- Associated Press - Thursday, June 4, 2015

WASHINGTON, D.C. (AP) - A $9.5 million 19th-century stamp purchased by shoe designer Stuart Weitzman is now on display at the Smithsonian National Postal Museum.

The Washington Post reports (https://wapo.st/1Jtdk6W ) Weitzman remained anonymous until Thursday, when his 1856 British Guiana One-Cent Magenta went on display at the museum.

Chief philately curator Daniel Piazza says the South American colony British Guiana ran out of English stamps in 1856 and enlisted a newspaper publisher to print them locally. Collectors believe all of the one-cent magentas stamps were tossed away, except for one, which was saved by a Scottish boy living in British Guiana in 1873.

Since then, the stamp has been bought numerous times. Weitzman purchased it last year from the estate of chemical fortune heir John du Pont.


Information from: The Washington Post, https://www.washingtonpost.com



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