One-of-a-kind stamp sells for record $12m
A BRITISH Guiana One-Cent Magenta postage stamp from 1856, the only one of its kind to still exist, sold for a record US$9.5 million (S$12 million) at Sotheby's on Tuesday.
The hefty price, which includes the buyer's premium, makes the 2.5cm by 3.2cm stamp, printed in black on magenta paper, the most expensive one ever sold at auction, and the most valuable object by weight and size, according to the auction house.
An anonymous telephone bidder purchased the stamp.
The stamp was sold by the estate of multimillionaire John du Pont, an heir to the du Pont chemical fortune who died in prison in 2010 at the age of 72.