Result list 16 October 2021

The results of our October 16 sale are now online. Unsold items can be obtained in our aftersale until Nov 14 (first come, first served). .

Lotnumber: 220
AUSTRIA. WIEN. Partial-Scheinüber 1/20 des Credit-Loses 1858. olive, black. No 99/4198. Folds. Decorative piece with 2 allegorical figures. Founded 1855 by Anselm von Rothschild as the Imperial royal privileged Austrian Credit Institute for Commerce and Industry. Creditanstalt soon became the largest bank of Austria-Hungary and remained under control of the Rothschild family for several decades. The 1929 Wall Street Crash and the financial difficulties of the Steyr-Werke AG led to bankruptcy in 1931. At that time, the bank was the largest Austrian credit provider and initiated the Great Depression in Austria. The bank became de facto state-owned in 1934 under the name Creditanstalt-Bankverein. In the 1930s, Hitler prominently used the bank’s bankruptcy and its impact in its propaganda blaming the Jews for German and international economic and social troubles. In 1956, Creditanstalt was again partly privatised. Merged with Bank Austria in 2002 and it became part of the Italian holding UniCredit in 2005. We see very little scripophily from this important bank, and don't remember having seen any earlier than the one we offer here.
Date: 20 June 1876
Quality: VF
Startprice: € 300