Rare Chinese Stamp Sells For $890,000


One of China’s rarest stamps sold for HK$6.9 million ($890,000) at auction in  Hong Kong, the auctioneers said Wednesday. With just 32 recorded copies, the Qing Dynasty “1897 Red Revenue Small One  Dollar” stamp is “China’s rarest regularly-issued stamp”, Interasia Auctions  said.

The bright red stamp, symbolising luck and good fortune in Chinese culture,  is rare because the characters “Qing Dynasty postal service, one dollar” were  considered too small, prompting the printing of a second version.

The stamp was part of a three-day auction of Chinese, Hong Kong and Asian  stamps which ended Monday bringing in a total of HK$71.9 million, Interasia  said.

“Philately has a special place in Chinese culture, with rare stamps regarded  as important cultural icons and treasures, just like art,” auction house  director Jeffrey Schneider said in the statement.

A pair of rare stamps bearing an accidentally inverted picture of Chinese  nationalist leader Sun  Yat-sen sold for more than $700,000 in Hong Kong last October.


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