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Showing posts from May, 2014

Rare Inverted Jenny Stamp to be Auctioned in New York

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Have you ever collected stamps? If so, you might want to bid on an Inverted Jenny, one of the rarest and most famous error philately items in history. In case you aren't aware, the Invested Jenny is a United States 24 cent stamp with an airplane printed upside down in error.

The auction for this rare stamp will be held in New York City on May 21, 2014 by the auction house Spink USA. This will be a single vendor auction of one lot.

This is a mint never hinged stamp. Only five MNH stamps are known to exist. The last time one of these sold was in October of 2013. It was hammered at $500,000.

For more information on this auction, contact Spink at 212-262-8400.

Steve Wynn Bought Popeye for $28.2 Million

At a Sotheby's auction, a Jeff Koons's sculpture of the cartoon "Popeye"was hammered at $28.2 million.

The successful bidder was none other than the wealthy casino owner, Steve Wynn.

The Most Expensive House in America Just Sold for $147 Million

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The most expensive home in the United States just sold for $147 million in a private transaction, making local real estate agents very unhappy. The 18 acre estate is located on 60 Further Lane in East Hampton.

The lucky purchaser was Barry Rosenstein, the hedge fund manager of Jana Partners, and he bought it from the estate of Christopher H. Browne, the former managing director of an investment company.

If there had been a 6% commission on this transaction, the Realtors would have made 8.82 million.



Image courtesy of Bing Maps