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Bill Gross seeks to set record by selling stamp collection for up to $20mn

The ‘bond king’ is auctioning a complete set of US postal stamps next week
The only one cent Z Grill stamp available to collectors has an estimated presale value of $4mn to $5mn.

Investor Bill Gross, once known as the ‘bond king”, is looking to set a different investment record next week when the highlights of his rare stamp collection go under the hammer in New York.

Gross, who built the most complete collection of US stamps in history, is putting it for sale piece by piece on Friday and Saturday at the Robert A Siegel auction house. Presale estimates suggest the sale could bring $15mn to $20mn and set a record for a US stamp collection.

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