Sweden's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Swedish stamp remains world's most expensive

Share this article

Swedish stamp remains world's most expensive
10:32 CEST+02:00
A unique Swedish postage stamp printed in 1857 retained its status as the world's most expensive when it was sold at auction in Geneva on Saturday to an international consortium, auctioneers said.

One of the rarest known stamps, the "Treskilling Yellow" -- or three-shilling stamp -- was issued by mistake during a print run of eight-skilling stamps, which are yellow. The three-skilling was normally green.

A Swedish schoolboy stumbled upon it in 1885 while rummaging for stamps to sell on for pocket money. Since then it has passed through the hands of a series of stamp collectors, as well a German aristocrat and a Belgian tycoon.

The last time it was sold, in 1996, it fetched 2.875 million Swiss francs ($4.5 million) at auction.

Stamp auctioneers David Feldman did not disclose the identity of the buyers, nor the price paid this time round.

They did say however that the stamp remained the world's most expensive.

"The consortium members bought the stamp after deeming that it was a solid investment in these times of crisis," they added in a statement.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

New Malmö museum will focus on ‘democracy and migration'

Change starts with one small step, whether it be a large or small scale project, it all requires movement. It's a logic that can be applied to starting a new national museum from scratch, especially one with an innovative theme that is going to take several years to come to fruition.