China Stamp Prices go Nuts!

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China Stamp Prices go Nuts!

http://www.glenstephens.com/snapril11.html

The price rises in Chinese stamps continues to march onwards, totally un-abated.  Chinese collectors are madly chasing material from their past, and are MOST especially interested in material from the 1960’s Mao Tse Tung “Cultural Revolution” era. There are now a number of stamp auction houses in Hong Kong, and price records keep getting broken. Prices that looked insane to me just 12 months ago, are sometimes now double that.  And will doubtless be higher still in the near future tinyurl.com/ChStamp is an “on the spot” running report from stampboards members who are based in Hong Kong, and attend these sales, and offer detailed summaries.

Creased with faults – sold for $US96,000

 

One member “aethelwulf” mentioned a used copy of this well known stamp, that was sold late February at “InterAsia”. The stamp was described as having creasing and minor faults. The invoice price was $HK747,500 or$US95,976.13.  That stamp is illustrated nearby.