Bill Gross Sets Record With $10 Million New York Stamp Sale
- Center-inverted block of four from 1869 tops sale at $737,500
- Bond billionaire auctioning treasured collection for charity
Stamps from bond billionaire Bill Gross’s collection sold for $10 million in New York on Wednesday evening, a record for a single-day auction dedicated to philately.
The group was offered by Robert A. Siegel Auction Galleries Inc., the first in a series of charitable sales of Gross’s stamps over the next two to three years. All but three of the 106 lots sold. The top item was a center-inverted block of four stamps from 1869 that fetched $737,500. Prices include an 18 percent buyer’s premium.