Sun Yat Sen inverted pair brings record $707,000 to HK auction

paulfrasercollectibles

2015-06-26 13:01:16

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Sun Yat Sen inverted pair brings record $707,000 to HK auction

A pair of the inverted 1941 Dr Sun Yat Sen stamp sold on October 14 in Hong Kong

A Hong Kong auction of Chinese postal history has seen an extremely rare pairing of the $2 Dr Sun Yat Sen invert set a new world record, becoming the most valuable Republic of China (1912-1949)stamp lotever sold at auction.

1941 $2 Dr Sun Yat Sen centre invertThe current record for any Chinese stamp stands at $1.15m

The October 13-15 sale topped the previous 311,000 ($500,000)record for a single example of the Dr Sun Yat Sen invert, with the pair selling for $707,700. The price represents a 9.2% increase on the $645,000 high estimate.

The Dr Sun Yat Sen invert is one of the rarest stamps in all of Chinese philately, with just one sheet of 50 stamps ever issued featuring the inverted centre error. The pair in the present auction is one ofonly two vertical pairs known to exist, originating from the collection of the renowned philatelist Huang Ming Fang.

The remarkable pair, both of which were in pristine condition with full original gum, was also lightly initialled by stamp expert Peter Holcombe on the reverse, further boosting its appeal to collectors.

Originating from 1941, the stamps bear the head of Dr Sun Yat Sen, a Chinese revolutionary and the first president of the Republic of China. Sun was instrumental in the overthrow of the Qing dynasty and is often referred to as the "Father of the Nation".

Paul Fraser Collectibles is currently offering a unique block of four 96c olive-bistre stamps, which are consideredsome of therarest stampsin Hong Kong's postal history.

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