Description

    STANLEY MELTZOFF (American, 1917-2006)
    Hetty Green, The Witch of Wall Street, Argosy magazine story illustration, February 1959
    Oil on board
    16.25 x 11.75 in. (image)
    Initialed lower left

    PROVENANCE:
    The artist;
    Mr. and Mrs. Hal Steeger, editor at Argosy magazine, gift from the above.

    Renowned as the "Witch of Wall Street," Hetty Green is America's indisputable first female financial titan, ranking on a par with J.P. Morgan, John D. Rockefeller, Andrew Carnegie and Cornelius Vanderbilt as one of the prime financial figures of the Gilded Age. Indeed, Hetty asserted herself into the male-dominated enclave of Wall Street with little fanfare, paving the way for women to be accepted and respected in such careers as banking, industry, real estate and financial investing.

    Hetty is acknowledged for her astuteness and pioneering investment strategies. She was a disciplined person, thoroughly researching and carefully choosing her investments, and, in the main, she followed the age-old wisdom of "buy low, sell high."

    She did not believe in speculation or margin, and, importantly, kept a large war chest on hand -- as is illustrated in Stanley Meltzoff's portrait -- to be ready to strike at the opportune moment.

    New York City is beholden to the astute Hetty. It is almost certain that in the Depression of 1907, in a now famous meeting in the dead of night with J. P. Morgan and other desperate financiers who were facing a run on the banks, it was Hetty Green who bailed out the city, to the tune of more than a million dollars. She came to the city's rescue three times in all -- first steps that helped pave the way for the founding of the Federal Reserve, in 1913.

    In the present work, published in Argosy magazine in February 1959, Meltzoff encapsulates his subject's spirit and persona with both pathos and parody as she sits alone, virtually ensconced in her fortune. Hetty Green, The Witch of Wall Street is a unique illustration of an iconic female financial pioneer who stuck to her convictions and passions against all odds, in the dawn of industrial commerce.

    For further information, please go to www.hettygreenportraitauction.com.


    Condition Report*:

    No restoration visible when examined under UV. Framed to an overall size of 28.75 x 22 inches.

    *Heritage Auctions strives to provide as much information as possible but encourages in-person inspection by bidders. Statements regarding the condition of objects are only for general guidance and should not be relied upon as complete statements of fact, and do not constitute a representation, warranty or assumption of liability by Heritage. Please note that we do not de-frame lots estimated at $1,000 or less and may not be able to provide additional details for lots valued under $500. All lots are sold "AS IS" under the Terms & Conditions of Auction.

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    Auction Dates
    October, 2014
    17th-18th Friday-Saturday
    Bids + Registered Phone Bidders: 1
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