The best place on the web to buy antique maps! Antique Maps, Globes, Charts,
Atlases & Vintage Graphics
Sign In | Search | Browse | Bid Status  

Contact us  
Close: May 4th  Closes in 5 days 6 hrs 17 min
Terms & Conditions: English  Spanish  French  German 
  Go Directly to Lot #:       
« Previous lot Lot #733 - "Nieuwe Volkplanting om Wind"   Anonymous Next lot »

Click to see full size image(s)

Lot 733
By: Anonymous
Subject: Satire - Stock Trading
Date: 1720 (circa)

Publication: Het Groote Tafereel der Dwaasheid…

Condition Code: A+

See Condition Guidelines

Color: hand color

Size: 7.7 x 5.8 inches
         19.6 x 14.8 cm


    This engraving is from the important account of one the most infamous financial meltdowns in history, known as the Mississippi Bubble incident. This engraved view depicts the Mississippi River and four small vignettes showing investors devastated by the scheme. There are two columns of verses in Dutch below the scene. On a full sheet of Dutch text measuring 10.1 x 15.3".

John Law, a Scottish financier, established the Banque Generale (central bank) in France. He was then granted control of Louisiana and founded the Compagnie de la Louisiane d'Occident, in 1717. Law developed an elaborate plan to exploit the fabulous resources of the region, which quickly gained popularity and people rushed to invest, not just in France, but throughout Europe. This resulted in the development of several other overseas companies, such as the English South Sea Company and a number of smaller companies in the Dutch Republic. The share prices rose dramatically in a frenzy of speculation. In 1720 the bubble burst; speculators cashed in, caused a run on the shares, and the company went bankrupt. As a consequence of the failure, confidence in other similar companies failed, and thousands of individual investors across Europe were ruined.

Condition Description: Excellent impression and color on watermarked paper.

Estimate:
$400.00 - $475.00

Current high bid: $220.00*
(* under reserve bid)

Next bid: $230.00
New Bidders - Registration is required. Register to Bid.

To submit your bid, enter your maximum bid below and then click the Review Bid button.

Our Proxy bidding makes it safe to submit your maximum bid - see "Proxy Bidding" below. You will need to enter your User Name and Password in the next step, unless you have Signed In. You will also have the opportunity in the next step to verify your bid amount before submitting it.

Bid Increments Minimum bid is $230.00 but you may bid any greater amount.
Enter your maximum bid - the Proxy Bidding System will competitively enter your bid. Please note that Proxy bids only work once the reserve value has been met. Any bids placed below (or equal to) the reserve will be entered at face value.

Do not use a comma (,) or a decimal point (.). Use whole numbers only!


Notes:
  • Bids must be entered in bidding increments. Bids that do not correspond to bidding increments will be reduced to the next lower increment.
  • The Buyer's premium of 15% will be added to all winning bids.
Our "Proxy Bidding" service takes the worry out of bidding - here's how it works:

• When you bid, you enter the maximum amount you are willing to pay for the item. Your maximum bid is kept secret from other bidders and the consignor.
• Our system compares your bid to bids by other bidders. The system automatically bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position, or to meet the reserve price. You don't have to closely monitor the auction as it unfolds.
• If another bidder has a higher maximum bid, you will be out bid. At the auction close if you have the highest bid you win the item. You can end up paying less than your maximum bid depending on what other bidders have bid.
• You can raise your maximum bid at anytime. And you will never bid against yourself, just everyone else!

Your bid is a contract - Only place a bid if you're serious about buying the item; if you're the winning bidder, you have entered into a legally binding contract to purchase the item from Old World Auctions.