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Lot 726
[Mississippi Company Crash] "Mississippi, of
Description:

[Mississippi Company Crash] "Mississippi, of 'Twydbefaamde Goudland, door de Inbeelding der Windnegotie", engraved page, extracted from Het Groote Tafereel der Dwaasheid (The Great Scene of Folly), c. 1720, sight 14 1/2 in. x 11 1/2 in., matted and framed.

  • Notes: Note: The book, from which this page was taken, contained satirical poems, plays and engravings about the great speculative real estate bubble of 1720. The banker John Law, a Scot who took over the Mississippi Company of France in 1717, hyped the company stock from 500 livres per share to 18,000 livres. The phrase "Wind-Negotie" in this lot's title translates to "wind-trade", a reference to traders not even owning the stock they sold. The bubble burst as quickly as it rose, foreshadowing economic events almost 300 years later.

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July 18, 2010 11:00 AM CDT
New Orleans, LA, US

Neal Auction Company

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