By Calvin Palmer
A mint condition U.S. postage stamp, regarded as one of the most famous in the world, is expected to fetch £150,000 ($213,000) when it is sold at auction next month.
One of the most famous stamps in the world, the "Inverted Jenny".
The 1918 ‘inverted Jenny” depicts a Curtiss JN-4 Jenny biplane the wrong way up on a 24 cents airmail stamp and is one of the most remarkable errors in the history of philately.
The error was discovered by stockbroker’s clerk William T. Robey who was keen on sending first-day covers to his friends whenever the United States issued new stamps.
On May 14, 1918, he went into his local Washington D.C. post office to buy several examples of the new 24 cents airmail stamp.
Seeing the sheet of 100 stamps, everyone featuring the biplane upside down, he quickly handed over $24 and bought the entire sheet.
The error had occurred because the stamp’s two colors were printed in two separate operations: first the rose-colored frame and then the blue central image of the airplane.
Robey was soon visited by postal inspectors trying to buy the sheet back. Robey held firm and did not even show them the sheet. He eventually sold it for $15,000 to Eugene Klein, of Philadelphia, who bought it on behalf of a syndicate consisting of himself, Mann and Major Joseph Steinmetz, President of the Aero Club of Pennsylvania.
The sheet was later bought for $20,000 by Col. Edward H.R. Green, one of the most important collectors in America.
Green authorized the splitting up of the sheet. He retained the plate block of 8 and 3 blocks of 4 and Klein was instructed to sell the balance. Initially singles were priced at $250 each, with straight edge copies from the side of the sheet priced at $175.
The stamp quickly rose in status and value. By 1940 singles were changing hands at $4,100, then $12,500 by 1965, $130,000 by 1979, and $185,000 by 2001.
Two were sold in 2007, both in exceptionally fine condition, and they achieved $825,000 and $850,000 before the addition of the buyer’s premium.
The stamp being sold next month changed hands for $3,000 in 1941, then after more buying and selling Harmers of New York sold it on behalf of a British collector for $52,000 plus $5,200 buyer’s premium in 1982. The buyer was another British collector and has not subsequently appeared on the market.
The sale by auction house Warwick and Warwick takes place on March 4 in the Court House, Warwick.
[Based on a report by The Daily Telegraph.]
Richie Benaud to call stumps on all cricket commentary
By Calvin Palmer
Richie Benaud, the voice of cricket in England and Australia for nearly half a century, has revealed his intention to retire from all cricket commentary.
Benaud, 78, let the revelation slip in a radio interview on Australia’s 2GB station today.
He said: “I’ll be doing Australian cricket next year – 2010 – but I don’t do any television at all anywhere else now and when I finish next year, then I’ll be doing other things. But that’ll be no more television commentary.”
Benaud began work in television after retiring in 1964 from an illustrious playing career. He was a leg-spin bowler and lower order batsmen and captained the Australian cricket side from 1958 until his retirement.
He worked extensively for the BBC and Channel 4 in the UK, as well as the Nine Network in Australia.
Famous for his beige jackets and his dry witty remarks, Benaud retired from English commentary after the infamous Ashes series of 2005.
One of his famous quotes is: “The slow-motion replay doesn’t show how fast the ball was really travelling.”
I am old enough to have seen Benaud play and in his early days as a commentator with the BBC used to delight in his Australian pronunciation of Bob Barber, the England and Warwickshire opener.
[Based on a report by the Melbourne Herald Sun.]
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