A brass telegraphic stock ticker - photo 1
A brass telegraphic stock ticker - photo 2

A brass telegraphic stock ticker

Lot 169
27.06.2024 00:00UTC +00:00
Classic
Sold
$ 16 380
AuctioneerCHRISTIE'S
Event locationUnited Kingdom, London
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The auction is completed. No bids can be placed anymore.
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ID 1236400
Lot 169 | A brass telegraphic stock ticker
Estimate value
$ 10 000 – 15 000
EDISON, Thomas (1847-1931).A brass telegraphic stock ticker, stamped, "M'F'D. BY T. A. EDISON, INC.", No. 12525, c.1900. With period wood and cast-iron cabinet stand.

Brass mechanism, 270 x 130mm (10 1/2 x 5 1/8 in.), with roll of used ticker paper and set into a 207mm (8 1/4 IN.) diam. cast iron base painted black with explanatory brass plaque affixed with screws over original painted Western Union notice, additional Western Union service decal on reverse (some chipping to paint, occasional pitting to brass housing, mechanism not tested). Stand with integral cabinet: 1067mm (42 in.) tall, cast iron base: 457 x 457mm (18 x 18 in.), top stand, 356 x 356mm (14 x 14 in.). Two holes placed at center of the top of stand to accommodate wiring (typical wear including surface scratches and scuffs).

An original Edison Universal Stock Printer with period stand: the first mechanical means for transmitting real-time stock market data from exchange floors to brokers and investors across the country. Edison’s ticker drastically altered the landscape of New York finance in the late 19th century as it received and simultaneously printed quotes for stocks, bonds, and commodities via Western Union telegraph. The stock ticker was invented by Edward Calahan in 1868 for the Gold and Stock Telegraph Company in New York. Edison developed his universal ticker in 1871, also for Gold and Stock (later a subsidiary of Western Union). His most substantial improvement to Calahan’s invention was a mechanism that enabled all tickers on a line to synchronize so that they printed the same information.
Address of auction CHRISTIE'S
8 King Street, St. James's
SW1Y 6QT London
United Kingdom
Preview
13.06.2024 – 27.06.2024
Phone +44 (0)20 7839 9060
Email
4FQ.AYGKAGLUQ@FO3G@
Buyer Premium see on Website
Conditions of purchaseConditions of purchase

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