Lot 196
Banking--Bank for International Settlements
Auction: 16 September 2009 at 12:00 BST
Description
Original sketches by Derso and Kelen drawn for the picture entitled "The Adventures of Sir Charles Addis", June 1932, 38 portraits in pencil or charcoal, some heightened with red and blue pencil, named and signed, one sheet signed by 29 of the subjects, all mounted, presentation green morocco folding case, rubbed, upper joint split and repaired with cloth lining
Footnote
Note: These humorous sketches were studies for the group portrait of the representatives of the founding members of the Bank for International Settlements. The bank came into existence in May 1930, initially as a functional replacement for the Dawes plan, acting as a transfer agent for reparations and war-debt payments. The subjects of the portraits include Montagu Norman, Governor of the Bank of England, Emile Francqui, Sir Charles Addis, Charles Dawes, J.P. Morgan and numerous other well known banking figures of the banking world.