Previous Lot Next Lot

Auction: 16018 - Bonds and Share Certificates of the World
Lot: 436

(x) Standard Oil Company, Certificate 52 Shares, Cleveland, 6. Mai 1875, #62, vignette of State Capitol, ornate border, printed by Maverick, Stephan & Co. 176 Fulton NY, Issued to Payne Trustee and signed by John D. Rockefeller as President and H.M. Flagler as Secretary. Both signatures are very clear. Red cancellation, EF

Standard Oil Co. Inc. was established as an Ohio corporation in 1870. Its business was oil producing, transporting, refining, and marketing. The Standard Oil was probably the most powerful company in history. Never before or after has one single company been able to create a worldwide market for oil product oil and controlling the whole product chain from the oil wells to the consumer. John D. Rockefeller (1839-1937) was its mastermind, founder, chairman and major shareholder. Standard Oil dominated the oil products market initially through aggressive horizontal integration in the refining sector, then, in later years through vertical integration. The company was an innovator in the development of the business trust. It streamlined production and logistics, lowered costs, and undercut competitors. Its controversial history as one of the world's first and largest multinational corporations ended in 1911, when the United States Supreme Court ruled that Standard was an illegal monopoly. With the dissolution of the Standard Oil trust into 33 smaller companies, Rockefeller became the richest man in the world. Another notable Standard Oil principal was Henry Flagler (1830-1913), developer of Florida's Florida East Coast Railway and resort cities.

Subject to 5% tax on Hammer Price in addition to 20% VAT on Buyer’s Premium. For more information please view Terms and Conditions for Buyers.

Sold for
£2,300