Wednesday, October 31, 2012

Stanley Gibbons buys BidStart stampwants.com for $1 million

Elsewhere today, specialist stamp firm Stanley Gibbons (LON:SGI) revealed it had beefed up its US collectables business with the acquisition of online group Stampwants.com for US$1 mln.

The US group, which trades under the bidStart brand, operates a collectables platform focused on stamps and postcards and using its own customised search engine.

There are more than 6.4 million lots available for sale on bidStart, 3 million of which are stamp lots, Gibbons said.