StampNews.com is glad to share the latest auction news with our readers. This one concerns the sale of an impressive philatelic item ‒ a block of 50 1980 Chinese Year of the Monkey stamps that has been auctioned for US$192,676.
It led a sale of stamps from the People's Republic of China and Liberated Areas at Interasia Auctions in Hong Kong on July 27.
The issue has become one of the most valuable modern Chinese stamps despite being relatively common. Around 5m were printed. It's prized by collectors and non-collectors alike for its design, which displays signifiers of good luck ‒ a monkey, a red background and the number eight.
Full blocks in good condition have been selling around the US$192,000 mark since 2011 ‒ a sum that will likely increase as the years roll on. Other star lots included a small 1968 Whole Country is Red stamp, which made US$125,980. It displays a red map of China above jubilant workers brandishing copies of Mao's Little Red Book.
Ironically the whole country was not red, as the designer forgot to include the island chains of Nanshi and Xisha. The contested territory of Taiwan was also coloured in white. Once the mistake was discovered, the stamp was quickly withdrawn. Few have survived. The record for the issue is an impressive US$1.1m, set for a large specimen in a 2014 sale.
Sourced by paulfrasercollectibles.com