• The Collection of Benjamin F.  auction at Christies

    Sale 2388

    The Collection of Benjamin F. Edwards III

    26 January 2010, New York, Rockefeller Plaza

  • Lot 112

    A GEORGE III SILVER TONTINE QUART MUG

    MARK OF JOHN ROBINSON, LONDON, 1762

    Price Realised  

    A GEORGE III SILVER TONTINE QUART MUG
    MARK OF JOHN ROBINSON, LONDON, 1762
    Baluster form, with leaf-clad handle, the body with rococo cartouche engraved with the names of nine members of a tontine, engraved in part W. Lambton ar. Ob.: 22 Nov. 1724 ... H. Lambton ar Ob.: 26 June 1761, marked under base
    6¾ in. (17.1 cm.) high; 22 oz. 10 dwt. (706 gr.)


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    A tontine, named after the Neapolitan, Lorenzo Tonti, was an annuity with multiple subscribers whose proceeds were paid to the last surviving member (or, alternately, until a specified date when surviving subscribers would share the proceeds). The subscriber could nominate either his own life or that of another; the income could be paid to the subscriber or his nominee, while the original capital could be invested in various ways, such as buying land.

    Provenance

    The James Walker Collection, Christie's, South Kensington, 13 July 2006, lot 160
    With Alastair Dickenson, London


    Literature

    Gale Glynn, "Some Tontines Commemorated on English Plate," The Silver Society Journal, No. 8, Autumn 1996