Stamp auction raises Rp 20m

Stamp auction raises Rp 20m

YOGYAKARTA (JP): Gadjah Mada University in Yogyakarta raised
Rp 20 million in an auction of stamps bearing the university's
pictures on Monday.

The auction's chief organizer, Toni A. Dharoko, said that
during the event four stamps were on offer. Among them were ones
signed by university rector Ichlasul Amal, which sold for Rp 8.75
million, and others signed by Yogyakarta monarch Sultan
Hamengkubuwono X, which went for Rp 4.1 million.

The auction was held in cooperation with the Directorate
General for Post and Telecommunications, which launched the
limited editions of the two stamps with a face value of Rp 500
and Rp 1,000 respectively.

Director General of Post and Telecommunications Sasmito Dirdjo
said in his speech, read by the head of Yogyakarta's Ministry of
Communications, CH Munandar, that the stamp was the first to be
dedicated to a university in the country. (44/edt)