The famous Chinese stamp called “The Red Lady in a Green Dress” with a presale estimate of 8 million Hong Kong dollars (£700,000 approx) is up for auction in Hong Kong, the day after tomorrow.

International Auction House based in Hong Kong, Interasia Auctions will hold a Chinese stamp auction on July 31 to Aug. 1. The auction boasts of over 2,200 lots of stamps and postal history and is expected to realize more than 45 million dollars which should be a record for Asian Philately.

Collectors worldwide are looking forward to seeing the results of such a magnificent philatelic event which will prove one more time that investment in rare stamps are proving to be a winner for many collectors.

The 1897 Red Revenue Small 2c (stamped over its original 3c value) Green Surcharge, is known by collectors as the “The Red Lady in the Green Dress,” due to its green postmark over the red stamp.

These stamps are a trial printing, of which only eight (although some sources dipute this figure to be nine) are officially recognised with one of these rarities actually being held at the China National Postage Stamp Museum.

published July 30th, 2010