Position 81-82/91-92 - 1991-09-25 Transaction Summary

Purchase Date:
1991-09-25
How Purchased:
Auction
Where Purchased:
Christie's Robson Lowe
Auction No.:
KOBACKER-7316
Lot No.:
563
Sound/Fault:
Sound
Catalogue Value:
$ 550,000
Realized:
$ 715,000
Seller:

Description

24c Carmine Rose & Blue, center inverted (C3a). positions 81-82/91-92, full bottom left corner sheet margin block of four showing "S. Dc B." initials in margin, rich colors on bright paper, superb centering, fresh original gum, the right pair has very slightly disturbed gum

When the corner margin block with siderographer's initials was offered in the 25th sale of Colonel E. H . R. Green's Collection by Eugene Costales, it was purchased for $I7,000 by Y. Souren. It next appeared at auction in the sale of the Henry B. Close collection of United Stales stamps held by Eugene Costales in 1952, where it was bought by Ezra Cole for $22,000 on behalf of Josiah K. Lilly. When the Lilly collection was sold by Robert A. Siegel at auction in 1968, the corner block realized $100,000, then the world record price for a philatelic item. It was bought by Raymond and Roger Weill of New Orleans and placed with a collector. It has subsequently changed ownership privately on at least three occasions

EXTREMELY FINE. A PERFECTLY CENTERED AND KEY POSITION BLOCK OF THIS FAMOUS UNITED STATES STAMP. WIDELY CONSIDERED TO BE ONE OF THE MOST VALUABLE AND IMPORTANT PHILATELIC ITEMS IN EXISTENCE.

With Philatelic Foundation certificate.

Estimate: $600,000-800,000

Note: This was purchased by Harry Hagendorf of Columbian Stamp Company, acting as agent for a west coast collector.
Copyright 2019. All rights reserved by Siegel Auction Galleries Inc. and Inverted Jenny.com. Information and images may be used with credit to Siegel/InvertedJenny.com subject to guidelines and restrictions.