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Lot Essay
Launched in New York in 1845 to sail in the China trade, Rainbow was an early clipper, a type of ship with a hull design intended to sacrifice cargo capacity in favor of speed. Though shipbuilders watching her being built largely concurred that Rainbow would likely sink during her first voyage, her remarkable speed and subsequent success led to a rush to adopt the new design in shipbuilding. While extraordinarily fast, Rainbow ultimately only ever made five voyages. She was lost at sea during her final voyage, and is assumed to have foundered off Cape Horn.
The present work was formerly in the collection of Gov. Thomas E. Dewey of New York, the state’s 47th governor, who was in office from 1943 to 1954. Gov. Dewey was the Republican Party's nominee for the presidency in 1944, losing the election to FDR in the closest of Roosevelt's four election margins. Dewey again won the Republican presidential nomination in 1948, though lost to President Harry S. Truman in one of the greatest upsets in US election history. Polling heavily ahead of Truman throughout the race, Dewey attempted to run a non-partisan campaign, largely ignoring his opponent. Still, his polling advantage going into election night was such that The Chicago Daily Tribune printed 150,000 copies with the headline ‘DEWEY DEFEATS TRUMAN’ which had to be withdrawn when the returns showed Truman winning, resulting in the famous photograph of Truman holding up the erroneous front page following his election victory. Following the end of his governorship, Dewey retired from public service and returned to his law firm, but remained a power broker in the Republican party for the remainder of his life.
The present work was formerly in the collection of Gov. Thomas E. Dewey of New York, the state’s 47th governor, who was in office from 1943 to 1954. Gov. Dewey was the Republican Party's nominee for the presidency in 1944, losing the election to FDR in the closest of Roosevelt's four election margins. Dewey again won the Republican presidential nomination in 1948, though lost to President Harry S. Truman in one of the greatest upsets in US election history. Polling heavily ahead of Truman throughout the race, Dewey attempted to run a non-partisan campaign, largely ignoring his opponent. Still, his polling advantage going into election night was such that The Chicago Daily Tribune printed 150,000 copies with the headline ‘DEWEY DEFEATS TRUMAN’ which had to be withdrawn when the returns showed Truman winning, resulting in the famous photograph of Truman holding up the erroneous front page following his election victory. Following the end of his governorship, Dewey retired from public service and returned to his law firm, but remained a power broker in the Republican party for the remainder of his life.