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Lot 863: DRAPS FINS D'ABBEVILLE, SOC. ETABLIE POUR L'EXPLOITATION DE L'ANCIENNE MANUFACTURE ROYALE DE

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

October 29, 2016

Brussels, Belgium

Live Auction
Sold
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Description: 1855 80 SOMME. ABBEVILLE. Action de F500. black, buff. #4000. No 2066. Central fold with 2 small splits (outside the printed part of the share), repaired. The royal factory of Abbeville can be considered as one of the very first textile factories in the World. On 13 October 1665 the French king Louis XIV (the famous Sun King) ordered his Finance Minister, Jean-Baptiste Colbert (1619-1683), to set up the Royal Fine Cloth Factory of Abbeville. He brought in the family van Rabais, Dutch weavers from Zeeland, Holland, to create the manufacture. They created, for the first time, an integrated industry, and employed a staff of 2500 workers, including 250 weavers. In 1849 the company was taken over by the textile manufacturer J. Randoing and in 1854/55 it was converted into a limited company. Some of the buildings survive,even after severe damage in World War II (as does the nearby château of the van Rabais family). Our offer is an initial founders share from 1855, which is a graphic masterpiece as the vignettes represent the initial founders as well as the factories, with a detailed representation of the spinning, weaving, dyeing, combing, carding and other machines. The vignette in the left upper corner shows King Louis XIV, the right upper corner shows Jean-Baptiste Colbert, the vignette at the lower left represents the new founder and industrialist J. Randoing (who has signed the share). This is certainly one of the best French scripophily pieces: very pretty, a good date, a company with a lot of history, and extremely rare, as one would expect. Rarity 10.

Condition Report: VF

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