Stanley Gibbons Sell Plate 77 Penny Red for £550,000
Just two months after acquiring the rare example of the legendary "plate 77 Penny Red", which was described as "the finest used example in existence inside or outside a museum" by Stanley Gibbons Director of Great Britain Philately, the company has announced its sale to a private client in Australasia for £550,000.
The original acquisition of the stamp attracted much media attention; being featured on the BBC website as well as gaining a slot on ITV's Alan Titchmarsh Show where Stanley Gibbons Magazine and Catalogue Editor, Hugh Jefferies, was interviewed about the complexities of stamp valuation.
Its appearance on prime time television was heralded as "a coup for the hobby" in the philatelic press.
The buyer, who wants to remain anonymous, purchased the Plate 77 Penny Red through the company's recently opened Hong Kong office; a move which has allowed the company to provide expert advice and guidance to the maturing markets in Asia and is to be followed up this year with expansion into more new territories.
GB Stamp Home Page More GB Stamp Articles