Dear fellow collectors, Our 128th FHW auction is online! 1,280 fantastic security lots with a very high starting price of over 460,000 Euro demonstrates incredible quality. Take your time viewing and reviewing the old stocks and bonds. Enjoy our researched stories and be amazed by what my colleagues have discovered about the companies. The auction opens with a beautiful China collection, immediately followed by a fine Cuba collection. Both collections were assembled over four decades. It continues with numerous ancient securities, such as a share in the sugar refinery in Königsaal near Prague from 1792 (Lot 103 – starting price €15,000) and a very high-quality collection of Spanish royal trading companies from the 18th century. After a short break, the auction continues with a sensational event. Securities from what is arguably the most popular and expensive collecting area in our market are always in demand...
 

..One of the top collections featuring zoological gardens is available and is sure to delight all collectors.

In addition, the Germany section features numerous unique and rarity items, as well as a truly impressive Top 20 section. A unique example of the oldest German share from the early days of the beet sugar industry, the Krone sugar refinery from 1810 (Lot 516 – starting price: €15,000), a Goethe on a receipt from the Ilmenau copper and silver mine from 1786 (Lot 505 – starting price: €6,000), the Hessian-Waldeck Company for the Extraction of Gold from the Edder River Basin from 1832 (Lot 504 – starting price: €4,800), and the Association for the Protection of German Emigrants in Texas around 1846 (Lot 518 – starting price: €5,000) are just a few of the highlights of the auction.

There are 357 fantastic DM security lots to follow before the auction heads to the USA. And here, too, something very special awaits you. An ancient collection of US autographs will be auctioned. Several Edison, Rockefeller, Vanderbilt, Cooke, Astor, Gould, Flagler, Getty, Stratton, Morgan, Wells, and Fargo are up for grabs.

Old securities have always been exciting, are just as fascinating today, and will surely continue to inspire us all in the future. Be amazed by the fantastic companies and securities that have existed. We are once again very proud to present you with such a comprehensive selection of top-notch items! The choice is now yours. We wish you every success with your bids.

You can now view, search, and bid on all lots on our website. The PDF auction catalog is also available as an eBook. As always, bids can be submitted by mail, fax, email, via our website, or, best of all, by visiting us in person. And of course, you can also participate in the auction "LIVE" from home at FHW. You can follow this auction LIVE online and bid on the lots LIVE! It's easy – more information is available on our website and on the Invaluable auction platform (accessible via the "Live Online Bidding" button).

If you have questions do not hesitate to contact us. And please feel free to visit us – we look forward to seeing you again on October 4th, 2025, in Wolfenbüttel.

Best regards,
Michael Weingarten