Four China stamps sell for $1.15m

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A set of four Chinese stamps from the Cultural Revolution era has sold at auction in Hong Kong for more than $1.15m (£708,000).

The stamps, which were never issued for use, feature a design called Mao's 1968 Inscription to Japanese Worker Friends.

The set was bought by a collector in Hong Kong.

The 600-lot auction, which featured both pre- and post-revolutionary Chinese stamps and also issues from Taiwan, raised more than $12m.

The auctioneers here describe the level of interest and excitement in stamps from the People's Republic of China as breathtaking....

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