A Sign of the Times
The owner of the Wall Street sign just auctioned at Christie's New York is one happy man. Preferring to remain anonymous, he says he is pleased with the sale as the sign is a piece of Wall Street history. "I am hopeful that the sign will ultimately end up back at the Museum of American Finance," he says. The auction house's estimate for the iconic sign marking the intersection of Wall and Broad Streets was $60,000-$80,000. The final bid, received by telephone from an Asian collector, was $116,500. Luxist helped boost the auction price according to the owner with our early posting on May 18, long before most of the media. The sign, probably dating from somewhere between 1890 and 1920, used to stand in front of the original J.P.Morgan and Co. building in the Financial District.