Bill Gross is best known as the manager of Pimco, the world’s biggest bond fund. But in the world of philately, he’s just as renowned for his fabulous collection, a portion of which will be on view when New York’s Spink Shreves Gallery auctions choice selections for charity.Â The 159 lots from Western Europe and its Colonies are expected to raise more than $1 million for Medecins Sans Frontieres or Doctors Without Borders.
Rick Penko of the 344-year-old auction house describes the stamps to be offered on May 19 asÂ “iconic.” Of particular note is a rare French 1849 “Tete-Beche” pair of stamps, with two faces, one inverted, estimated to fetch as much as $420,000. This will be the sixth time in three years that Gross has sold portions ofÂ his collection for charity. The first auction in June 2007 raised $9.1million, also for the benefit of Doctors Without Borders.