‘Lady Cotswold’ rare Chinese Large Dragon stamps sell for £600,000

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26 May 2015
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imports_CCGB_thesheetof19chineses_13947.jpg The sheet of 19 Chinese stamps from the 'Lady Cotswold Missionary Find'
The recently discovered ‘Lady Cotswold’ sheets of nineteen, ten and six Chinese Imperial Dragons stamps, which were snapped up at a provincial auction by a UK stamp dealer for £79,000 as reported in the April issue of Stamp & Coin Mart, have now been sold again across three lots in Hong Kong for more than £603,000. ...
The recently discovered ‘Lady Cotswold’ sheets of nineteen, ten and six Chinese Imperial Dragons stamps, which were snapped up at a provincial auction by a UK stamp dealer for £79,000 as reported in the April issue of Stamp & Coin Mart, have now been sold again across three lots in Hong Kong for more than £603,000.

The 1882 5ca yellow ocher stamps were found in an attic in the Cotswolds and bought at auction by Allan Grant of stamp dealers Rushstamps, much to the surprise of the locals at the British Bespoke Auctions sale, where the stamps were expected to fetch around £1,000.

The rarest of the multiples, boasting nineteen of the rare stamps, sold for £386,000, with the block of ten fetching £154,401 and the block of six going under the hammer for £62,725, giving a total of £603,126, and resulting in an impressive £524,000 profit for the stamp dealers over the course of just a few months.

Dealer Allan Grant told Stamp & Coin Mart: ‘It’s not likely something like this will happen again. The auction was very successful and we’re very, very pleased. The three lots were all bought by one Chinese gentleman and there was lots of excitement in the room. We thought they would roughly go for this price but we’re pleasantly surprised.’

Read more about the sale in the July 2015 issue of Stamp & Coin Mart.



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