A few centuries ago — before the peak of the dot-coms and the housing market and, well, banks and investment companies — it was a flower that caused a giant investment craze and its subsequent crash.
Drawn by their intense color and beauty, wealthy 16th and 17th century Dutch and Germans paid increasingly extravagant prices for the Turkish exports. In 1634 a Dutch man paid roughly half his fortune for a single bulb, solely for the purpose of admiring it. The mania continued to increase. More and more people sold their houses and land to purchase tulips, until their money was fairly worthless, goods and services were priced beyond what people could afford, and people had to barter in the bulbs. Still, they threw themselves lavish parties, with beautiful tulips everywhere, until at last a tulip deal, for 10 Semper Augustus bulbs, went sour. On that first default, people started to panic. Prices dropped precipitously, and people found themselves in financial ruin.
This is the Semper Augustus bulb:
Luckily, today, in the U.S. in 2010, I can get beautiful tulip bulbs for under $1 apiece, refrigerate them (through our mild northern California winters), plant them, and have a deck full of lovely tulips in spring. All but the last of this year’s tulips are a memory. But, what a memory they were!
Pictured at the very top of this post and above, is the Parade tulip, which performed extremely well. The bulbs are huge, and the bright vermilion red flower sits atop a sturdy stem that rises to a great 22″-24″ height. They seemed to last a long time, too. I planted them to alternate with the Golden Apeldoorn tulips. Both are Darwin Hybrids that came up at the same time, in the middle of tulip season.
On sunny mid-afternoons, their petals would fly open in the sun.
A beautiful companion to the Parade, the Golden Apeldoorn matched it in size, color and majesty. It has a wonderful rich yellow color, a beautiful shape and a sturdy 22″-24″ stem.
You can’t beat this bright, cheery color combination for welcoming spring.
My next post will feature my other spring tulips: Apricot Beauty, Beau Monde, Negrita and White Parrot.
Tulip history is from the excellent 1841 (reprinted in 1980) book, Extraordinary Popular Delusions & the Madness of Crowds, by Charles Mackay.
More information about choosing, storing and planting tulips can be found in my earlier post here.
Photos by Susan Sachs Lipman, Drawing, Public Domain.