Record-breaking stamp sale: 'Z-Gril' sells for $4.3m in New York

#ZGrill

#NewYork

#OnceCentPostageStamp

An ultra-rare one-cent US postage stamp from 1868 known as a Z-grill, one of only two in existence, was auctioned for the first time in 25 years by billionaire collector Bill Gross. This auction was a historic event for philatelists. Bill Gross achieved a complete collection of the rarest US stamps. Despite concerns about declining interest among younger generations, experts like Charles Shreve emphasize the educational value of stamp collecting. The Z-grill sold for a record $4,366,000, making it the highest-grossing single-session auction in philatelic history.

Al Jazeera's Kristen Saloomey reports from New York.