Boston Harbor Auctions corners the market on J.P. Morgan items May 1

Silver cigar cutter/ashtray by Tiffany with 'JPM' Monogram in the likeness of the Morgan yachting crest Image courtesy of Boston Harbor Auctions.

Silver cigar cutter/ashtray by Tiffany with ‘JPM’ Monogram in the likeness of the Morgan yachting crest Image courtesy of Boston Harbor Auctions.

BOSTON – Boston Harbor Auctions is having an incredible sale May 1 showcasing J. Pierpont Morgan’s personal possessions, many from his yacht Corsair.

LiveAuctioneers will provide Internet live bidding for the 375-lot auction, which will begin at 11 a.m. Eastern.

J.P. Morgan, still synonymous with financial greatness in America today, was an American tycoon and most important financier of his time. He orchestrated the first Wall Street bailout, nearly single-handedly and rubbed elbows with the most prominent Americans of the day such as President William H. Taft, John D. Rockefeller, Andrew Carnegie and Teddy Roosevelt. It is said that when he strolled down the streets of Manhattan people cleared his path to let him by as they would a king. Morgan financed the experiments of Thomas Edison and had the first house in New York that was completely wired for electricity.

Now, Boston Harbor Auctions has some of the finest pieces of American history for sale on May 1. These former possessions of J.P. Morgan were the finest that could be procured in the 19th century.

The importance of the yacht Corsair of 1890 is two-fold. During the Gilded Age of decadence, steam yachts were a luxury only afforded by those of the highest levels of affluence and wealth known the world over. Considered a floating palace, Corsair was a 240-foot-long steam yacht outfitted in velvet, silk and mahogany, providing every princely comfort Morgan desired. Second, Morgan became commodore of the New York Yacht Club in 1897 and subsequently Corsair became flagship of the club, overseeing races and holding annual cruises for members. Following his election to commodore, Morgan donated three lots of land on West 44th Street for the New York Yacht Club to build a new clubhouse. His mark on the world of yachting is still felt today.

Most yachtsmen and sailors create their own personal flag to be flown exclusively on their boat. The Morgan house flag is a red field with a white crescent moon accompanied by a single star. Morgan liked to use this symbol on many of his personal possessions including his china, linens and decorative fixtures.

Morgan once publicly declared: “No price is too great for a work of unquestioned beauty.” Highlights in the May 1 sale include:

  • 225 pieces of china from Corsair when she was flagship of the New York Yacht Club in 1897
  • a 30-foot port side tender from Corsair
  • 300 ivory poker chips from Corsair set into a mahogany and velvet lined box by Black, Starr & Frost
  • a bottle of vatted scotch whiskey from J. Pierpont Morgan’s private cellar
  • many silver accessories once owned and used by J. Pierpont Morgan, some by Tiffany
  • a silver cigar cutter/ashtray with JPM Monogram, by Tiffany
  • a 17th century map once used on Corsair
  • a silver lamp in the likeness of the Morgan crest from the late 19th century

 

The auction will be take place in Boston Harbor Auctions’ 99 High St. tower. Entrance to the gallery is on the Purchase Street side of the tower in the Financial/Waterfront district of Boston.

Previews will be Thursday, April 28, noon-7 p.m.; Friday, April 29, noon-7 p.m.; Saturday, April 30, 11a.m.-5 p.m., and Sunday, May 1, 8 a.m.- 10:30 a.m.

For more information please contact Larry Lannan (617) 451 2650 or (617) 549 2881, e-mail info@bostonharborauctions.com or go to the website: www.bostonharborauctions.com

 

View the fully illustrated catalog and register to bid absentee or live via the Internet as the sale is taking place by logging on to www.LiveAuctioneers.com.


ADDITIONAL LOTS OF NOTE


A selection of flagship china from J. Pierpont Morgan’s steam yacht Corsair when she was flagship of the New York Yacht Club in 1897. Image courtesy of Boston Harbor Auctions.

A selection of flagship china from J. Pierpont Morgan’s steam yacht Corsair when she was flagship of the New York Yacht Club in 1897. Image courtesy of Boston Harbor Auctions.

New York Yacht Club burgee and commodore burgee emblazoned on each piece of flagship china from J. Pierpont Morgan’s yacht Corsair from 1897. Image courtesy of Boston Harbor Auctions.
Cover of poker chips box.  Mahogany with sterling Corsair letters and New York Yacht Club burgee crossing staffs with the Morgan house flag emblazoned on front Image courtesy of Boston Harbor Auctions.

Cover of poker chips box. Mahogany with sterling Corsair letters and New York Yacht Club burgee crossing staffs with the Morgan house flag emblazoned on front Image courtesy of Boston Harbor Auctions.

'JPM' Monogram from silver cigar cutter/ashtray by Tiffany Image courtesy of Boston Harbor Auctions.

‘JPM’ Monogram from silver cigar cutter/ashtray by Tiffany Image courtesy of Boston Harbor Auctions.