owned by Queen Elizabeth II, which is believed to be the world’s largest and most valuable private stamp collection, Gibbons said in a statement.
“The recent sale follows that of another
Indian philatelic rarity, the famous ‘Four Annas’, which sold in March
this year for almost 110,000 pounds,” the statement said.
However, the record price for a stamp sold an auction is USD 9.5 million (7.4 million pounds).
“The market for high-quality Indian
rarities has been strong for several years and is supported by the
ongoing desire of the wealthy Indian diaspora and savvy international
clients to own these historic assets,” Keith Heddle, managing director
of investments at Stanley Gibbons, was quoted as saying by BBC.
Source: Indian Express
