Showing posts with label horses. Show all posts
Showing posts with label horses. Show all posts

Wednesday, September 21, 2022

Over 1500 lots of historic securities go on the block in FHW's upcoming sale, including an amazing share from Frederick the Great's Chinese trading company !

Freunde Historischer Wertpapiere (FHW) has scheduled its next sale for October 8, 2022. This time the auctioneer selected more than 1500 lots of historic bonds and share certificates. Major sections have been reserved for scripophily from Germany, the German DM era, USA and a series of more than 200 lots from other countries worldwide.



One of the highlights in the sale is this share in the Hippodrom-A.-G. Frankfurt am Main. The company was founded in 1897. Its main building was used to promote equestrian sports in public events and festivities and had the largest indoor riding arena of Germany. Allied bombing destroyed the hippodrome during WW II. Reportedly only four of these shares were discovered in the 1980s. L(ot) 756 in the auction is expected to realize €2,800. 


The German chapter presents over 750 lots from the pre-DM period and covers all regions and branches. A dedicated Deutschland Top 20 section, lot range 748-767, bundles the high-end items.  The auction also includes the Klaus H Reifenrath Collection consisting of 69 rare Kux and mining shares from the Siegerländer Erzrevier mining area.



The auction includes several shares designed in Art Deco. This one, issued in 1922 by the Mechanische Buntweberei J. Sim. Fleißner Aktiengesellschaft, a textile company from Münchberg, illustrates one of the company's modern fabric designs. L730 starts at €100. 


All lots are well-illustrated with high quality images on the Invaluable online platform. However, the Top 20 section includes even more in-depth information with extra illustrations in the catalog's PDF version (links see further below). 

Some examples from the German chapter  :
  • The Central-Afrikanische Seeen-Gesellschaft operated gold mines and saltworks in the African Great Lakes region, then part of German East Africa. Seeen is German for lakes. This 1000 mark share was issued in Hamburg, 1902 and starts at €900, L384.
  • The 1855 share from the Steinkohlenbau-Verein zu Rochlitz, a coal mine company, shows the city of Rochlitz, gnomes at work and an explosion in their mine, mined rock with imprints of fossilized plants and lots more. Extremely rare, this is in my opinion the most awesome German share certificate. L763, a top item, starts at €9,000.
  • L926 starts at €320. The share from the Sundwiger Eisenhütte Maschinenbau-Actiengesellschaft displays a lovely Jugendstil design.

Time to highlight the absolute top item in the auction.



Four years after Frederick the Great became King in Prussia he annexed in 1744 the independent city-state of Embden (Emden), then the most important trade port on the North Sea. Eager to give Prussia a share of the Asian trade similar to the V.O.C. or the British East India Co., Frederick the Great granted the privilige in 1751 to found the Emden Trading Company
The company, also known as the Königlich Preußische Asiatische Compagnie in Embden nach Canton und China (Royal Prussian Asiatic Company in Emden to Canton and China) was allowed to conclude contracts with foreign Asian rulers in the name of the King of Prussia. The Emden company owned four ships that made six voyages to Canton bringing back tea, porcelain and other goods. 
The company operated independently - the king's main interest was filling the Prussian (war) treasury - and became the first modern German stock corporation, i.e. without state influence.


The share, L760 in the auction, issued in 1752 for 500 Reichsthaler in Friderichs d'Or is the oldest German share known. 
It is also the oldest share in the German language. A complete translation of the text on the obverse, as well as a hint on its non-German provenance, can be found in the latest issue of Scripophily magazine, No. 119 August 2022. 
The clipping shown here says [..the Company's ships which shall sail] to Canton in China as well as other places in India .. . The document must be the oldest known share mentioning the word China as well. Start price €50,000.


The sale's Deutsche Mark section comprises of more than 230 lots, including a Top 20 chapter. To mention a few : L1146 is a 20 shares certificate in the Erste Kulmbacher Actienbrauerei AG (EKU), 1990, showing the company's logo with crown and prize medals, €75; L1249 Teutoburger Wald-Eisenbahn-Gesellschaft, Hamburg, 1951, unissued share, starts at €200. 



The Aachener Kleinbahn-Gesellschaft and the Rheinischen Elektricitäts- und Kleinbahnen AG merged in 1942 into the Aachener Strassenbahn und Energieversorgungs-AG (ASEAG). The company provided local public transport in the Aachen city region. During the Battle of Aachen, 1944, Allied troops used tramcars loaded with explosives and ammunition as rolling bombs on the sloping routes from Siegel and Grundhaus to the city center, which, however, caused little damage. This share, from 1954, shows a high voltage power pole and tram car in the underprint. Bids for L1088 are welcome from €40 onwards. 


The USA section features more than 200 lots. Here are some interesting examples to look for:
  • L1429 is stock certificate in the Lamb's Run Oil Company coming from an old collection. Printed by Chandler from Philadelphia, 1865, it shows two vignettes of early oil derricks. The company was incorporated in Venango County, Pennsylvania where the biggest oilboom sparked only a few years earlier. €100
  • Confederate States of America, 8% $100 bond from 1862, large vignette of the city of Richmond and portrait of C. G. Memminger, L1378, €300
  • €380 may buy you a Laramie, Hahns Peak and Pacific Railway Company 100 common shares certificate issued in 1912. The company was incorporated in Wyoming. The shares of this company are illustrated with 3 vignettes of a locomotive, lumberjacks and miners at work, Cox cat nr LAR-083-S-51. L1430



This share from the Compañia Ron Bacardi can be found in the sale's Ausland section (foreign countries). The company was founded in 1862 in Cuba and became worldwide known for its white rum and derived cocktails such as the Cuba Libre and the Daiquiri. The share depicts bats, the company logo, a bottle of Bacardi rum and many of its prize medals won at contests. It is issued to Emilio Bacardi y Rossell, great grandchild of Facundo Bacardi Massó, founder of Bacardi, and grandchild of Emilio Bacardi Lay, mayor of Santiago de Cuba. Note that the certificate was issued in 1955 during the Cuban Revolution. The Bacardi family left the country in 1960 after the government confiscated the company's assets in 1960. L102 starts at €150. 


There is a lot more to discover in the sale, so here are the details :


F.L.


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Sunday, October 25, 2015

La Belle France under the hammer


Lot 400 Compagnie Générale des Services Publics de Paris et la France
This 1906 founder's share shows the map of France in the underprint 
surrounded by not less than 10 coats of arms of French cities : Paris, Marseille, 
Toulouse, Bordeaux, Rouen, Nice, Nantes, Lyon, Lille and St. Étienne.
double-click image to enlarge


Next Friday and Saturday, Mario Boone's 55th international auction of antique stocks & bonds will take place in the heart of Brussels (Hotel NH Carrefour de l'Europe). I've announced this event in my previous post. This time, I want to bring to your attention a special collection to be auctioned during the happening.

Lot 368 : Société de Constructions de Levallois-Perret
Certificat nominatif d'actions de 100 Francs, issued 1939
Formed Paris, 1893, as successors to Compagnie des Etablissements Eiffel
Rarity indication R10 (3-5 pieces known)

Société de Constructions de Levallois-Perret
detail from the certificate above
1866 Gustave Eiffel set up his own engineering office
 at 48 Rue Fouquet in Levallois-Perret. The street
was later renamed into Rue Gustave Eiffel.

France, a Walhalla in scripohily
There is no other nation that has left us so many decorative bond and share certificates like France. For many years, I've been studying auction guides, and I don't think that other countries count more artists, engravers or lithographers. I started to believe I had a good idea of what French scripophily could offer. Boy, am I wrong ! Splendour .. amazement .. rarity .. significance .. these are words that instantly crossed my mind when flipping through this collection's catalogue.

1899 share certificate of the Société de l'Ascenseur de la Terrasse de Saint-Germain-en-Laye
Lot 360 : Société de l'Ascenseur de la Terrasse de Saint-Germain-en-Laye
Share of 100 francs, 1899, Paris

Société de l'Ascenseur de la Terrasse de Saint-Germain-en-Laye
detail from the certificate above
design by Ch. Lapierre and engraving by A. Napier
printed by Imprimerie G. Richard
La Belle France
In this special auction 500 French stocks and bonds will be sold separately. The collection was brought together over a period of 25 years by an European collector, wishing to stay anonymous. Auctioneer Mario Boone says : “In my view, the greatest joy that comes with being an auctioneer is the privilege that one gets to see, catalogue and research truly superb collections such as this one. Despite being a leading auctioneer of French scripophily since many years, I have never before come across so many rarities and novelties as in this collection. That we can auction this collection, which has been built and treasured for decades, is deeply honouring.”

Lot 291 : Revillon Frères
500 francs share, Paris 1908
The company had fur shops in Paris, London, New York,
Moscow, Montreal and elsewhere
Only two pieces known according to the auctioneer

Revillon Frères
detail from the certificate above
grandiose design by A. Antigue
printed by Imp. Lahure

À chacun son goût
The collection covers three centuries, all major industries and themes and is also geographically most interesting. It includes not only, as mostly seen, Paris-issued shares, but also many pieces from other French cities and departments. Besides French colonial shares, the auction contains sections with French companies operating in Australasia, Asia, Africa, Europe, Latin and North America including California Gold Rush certificates. 

Lot 171 : Société Anonyme pour l'Amélioration, l'Education et
la Vente des Chevaux de Luxe de Race Française

Action de 1000 Frances à un quatre centième, 1837

Société Anonyme pour l'Amélioration, l'Education et la Vente 
des Chevaux de Luxe de Race Française
detail from the certificate above
Design and lithography by Ferdinand Séré
Printed by C. Adrien from Paris

Practical info 

  • Auction date: 30 October & 1 November 2015 
  • Place: Brussels, Belgium
  • Further info, see here  


Lot 82 : Entreprise de Déchargement des Ports de Paris
100 Francs share, 1924, Paris
printed by Imp. Spéciale pour Titres

100 Words to improve your French scripophily skills
If you start collecting stocks and bonds from France, you need to learn a bit of French. Many words can easily be understood because they are written similarly to the corresponding word in English. Some examples : automobiles, fruits coloniaux (colonial fruit), banque (bank), compagnie (company), edit (edict), funiculaire (funicular) and navigation.
However, other expressions are less obvious to derive. Here is a list of 100 French terms that you will observe sooner or later on those nice papers. You will also find out that the French language often provides words that are pleasant to pronounce, e.g. tuilerie and messagerie fluviale

F.L.

Lot 361 : Société Pyrénéenne d'Entreprises
500 Francs share, 1919, Paris
The company was founded in 1919 to make dams,
hydroelectric facilities and bridges in the Pyrenees.
printed by Union des Arts Graphiques