BLACK MONDAY—NEW YORK, 1987. Two spools of Dow Jones paper news tape, Friday, October 16 and Monday, October 19, 1987, New York,
Lot 4
BLACK MONDAY—NEW YORK, 1987.
Two spools of Dow Jones paper news tape, Friday, October 16 and Monday, October 19, 1987, New York,
US$ 3,000 - 5,000
£2,400 - 4,000

Lot Details
BLACK MONDAY—NEW YORK, 1987.
Two spools of Dow Jones paper news tape, Friday, October 16 and Monday, October 19, 1987, New York, the first ending at 4:38 p.m. and reporting total trading for the day stocks 18.5m and bonds 2.2m, the second spool for Black Monday opening late in the day and closing at 7:08 p.m., information running up to 2 hours late.

DOW JONES NEWS TAPE FOR TRADING ON BLACK MONDAY AND THE FRIDAY PRECEDING. After the bell at 4:30 p.m. on Monday October 19, 1987, the late NY market comment was, "Today's 503 point, 22.62 percent collapse in the Dow Jones industrial average was not only the single worst day for the market since before the great depression it also exceeds the biggest weekly percentage loss." The Dow Jones closed at 1,738 on Monday the 19th, a precipitous drop from its peak of 2,722 on August 25, 1987– a level it would take nearly two years to reach again. The tape notes "that because of a processing backlog related to heavy trading" many statistics won't be available, but at 5 p.m. they announced the volumes of trading at 35.4m stocks and 2.7m bonds. Certainly a day that will remain with every trader on that floor. The present lot includes a collection of ephemera, reports and newspapers relating to Black Monday.
Activities
Auction information

This auction is now finished. If you are interested in consigning in future auctions, please contact the specialist department. If you have queries about lots purchased in this auction, please contact customer services.

Buyers' Obligations

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.

Buyers' Premium and Charges

For all Sales categories excluding Arms & Armour, Coins & Medals, Motor Cars, Motorcycles, and Wine & Whisky:

Buyer's Premium Rates
25% on the first $150,000 of the Hammer Price
20% from $150,001 to $3,000,000 of the Hammer Price
12% on the excess over $3,000,001 of the Hammer Price

Payment Notices

Payment for purchases may be made in or by (a) cash, (b) cashier's check or money order, (c) personal check with approved credit drawn on a U.S. bank, (d) wire transfer or other immediate bank transfer, or (e) Visa, MasterCard, American Express or Discover credit, charge or debit card. A processing fee will be assessed on any returned checks. Please note that the amount of cash notes and cash equivalents that can be accepted from a given purchaser may be limited.

Shipping Notices

For information and estimates on domestic and international shipping as well as export licences please contact Bonhams Shipping Department.

Contacts
  1. Customer Services & Bids (Los Angeles)
    Customer services
    Bonhams
    Work
    Work +1 323 850 7500
    FaxFax: +1 323 850 6090
  2. Customer Services & Bids (New York)
    Customer services
    Bonhams
    Work
    Work +1 212 644 9001
    FaxFax: +1 212 644 9009
  3. Customer Services & Bids (San Francisco)
    Customer services
    Bonhams
    Work
    Work +1 415 861 7500
    FaxFax: +1 415 861 8951
  4. Books (US)
    General enquiries
    Bonhams
    Work
    Work +1 212 710 1308
    FaxFax: +1 212 644 9007
Similar Items