Updated: Wednesday, 18 June 2014 07:15 | By Agence France-Presse

Stamp sells for world-record $9.5 million: Sotheby's

An incredibly rare 19th century postage stamp, a tiny one cent magenta from British colonial Guyana, sold for $9.5 million in New York on Tuesday, setting a new world record.

Stamp sells for world-record $9.5 million: Sotheby's

British Guyana One-Cent Magenta, described as the most famous stamp in the world, on display in a glass case at Sotheby's on June 17, 2014 in New York - by Stan Honda

Bidding began at $4.5 million and it took just two minutes to sell the stamp to an anonymous bidder on the phone, David Redden, Sotheby's director of special projects, said.

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