StampNews.com got to know that the Singapore Philatelic Museum held its first ever stamp auction this weekend, and rare surplus stamps from its collection were available for sale.
The stamps for auction included 1953 Queen Elizabeth II revenue stamps, 1955 Queen Elizabeth II definitive stamps and post-independence stamps from 1968.e Philatelic Museum will hold its first ever stamp auction this weekend, and rare surplus stamps from its collection will be available for sale.
These include 1953 Queen Elizabeth II revenue stamps which were used during the 1950s mainly by lawyers for payment of stamp duties in Singapore. Bids for each sheet of 50 stamps in $500 denominations started from $12,000.e used for staff training in the 1950s. Bids for each sheet of 50 stamps will start from $1,000.
Post independence stamps from 1968 were also up for auction. They reflect Singapore's multicultural society, featuring traditional ethnic dances, masks and musical instruments. Bids for each sheet of 100 stamps in 15 denominations, ranging from 1 cent to $10, started from $1,200.
The proceeds from this auction will go towards the future development s seen close to 120,000 visitors each year.
Said Ms Tresnawati Prihadi, General Manager of the Singapore Philatelic Museum: "We really need it to raise funds for our future development for maybe bigger galleries, more programmes, more exhibitions. So that we can reach out to a wider audience".