'Red Monkey' stamps fetch record price in Hong Kong
Tuesday 16 August 2011
A highly sought-after rare set of "Red Monkey" stamps to celebrate the 1980 Year of the Monkey was sold for a record $184,000 at a Hong Kong auction Sunday, the organiser said.
The stamps were originally expected to fetch HK$1.1 million-1.2 million ($141,000-154,000) but they were bought by an Asian collector for HK$1.44 million when the hammer fell, auction house Zurich Asia said.
The auctioneer said the sale broke a previous world record when a similar set of the stamps was sold for HK$1.2 million in the southern Chinese city, a major auction hub thanks to cash-rich mainland Chinese buyers.
Mainland Chinese are regular buyers of the top lots at sales of art, jewellery and wine as Hong Kong positions itself as an auction hub for Asia as well as the gateway to China's vast market.
Life & Style blogs
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Alex Salmond has 'broken his word to the Scottish people' says Scottish Lib Dem leader
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Christmas comes early to Hong Kong, as millions of bank notes spill out onto busy street
- 3 The 'Black Museum': After 150 years, public can visit police’s grisly crime museum
- 5 Vagina canoe artist facing two years in jail defends herself over ‘obscenity’ charges
£40000 - £43000 per annum + benefits: Ashdown Group: Senior Marketing Executiv...
£40000 - £43000 per annum + benefits: Ashdown Group: An international organisa...
£25000 - £30000 per annum: Ashdown Group: Internal Recruiter -Rugby, Warwicksh...
£70000 - £75000 per annum + benefits: Ashdown Group: Marketing Manager/Marketi...