Result list 6 April 2019

The results of our April 6 sale will be online on April 7 here. .

Lotnumber: 251
ANVERS. Action de Fl.1000. black. No 1271. Folds with splits and one repaired tear. Large intact paper seal. The paper however has turned brown. The 18th century saw a great expansion of the overseas trading companies, sending their fleets across the world's oceans, and there was a need for insurance against the risks to ships and cargoes. In 1755 several rich Antwerp businessmen, led by English merchant and banker James Dormer (a close friend to the family Proli), formed this marine insurance company. In the following year Austrian empress Maria Theresa gave her approval. The shares were then issued, and were all sold within a few days, perhaps because they could be bought by paying only 1/4 of the nominal value. The company traded successfully for many years, but the disruption to trade caused by the sea-war between England and Holland (1778-83) severely damaged the company, although this piece carries endorsements to the year 1812. The shares have a fine copper-engraving of the company coat-of-arms, incorporating the double-headed eagle symbol of the Habsburg emperors and a paper seal, also showing the eagle. One of the finest of 18th century shares, and according to our records this is the oldest insurance share preserved in the world. Because of its condition (seeabove & picture), we have set a very moderate start price for this top share.
Themes: BEFORE 1800, INSURANCE
BELGIUM, HUNGARY
Province: ANTWERPEN
Date: 14 January 1756
Quality: F
Startprice: € 400