Canada’s wealthiest families unite to bid $18M for historic Hudson’s Bay charter
Two of Canada's wealthiest families, the Westons and Thomsons, have joined forces to bid for the royal charter that established the Hudson's Bay Company. The opening bid is set at $18 million, with the families also committing $5 million for conservation and public access initiatives.
Initially, the Westons and Thomsons separately sought to acquire the charter. However, they have now united their efforts to secure the historic document. If successful, they plan to donate it to a consortium of four public institutions: the Archives of Manitoba, the Manitoba Museum, the Canadian Museum of History, and the Royal Ontario Museum. Hudson's Bay aims to obtain court approval for the auction next week.
The Westons and Thomsons' combined bid signals their commitment to preserving Canada's heritage. If the auction is approved and they win, the charter will be accessible to the public through the designated institutions, ensuring its historical significance is maintained for future generations.
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