Friday, January 13, 2023

"Auction Explosion!" says Scripophily magazine

Scripophily is the world’s most comprehensive and insightful publication for passionate collectors and active researchers of antique securities. 

The magazine uncovers the stories and features of historic and artistic securities. It brings tales of famous and forgotten business plot twists and memorable personalities. In addition, reports from the auction markets help you to stay up-to-date.

Scripophily, a three-yearly periodical, printed on high quality paper, is the flagship of The International Bond and Share Society (IBSS). 

Here is an overview on the topics brought in the latest issue :
  • Events Calendar 
  • Michigan Copper Mining Stock Discovered
  • Boone To Celebrate 40 years with International Scripophily Event in Antwerp
  • Earliest known German Stock Hammered Down at 72,000 Euros
  • Bang-Up Scripophily at Bonhams New York
  • National Show Back on Track! (27 & 28 Jan 2023, Crown Plaza-Dulles Airport)
  • Banks in Transition: From Counters to Apps (Swiss Finance Museum new exhibition) 
  • Address on Stock Leads to Present Day 
  • eBay Seller Name Fraudulently Used to Pitch Scam
  • Letter to the Editor 
  • Lingenfelter Collection Donated to the University of California at San Diego 
  • EDHAM wins Wikipedia Award and awards Professor Wanner Prize 
  • $2.4 Million for one Bond (Marchel Duchamp at Christie's)
  • The Winpennys of Manyunk
  • Specialization in Our Hobby
  • Deutsche Bank Part III: Shares in Deutsche Bank as a Mirror of German Currency History
  • W. Y. O. D. and Other Strange Mining Company Names
  • Modernizing Certificates 
  • Agua Suja Mining Co., Ltd - Diamonds in Brazil 
  • Charles Yerkes and the West Chicago Street Railroad

Until 2010 LLoyd Aéreo Boliviano was the principal airline of Bolivia. Founded in 1925, LAB is one of the earliest airlines in the world. This share, issued in 1926 La Paz, sold in HWPH's Sep 2022 auction for €160. 

In its current issue Scripophily reports on exceptional auction activity from recent months. Five-digit amounts are hammered for top historic items, such as:
  • John D. Rockefeller Standard Oil Company founders' stock certificate (Bonhams, $28,000)
  • the oldest known German share certificate from the Embden Asiatic Company which traded with China (FHW, €72,000)
  • Oost-Indische Compagnie aka V.O.C. bond (HWPH, €40,000)
  • the oldest loan of the City of Antwerp from 1558 (Booneshares, €36,000) 
  • Nikola Tesla owned share in the Nikola Tesla Company (Bonhams, $28,000) 
  • and a share owned by Frederick-William III of Prussia (HWPH, €25,000) 
More details and images on these recent scripophily highlights, and many other discoveries, can be found in the 48 pages counting December issue.

Subscribing to IBSS's magazine costs you only £28, $35 or €32. What are you waiting for ?
All the info can be found here .


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Tuesday, December 27, 2022

The most expensive share sold at auction in 2021

In its last Summer edition, Scripophily magazine lists the top 25 scripophily auction lots from 2021. Ranked on number one is a share from the Compagnie des Indes Orientales. It was issued as early as 1665.

This Compagnie des Indes Orientales share was offered at auction in Antwerp by Booneshares on 16 October 2021. Starting at €44,000 it rose to €120,000. 
image courtesy Booneshares 

It was the French minister of finance, Jean-Baptiste Colbert, who founded in 1664 the Compagnie des Indes Orientales with authorization of Sun King Louis XIV.  The purpose of the company: to compete against the English and Dutch colonial trading companies.

The company was granted a 50-year monopoly of French trade in the Indian and Pacific Oceans, from the Cape of Good Hope to the Straits of Magellan, with a concession in perpetuity for Madagascar and ‘all other islands and lands it could conquer’. The company also had to build churches and train priests in its territories.

This certificate was issued in 1665, an eventful year:  the Second Anglo-Dutch War begins, King Charles II of England leaves London fleeing the Great Plague, the Qing invasion of Taiwan fails due to a typhoon, and the Compagnie des Indes Orientales sends twenty settlers to start the colonisation of Réunion.

The blazon of the Compagnie des Indes Orientales includes the Latin phrase Florebo quocumque ferar. Meaning 'I will flourish wherever I go' it became the motto of Réunion Island. 

The company had interests all around the coasts of Africa, Madagascar, Réunion, the coasts of the Arabian Peninsula and India, as well as islands in Southeast Asia, even China and Japan. Several ‘comptoirs’ were established in various parts of India such as Puducherry and Chandannagar. Especially Indian cotton was in demand on the French market.

In 1720 the Indes Orientales merged with John Law's Compagnie d'Occident to form the Compagnie des Indes.

The certificate is the oldest French share known today, as well as the oldest one from a company active on the Peninsula of India. It is also the oldest share ever offered at any auction world wide. 

The share was printed as a standardized form and issued for 6000 French Livres, 2000 Livres been paid. Its features include transfers of ownership, hence it was tradeable and transferable. 

Only two other certificates like this one are known to have survived. Being one of the top items at the Swiss Finance Museum, this is the only one that is on display for the public.

Bidding started at €44,000. The hammer fell at €120,000 and that's without buyer's premium.


Further references

Sunday, December 11, 2022

Jigsaw Mayombe

According to The New York Times jigsaw puzzles improve skills like spatial reasoning. Jigsaws can even help to avert anxiety. (Enjoy More 'Eureka!' Moments with Jigsaw Puzzles, NYT, Alexis Soloski, Dec 12, 2020)

So here is a new scripophily jigsaw depicting one of the most appealing Belgian Congo share certificates: . 

Have fun !

This 1899 share from Les Produits du Mayombe was produced by Félix Wylands, a well-known photoengraver. Wylands started his career as a pharmacist but was soon fascinated by the possibilities of the chemical photoengraving process. As owner of the Société Anonyme Les Arts Graphiques he made several prints for artistic publications. 


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