A rare set of postal stamps were recently sold to an unnamed private collector-investor for 500,000 pounds ( roughly Rs 4.14 crore) on Wednesday. The stamps featured Mahatma Gandhi.
A block of four is in the Queen's stamp collection which is supposed to be the world's largest and most valuable collection.
The collector, who bought the Indian stamps at the highest ever price, was from Australia.
Stanley Gibbons, a United Kingdom-based stamp, and other collectibles dealer sold those rare stamps. They considered the stamps unique and the most desirable collectors' item in Indian collection.
Keith Heddle, the managing director of investments at Stanley Gibbons said that the market for high-quality Indian rarities has been pretty strong for years. It's been supported by the desire and demand of wealthy Indians who have settled abroad and other international clients who want to own these historic assets.
This isn't the first time for Stanley. Previously, he had sold one of the singles for 160,000 Pounds to a customer from Uruguay in 2016.