The People’s Republic of China issued an 8-fen stamp called The Whole Country is Red in 1968. The stamp features a worker, a farmer, a soldier and a map of China.
The island of Taiwan depicted on the map was outlined in red, unlike other portions which were filled in with red colour. China claims that Taiwan is part of their country, which is why this stamp created controversies and was immediately rolled back.
The Scott catalog lists this stamp with a value of $135,000 for sound unrepaired examples due to its scarcity and demand. The stamp is otherwise generally found in repaired condition.
Kelleher and Rogers Fine Asian Auctions Ltd. will be offering an exceptional example of this rare stamp on 17th and 18th November in Hong Kong with an opening bid of $260,000 Hong Kong dollars. The offered coin features fresh colours, amazing surface, sound perforations, full-white original gum in never hinged condition.
On Friday, the auction will offer collections and individual lots of Chinese empire, republic, Taiwan, and the People’s Republic of China. Stamps from Hong Kong, Japan, and other Asian stamps will be offered on Saturday.