Kuwait Air Mail To Bombay 1948 Olympics Cover Overprint

Hi Guys,
Just shuffling through my recent collection of covers and found this interesting item. I will be putting on ebay shortly as it's not really of interest to me but I noticed there were not too many posts regarding Kuwait - Also nice it was heading to Bombay. Anyway just wanted to share as I thought this was rather a nice cover. I could only find one other that had sold on ebay and that was for around $70.00 Seems pretty steep for this or am I missing something?
Thanks
Jeff

I don't think it's that steep.In the link below a letter sent too the same address...(ok; it's not the first day of issue)
http://olympic-museum.de/stamps/stamps1948.php