$162,000 win for Victory of the Cultural Revolution stamp in Hong Kong



2015-06-26 12:30:58


$162,000 win for Victory of the Cultural Revolution stamp in Hong Kong

It wasn't just Bruce Lee that was flattening the rest at Dynasty, the pairing of Mao and Lin Biao did too

Yesterday, we reported on the most eye-catching results from Dynasty Auctions' sale: A few high quality pieces of Bruce Lee memorabilia including a fur coat from an unfinished film and a letter talking about his role in The Green Hornet.

But the Lee memorabilia was really just a quirk in the auction, which was primarily a stamp sale - and not an everyday one either. With the full results now available, let's look at the People's Republic of China highlights.

There were three stamps in a row which were estimated at up to HK$300,000 or over(about US$38,400): Two used copies of the famous 1968, 8f "Entire Nation Is Red" stamp(the first at HK350,000)and an unissued 1968, 8f Great Victory of the Cultural Revolution, Chairman Mao and Lin Biao.

The entire nation is red Chinese stamp errorThe entire nation is red Chinese stamp error

The former was withdrawn on the day it was issued for failing to live up to its name and show that the entire nation was red. The stamp's designer Wang Wei Sheng neglected to fully colour in the island of Taiwan, over which China's Communist party claimed ownership.

"For a long time I was really worried that I would be jailed. Officials told me that it was a really big mistake, but in the end nothing happened." he later noted. At the weekend, both copies doubled their estimates.

Lot 1461, described as "a beauty" with "aneat, unobtrusive corner cancel" brought HK$747,500 whilst lot 1462, also described as "beautiful, highly attractive" but with a "minor internal wrinkle" brought HK$690,000.

However, both of those were put in the shade by the Great Victory of the Cultural Revolution.

Described as an outstanding example of this great rarity, the stamp is fresh and in excellent condition, with its original gum and having never been hinged. Very fine and choice, it is one of the key issues of the People's Republic of China.

Victory of the Cultural Revolution Chinese stampVictory of the Cultural Revolution Chinese stamp

Perhaps it is not surprising then that there was lively bidding for the piece which finally sold for HK$1,265,000 (US$162,000).

Collectors of Chinese stamps will now be looking ahead to Interasia's sale where the highlights include an incredible marginal four block of the Great Victory of the Cultural Revolution. Those interested in the philatelic history of Taiwan may wish to take a look at this 1888 block of eight China/Taiwan stamps.

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