Red Monkey Stamps create a HK $1.44 million record
Printed to celebrate the Year of the Monkey (the Chinese have their own Zodiac with each year falling into a year of a particular animal) ; the Red Monkey stamps are particularly rare and much sought after. The stamps were printed in 1980 – which was a year of the monkey.
The rare stamps were expected to sell for about HK $1.2 million but broke records when they sold for $1.44 million ($184,000 USD).
Five million Red Monkey stamps are in circulation. Its popularity stems from its appearance — black monkeys on an auspicious red background — and because they were issued in 1980, the year of the Golden Monkey, a lucky year in the Chinese zodiac that comes around only once every 60 years.
The reason for the high price of the monkey stamps in this case was that it was a complete set in perfect condition – which is relatively rare.
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