The First Art Newspaper on the Net   Established in 1996 Tuesday, August 11, 2020


Record price for an Inverted Jenny unique centerline block of four
Positions 45-46, 55-56, Well centred and disturbed original gum. A spectacular showpiece that is ranked among the top philatelic items in the world. Sold for: $1,740,000 (Including Buyer’s Premium).



NEW YORK, NY.- The iconic Inverted Jenny centerline block of four has been sold at Spink New York for a record-setting $1,740,000 million dollars, becoming the most expensive United States philatelic item sold at auction this year.

The Inverted Jenny is one of the world's most recognizable stamps, and this spectacular realization for the unique centerline block cements its status as one of philately's legendary rarities.

On 21st May 2014 Spink sold one of the most recognised and desirable errors in all American philately, the 24c. Inverted Jenny. Sold in a single lot auction the error from the J.E. Safra collection the single stamp realised $575,100. After handling such a rarity Spink was honoured to offer for auction not only a Single Inverted Jenny but a block of four. The single Inverted Jenny and the block of four were offered in two separate lots.

The single Inverted Jenny described as one of the ‘finest singles’ by our specialist Christopher Green is Position 39, Extremely well centred amid large margin and with Full original gum.

The 1918 Twenty Four Cent Inverted Jenny is one of the most recognized and desired rarities in all of philately. Its legendary status began the moment the stamp was issued in May, 1918, when William T. Robey purchased the entire error sheet of 100 at the New York Avenue Post Office window in Washington D.C. - May 14th - just one day after the stamp was issued. Within one week Robey sold the sheet for $15,000.00 to the well-known Philadelphia stamp dealer Eugene Klein (an impressive return on his initial $24.00 investment). Shortly thereafter Mr. Klein sold the sheet to the renowned, yet eccentric collector, Col. Edward H.R. Green for $20,000.00. Col. Green asked Klein to break up the sheet for him into singles and blocks, then instructed him to sell all but the few key position blocks. What is puzzling is how, given the immediate attention created by a spectacular new error, so many of the stamps from the sheet have been poorly handled and stored over the years. In fact, there are at least six examples whose whereabouts are unknown and possibly lost to philately. A great many of the known copies have varying degrees of faults and some even have lost all of their original gum. Improper hinging has caused a significant number of the faults, often thinning or creasing the stamps and nineteen have straight edges.










Today's News

September 28, 2019

Antony Gormley's most significant show in the UK for over a decade opens in London

Zeit Contemporary Art presents an online exhibition devoted to the work of Eduardo Chillida

Record price for an Inverted Jenny unique centerline block of four

Hauser & Wirth opens the first solo exhibition in Greater China of Hans (Jean) Arp

Brazil artists fear LGBT shows doomed under Bolsonaro

Tacita Dean announced for Government Art Collection commission

Major exhibition of David Nash's work opens this autumn at Towner Eastbourne

The Schirn Kunsthalle Frankfurt opens a major exhibition of works by Hannah Ryggen

Exhibition presents a selection of prints from Cowboy Kate & Other Stories by Sam Haskins

Ghosts of China's past haunt former capital Nanjing

Modern Art Oxford opens 'Kiki Smith: I am a Wanderer'

Peter Blum Gallery opens an exhibition of new paintings by John Zurier

Three recent video installations by Jennifer Steinkamp on view at Lehmann Maupin

Bonhams appoints Molly Ott Ambler as head of Impressionist & Modern Art for the Americas

Banksy's chimpanzee parliament goes under the hammer

Artist-scientist breathes new life into ancient fossils

Kent Monkman painting donated to the Winnipeg Art Gallery for the Community

First solo exhibition in London by artist Praneet Soi opens at The Mosaic Rooms

mumok opens exhibition of photographs by Heimrad Bäcker

Lee Ufan opens largest single outdoor sculpture project in the US

Henry Moore drawing and correspondence comes to light at Cheffins' Art & Design Sale

Bonhams NY Jewels sale led by a rare blue diamond ring by Van Cleef & Arpels

Signed Apollo 11 memorabilia heads to auction on Oct. 6 at L.A.'s Abell Auction Co.




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