A set of 4 Gandhi Purple Stamps which was issued in 1948 was sold for a record price of USD598,000 which works out to Rs.4.2 crores in Indian currency. The stamps were sold by the stamp dealer Stanley Gibbons to a highest bidder from Australia. Only 13 of these stamps are known to be in circulation.
Stanley Gibbons previously sold one of these singles for USD200,000 to a client in Uruguay last year. The value of the dealer Stanley Gibbons rose 7% in the Stock Market post this news in the United Kingdom.