September 18: $1,000 Loan

September 18: A $1,000 Loan Started a Billion Dollar Company

In 1837, Charles Tiffany, 25 years old at the time, borrowed $1,000 from his father to start Tiffany & Co with John Young.  Tiffany & Co. began as a stationary & fancy goods store, but has grown to be one of the world’s foremost jewelry suppliers.  Read the full history on their website here.

In 2013, a beautiful Tiffany & Co. Platinum, 15.06ct Natural Fancy Yellow Diamond Pendant and Seed Pearl Sautoir Necklace was expected to bring only $125,000, but ended up selling for $348,000!

Also in 2013, a punch bowl commemorating the 1913 opening of the Woolworth Building in New York City was sold, along with a book from the gala. This historic combo fetched $42,000.