World’s most expensive stamp has new owner

The world’s most expensive stamp was up for auction this weekend in the Swiss city of Geneva. The Geneva auction house did not know how much the price will be, but it remains the most expensive in the world. The last time the stamps was sold (in 1996), it fetched for a record-breaking price of 3.6 million euro.

The Swedish “Treskilling Yellow” is one of world’s rarest stamps and is believed to be the only surviving misprint of an 1855 three shilling stamp that was supposed to be green. It has fabled status among collectors and is considered one of the world’s most valuable objects pound for pound.

“I’m hoping it will be a new record,” auctioneer David Feldman said Friday. He oversaw its last official sale in 1996 for 2.875 million Swiss francs (then about US$2.3 million).

Saturday’s auction will involve several undisclosed telephone bidders whose credentials have been checked. All who take part have been sworn to secrecy, but the buyer will have the right to decide whether his name and the purchase price can be revealed after the sale, said Feldman.

The Treskilling Yellow is “one of about a half dozen highly notorious stamps in the world,” according to noted U.S. stamp expert Robert Odenweller.

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