1878-1883 large Dragon essay stamp made US$512,500 at Spink’s auction! One more rarity is sold

January 22nd, 2016

FindYourStampsValue.com would like to share recent stamp auction news with our readers. This one concerns the sale of the 1878-1883 large dragon essay stamp that made US$512,500 at Spink's stamp sale on January 17 – it was the highest grossing stamp sale ever held in Asia.

An 1878-1883 large dragon essay was the lead lot of Spink's record breaking sale of the Meiso Mizuhara stamp collection. It displays a pair of se-tenant designs for China's first official stamp: the dragon with night-shining pearl and a six-storied pagoda.

For a long time it was thought the stamps were designed by an American artist. This is in part due to the fact that pagodas have an odd number of storeys – indicating a lack of knowledge of Chinese culture.

It has since been determined the artist was Chinese and the missing storey was likely a mistake.

To the left are six sets of characters for the various values of the issue. Another essay for the issue, displaying an elephant, sold for $384,322. Like the pagoda, the design was revised and tested but later abandoned in favour of the dragon.

Spink comments: "The results of this auction add further dignity to an already great philatelic collector and stand as a firm testament of success for a lifetime dedicated to Chinese philately.

"Despite the challenging environment in Chinese financial markets, the auction broke many world records in a one single vendor auction". Sourced by paulfrasercollectibles.com