Lot 112
  • 112

An American cast-iron architectural bank, early 20th century

Estimate
5,000 - 7,000 USD
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Description

  • height 7 3/4 in.
  • 19.7 cm
modeled as the M & L Jarmulowsky Banking House, the cast inscription on both sides reads "Deposit your money with Banking House, 165 East Broadway, M & L Jarmulowsky, where it is safe, presented by the Jewish Daily News"

Provenance

From the Collection of Piraneseum: Souvenirs of the Grand Tour, architects David Weingarten and Lucia Howard, partners

Condition

one of the two clocks at the top is a cast replacement, later replaced base panel, otherwise good condition
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.

Catalogue Note

The M & L Jarmulowsky Banking House was founded by Meyer and Louis Jarmulowsky, sons of banker and rabbi Sender Jarmulowky, called the "East Side J. P. Morgan." The bank opened in 1903 at 165 East Broadway in Brooklyn, but was insolvent by 1914.

The Jewish Daily News opened in 1898, and by 1915 enjoyed a circulation of 24,000. Their offices were at 185 E. Broadway, with their printing plant nearby at 165 E. Broadway, an address shared with Meyer and Louis’ bank.

An identical bank was sold as part of “The Michael and Judy Steinhardt Jackson Collection” at Sotheby’s, New York, April 29, 2013, lot 345 for $12,500.