Result list 1 April 2017

The results of our April sale will be available here on April 2.

Lotnumber: 597
EMDEN. Action de 900 florins. black. No 726. Folds with small edge-splits. Stained at borders. Text in French. Large paper seal, mostly intact. The company was formed in Emden on 21.1.1753, with a concession for 20 years to trade with the East Indies and Bengal. However, to protect the rival Emdenund Asiatische Company, the concession excluded the right to import tea, drugs and porcelain. Also, for a fixed period of time, the Prussian people were forbidden to invest in the new company, to avoid capital being withdrawn from the rival. The trading activities of the company were so restricted that it never achieved the expected commercial success, but spent years in disputes and legal actions over financial claims. It was founded by an Englishman named Harris, who raised more than half the capital in Flanders. We offer here one of these founder shares. The first sailing was in 1754. Five years later, a second sailing was undertaken, and a new issue of shares took place. It was the last sailing by the company. Ten years later the company was in liquidation, the investors having lost 3/4 of their investment. Nominally a German company, there was only one German director. The three others, which signed this share, are J. Depestre (a Brussels banker), Henssens (from Antwerp) and C. Carpentier (a merchant from Gent). To the best of our knowledge, this is the oldest German share certificate that has ever been seen. Since many years, only 6 of these shares are known to us (numbers 171, 172, 173, 726, 915, 927). Transcript in German available upon request. Rarity 9.
Date: 5 April 1754
Quality: F-VF
Startprice: € 14000