|The First Art Newspaper on the Net
||Established in 1996
|| Sunday, August 20, 2017
|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
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.- Basquiat: A darling of pop culture, but not museums
2.- Edward Hopper House unveils new collection of the American artist's early years and memorabilia
3.- Alice Cooper finds precious Warhol work in storage
4.- Evidence of Babylonian destruction of Jerusalem found at the City of David
5.- Metropolitan Museum of Art exhibits masterpieces by painter Cristóbal de Villalpando
6.- Exhibition on Screen to open its fifth season with Canaletto & the Art of Venice
7.- Gifts to Britain's Queen Elizabeth II go on display at Buckingham Palace
8.- The Museum of Contemporary Art Chicago opens first-ever museum exhibition of Amanda Williams
9.- Exhibition details how Israel's Mossad tracked down and captured Adolf Eichmann
10.- Extraordinary embroidery: Hidden histories of ordinary girls revealed through their sewing
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, .
|Royalville Communications, Inc|
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.