Bill Gross Is Downsizing

The Bond King’s bachelor pad has no room for $10 million worth of stamps.
Photo: Bob Riha Jr/Getty Images

Photo: Bob Riha Jr/Getty Images

Bill Gross may never retire, but that does not mean that he has no work-life balance. Far from it, for the Bond King is a man of many varied interests and diverse hobbies. He’s a devoted parent. He’s a dog and cat lover. He’s a feminist and a comedian (unfortunately, at the same time). He’s a dancer. He dabbles in philosophy and contract law. He exercises a bit. And, of course, he’s a writer—a poet, an essayist and a brainteaser pioneer.

But outside of the office, Bill Gross is above all things a philatelist. One of the benefits of earning nine figures per year is you can build up a sweet enough stamp collection to sell offchunks of it off and still be the envy of your peers. But two years after winning the National Postal Museum’s Philatelic Achievement Award, Bill Gross is moving on. It’s unclear whether the decision to end a lifetime of stamp collecting is the result of his changed life circumstances, if his perforated pals lost out to his showering affinity or if the end has finally arrived for a man who once said, “stamp collecting has always been a means to an end for me.” Whatever that means, the end should be Gross breaking his own stamp auction record.

Scott Trepel, Siegel’s president, expects that initial sale to raise more than $9.1 million, breaking the record—also held by Mr. Gross—as the biggest single-day stamp auction. He had sold his British collection for that price in 2007….

Mr. Trepel said he didn’t think Mr. Gross would ever part with his stamps. In the past year, though, he began to ask Mr. Trepel if there was a healthy supply of items for collectors eager to buy.

“He said he wants to return this to the markets and let other collectors have fun,” Mr. Trepel said.

Bill Gross to Sell Rare U.S. Stamp Collection for More Than $9 Million [WSJ]