The unique British Guiana 1¢ black-on-magenta of 1856, billed as the “pinnacle of philately” and dreamed of by kings, industrialists and schoolchildren alike, is on public display at Sotheby’s New York City headquarters ahead of its June 17 single-lot offering.
The stamp, whose full story is told in an exhaustively researched and illustrated sale catalog, is on view in a special magenta-painted room that David Redden, Sotheby’s chairman, called a “chapel for the stamp.”
It travels to London for public viewing from June 1-4 before returning to an even larger gallery in New York in advance of the sale.
In April, Redden took the 1¢ Magenta to Washington, D.C., where Thomas Lera, the research chair of the National Postal Museum, spent several hours examining and photographing the stamp in the museum’s philatelic forensics lab.
Among the equipment Lera used was a VSC-6000 video spectral comparator, which looks at different wavelengths of light reflected from a subject, and a Leica high-power microscope, which at 400-power magnification can reveal individual paper fibers.
All the equipment in the museum’s lab is nondestructive. The stamp did not come into contact with water or watermark fluid.
The purpose of the Smithsonian’s examination was “to record the stamp for posterity,” Lera said, as well as to provide the most detailed documentation yet, including many infrared images of the stamp and its markings.
The museum does not offer expertization or opinions about genuineness, but its lab is available to all philatelists for research purposes.
Several of Lera’s infrared images of the owners’ marks on the back of the 1¢ Magenta appear in the Sotheby’s catalog.
As a result, Redden said, it now seems likely that a mysterious 17-pointed star found there came from Ann Hind Scala, the widow of textile magnate Arthur Hind, who outbid Britain’s King George V to own the stamp in the 1920s and 1930s.
After Hind died, she contested his will and won ownership of the stamp. Thanks to the Smithsonian’s analysis, the ornate star can be seen to cover up Hind’s distinctive cloverleaf-AH marking.
Lera and Redden both said that the Smithsonian’s examination did not reveal any surprises that might have cast doubt on the certificate of authenticity recently issued for the stamp by the Royal Philatelic Society London.
“But we weren’t looking for any,” said Lera.
The unique stamp, listed in the Scott Standard Postage Stamp Catalogue as British Guiana Scott 13 and in the Stanley Gibbons stamp catalogs as number 23, is not priced in either reference.
It has changed hands only a few times since its discovery in 1873 by a 12-year-old schoolboy who sold it to another collector for 6 shillings.
The stamp soon found its way into the collection of the legendary Count Philipp von Ferrary, who owned it for some 40 years.
Then it passed through Hind and eventually to an Australian engineer, Fred Small, before an investors’ consortium represented by Irwin Weinberg bought it in 1970 and exhibited it all over the world.
The stamp last sold at a Robert A. Siegel auction in 1980 for $935,000, including a 10 percent buyer’s premium.
The buyer then was the wealthy chemical heir John E. du Pont, who died in prison in 2010.
His estate is selling the 1¢ Magenta.
Sotheby’s has placed an estimate of $10 million to $20 million on the stamp. Bidding will be on the floor and by phone, but not via the Internet.
Bidders need only register, and no further pre-approval is required. Redden, who will be calling the sale, confirmed that there is a confidential reserve price that is below the low estimate.
blogOn June 28, 1914, by assassinating Archduke Franz Ferdinand of Austria, Yugoslav nationalist Gavrilo Princip with the squeeze of a trigger sparked would become to be known as “The Great War” and “The War to End All Wars.” Read More ›
blogEleanor Roosevelt said, “Great minds share ideas …,” and Linn’s is fortunate to have thoughtful leaders of the stamp hobby on its Editorial Advisory Board. Board members participated in a lively discussion of “The State of the Stamp Hobby” Aug. 21 at the American Philatelic Society Stampshow in Grand Rapids, Mich. Read More ›
August 19, 2015 01:58 PMIn an unusual development for our hobby, the Office of Inspector General of the United States Postal Service is blogging about stamp collecting. Read More ›
August 17, 2015 12:19 AMFrom 1967 to 2006, Royal Mail (Great Britain’s post office) advertised all new issues with posters displayed in post offices. Most of these posters had pictures of the stamps along with basic information such as the date of issue, instructions for first-day covers, etc. Some were a little more elaborate. Read More ›
Watch as Scott catalog senior editor Marty Marty Frankevicz discusses the controversy in Canada over increasing postage rates, the elimination of home mail delivery and the erecting of cluster boxes.
Watch as Linn’s associate editor Michael Baadke discusses happenings at the recent APS Stampshow from the show floor.
Watch as Linn's/Scott editorial director Donna Houseman discusses the early release of the new U.S. Elvis stamp, the possibility of a Peanuts stamp and Linn's at the upcoming APS Stampshow.
Watch as Linn’s Stamp News managing editor Chad Snee discusses highlights of Robert A. Siegel Auction Rarities Week sales in late June, and reports that the 49¢ price for a first-class United States stamp will remain in effect until April.
It is always a treat to get to see stamp dealers’ own collections.
In the recently concluded Linn’s United States Stamp Popularity Poll, the Circus Posters set of eight stamps was chosen as the overall favorite issue of 2014.
Dispersal of the splendid Daniel B. Curtis collection continued March 25, with Robert A. Siegel Auction Galleries gaveling items from United States back-of-the-book and possessions.
The 175th anniversary of the first postage stamp, Great Britain's Penny Black, is May 6, but the stamp was placed on sale May 1, 1840, for mailers to use beginning on May 6, the designated issue date.