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Shanahan Stamp Auctions

THE reason we were told fairy tales at our mother's knee was not just to keep us quiet. Our parents chose each story carefully, making sure there was a moral to every tale. It's a pity we don't heed them more often.

Take, for example, the unfortunate affair of Shanahan Stamp Auctions. Once upon a time, back in 1954, a man named Paul Singer decided to make his fortune in Ireland after his business collapsed in the UK. He approached a reputable family auction house run by the Shanahan family and persuaded them to join him in a new venture: buying and selling stamp collections.

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