Friday, March 27, 2020

Connoisseurs of British railway securities will be thrilled at Boone's next scripophily auction

The 64th auction of Mario Boone takes place online with an exceptional range of high quality collectibles. Nearly 1,700 antique stocks and bonds spanning 4 centuries of financial history represent about 100 countries.

Boone's next auction is set for 4 April 2020. Included are many genuine founder shares from famous companies. This is one from the Assicurazioni Generali Austro-Italiche. 

The very first share from the world famous Generali insurance company

Following the Napoleonic Wars, Trieste became the main trading port and shipbuilding centre of the Austrian Empire. There insurance expert Joseph Lazarus Morpurgo founded the Assicurazioni Generali Austro-Italiche in 1831. His company provided insurances against risks of marine and land transport, flood, fire, and much more, hence the name GENERALI.  One of its notable employees was writer Franz Kafka who worked for Generali in Prague in 1907 and 1908. This is Generali's share number 1, issued in Trieste, 1832, and signed by Morpurgo. Lot 943 in the auction is a top item for any scripophily collector of insurance companies or Italian/Austrian finance history. 

Connoisseurs of British railway securities will be thrilled. More than 120 lots come from an old collection that illustrates the rich and pioneering history of British railways. Even if you are not into railway scripophily, this is an exceptional opportunity to check out this series (lot range 789 through 914). Let me mention here a few of these gems :
  • L793 Blaydon, Gateshead & Hebburn Railway, stunning vignette; 
  • from Ireland, L804 River Line, Cork Blackrock and Passage Railway
  • L803 Clarence Railway, 1828!; 
  • L809 Durham and Sunderland Railway, rare, wax seal;
  • Another stunning vignette can be seen on a Liverpool and Manchester Railway certificate, 1826!, L845. 
  • L877 comprises a share from as early as 1804 - eighteen hundred and four !!! - issued by the horse-operated Oystermouth Rail-Way or Tram-Road. This company commenced to carry passengers in 1807. 

Monmouthshire Railway and Canal Company share transfer certificate with large vignette of train and barge approaching bridge

The Monmouthshire Railway and Canal Company operated a canal and a network of railways in south-east Wales. It started as the Monmouthshire Canal Navigation and opened canals from Newport to Pontypool and to Crumlin from 1796. The unusual large vignette on this 1854 share transfer certificate shows a train and a horse-drawn barge nearing a canal bridge. Click to enlarge image, L869 in the auction. 

Auctioneer Boone provides an extensive catalog for this sale with every lot described in detail (download link see below). Among the nearly 1,700 antique securities you'll find hundreds of little masterpieces. Their designs reflects the art style in vogue and often include vignettes from illustrators. Some examples :
  • L422 Comptoir de la Bourse de Bruxelles, illustrated by Charles Posch
  • Constand Montald's work can be seen on L443, Grands Magasins à l'Innovation, Bruxelles 
  • Oriental elements are abundant on L384 Société Foncière de Syrie
  • L691 Gewerkschaft "Deutsche Nickel-Gesellschaft" displays a super mining vignette
  • My favorite Art Deco share is the 100 Gulden share from the Nederlandsche Bakkerij-Centrale, Amsterdam, 1917, a work by Johan Rudolf Bonnet created before he went to live in Bali, L972

multicolor printed share in the Anatolian Rug Manufactoring Company from Greece

A little masterpiece is this 25 shares certificate from The Anatolian Rug Manufacturing Co. Ltd., Athens, dated 1924. Printed in multicolor by Aspiotis Brothers, banknote printers from Corfu, the share is adorned with oriental elements and shows carpet knotters at work. Despite their obvious activities, the scene is filled with silence. Click the image to enlarge, one of them noticed your attention. L924 in the sale

The catalog's comprehensive country index lists nearly 100 countries. In particular large sections (each containing between 40 and 250 lots) are Belgium, France, Germany, UK, Romania, Russia, Sweden, Australia, Netherlands Indies and the USA. Scripophily from less obvious, often exotic places, like British North Borneo, Iraq, Djibouti and Suriname is present as well.

Chile's Government Junta proclaimed Chile as an autonomous republic within the Spanish monarchy in 1810. Eight years later Chile declared its independency in 1818 which would only be recognized in 1844. The Anglo Chilian Mining Association, formed in London, 1825, is one of the earliest companies formed in the new state. L1519 in the auction.

It is impossible to mention all items in this sale, but there is a way to find out more about them. Here are the auction details :
  • Location : Internet only
  • Date : 4 April 2020
  • Further info : 


PS This auction also includes the first part of a unique collection of Indonesian scripophily (ca. 250 lots! ). Find out more about this here .

Boone's 64th auction catalog includes also an index of collecting themes (besides countries). The sports entry refers to more than 20 shares, including this French 1911 share in the Olympic Tennis Club de Wimereux, Boulogne-sur-Mer. Lot 610 

Friday, March 20, 2020

Selamat pagi ! Boone auctions Indonesian scripophily

Mario Boone's 64th auction takes place on 4 April. The sale offers about 1,700 lots of antique stocks and bonds from all corners of the world. I'll come back to these in a follow up post but now I want to discuss a unique scripophily collection that is part of the sale. 

aandeel uit 1895 van de Kediri-Stoomtrammaatschappij, Kediri Steam Tramway Company share from 1895

Boone's upcoming sale features the first part of a unique collection of Indonesian scripophily. This is a 1895 share from the Kediri-Stoomtrammaatschappij. The company, founded in the same year, ran a steam operated tramway service connecting Kediri with Pare and Jombang, East Java. Tens of sugar factories from the surrounding area used the line to deliver their produce in Kedira, a sugar trading hub. Lot 245 in the auction

Boone's upcoming sale includes the first part of an extraordinary collection of bonds and shares related to Indonesia's colonial history. This time almost 250 lots will be auctioned from many economic themes like mining, oil extraction, tobacco, agriculture, coffee, tea, sugar, rubber, forestry, construction & building, banking, insurance, shipping, railroads & tramways, transport, trading, shops, electric-water-lighting utilities, and more.

The Maatschappij tot Exploitatie van de Suikeronderneming Koning Willem II was founded in 1891 with a capital of 492,000 Gulden divided into 984 shares. Its sugar factory was located in Sidoardjo. L117 

Indonesia is a quite impressive country. Its name origins from the Greek words Indos (Ἰνδός) and nesos (νῆσος), meaning "Indian" and "islands". More than 17,000 islands are home to about 270 million people (2018), more or less 1/3rd of the population in Europe. Indonesians use about 540,000 kilometers of roads. The country occupies an area of 1.9 million km2, that is roughly 1/5th of Europe. Unlike Europe, the islands count 400 volcanoes, around 130 are active. Their eruptions in the distant past produced fertile lands, ideally suited for farming and coffee and tea estates. 

Lot 292 consists of a 1949 share and this preference share, 1937, both specimens, from Heineken's Nederlandsch-Indische Bierbrouwerij Maatschappij, Surabaya. The brewery company makes one of Indonesia's most popular beers, Bintang.

The collection covers dozens of locations from different islands, e.g. Java: Jogjakarta, Magelang, Besuki, Japara, Sidoarjo, Surabaya, Madoera, Probolinggo; Borneo: Benkajang, Balangan; Sulawesi: Pagoeat, Belang; and Sumatra: Tjenako, Langkat, Medan, Tamiang. Many more places and districts can be found in the catalog's lot descriptions.

NV "Prauwenveer Kalimas" from Surabaya operated a ferry service with Indonesian proas, L263

Auction details

  • Location : Internet only
  • Date : 4 April 2020
  • Further info : 
    • online catalog & bidding here, or via the Invaluable platform
    • PDF version of the catalog there 

From the Indonesia collection : a 1912, Art Nouveau style, share from Les Huileries de Sumatra, a palm oil producer. Lot 212 in the sale.

NB : The latter image is for a short period available as an online jigsaw puzzle, check that out here.