Auctions and the Making of the Nabob in Late Eighteenth-Century Calcutta and London

Abstract

This article examines the meanings and controversies surrounding sales by public auction in British colonial Calcutta and in London during the last decades of the eighteenth century. For Britons living in Calcutta's European sector, auctions were essential for acquiring imported European items that granted a sense of gentility and Britishness abroad. Public sales in Calcutta provided Britons with goods that instilled the fantasy of living in a British geography in India. However, by the last quarter of the century, ‘sales by hammer’ throughout the colonial world carried association with corruption, cruelty, and orientalization in the metropolitan imagination. In Britain, textual and visual accounts circulated of Europeans transforming into debauched ‘nabobs’, of the horrors of American slave auctions, and of the British East India Company's use of public sales to defraud and abuse prominent Indians. For some metropolitan observers, sales by hammer were a deceitful means of seizing property and status from the traditional landed elite of India and Britain. British critics feared that colonial auction practices could become common in Britain and could lead to the upending of social hierarchization and the normalization of slavery in the metropolis.

Review of periodical literature for 2022: (iv) 1700–1850

“…He argued that migration studies should pay closer attention to the voyages themselves, since these have been largely understudied. Rasico explored the economic, social, and cultural contexts of auctions in Calcutta and London. The author emphasized that auctions in both geographical contexts brought public outcry based on the perception that auctions disrupted material distinctions.…”