AR / ITEM / 00100386

Plate I

British Guiana 1c Magenta
Joseph Baum and William Dallas, printers · Public domain↗ Source

British Guiana 1c Magenta

Joseph Baum and William Dallas, printers

The only known example of British Guiana's 1856 one-cent magenta, a record-breaking stamp owned since 2021 by Stanley Gibbons.

Date
1856; postmarked 4 April 1856
Collection
Stanley Gibbons

Record

When a shipment of stamps failed to arrive, the Georgetown postmaster E. T. E. Dalton had the Official Gazette printers Joseph Baum and William Dallas produce an emergency issue in 1856. Dissatisfied with the result, he had every stamp initialled by a clerk; this one bears E. D. W. Wight's initials. In 1873 the Scottish schoolboy Louis Vernon Vaughan found it among family letters and sold it to the local collector Neil McKinnon. The Liverpool dealer Thomas Ridpath bought McKinnon's collection in 1878 and sold the stamp the same year to Philipp von Ferrary. After Ferrary's death in 1917 France seized his collection as war reparations; Arthur Hind bought the stamp at the Paris sale in April 1922. It later passed to Frederick Small, who sold it in 1970 to a syndicate led by Irwin Weinberg; John du Pont bought it in 1980 for $935,000. His estate sold it at Sotheby's New York on 17 June 2014 to Stuart Weitzman for $9,480,000, and at Sotheby's on 8 June 2021 it sold for $8,307,000 to Stanley Gibbons, which has since offered fractional ownership and shown it at exhibitions.

Culture
British colonial
Medium
Black printing on magenta paper, corners clipped; initialled 'E.D.W.' and postmarked Demerara
Origin
Georgetown, Guyana (British Guiana)

In the Tapestry

Owned by · 1878–1917
Philipp von FerraryCmedium confidence
Owned by · 1922–1933
Arthur HindCmedium confidence
Owned by · 1980–2010
John Eleuthère du PontCmedium confidence
Owned by · 2014–2021
Stuart WeitzmanA
Made in · 1856
Georgetown, GuyanaCmedium confidence
Associated with · 2014, 2021
Sotheby'sA
Owned by · 2021–present
Stanley GibbonsB

Provenance and history

  1. 1856

    Printed as an emergency issue in GeorgetownC

    Printed by Joseph Baum and William Dallas on the postmaster's instruction.

  2. 4 April 1856

    Postmarked at DemeraraC

    Initialled 'E.D.W.' by the clerk E. D. Wight.

  3. 1873

    Found by Louis Vernon Vaughan among family lettersC

    Sold the same year to the local collector Neil McKinnon.

  4. 1878

    Bought by Philipp von FerraryC

    Via the Liverpool dealer Thomas Ridpath, who had bought McKinnon's collection for £120.

  5. 6 April 1922

    Bought by Arthur Hind at the Ferrary sale in ParisC

    Sale 3, lot 295: 300,000 francs plus tax, then a record for a stamp.

  6. 1980

    Bought by John du PontC

    For $935,000, from the syndicate led by Irwin Weinberg.

  7. 17 June 2014

    Sold at Sotheby's New York to Stuart WeitzmanC

    For $9,480,000 from du Pont's estate.

  8. 8 June 2021

    Sold at Sotheby's New York to Stanley GibbonsB

    For $8.3 million, in Sotheby's 'Three Treasures' sale.

  9. 27–30 September 2023

    Shown at Stampex International, LondonB

Sources

  1. A

    Sotheby's, 'Three Treasures – Collected by Stuart Weitzman' (New York, 8 June 2021)

    ↗ View original record
  2. B

    Stanley Gibbons, 'The ONE CENT Magenta'

    ↗ View original record
  3. C

    Wikipedia, 'British Guiana 1c magenta'

    ↗ View original record