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World's most famous stamp on sale for more than $12.6m

Published on Feb 15, 2014 4:12 AM
A staff member points to the "British Guiana One Cent Magenta" at the Sotheby's gallery in New York, February 14, 2014. According to Sotheby's, the stamp will be auctioned on June 17, with a pre-sale estimate of US$10 to 20 million. - PHOTO: REUTERS

NEW YORK (AFP) - The world's most famous postage stamp, a tiny piece of British colonial memorabilia from 19th century South America, is going under the hammer in New York for US$10 (S$12.6 million) to US$20 million.

It was made in 1856 in Guyana and Sotheby's will sell the British Guiana One Cent Magenta, which bares the postmater's initials, on June 17.

Last bought in 1980 by convicted murderer and American multi-millionaire, John du Pont, it has not been seen in public since going on display at a stamp exhibition in Chicago in 1986.

Since 1922 it has three times broken the record for the price of a single stamp sold at auction and Sotheby's estimated value puts it way ahead of the last known record of US$2.5 million.

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