Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Business, Olympics 2012, Sports
BY NEKIESHA REID Business reporter  
August 11, 2012

Banking on Bolt

American company boosts revenues on US$35,000 photographs of sprint king

AUTOGRAPHED pictures of Usain Bolt disappeared from London shelves as he became the first man to win both the 100- and 200-metre titles at consecutive Olympic games.

Signed photos of Bolt sold out at US-based stamp dealer Stanley Gibbons Group Plc (SGI) last Monday, a day after Bolt set an Olympic record in the 100-metre race, according to the American magazine, Businessweek.

Increasing the cost of the pictures to £250 ($35,000) — more than double what the first set cost — still did not prevent customers from storming the dealer again after the 25-yearold athlete won the gold medal in the 200 metres on Thursday.

“It was a good investment,” CEO Michael Hall told the publication, adding that the London games are expected to boost SGI’s revenue by five per cent.

SGI’s gross profit increased by eight per cent to £1.8 million ($250 million) for the first half of the year, Businessweek reported, with gold coins and other Olympic commemorative items sold to Chinese customers earning the company an additional £500,000 ($70 million).

SGI specialises in the retailing of collectable postage stamps and has been around for a 156 years.

However, it may soon move away from retailing and into service where it will be able to receive higher commission rates, Hall said.

The risk of higher interest rates rising over the long-term means SGI wants to have less stock.

Instead, the company aims to take further advantage of the US$10 billion stamp-collection market by zeroing in on lowervalue collectors and establishing an online trading community like EBay, he said.

“It’s a collector market that’s rising,” Hall said. “They are building a collection but they also see it as a store of wealth, and the ease of access to buying online has made the market more liquid.”

In the meantime, Great Britain’s performance at the Olympics has boosted SGI’s stamp sales, the company said, since more stamps sheets than was expected sold because of the team’s medal tally.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Eight dead as tornados surge across central US
International News, Latest News
Eight dead as tornados surge across central US
March 7, 2026
WASHINGTON, United States (AFP) — Tornadoes tore through the central United States (US) in a series of storms that continued into Saturday, leaving ei...
{"jamaica-observer":"Jamaica Observer"}
Trump convenes Latin American leaders to curb crime, immigration
International News, Latest News
Trump convenes Latin American leaders to curb crime, immigration
March 6, 2026
MIAMI, United States (AFP)—United States (US) President Donald Trump will meet Saturday with a dozen right-wing leaders from Latin America and the Car...
{"jamaica-observer":"Jamaica Observer"}
Cuba says Jamaica bowed to US pressure to withdraw medical professionals
Latest News, News
Cuba says Jamaica bowed to US pressure to withdraw medical professionals
March 6, 2026
KINGSTON, Jamaica—Cuba's Ministry of Foreign Affairs says it regrets the decision by the government of Jamaica to discontinue the current arrangement ...
{"jamaica-observer":"Jamaica Observer"}
Douglas, Reid crowned 100m Under-20 champions at Carifta Trials
Latest News, Sports
Douglas, Reid crowned 100m Under-20 champions at Carifta Trials
March 6, 2026
KINGSTON, Jamaica—Shanoya Douglas and Riquelme Reid stole the show on day one of the Jamaican Carifta Games Trials with scintillating displays to be c...
{"jamaica-observer":"Jamaica Observer"}
Vybz Kartel, Mavado to share Reggae Sumfest stage
Entertainment, Latest News
Vybz Kartel, Mavado to share Reggae Sumfest stage
March 6, 2026
KINGSTON, Jamaica—Dancehall artistes Vybz Kartel and Mavado are set to share the Reggae Sumfest stage on July 18, 2026, at Plantation Cove in St Ann. ...
{"jamaica-observer":"Jamaica Observer"}
Paulwell calls for strategic action to unlock rare earth minerals from bauxite residue
Latest News, News
Paulwell calls for strategic action to unlock rare earth minerals from bauxite residue
March 6, 2026
KINGSTON, Jamaica—Opposition Spokesperson on Energy and Telecommunications, Phillip Paulwell, has highlighted the economic benefits that can be derive...
{"jamaica-observer":"Jamaica Observer"}
Blu Cantrell’s Breathe featuring Sean Paul, is 3x platinum in the UK
Entertainment, Latest News
Blu Cantrell’s Breathe featuring Sean Paul, is 3x platinum in the UK
BY KEVIN JACKSON Observer Writer 
March 6, 2026
KINGSTON, Jamaica—When American R&B singer Blu Cantrell released her sophomore album Bittersweet in June 2003, it contained two Jamaican elements. The...
{"jamaica-observer":"Jamaica Observer"}
Dayton Campbell presses Gov’t on imports, markets and agro park performance
Latest News, News
Dayton Campbell presses Gov’t on imports, markets and agro park performance
March 6, 2026
KINGSTON, Jamaica—Opposition Spokesperson on Agriculture and Food Security, Dayton Campbell, on Friday raised concerns about food supply stability, po...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct