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
      • #
    • Videos
    • 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
      • #
    • Obits
    • 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
      • #
    • Videos
    • 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
      • #
    • Obits
    • 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
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Business
BY NEKIESHA REID Business reporter  
August 11, 2012

Stamp dealer cashes in on Bolt-mania

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

Electricity restored after fresh outages strike Jamaica
Latest News, News
Electricity restored after fresh outages strike Jamaica
June 9, 2026
Power outages were reported across a number of parishes on Tuesday morning, marking the second major electricity failure in a matter of days. In a rel...
{"jamaica-observer":"Jamaica Observer", "breaking-news":"Push Notifications"}
Mailpac opens Barbican location in bid to ‘revolutionize customer experience’
Business, Latest News
Mailpac opens Barbican location in bid to ‘revolutionize customer experience’
June 9, 2026
Courier company Mailpac has officially opened its newest location in Barbican, St Andrew, which it says is the first in a series of strategic moves to...
{"jamaica-observer":"Jamaica Observer"}
Nintendo to remake classic ‘Zelda’ game ‘Ocarina of Time’
International News, Latest News
Nintendo to remake classic ‘Zelda’ game ‘Ocarina of Time’
June 9, 2026
PARIS, France (AFP) — Japanese games giant Nintendo on Tuesday announced a new version of beloved 1998 action-adventure classic "The Legend of Zelda: ...
{"jamaica-observer":"Jamaica Observer"}
JLP mourns passing of former councillor Lorna Leslie
Latest News, News
JLP mourns passing of former councillor Lorna Leslie
June 9, 2026
The Jamaica Labour Party (JLP) is paying tribute to former Councillor for the Denham Town Division, Lorna Joy Leslie. Leslie, the longest-serving JLP ...
{"jamaica-observer":"Jamaica Observer"}
Immigration advocates hail court rejection of Trump’s ‘unlawful’ immigration restrictions
Latest News, Regional
Immigration advocates hail court rejection of Trump’s ‘unlawful’ immigration restrictions
June 9, 2026
NEW YORK, United States (CMC) – Caribbean immigration advocates have welcomed a ruling by a United States federal district court judge that struck dow...
{"jamaica-observer":"Jamaica Observer"}
EU rejects Apple blame for delayed Siri AI rollout
International News, Latest News
EU rejects Apple blame for delayed Siri AI rollout
June 9, 2026
BRUSSELS, Belgium (AFP) — The European Union (EU) on Tuesday rejected Apple's blame for the delayed rollout of its AI-enhanced voice assistant, saying...
{"jamaica-observer":"Jamaica Observer"}
Reggae Girlz held 0-0 by Panama
Latest News, Sports
Reggae Girlz held 0-0 by Panama
June 9, 2026
Jamaica’s Reggae Girlz were held to a 0-0 draw by Panama in the second of two international friendlies at Estadio Rommel Fernandez in Panama City on T...
{"jamaica-observer":"Jamaica Observer"}
Jamaica to accord official funeral to former minister Hugh Hart
Latest News, News
Jamaica to accord official funeral to former minister Hugh Hart
June 9, 2026
KINGSTON, Jamaica — The Government of Jamaica will accord an official funeral to former Cabinet minister and prominent attorney, Hugh Hart, in recogni...
{"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