DALLAS — One of the most famously flawed stamps in U.S. history sold for $825,000 to a New York man who bought it slightly cheaper than the record price that another “Inverted Jenny” copy fetched at auction last month.
The rare 1918 24-cent stamp, depicting an upside-down Curtis JN-4 biplane known as “Jenny,” was sold privately this week to a Wall Street executive who did not want to be identified. Heritage Auction Galleries president Greg Rohan said the buyer is the same collector who lost an auction last month in which another “Inverted Jenny” sold for $977,500.
“I suspect he’s going to enjoy owning it and showing it to a few close friends,” Rohan said.
The mint-condition, red-white-and-blue stamp is one of the finest known surviving stamps from the original sheet of 100 misprints.
The Associated Press
