Postage stamps increase value as investment

Almost SFr18 million ($15 million) has been made at what has been billed as the world's most important stamp auction in the eastern Swiss town of Wil.

This content was published on November 28, 2008 - 10:32

The Rapp auction house had only expected SFr15 million in sales over the four-day event, which offered live bidding over the internet.

Rapp said in a statement late on Thursday that the value of rare stamps had increased despite the global financial crisis.

"Stamps are benefiting from the move towards tangible assets," the auction house said. "The potential for further increases in value is considerable. Many billions of Swiss francs are already being spent on stamps every year throughout the world and this trend is on the increase."

Rapp said thousands of philatelists from more than 30 nations took part in the bidding.

A highlight was the auction of "Rayon I", which went for SFr348,000 to become the most expensive stamp in Switzerland.

The Rayon I was one of the first countrywide stamps to be put into circulation after cantons adopted the federal constitution in 1848. It was then worth five centimes.

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?