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Lot 1056: FIAT S.A.

Auction No.57 of Antique Stocks & Bonds

by Boone Shares - The Scripophily Center

29 October 2016

Brussels, Belgium

Live Auction
Past Lot
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Description: 1 January 1920 TORINO. 50 Azioni da L.200. green, black. No 688401-50. Various small edge-splits (all repaired) and three significant folds. With 4 coupons attached at the bottom. Under the name Fabbrica Italiana di Automobili Torino, FIAT was founded on 11 July 1899 by a group of investors, including Giovanni Agnelli. Agnelli became its managing director from 1900 onwards. In that first year (1900), Fiat made 24 cars with a staff of 35. By 1906, car production had risen to 1149 and a first Fiat car dealer in the US was established (in Manhattan). The company thenwent public on the Milan stock exchange. By 1910, Fiat was the largest automotive company in Italy - a position it has retained since. In the 1920s for instance, its market share was +80%. Over the years, the Fiat Group contained many brands such as Ferrari, Maserati, Fiat, Alfa Romeo, Lancia, Dodge, the Chrysler Group, and many more. Over the years, it was also active in railways, aircraft manufacturing, military vehicles, tractors, etc. Today, the Fiat Chrysler Automobiles multinational corporation is the world's 7th-largest auto maker and is still largely controlled by the Agnelli family. With annual revenues of more than 113 billion euros and 225,000 employees, it is one of Europe's biggest firms and Italy's flagship company. Only this particular share certificate was discovered in 2001 in the United States. Ever since, no other piece has been seen so we believe this to be very likely a unique discovery. Most importantly, it is the oldest FIAT SA scripophily and thus certainly one of the world's most important car pieces and an absolute top share in Italian scripophily. Rarity 12.

Condition Report: VF

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