Half a rare German postage stamp fetches a fortune

Half a rare German postage stamp which dates back to 1872 has fetched some 261,000 euros ($347,500) at auction in the southern German town of Bietigheim-Bissingen, a spokeswoman for the auction house told Reuters on Thursday.

She said a German collector purchased the well-preserved half stamp, which originates from the northern German town of Syke, despite its hefty price tag because it was so rare. (Reuters)