1927 60 cent Air Mail stamp hammers for $45,000

February 2nd, 2014

A Newfoundland 1927 60 cent black "Air Mail/De Pinedo/1927" overprint stamp made $45,000 at Spink New York on January 30.

It was the headline lot of the Drs. Joanne and Edward Dauer Collection of British North America, which consists of a range of rare Canadian and North American stamps dating back to the colonial era.

The stamp is among the rarest "Canadian" and air post stamps, with this example being one of the finest known.

Only 300 of the stamps were ever printed, with around 33 mint examples known to have made it through to the present day.

The overprint denotes that the stamps were intended for letters to be flown by Francesco de Pinedo, the famed Italian aviator.It features wide margins with a clean, well-centred impression and despite some light hinging is in extremely fine condition.

Another Canada 1857 6d made $42,500.The reddish-purple stamp has been printed on soft woven paper and is in exceptional condition, with the auction house describing it as "the first sound mint example of this rarity that we have had the pleasure of offering in our auctions".

It features large margins and a clear impression, and is printed on fresh, clean paper.