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Japan Stamp Sells For World Record Price Of 5.4 Million Euros

 
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Author Previous TopicReplies: 7 / Views: 738Next Topic  
Valued Member
United Kingdom
197 Posts
Posted 06/04/2023   06:01 am  Show Profile Check Triangle's eBay Listings Bookmark this topic Add Triangle to your friends list Get a Link to this Message
On Saturday, June 3, David Feldman International Auctioneers had the great honour to offer one of most important Japanese stamp collections including the most valuable stamp of Asia: the 500 mon Inverted Center.

An Asian gentleman, bidding via phone, was delighted to become the buyer. The underbidder, an esteemed European collector, was very disappointed to be outbid. He said, "I had prepared my bid as high as 4 million Euros and even made a few more steps, but now I must congratulate the new owner!".

In 1871, the first series of Japanese stamps comprised stamps featuring a dragon framing the denomination in "mon" currency which was inserted in the center. One sheet of the highest value, the 500 mon, had the center value inverted, and only one stamp with this error has ever been discovered, and that was over 100 years later in 1973 by an American collector. The stamp was immediately acknowledged as the most important one in Japanese philately, and from that moment onwards it rose in fame and value through private sales, from a mere $75,000 at that time to millions over the last 50 years. It was the first time that this stamp was auctioned since it was first sold in 1973.

The auction took place both in Geneva and Tokyo, in collaboration with the Tokyo stamp auction company Stampedia, while also offering online. The stampwas sold by David Feldman International Auctioneers
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Valued Member
United Kingdom
173 Posts
Posted 06/04/2023   06:19 am  Show Profile Bookmark this reply Add peterh to your friends list  Get a Link to this Reply
Here is an image of the stamp
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Valued Member
United States
116 Posts
Posted 06/04/2023   08:59 am  Show Profile Check Uknjay's eBay Listings Bookmark this reply Add Uknjay to your friends list  Get a Link to this Reply
WOW, sales like this is what the mass media pickups on. In doing so it advertise the hobby. That in its self may bring new hobbyist. I for one say more the marryer.
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Pillar Of The Community
United States
1210 Posts
Posted 06/04/2023   09:30 am  Show Profile Bookmark this reply Add classic_paper to your friends list  Get a Link to this Reply

Quote:
I for one say more the marryer.

I'm also looking forward to the wedding.
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Pillar Of The Community
724 Posts
Posted 06/04/2023   11:30 am  Show Profile Bookmark this reply Add patg23 to your friends list  Get a Link to this Reply
I'll have to check my Japan dups, may have seen one in there.
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Edited by patg23 - 06/04/2023 11:31 am
Pillar Of The Community
United States
951 Posts
Posted 06/05/2023   3:56 pm  Show Profile Check docgfd's eBay Listings Bookmark this reply Add docgfd to your friends list  Get a Link to this Reply
This stamp and its (at the time) pending auction was mentioned in an article on Japanese Philately in the recent issue of the APS' The American Philatelist. The entire article itself was an informative read on early Japanese issues.
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United States
6800 Posts
Posted 06/17/2023   8:44 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
5.4 MILLION EUROS ---- and all I got is a forgery of the regular stamp .
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Pillar Of The Community
United Kingdom
7454 Posts
Posted 06/18/2023   02:58 am  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Yours is prettier. That's a very ugly stamp for 5.4m!
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