Lincoln stamp: Stolen, found, sold for $431K

June 15, 2009 7:14:43 AM PDT
A rare Abraham Lincoln stamp that was stolen from Indiana in 1967 and surfaced 39 years later in Chicago has sold at auction for more than $430,000. The stamped envelope was auctioned Saturday at Manhattan's Robert A. Siegel galleries.

The buyer is Arthur K.M. Woo, a doctor who would reveal nothing more about himself.

He paid $431,250 for the 90-cent stamp, against a pre-sale estimate of $300,000 to $400,000, including the buyer's premium.

The so-called Ice House Cover with Lincoln's likeness is on an envelope mailed from Boston to an ice house in India in 1873.

The stamp vanished from its owner's safe in Indianapolis and turned up in 2006 at a home in Chicago. A collector notified police.

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