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A philatelic auction, or stamp auction, is a sale of stamps, covers and other philatelic material usually run by stamp dealers or specialist collectibles auctioneers, such as David Feldman, Christie's and Sotheby's, where prospective purchasers place bids in an attempt to obtain the desired items.
Gross has already sold $50 million in stamps in recent years, including a collection of U.K. postage that set a record too, the report said. Meanwhile, he is still opining on financial markets in ...
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The auction closed at $935,000, setting a record price paid for a US stamp at the time. [ 10 ] [ 15 ] Valued at $3 million, the stamp is the finest 1¢ Z Grill known and the only one available to collectors (the other is locked away in the New York Public Library's Miller Collection).
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There are a number of places where a prospective investor can buy stamps: The internet, Auctions, Stamp dealers, A few specialised stamp investment firms, From a collector in a private sale. Stamps purchased for investment are usually old classic stamps in fine condition, such as British Victorian stamps or American stamps from before 1900.