First Wall Street Collectors Bourse at Museum of American Finance
OCTOBER 21-22, 2011
The first Wall Street Collectors Bourse was held at the Museum of American Finance, 48 Wall Street, on October 21 and 22, 2011. 23 dealers participated, showing and trading their stock and bond certificates and bank notes including U.S. and worldwide rarities in a wide variety of subjects. There were also autographs, coins and other ephemera related to finance. The Museum entry was free both days, with very high visitorship.
The event included:
- Opening remarks and ribbon-cutting by the Urban Assembly School of Business for Young Women, a local high school whose students launched the Bourse and went on to tour both the money show and the Museum galleries
- A financial history slide show running continuously in the entrance area
- The Bourse Commemorative Dinner at Bayard’s in India House, with remarks by David Cowen (president of the Museum of American Finance), John and Diana Herzog (formerly of R. M. Smythe & Co.), Cliff Mishler (former president of the American Numismatic Association), and Luigi Rosabianca (president of the Financial District Association.) At the dinner, Tiffany jewelry pieces were auctioned, with proceeds donated to the Museum and the Urban Assembly School;
A public sale by Archives International Auctions following the dinner in the Presidents Room of India House, with a hammer total of $120,710 including premium, for an average price of $212 per lot
- The International Bond and Share Society breakfast meeting at Financier Patisserie with speaker Bob Kluge describing a share of an early Harlem real estate company
- A Society of Paper Money Collectors meeting held in the Museum library
- Exhibits of unusual certificates and samples of ores mined in Colorado and Nevada.
A list of participating dealers is available on request, as well as a list of sponsors of the event.
The Bourse, produced by Herzog & Co., Inc.,took place in the Museum of American Finance in the heart of the financial district. 48 Wall Street was the headquarters of the Bank of New York for 200 years, and the Museum is located on the splendidbanking floor. The building and the Museum are extraordinarily interesting placeswhere one can see wonderful exhibits of financial stories past and present. Exhibits include silver coins from the Spanish treasure ship El Cazador, the Alexander Hamilton Room, the “Scandal!” exhibit, with reminders of headlines and Bernie Madoff’s Louisville Slugger baseball bat, and a unique gold Monopoly set!
The Bourse dealers busied themselves trading and talking with old friends they had not seen in several years, while greeting and interacting with new clients generated by local press coverage and curious visitors from the Museum. This brought new interest to the hobby and gave everyone an enjoyable sense of progress. Dealer prices reflected strengthening in the market as well.
There were many compliments for the Museum and everyone agreed it was a marvelous and fitting venue for the show. The Wall Street business community was most supportive and looks forward to these events in the future.
As the Bourse wound down, we heard the dealers exclaim as they left: “The show was a rip-roaring success!” “This was the second best show I have ever had, outstanding.”“Where do I sign up for next year?” A successful event, and a good time was had by everyone.