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Pasquins Windkaart op de Windnegotie van 't Iaar 1720. |
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Selling price: $800
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Description
This is an early 18th-century uncut playing card sheet based on the disastrous collapse of inflated investments in the French colony of Louisiana, commonly known as the "Mississippi Bubble." In August 1717, John Law bought the Mississippi Company intending to give financial assistance to the developing colony.
In the same year, he formed a joint-stock trading company called the Compagnie d'Occident or, The Mississippi Company. Law was named the Chief Director of this new company, which was granted the French government a trade monopoly of the West Indies and North America. The bubble was at its height in 1719 and collapsed in 1720, causing Law to flee from Paris for Belgium.
This is a second edition uncut sheet, after the first of the previous year. The first edition was issued with a title card reading: "April Kaart of Kaart spel van Momus naar de nieuwste Mode."
These playing cards poke fun at John Law's Mississippi Bubble scheme, the South Sea Company, and other parties engaged in the fiasco. Several allusions to the South Sea Company: on the three of spades, the three companies (the South Sea, the Mississippi, and the West Indian) are depicted as young girls sitting together on a swing. On the four of spades, the black cat held by its tail (Madame la Petite) refers to the wife of Thomas Knight, the cashier of the South Sea Company, who bought his shares in her name. The publisher's card bears the image of a large cock, which also appeared on the coat of arms of John Law.
Reference: Museum Willet Holthusyen 1976, p.73, no. 62. Catherine Hargrave.
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