MANHATTAN
Rare Lincoln stamp sold for $431,250
NEW YORK (AP)—A rare Abraham Lincoln stamp that was stolen from an Indianapolis collector in 1967 and surfaced 39 years later in Chicago has sold at auction for more than $430,000 in New York.
The stamped envelope was auctioned Saturday at the Robert A. Siegel Auction Galleries in Manhattan.
The buyer is Arthur K. M. Woo, a doctor. He paid $431,250 for the 90-cent stamp, against a presale estimate of $300,000 to $400,000.
The so-called Ice House Cover with Lincoln’s likeness is on an envelope mailed from Boston to an ice house in Calcutta, India, in 1873.
The stamp vanished from its owner’s safe and turned up in Chicago in 2006, when a couple said they found it in the home of a dead relative. A collector recognized it and notified police.
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