GARVEY MARCUS The Negro Factories Corporation Capital Stock

Sale 2171 - Lot 233

Price Realized: $ 2,400

?Final Price Realized includes Buyer’s Premium added to Hammer Price

Estimate: $ 1,500 - $ 2,500

SIGNED BY GARVEY GARVEY, MARCUS. The Negro Factories Corporation, Capital Stock, $1,000,000. Five Shares in the name of Fannie Valentine. Stock certificate, elaborately engraved with three vignettes of a suburban community, a cityscape and a large building under construction, signed by marcus garvey in the lower right corner; creases where folded, with a 3 inch vertical closed tear at the top, and a pinhole at another intersecting fold. New York, 1920

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a scarce stock certificate. "The Negro Factories Corporation was the financial arm of the Universal Negro Improvement Association. A cornerstone of Garvey''s vision for black economic independence, the Negro Factories Corporation was created with the goal of supporting businesses that would employ African Americans and produce goods to be sold to black consumers. Garvey envisioned a string of black-owned factories, retailers, services and other businesses, and hoped that the corporation would eventually be strong enough to power and sustain an all-black economy with worldwide significance" (The American Experience).