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Stamp auction snaps $910K in C China

(Xinhua)
Updated: 2009-04-13 09:29

LUOYANG, Henan -- An auction of precious stamps in central China's Henan Province bagged 6.22 million yuan (US$910,000) on Sunday.

Related readings:  Stamp exhibition leaves mark on city  2009 World Stamp Exhibition to open in central Chinese city

A collection of 875 precious stamps were for auction on Sunday at the 2009 World Stamp Exhibition in Luoyang City, of which 725 were sold.

The auction, running from 9 a.m. to 7 p.m., received more than 500 bids.

The very scarce 100 "Study Science from Childhood" souvenir sheet stamps, issued in China in 1979 and in original packing, received the highest bid, 638,400 yuan (about US$93,882).

The 2009 World Stamp Exhibition runs through April 10 to 16. Coming from more than 110 countries and regions, philately organizations have brought more than 3,200 framed stamp collections.