The First Art Newspaper on the Net Established in 1996 United States Saturday, October 25, 2014


Australia's first banknote, issued in 1817 by the Bank of New South Wales, fetches US$310,000
Colin Pitchfork, a consultant at Noble Numismatics, holds the only known specimen of the first official banknote issued in Australia. AFP PHOTO/William WEST.
SYDNEY (AFP).- The only surviving example of Australia's first official banknote exceeded expectations when it was auctioned for Aus$334,000 ($310,000), officials said Thursday.

The 10 shilling note -- one of 100 issued in 1817 by the Bank of New South Wales (now called Westpac) on the day it opened -- attracted bids from around the world, said Jim Noble of Noble Numismatics, which handled the sale.

"It's a record for a colonial banknote," he told AFP. "It will stay in Australia (but) I've no idea what the gentleman who bought it plans to do, he's a high up executive in a big organisation.

"It would be exciting to see it on public display, it's a great thing."

The auction price easily exceeded its Aus$250,000 estimate, with Noble attributing the interest to its unique historical value.

"It's the only one of its kind, even Westpac does not have one."

Noble said the note was discovered in a private collection in Scotland in 2005, with Scots-born former New South Wales governor Lachlan Macquarie or one of his staff thought to have taken it there.

It was later bought by a private collector who sold it at Wednesday night's auction.

Macquarie arrived in Sydney at the end of 1809 to be confronted by a colony in crisis with no stable monetary system since the First Fleet landed in 1788.

As the new governor, he was given extensive powers to reshape the colony, but despite this his first request to London to establish a bank was rejected.

In 1812, to alleviate the shortage of currency, he imported £10,000 in Spanish coins from India and in 1813 manufactured and issued the "Holey Dollar" -- one of which sold at auction for a world-record Aus$495,000 last year.

But it was not sufficient and in 1816 he revived his plan for a bank, this time getting London's approval, and on April 8, 1817 the Bank of New South Wales opened for business.



© 1994-2014 Agence France-Presse





Today's News

March 29, 2014

Largest exhibition of Mike Kelley's work opens at The Museum of Contemporary Art in L.A.

Alte Nationalgalerie Berlin opens first major museum exhibition of the work of Rembrandt Bugatti

Works by three Modern masters to lead Sotheby's Impressionist & Modern Art Evening Sale

The Katonah Museum of Art presents "Jasper Johns & John Lund: Masters in the Print Studio"

Jim Campbell receives his first solo museum exhibition in New York at the Museum of the Moving Image

Sotheby's announces Arts of the Islamic World: Rare and precious works of art spanning 1000 years

Rare work by Artemisia Gentileschi acquired by Wadsworth Atheneum Museum of Art

Isabella Stewart Gardner Museum appoints Dr. Christina Nielsen as William and Lia Poorvu Curator

Australia's first banknote, issued in 1817 by the Bank of New South Wales, fetches US$310,000

Exhibition of work by an idiosyncratic artist Edwin G. Lucas opens at Bourne Fine Art

Knights! Exhibition takes new approach to examining arms and armor throughout history

Henry Moore prints sell for top prices at Dreweatts & Bloomsbury Auctions in London

I.M. Chait March 23 Post-Asia Week Auction in Beverly Hills tops $2.3 million, led by $350K bronze

Finalists for the Rijksstudio Award have been announced

Installation of monumental new addition to the Olympic Sculpture Park begins

Exhibition features the printing press as artistic practice at the Kentucky Museum of Art and Craft

Early gold from The Bently Collection raises nearly $9 million to launch Bently Foundation in San Francisco

"Graphic Design: Now in Production" opens at the RISD Museum

Fantasy visions by Starewitch, Švankmajer and the Quay Brothers" on view at CCCB in Barcelona

Centro de Arte Contemporáneo de Málaga presents Kaws's monumental sculptures

IMMA and IADT present an exhibition, 474: document / work / space, in the Drawing Project, DúnLaoghaire

Most Popular Last Seven Days



1.- Image of a Christ without a beard, short hair and wearing a toga unearthed in Spain

2.- Giant mosaic unearthed in mysterious tomb in Amphipolis in northern Macedonia

3.- Bonhams sale of 18th century French decorative arts to benefit Fine Arts Museums of San Francisco

4.- Paris flustered by erection of 'sex-toy' sculpture; Paul McCarthy slapped by a passer-by

5.- High art or vile pornography? Marquis de Sade explored in Orsay museum exhibition

6.- 'Cubism: The Leonard A. Lauder Collection' opens at the Metropolitan Museum of Art

7.- Greek culture minister says Elgin Marbles return a matter of 'global heritage'

8.- Vandals deflate Paris 'sex-toy' sculpture by American artist Paul McCarthy after outrage

9.- Exhibition at National Gallery in London explores Rembrandt's final years of painting

10.- 'Hans Memling: A Flemish Renaissance' opens at the Scuderie del Quirinale in Rome



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site