Chinese Year of the Monkey stamps set to exceed $150,000 estimate
A complete sheet of Chinese Year of the Monkey stamps is set to excel in a US auction later this month
The ever-popular Year of the Monkey stamps are due to be auctioned in New York on April 19, 2012 with an estimate of $125,000-150,000.
Paul Fraser Collectibles has previously reported on the continuing popularity of the Chinese stamps, which continue to see great success in auction houses despite the lack of scarcity.
The stamps were printed in sheets of 80 to mark the start of the Chinese New Year. With over five million copies produced, they are certainly not in short supply, which is usually a deciding factor for philatelists.
Yet a complete sheet of these intriguing stamps often surpasses expectations, with final sale prices in excess of $190,000.
Almost every time a sheet of these 1980 stamps has appeared, a new world record has been set. The current world record stands at HK$1,495,000 ($192,521), an impressive increase of 186% in 18 months from the previous record.
This impeccable sheet was purchased by the consignor direct from the post office and is in mint condition. This online auction is sure to attract investors and stamp collectors from around the globe, with strong interest expected from the stamp's country of origin.
The Chinese collectors market has gone from strength to strength, with stamps showing increasing sales in recent months.Paul Fraser Collectibles will continue to bring you that latest news on the sale of Year of the Monkey stamps. Click here for more news and opinion from the stamp collecting world.
We are also offering a great range of stamps for those looking to invest, including this highly rare and sought-after block of four 96c Hong Kong Olive-Bistre stamps.