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The OneCent Magenta Inside The Quest To Own The Most Valu

 
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An inside look at the obsessive, secretive, and often bizarre world of high-profile stamp collecting, told through the journey of the world&rsquo;s most sought-after stamp.<BR />  <BR /> When it was issued in 1856, it cost a penny. In 2014, this tiny square of faded red paper sold at Sotheby&rsquo;s for nearly $9.5 million, the largest amount ever paid for a postage stamp at auction. Through the stories of the eccentric characters who have bought, owned, and sold the one-cent magenta in the years in between, James Barron delivers a fascinating tale of global history and immense wealth, and of the human desire to collect.<BR />  <BR /> One-cent magentas were provisional stamps, printed quickly in what was then British Guiana when a shipment of official stamps from London did not arrive. They were intended for periodicals, and most were thrown out with the newspapers. But one stamp survived. The singular one-cent magenta has had only nine owners since a twelve-year-old boy discovered it in 1873 as he sorted through papers in his uncle&rsquo;s house. He soon sold it for what would be $17 today. (That&rsquo;s been called the worst stamp deal in history.) Among later owners was a fabulously wealthy Frenchman who hid the stamp from almost everyone (even King George V of England couldn&rsquo;t get a peek); a businessman who traveled with the stamp in a briefcase he handcuffed to his wrist; and John E. du Pont, an heir to the chemical fortune, who died while serving a thirty-year sentence for the murder of Olympic wrestler Dave Schultz.<BR />  <BR /> Recommended for fans of Nicholas A. Basbanes, Susan Orlean, and Simon Winchester, The One-Cent Magenta explores the intersection of obsessive pursuits and great affluence and asks why we want most what is most rare.<BR />  



Details:
rank: #25,297
price: $17.31
bound:
publisher: Algonquin Books (March 7, 2017)
lang: English
asin:
isbn: 1616205180, 978-1616205188,
weight: 9.6 ounces (
filesize:




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