A rare 1918 24-cent stamp depicting an upside-down Curtiss JN-4 airplane known as “Jenny”, a World War I training aircraft that became an airmail plane, was auctioned privately on Dec. 27, 2007.
A collector from New York, a Wall Street executive who did not want to be identified, has purchased the flawed stamp for US$ 825,000, according to Heritage Auction Galleries.
The winning bid price is slightly lower than the winning bid price last November 2007 where another “Inverted Jenny” was sold for US$ 977,500, making the Inverted Jennies as the most expensive airmail stamps in the world.
This latest Inverted Jenny stamp, in mint condition, is one of the finest known surviving stamps from the original sheet of 100 misprints.
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