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THBShannon Stirnweis (B. 1931) "NY Stock Exchange"
Lot 12
Live Auction in Progress ... Currently on Lot Estimate:
$300 - $600
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About Auction
Live
By Helmuth Stone Gallery
Mar 1, 2020
Set Reminder
2020-03-01 13:00:00
2020-03-01 13:00:00
America/New_York
Bidsquare
Bidsquare : Important Illustration, Chinese Artwork, Jewelry & Fine Art Auction
https://www.bidsquare.com/auctions/helmuth-stone-gallery/important-illustration-chinese-artwork-jewelry-fine-art-auction-4914
Offering the Collection of James A. Helzer (1946-2008), founder of Unicover Corp. and owner of Fleetwood. This collection of original illustrations spans over 40 years and each artwork was commissioned by Mr. Helzer (Unicover) for first-day covers and other promotional material. Helmuth Stone Gallery helmuthstone@gmail.com
Offering the Collection of James A. Helzer (1946-2008), founder of Unicover Corp. and owner of Fleetwood. This collection of original illustrations spans over 40 years and each artwork was commissioned by Mr. Helzer (Unicover) for first-day covers and other promotional material. Helmuth Stone Gallery helmuthstone@gmail.com
View Full Catalog (383)
- Lot Description
Shannon Stirnweis (B. 1931) "New York Stock Exchange" Signed lower right. Oil on Illustration Board. Provenance: Collection of James A. Helzer (1946-2008), Founder of Unicover Corporation.
This painting originally appeared on the Fleetwood First Day of Issue Maximum Card for the U.S. 29c New York Stock Exchange Bicentennial stamp issued May 17, 1992.
In 1792 a group of 24 men convened under a buttonwood tree in New York to discuss their mutual interest in finances and investments. From this encounter, which took place on what is now Wall Street, evolved the world's largest marketplace for securities -- the New York Stock Exchange (NYSE). Formally instituted in 1817 as the New York Stock and Exchange Board, the organization flourished during the early 19th century, when America's emphasis on mercantilism and expansion of the railroads stimulated growth in the securities marketplace. But many investors lost heavily in the Panic of 1837, and the exchange subsequently required all listed companies to provide public disclosures of financial records before offering stock. Adopting its present name in 1863, the exchange furnished much of the capital needed to move America into the post-Civil War industrial era. After 1868, seats on the exchange -- limited to 1,366 since 1868 -- were obtained only by purchase from an existing member. A corporation seeking to list on the NYSE must meet rigorous conditions. It must earn a minimum of $2.5 million before taxes, possess at least one million shares of outstanding stock, grant voting rights to common stockholders and publish regular financial statements. Since the Great Depression of 1929, the NYSE has been regulated by the Securities and Exchange Commission.
Image Size: 17.5 x 15 in.
Overall Size: 21.75 x 18.75 in.
Unframed.
(B13724)Condition
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