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Post Office Owes $3.5 Million For Using Wrong Statue of Liberty On a Stamp (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: A sculptor who created a replica of the Statue of Liberty for a Las Vegas casino was awarded $3.5 million in damages last week after the U.S. Postal Service (USPS) accidentally used a photo of his statue -- rather than a photo of the original statue in New York harbor -- on one of its most common stamps. If you bought a "forever" stamp between 2011 and 2014, there's a good chance that it showed the face of the Statue of Liberty replica that sculptor Robert Davidson constructed for the New York-New York Hotel and Casino in Las Vegas. The Post Office licensed a photo of Davidson's statue from the image service Getty for $1,500, initially believing it was a photograph of the original statue. (The license only covered the rights to Getty's photograph of the statue -- not the statue itself.)
The stamp with the resulting image was released to the public in December 2010; it took four months before anyone pointed out the mistake to the Post Office. In March 2011, a spokesperson said that the USPS "still loves the stamp design and would have selected this photograph anyway." The Post Office continued using the photo for almost three years before retiring it in January 2014. The court reportedly awarded Davidson a five percent royalty for $70 million worth of unused stamps; it also awarded him $5,000 in damages for the nearly $5 billion worth of stamps that were used to pay postage. The total damages amounted to $3.55 million.
The stamp with the resulting image was released to the public in December 2010; it took four months before anyone pointed out the mistake to the Post Office. In March 2011, a spokesperson said that the USPS "still loves the stamp design and would have selected this photograph anyway." The Post Office continued using the photo for almost three years before retiring it in January 2014. The court reportedly awarded Davidson a five percent royalty for $70 million worth of unused stamps; it also awarded him $5,000 in damages for the nearly $5 billion worth of stamps that were used to pay postage. The total damages amounted to $3.55 million.
the value of the picture on the stamp is decorative; So a few pennies worth of the stamp's price can be attributed to its aesthetic value, and then 5% of that few pennies' worth per stamp is a reasonable royalty: not 5% of the total postage.
Even a few pennies is vastly overstated.
Approximately ZERO percent of the value of the stamp, ignoring the statistically insignificant philatelist community, is the picture on it.
As a rule, nobody buys the stamp for the picture, or even looks at it before purchasing a book. At the most, if there are multiple options they might chose one over the other, but not a single additional sale would be made or not made regardless.
--- Mercutio was right.