Paper money, Bonds and Shares

Spain Autodromo Nacional Share Accion de 500 Pesetas 1923 Sitges-Terramar Barcelona

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Start price: $180

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Description

Barcelona; Large vignettes of the racing-track, cars at speed on a corner, and the viewing stand. Frick Amangue founded Autodromo Nacional, S.A in 1922 to oversee the construction of a new concrete oval for auto and motorcycle racing near Barcelona. This was one of the world first purpose-built racetracks. The track had a length of 2 km and banking in the corners of 60 degrees. The opening meeting “”Gran Permio de Espana”” was held on 28 October 1923. The event was for 2-litre GP cars. No prize money was awarded, as unpaid construction overruns caused the builders to seize the gate receipts, leaving the organizers with no money to pay the drivers. As a result, the track was forbidden to host international races again. Drivers also complained about the entry and exit from the bankings claiming the transition from straight to banking and back again was poorly designed. Catalan Automobile Club continued to hold races in 1925 with little success. It was sold to Edgard de Morawitz in the 1930s. The last known race held on the oval was in the 1950s. Due to the high quality of construction, the track still stand more than 90 years later and are in excellent condition.