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Auction: 10USA - NYC Currency and Stock & Bond Auction
Lot: 1002

Dodge Brothers (MD) Specimen. Shares. Preferred. Brown. Allegorical blacksmith. ABN. EF. At the turn of the century, John and Horace Dodge supplied engines, transmissions, and axles to automobile assemblers such as Ransom Eli Olds and Henry Ford. In 1914, John and Horace decided to manufacture their own cars. Their early models were well-received, and decades of automtive success followed. By 1925 the Dodge Brothers were dead, and their widows were ready to sell their shares int he business to outsiders. The buyer was Dillon, Read & Company, and the price was $146 million dollars, the largest cash transaction in the history of industrial finance up to that point. The importance of ths example cannot be exaggerated. Estimate US$ 500-750

Estimate
$500 to $750