Saturday, November 2, 2019

Antwerp meets scripophily !

The city of Antwerp will shortly become a mecca for scripophily. Collecting antique and vintage stock certificates, aka scripophily, took off in the 1970s. People from all over the world are fascinated by the beauty and historic importance of these artefacts. The broad public has now a chance to discover this exciting part of numismatics at Mario Boone's upcoming international auction & bourse weekend.



One of the sale's top historic items is this 1826 share from the Compagnie des Mines de Fer de St. Étienne. The company mined coal and iron, and operated the first modern iron works in France. In fact, the first French railway was constructed to connect the St. Étienne works with the Loire. Representing a milestone in the industrial history of France, this share, issued to its founder, mining engineer Louis Georges Gabriel de Gallois, is also one of the earliest shares with an engraving of blast furnaces. Lot 432 in the auction, is expected to realize at least €3,000.


In comparison to coins, banknotes and stamps, antique stocks and bonds are much less available on the collector's market. The Boone auction house has been a specialist in scripophily for over four decades and is now holding its 63rd sale on the 9th of November in Antwerp. More than 1400 lots will be hammered.



Etablissements Pieper à Liège & Nessonvaux , 100 Francs bearer share, 1898
As you can tell from this share's design - click image to enlarge - this Belgian company manufactured handguns and rifles, such as the Bayard 1908 pistol and, under license, the Bergmann–Bayard pistol. The company, established by the German Henry Pieper, also built small cars from 1899 to 1903. Already in 1900 Pieper introduced - today unimaginable for many - a pure electric model, and a hybrid petrol-electric car. The Pieper factory was later taken over by Imperia. This share is signed by Nicolas Pieper and its wonderful design was made by painter Emile Berchmans. Lot 293, starts at €400.


The sale catalogue, available online and as an offline PDF document, includes color images and background stories of the certificates to be sold. For easy retrieval purposes, search indexes help the collector on his quest for about 100 countries and an equal number of special interest themes, security printers, engravers and artists.



Auction lot 199 comprises a share in the Conservera Marroqui SA, Tétouan, a company that sold canned fish. The gorgious design, showing a city gate at the the sea shore, includes the Star of David. After the Reconquista and the Spanish Inquisition many Sephardi Jews migrated from Spain and settled in the Mediterranean port of Tétouan, Morocco. This company was incorporated in 1947. After the founding of the state of Israel in 1948, hostilities from the Arab population towards Moroccan Jewish communities broke out. Fear that Morocco's imminent independence from France would lead to further persecution led to large-scale emigration. By 1950, there were very few Jews left in Tétouan.


I learned from the catalog's autographs index that several certificates were signed by or issued to historic figures : e.g. Emile & Isaac Pereire, Frits Philips, William H. Vanderbilt, Henry Wells, etc. The certificate below bears the signature of David D. Buick.



Issued in 1911, this Buick Oil Company share is signed by Scottish-born American D(avid) D(unbar) Buick.
His famous Buick Motor Company was established in 1902. Six years later he sold it to General Motors. 100 years later, the eight production generation of the Buick LeSabre was still a best steller. Lot 1403 in the sale, bids accepted from €200 


The day after the sale, Mario Boone organizes his regular scripophily bourse internationally attended by dealers and visitors.

Auction details

  • Location : Antwerp Crowne Plaza Hotel, Belgium
  • Date : auction 9 November 2019, bourse 10 November 2019
  • Further info : online catalogue here, and PDF version there 


F.L.

Thursday, October 24, 2019

Spink London announces its e-auction of world bonds & share certificates

Spink and Son Ltd was founded in London in 1666. The company specialises in the auctioning of  stamps, coins, banknotes, medals, bonds & shares, autographs, books and wines. It's latest sale went online earlier this week and ends at 11AM, November 5. Exactly 377 lots of scripophily will go on Spink's E-block.  

At stake are antique stocks and bonds from many countries. Sections include Africa, Australasia, China and Asia, Collections and groups, Europe, Great Britain, Panama Canal, Russia, the Americas, and the United States. Here is a small selection of the offers.


National Skating Palace share certificate

The National Skating Palace Limited was set up to build and operate a skating ring. When the company failed, its premises were later rebuilt into the London Palladium. This 1895 share certificate is signed by James Drake Digby, founder of the National Skating Association and Gordon Cameron, creator of the Glasgow Real Ice Skating Palace. 
Lot 246 in the auction



Macina-Niger, a decorative share related to Mali

Société Anonyme Française de Colonisation Macina-Niger, 100 Francs share, 1921, Toulouse
This is one of the most appealing French colonial shares showing lots of African animals in the Macina, the Inner Niger Delta, an area in central Mali. The artist expressed his own view on the French colonial empire in a subtle way. Note how two Africans are arduously bearing Industry and Commerce, represented by the angels on top. Mercury, god of finance, and Ceres, goddess of agriculture, are ignoring them.
Lot 60 in the sale




Lot 78 is a $1000 Danish Producers Loan Fund Committee Guaranteed 5% Gold Bond, part of a 1928 loan of $26,000,000 due 1935. This specimen from the Bradbury, Wilkinson & Co archive is reportedly the only one known. No issued examples seen. 



Leopoldina Estrada de Ferro bond from 1884

Companhia Leopoldina Estrada de Ferro, 6.5% bond of 200 milreis, 1884, Rio de Janeiro
In 1872 Antonio Paulo de Mello Barreto - see facsimile signature as President - received a concession to build a railway line to connect the coffee regions of Minas Gerais with the network operating the coastal regions. Click the image to enlarge and admire the lettering work by Lith. Paulo Robin & Cia.
Lot 301 in the auction



More auction details :

  • Location : this is an Internet only sale
  • End date : November 5
  • Further info : see here



F.L.

Tuesday, October 8, 2019

Exhibition "Bayerische Werte"

From tomorrow on you can visit "Bayerische Werte", a unique exhibition on scripophily from Bayern. The event takes place at the IHK-Stammhaus für Munich und Oberbayern and presents stocks and bonds from the immense Uto Baader Collection.

Bayerische Werte, "securities from Bavaria", is jointly organized by the Bayerisches Wirtschaftsarchiv (BWA) and its founders, the Bavarian Chambers of Commerce and Industrie (IHK's). In the twenty-five years of its existence, the BWA has collected original documents from more than 2,500 companies. Archives of more than 170 companies have been taken over. 



"Haus für Handel und Gewerbe" in München, 1000 Mk. bond, 1899
The building illustrated on this bond was built by Munich's Chambre of Commerce and the Münchner Börse between 1899 and 1901. It still exists and is located at Maximiliansplatz 8, Munich, just around the corner of the current headquarters of the IHK für München und Oberbayern.
image courtesy : Bayerisches Wirtschaftsarchiv, Uto Baader Collection



On the occasion of BWA's 25th anniversary, Uto Baader, founder of the Baader Bank and Chairman of the Bayerische Börse, entrusted the BWA his tremendous collection of historic Bavarian securities (about 4,500 certificates).

With her team, Dr. Eva Moser, manager of the BWA, carefully made a selection from that collection. These gems, spanning more than two centuries, both illustrate the economic history of Bavaria and the artistry of Bavarian security design. Fifty-six of these have been printed and enlarged in high resolution with accompanying explanation notes on display panels. 




Actienbrauerei zum Löwenbräu in München, 100 Thaler founder's share, 1873
The history of the brewery traces back to the Late Middle Ages. Löwenbräu has been served at every Oktoberfest in Munich since 1810.
image courtesy : Bayerisches Wirtschaftsarchiv, Uto Baader Collection



Practical info "Bayerische Werte"

  • Duration : 9 October to 5 November 2019
  • Location : Atrium of the IHK für München und Oberbayern,  Max-Joseph-Straße 2, München
  • Opening hours : Monday to Thursday, 9:00 a.m. to 6:00 p.m.; Friday 9:00 a.m. to 4:00 p.m.
  • Entrance fee: free
  • further information : Ausstellung "Bayerische Werte" 

Related link

F.L.