Oil on panel
11 x 14 inches
"Tulipmania"-17th Century Dutch speculative mania for tulips. A gambling binge fueled by an explosive increase in the supply of money in the Netherlands from 1630-38 from profits of trade with Spain and through Spain with the New World, along with the mining of an enormous quantity of silver, caused rising prices. A tulip buying frenzy ensued and by 1636 a formal futures market had developed for the tulip market. In 1637 the government cancelled all contracts, left the growers without buyers and prices crashed.
"Mania" depicts the gamble on tulips and the sting that occurred.
Rehs Contemporary Galleries, Inc., New York City