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    One Cent Magenta

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      154

      ”somewhat of a Huey Long’’ Stewart McBride, “The Case of the Airmailed Voter and Other Tales of the Cook Islands,” Christian Science Monitor, March 4, 1982, 1.

      156

      a profit of $90,000 Richard Jewell and Vernon Harbin, The RKO Story (New Rochelle, N.Y.: Arlington House, 1982), 156.

      156

      Bosley Crowthers review Bosley Crowther, “The Screen: The Saint Relaxes,” New York Times, January 31, 1941, 15.

      157

      On January 18 Author’s transcription of DVD re-release of You Bet Your Life, episode 50-22 and uncredited liner notes (Los Angeles: Shout! Factory, 2004).

      157

      writers scribbling on an overhead projector Robert Dwan, As Long As They’re Laughing: Groucho Marx and You Bet Your Life (Baltimore: Midnight Marquee Press, 2000), 84.

      159

      “She did collect stamps” Author interview with Virginia Baxter, January 27, 2015.

      159

      went on to a long career “Alice Backes Citron” (obituary), Los Angeles Times, March 27, 2007, http://www.legacy.com/obituaries/latimes/obituary.aspx?page=lifestory&pid=86973891.

      9. 1970: The Wilkes-Barre Eight

      160

      never went to its owners’ hometown Author interview with Irwin Weinberg, March 19, 2016.

      165

      ”The rules are not working” Quoted in William L. Silber, Volcker: The Triumph of Persistence (New York: Bloomsbury Press, 2013), 74.

      166

      the economy slipped See, for example, Paul Krugman, “Franklin Delano Obama,” New York Times, November 10, 2008, A29.

      166

      Weinberg got a glimpse Author interview with Irwin Weinberg, April 8, 2015; also David Gelernter, 1939: The Lost World of the Fair (New York: Free Press, 1995).

      167

      even little Lorin Maazel Allan Kozinn, “Lorin Maazel, an Intense and Enigmatic Conductor, Dies at 84,” New York Times, July 14, 2014, D10.

      170

      ”He [was] bullish ” Viola Ilma, Funk & Wagnalls Guide to the World of Stamp Collecting (New York: Thomas Y. Crowell, 1978), 137.

      171

      He was so confident Weinberg interview, March 19, 2016.

      171–72

      ”Inflation and devaluation are twin specters” Joseph L. Lincoln, “Royalty Under Glass,” Discover magazine, The (Philadelphia) Sunday Bulletin , May 30, 1976, 10.

      174

      ”Unique, the rarest and most valuable stamp” ”The World’s Greatest Rarity,” Rarities of the World 1970 (New York: Robert A. Siegel Auction Galleries, 1970), 71.

      175

      Siegel’s wife, Miriam Interview with Robert Rose, June 9, 2015.

      176

      But it went unmentioned Rarities of the World 1970, 2–4.

      176

      Small’s identity was revealed David Lidman, “British Guiana 1c Owner Identified,” New York Times, April 12, 1970, D31.

      176

      The Waldorf was where “MacArthur Plaque Unveiled at Wal dorf Towers, Marks His Residence There for 13 Years to 1964,” New York Times, January 27, 1969, 16; “James A. Farley, 88, Ran Roosevelt Campaigns,” New York Times, June 10, 1976, 1; author interview with Matt Zolbe and Meg Towner of the Waldorf, September 19, 2012.

      177

      The auction had to be moved David Lidman, “British Guiana 1¢ Brings $280,000,” New York Times, April 5, 1970, 122.

      177

      In the crowd were notables Tony Hiss, “One Cent,” The New Yorker, April 4, 1970, 34; author interview with Robert Price, April 23, 2015.

      179

      Andrew Levitt had started Levitt, Andrew, “The United States 1851 One-Cent Blue,” American Stamp Dealers Association, http://americanstampdealer.com/SubMenu%252FOne_Cent_Blue.aspx%253Fid%253D219.

      179

      Weinberg looked nervous Hiss, The New Yorker, 33; author interview with Joseph L. Lincoln, April 30, 2015.

      180

      The New York Times wrote that the Weills Lidman, New York Times, April 5, 1970, 122.

      180

      “A lot of people, including Mr. Weinberg” Hiss, The New Yorker, 34; and author interview with Tony Hiss, February 25, 2015.

      181

      “A lot of people questioned spending that much” Author interview with Ken Martin, April 30, 2015.

      181

      A customer “who has a warmth for stamps” Lidman, New York Times, April 5, 1970, 122.

      185

      The story was picked up “Irwin Weinberg Got Attached to His $500,000 Treasure; Then He Found He Couldn’t Get Loose,” People, July 10, 1978, 43.

      186

      the game show “To Tell the Truth” Chris Rosenblum, “Businessman Reflects on Brush with World’s Priciest Stamp,” Centre Daily Times (State College, Pa.), June 21, 2014.

      10. 1980: “The Man Showed Up”

      187

      Weinberg cruised Author interview with Irwin Weinberg, April 8, 2015.

      187

      A stockbroker quoted Robert Metz, “Investors Try, Try Again,” New York Times, January 8, 1979, 61.

      187–88

      New York magazine echoed “Better Than Blue Chips: Objects to Appreciate,” New York, February 28, 1979, 80.

      188

      Salomon Brothers H.J. Maidenberg, “Tangible Assets vs. Financial,” New York Times, July 16, 1979, D5.

      188

      When Stamps magazine Quoted in James E. Lee, “Where Have All the Stamp Shops Gone?” http://www.jameslee.com/news4.htm.

      189

      Weinberg’s investors Author interviews with Irwin Weinberg, April 8, 2015, and March 19, 2016.

      190

      ”The queen had only twenty cottonreels” Author interview with Victor Krievins, January 20, 2015.

      190

      Du Pont was thrilled Author interviews with Taras M. Wochok, January 19, 2015, and Robert P. Odenweller, January 17, 2015.

      191

      The mansion itself Bill Ordine and Ralph Vigoda, Fatal Match: Inside the Mind of Killer Millionaire John du Pont (New York: Avon Books, 1998), 12.

      191

      after her death Ibid., 120.

      192

      As du Pont acknowledged Tom Fox, “’Nova Wrestling Coach Du Pont Aims at an NCAA Title,” Philadelphia Inquirer, August 27, 1986, A13.

      192

      Villanova repudiated du Pont Mark Bowden and Clea Benson, “The Prince of Newtown Square,” Philadelphia Inquirer, February 4, 1996, 1.

      192

      “a triumph that was essentially bought” Jere Longman, Pam Bel-luck, and Jon Nordheimer, “A Life in Pieces: For du Pont Heir, Question Was Control,” New York Times, February 4, 1996, 1.

      192

      He was the model Mark Bowden and Clea Benson, Philadelphia Inquirer, February 4, 1996, 1.

      193

      Victor Krievins told me Author interview with Victor Krievins, January 20, 2015.

      193

      He built the Delaware Museum Bill Hewitt, “A Man Possessed,” People, February 12, 1996, 45.

      194

      he called the “magenta lady” Author interview with Victor Krievins, January 20, 2015.

      194

      Warwick Paterson Scott Paterson, “Warwick Paterson and the British Guiana 1c Magenta,” Campbell Paterson Newsletter, 2014, 3.

      194

      He provided the local police Jere Longman, “Desperate Stand in a Dream World,” New York Times, January 28, 1996, 1.

      194

      He gave one a second job Author interview with Robert P. Odenweller, January 17, 2015.

      195

      problems like excessive drinking Longman, Belluck, and Nordheimer, New York Times, February 4, 1996, 1.

      195

      Du Pont took a seat Author interview with Victor Krievins, January 20, 2015.

      196

      The bidding on the one-cent magenta Carey Winfrey, “World’s Most Valuable Stamp Auctioned for a Record $850,000,” New York Times, April 6, 1980, A1.

      196

      he sent his son Author interview with Irwin We
    inberg, April 8, 2015.

      197

      ”more fiefdom than home” Ordine and Vigoda, Fatal Match, 12.

      203

      It lay in a safe-deposit box Author interview with Robert P. Odenweller, January 17, 2015.

      205

      Du Pont filed for divorce Longman, Belluck, and Nordheimer, New York Times, February 4, 1996, 1.

      212

      Du Pont’s eccentricities worsened Ordine and Vigoda, Fatal Match, 173.

      213

      Jean could not have been his mother Ibid., 166.

      213

      people were walking behind the walls Ibid., 165.

      213

      ”a Howard Hughes–typefigure” Ibid., 264.

      214

      The man behind the counter Author interview with Steve Pendergast, May 7, 2015.

      11. 2014: “I Expected to See Magenta, and I Saw Magenta”

      218

      ”I understand you want” Voicemail message to author, May 21, 2015.

      219

      The house that Dave Schultz Kris Maher, “Du Pont Estate Remade With Luxury Homes,” Wall Street Journal, January 15, 2015, http://www.wsj.com/articles/dupont-estate-remade-with-luxury-homes-1421342284.

      220

      number one customer Author interview with Scott R. Trepel, president of Robert A. Siegel Auction Galleries, April 28, 2015.

      221

      the mystery owner “A Coin So Rare It Shouldn’t Exist Is Out of the Vault,” New York Times, August 13, 2013, A14.

      223

      ”It took me back” Author interview with Weitzman, May 22, 2015.

      225

      an operatically complicated plot Summary here is based on Joseph Cowles, “The Fabulous One-Cent Magenta,” http://www.thegoodartist.com/cbfc05.pdf.

      227

      serial number of the Author interview with Ted Wilson, January 21, 2016

      227

      ”I was told” Author interview with Allen R. Kane, May 27, 2015.

      231

      “We can capture a giraffe” Quoted in Grace Judd Banker, “Collection of Books of Stamps Is on Display,” Berkeley Daily Gazette, March 29, 1937, 12.

      231

      ”[d]uring the philatelic period” William Styron, The Suicide Run (New York: Random House, 2009), 190.

      232

      “came to think of himself as cosmopolitan” Jonathan Alter, The Defining Moment: FDR’s Hundred Days and the Triumph of Hope (New York: Simon and Schuster, 2006), 23.

      233

      the Subway Stamp Shop hauled away “About Our Company” on Subway Stamp Shop’s website, http://www.subwaystamp.com/Aboutus.asp.

      234

      “The ranks of hardcore collectors” Daniel Akst, “Selling a One-Cent Stamp for Millions of Dollars,” The New Yorker (online), April 21, 2014, http://www.newyorker.com/business/currency/selling-a-one-cent-stamp-for-millions-of-dollars.

      235

      “are like holy relics” Philipp Blom, “Collections Are Objects of Desire,” New York Times (online), December 30, 2011, http://www.nytimes.com/roomfordebate/2011/12/29/why-we-collect-stuff/collections-are-objects-of-desire.

      237

      He probably also guessed See, for example, “Marilyn Monroe Marries Joe DiMaggio,” http://www.history.com/this-day-in-history/marilyn-monroe-marries-joe-dimaggio.

      When it was issued in 1856, it cost a penny. When it was sold at Sotheby’s in 2014, the tiny square of faded red paper known as the one-cent magenta cost nearly $US9.5 million, making it the world’s most valuable object by weight.

      Printed in what was then British Guiana, one-cent magentas were provisional stamps intended for local newspapers. Most were later thrown out, but one survived. Discovered by a young boy in 1873, the stamp has since been through the hands of nine fanatical owners including an Australian-born engineer, a convicted murderer, and a fabulously wealthy Frenchman who hid it from view (not even King George V of England could get a peek).

      The One-Cent Magenta weaves a fascinating tale of obsession to own the world’s most fragile treasure, and the extraordinary characters who have loved and lost it.

     

     

     



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