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Chinese Stamps Sell for Record $709,000 at Hong Kong Auction

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Record Chinese Stamps
A pair of 1941 Dr. Sun Yat-sen stamps from China sold for HK$5.5 million ($709,000) in Hong Kong, setting a world auction record, Zurich Asia auction house said today. The stamps have the value misprinted and are therefore rare. Source: Zurich Asia via Bloomberg.

Oct. 13 (Bloomberg) -- A pair of 1941 Sun Yat-sen stamps from China sold for HK$5.5 million ($709,000) in Hong Kong, setting a world auction record, Zurich Asia auction house said today.

The pair of vertically attached stamps of the Chinese revolutionary figure is particularly rare because of an error in which some of the stamp is printed upside down, including the $2 sign, Zurich Asia said in a press release.

The previous highest price for a Republic of China stamp was set in March when an inverted Sun Yat Sen stamp sold for HK$2.4 million, the auction house said.

(Frederik Balfour is a reporter-at-large for Muse, the arts and leisure section of Bloomberg News. Opinions expressed are his own.)

Muse highlights include New York Weekend, Lewis Lapham on history and Richard Vines on food.

To contact the writer on the story: Frederik Balfour in Hong Kong at fbalfour@bloomberg.net or on Twitter @frederikbalfour.

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net

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