Friday, January 04, 2008


That we live in a crazy society where millions subsist on less than a $1 a day, while millionaires spend fortunes on crazy whims is well illustrated by this news item.
"One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price another "Inverted Jenny" copy fetched at auction last month. The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as "Jenny," was sold privately this week to a Wall Street executive who did not want to be identified. Heritage Auction Gallerie’s president Greg Rohan, who brokered the sale, said the buyer is the same collector who lost an auction last month in which another "Inverted Jenny" sold for $977,500. Rohan said his client, whom he described as not being a rare stamp collector, was glad to get another chance at the prized misprint. "I suspect he's going to enjoy owning it and showing it to a few close friends," Rohan said." (Yahoo News, 27 December) RD

No comments: