The exhibition of securities showed the evolution of the stock market of post-revolutionary Russia. It presented securities dating back to the 1920s and the1930s, the years of the post-revolutionary period and the time of the New Economic Policy. The exhibition also presented Russian securities of the 1990s, when the country started large-scale economic reforms. The displays related to the stock market of the 1920s were borrowed from the MICEX Museum. Among the most interesting exhibits were the only government premium loan of 1922, signed by Chairman of the Soviet Government V.Lenin, the government loan issued by the Provisional Government with surcharge “RSFSR”, a 1923 share issued by Dobrolyot voluntary association and a drawing by a well-known artist Alexander Rodchenko. The Russia of the perestroika-to-Putin period was represented by infamous vouchers signed by A.Chubais, the full collection of papers issued by MMM sham company, a membership card of S.Mavrody’s (president of MMM) Party of People’s Capital as well as by GKO bonds intended to be issued for the population.
The auction, organized by Russian Auction House, presented Russian securities of the late 19th – early 20th centuries as well as the papers of the first years of the Soviet Power. Besides, the auction offered securities of such world-known foreign companies as Mercedes, Rolls Royce and Hollywood studios. Eleven lots were sold at the average price of $200, among them Russian and Soviet securities.
The event included the opening of the web-page of the MICEX Exchange Business History Museum. It was opened 18 months ago and now it has its web-page, which can be found on the MICEX site. The museum is the first of its kind, although exchange business in Russia has centuries-old history.
“It is only logical that the MICEX has been among the organizers of the exhibition of securities”, said the MICEX CEO Alexander Potemkin. The history of the modern Russian stock market is inseparably linked with the MICEX. Over more than ten years of work in the financial market, the MICEX has become Russia’s leading stock floor. Today, over 400 different financial instruments trade on the MICEX, which include, besides governments bonds, 153 stocks of 90 issuers and 202 issues of corporate and regional bonds of 146 issuers. The MICEX accounts for over 80% of the turnover of the exchange stock market of Russia. “Possessing extensive experience in reviving the stock market we feel it is our moral imperative to assist the revival of the market of ancient securities and make it enjoy the same recognition and popularity as it enjoys in counties with a developed market economy”, noted the MICEX CEO.
The official sponsor of the exhibition was Diasoft Company.
