LOT #7596 |
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May 1, 1798 Lower Manhattan Deed. This indenture, which is ...
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Sold on Jul 28, 2002 for:
$402.50
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Description
May 1, 1798 Lower Manhattan Deed. This indenture, which is written in clear, dark calligraphy, measures 27" x 21" and transfers property from the Bank of New York to a merchant by the name of John Jones. The property lies in Manhattan's Financial District between Pearl Street and Water Street, two blocks from Fraunce's Tavern, which was built in 1719 and still stands today. George Washington delivered his farewell address to his officers there in 1783. The deed is signed on its face near its large wax seal by Gulian Verplanck, the president of the Bank of New York. He was the father of Gulian C. Verplanck, who served in the New York State Assembly from 1820 to 1823, the U.S. Congress from 1825 to 1833 and the New York State Senate from 1838 to 1841. He lost the first direct-vote Mayoral Election in New York City to Cornelius Lawrence in 1834. The price of the property was $26,500, a very large sum for that time.Heritage is pleased to have the opportunity to offer this collection of early Manhattan property deeds and other fascinating historical documents for public auction sale in the singularly appropriate venue: Manhattan. The items will be sold as lots 7590-7597.
The variety of super-condition papers in this set, rife with signatures of many of the prominent Colonial gentleman whose names still grace lower Manhattan's financial-district streets, comprise an array of historical documents which transfer ownership of Manhattan property, divided into lots, among the young city's early citizens. New Yorkers will recognize many of the names of the signers of these interesting deeds - Beekman, for instance - as the street names in their town.
These are the earliest New York City deeds we have seen, and they are of great historical interest. One of the lots of land whose transfer was literally signed and sealed by a deed in this great collection lies - according to our own fervent, primary-source research - on the site of George Washington's executive mansion, where he and Martha Washington actually resided while New York enjoyed the status of Capital of the United States of America. Another one of the deeds outlines a parcel of property in the shadow of where the Twin Towers proudly held their ground.
We are accustomed to seeing vaguely similar English deeds, which close the transfer of property in England, sell in the $200-$300 range here in the United States essentially on the bases of their attractive appearance and historical authenticity. The Colonial American paperwork we offer here is earlier and in even better condition than the English documents we have seen. And the material comes from an old-time collection to boot. Because these items are not available elsewhere, venturing an estimate is impossible, but solid four-figure realizations are likely.
Coin Index Numbers: (PCGS# 661050)
Auction Info
2002 July New York, NY Signature Sale #296 (go to Auction Home page)
Auction Dates
July, 2002
27th-30th
Saturday-Tuesday
Bids + Registered Phone Bidders: 6
Lot Tracking Activity: N/A
Page Views: 289
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