Chinese boom in stamp collecting

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(17 Aug 2011)
AP Television
Hong Kong - August 11, 2011
1. Close of envelope with China''s Cultural Revolution period stamps
2. Close pan of envelope with China''s Cultural Revolution period stamps
3. Wide of display stand of envelope with China''s Cultural Revolution period stamps
4. Wide of Zurich Asia Managing Director Louis Mangin holding up sheet of Red Monkey stamps
5. Close of sheet of Red Monkey stamps
6. Tilt up of sheet of Red Monkey stamps on display stand
Hong Kong - August 14, 2011
7. Mid of auctioneer on podium, UPSOUND:
"Lot number 1727, one point two. Shout it out first, I will take one point two from here."
8. Wide of screen showing auction item lot 1727, a complete sheet of Red Monkey stamps,
9. Wide of a bidder raising his number card
10. Mid of auctioneer on podium with UPSOUND:
"At a very fair final warning, 1.25 (m) million HKD (USD 160-thousand), thank you very much" (APPLAUSE)
11. Various set ups of Yeung Ming, Hong Kong stamp collector
12. SOUNDBITE (Cantonese) Yeung Ming, Hong Kong stamp collector:
"There have been many multimillionaires in mainland China in the recent five years. Their consumption concept is different from ours. They are willing to spend money in exchange for time. They will not wait like we did ten years ago. For example, the market price of the item could be 100-thousand (HKD) dollars (USD 12,830) but they will pay 120-thousand (HKD) dollars (USD 15,400) or 130-thousand (HKD) dollars (USD 16,680) in order to be able to get it immediately. The consumption model has changed."
Hong Kong - August 11, 2011
13. Mid of Zurich Asia Managing Director Louis Mangin holding up stamp named "The Whole Country is Red"
14. Close of Zurich Asia Managing Director Louis Mangin holding up stamp named "The Whole Country is Red"
15. Close of the stamp named "The Whole Country is Red"
16. Wide of cameramen and photographers taking shots of stamps
17. Wide of Zurich Asia Managing Director Louis Mangin holding up 1949 Republic of China (Taiwan) "Flying Geese" stamp
18. Close of "Flying Geese" stamp
19. Wide of auction staff arranging stamps on table with China 1956 "Views of Peking" stamp on display
20. Mid of display stand holding "Views of Peking" stamp
21. Close of "Views of Peking" stamp
22. SOUNDBITE (English) Louis Mangin, Managing Director, Zurich Asia:
"Maybe ten years ago the China market, the Chinese stamp market, was mostly based here in Hong Kong - Hong Kong collectors, Singapore, Taiwanese collectors, and gradually over the years, the mainland China buyers are representing a bigger and bigger proportion, because they have more buying power, more growth, they have more wealth, and they''re pushing up the prices, it''s all going back to mainland China."
Hong Kong - August 12, 2011
23. Wide set up of Anna Lee, Vice President of The Hong Kong Philatelic Society, showing set of high value Asian stamps
24. Close of Anna Lee showing high value group of four stamps from mainland China, dated 1915
25. SOUNDBITE (English) Anna Lee, Vice President of The Hong Kong Philatelic Society:
"Stamps are definitely a good form of investment, but you have to have the knowledge. Stamps are not like paintings, or antiques, you know, when you can buy something that you like, you can enjoy it at home, you can look at it, you feel good about it. Stamps are a little one-inch piece of paper, and sometimes even tatty-looking. But, the value is in its history, you know. You have to enjoy stamp collecting, you have to have the cultural background or whatever, you have to know the history aspects, before you understand it."
Hong Kong - August 11, 2011
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