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Lot 5 - Sale 50 - The Milestone Auction

Estimate:
350,00-500,00 USD
Starting price:
280,00 USD (247,99 €)


New York, Specimen Odd Shares, Fixed/Adjustable Rate Cumulative Preferred Stock, Series A, Black on Blue underprint, Alexander Hamilton At right, Pin-punch Specimen. Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. The firm was acquired in August 2000, by Credit Suisse for $11.5 billion. As research became more of a commodity throughout the 1980s and 1990s, they expanded into other businesses and grew dominant in high yield fixed income, or so-called, "junk bond" securities. A major factor in DLJ's underwriting and trading success with these securities were the employees they had recruited from Drexel Burnham Lambert, during Drexel's decline in the late 1980s and its bankruptcy in 1990. Rare Specimen Stock Certificate


Bids

Lot status:
Auction closed

Categories

Auction: Sale 50 - The Milestone Auction


Banknotes, Stocks, Coins - all auctions

Timetable

SESSION 1 (Lots 1-478)
Online auction - End
03 12 2018 05:00 CET
02 12 2018 23:00 America/New_York
Room auction - Starts
03 12 2018 20:00 CET
03 12 2018 14:00 America/New_York

SESSION 2 (Lots 501-1182)
Online auction - End
04 12 2018 05:00 CET
03 12 2018 23:00 America/New_York
Room auction - Starts
04 12 2018 16:30 CET
04 12 2018 10:30 America/New_York