Saturday 15th April 2017

Property of a lady of title - Anglo American Panama Canal historical interest - THE HAY-PAUNCEFOTE TREATY CUP - a very fine silver three handled trophy cup by Tiffany & Co., circa 1900, inscribed in low relief 'To His Excellency / The Rt. Hon. Lord Pauncefote of Preston / G.C.B. G.C.M.G. / as a token of esteem and affection / from / John Hay / 1900', the second side chased with the seated figures of Britannia and Columbia shaking hands, above the Royal Coat-of-Arms, the third side with the seated figures of the goddesses Demeter and Tyche (Greek) or Ceres and Fortuna (Roman) exchanging gifts of corn, above The Great Seal of the United States, the three handles wrapped in fruiting vines with perched eagles below, the base with lion masks and scolling leaves, stamped with the 1891-1902 mark 'TIFFANY & CO. / 14309 MAKERS 9628 / STERLING SILVER / 925-1000 / T / 10 PINTS', 12.8ins. (32.5cms.) high, approximately 3,220 grams, in original Tiffany & Co. fitted oak case (see illustration).   Provenance - (Lord Pauncefote) Julian Pauncefote, 1st Baron Pauncefote GCB GCMG PC (1828-1902), and thence by family descent to the present vendor.   Footnote - in the last years of the 19th century American foreign policy officials began questioning the validity of the Clayton-Bulwer Treaty of 1850, whereby the United States and Great Britain agreed not to take independent action in creating a canal in Central America linking the Atlantic and Pacific oceans.   Negotiations ensued between John Hay, Secretary of State of the United States, and Lord Julian Pauncefote, British Ambassador to Washington, culminating in the signing of the first Hay-Pauncefote Treaty on 5 February 1900, when this trophy was presented.   The treaty provided for joint British and American protection for any trans-Panama canal, but allowed for the United States to build and operate such a canal on its own. The United States Senate was dissatisfied with the wording and amended the treaty to explicitly supersede the Clayton-Bulwer Treaty.   Britain objected and, following further negotiations, the second Hay-Pauncefote Treaty was signed on 18 November 1901.  The key points of this second treaty were that the United States would be authorized to construct and manage a Central American canal, and would guarantee the neutrality of the canal, and, to this end, build fortifications if necessary, and that this canal would always be open to all nations, with fair and equal rates of passage.   The Panama Canal was the result.

Estimate - £ 20,000 - 30,000

Saturday 15th April 2017

Property of a lady of title - an extraordinarily large silver model of a pheasant, late 19th century, modelled standing, marks for Berthold Muller, Neresheimer, Hanau, 35.5ins. (90cms.) long, approximately 1,735 grams, in fitted oak case with labels for Joseph Heming & Co., Conduit Street, London (see illustration).

Estimate - £ 6,000 - 8,000