Bill Gross collection on the block in New York

A large part of bond investor Bill Gross' $42 million stamps collection - which he began building after a collection his mom gave him as a high school graduation present turned out to be worth less than its face value - will be on the block in October at Robert A. Siegel Auction Galleries in New York City. Charles Shreve, Gross' philately adviser and director of the auction house, noted that his client collected stamps to prove that his mother was right - that buying stamps can be fun and make money. She just bought the wrong ones. Gross is a co-founder of of PIMCO, one of the world's largest bond managers, and is worth $2.5 billion according to Forbes. He quit the Newport Beach, California based firm in 2014 and joined Janus Henderson Investors, where he runs a $2.1 billion bond fund. On the block will be a block of six mint US #2s. While I'm not a bidder, not even an under bidder on this, I can at least be a viewer. And here's where I can catch a glimpse of these rarities before they get snatched up: Robert A. Siegel Auction Galleries, Inc. 60 East 56th Street, 4th Floor New York, New York 10022 Phone: (212) 753-6421 Fax: (212) 753-6429