The Hudson’s Bay Company, one of the world’s oldest operating companies, announced plans to auction some of its most historically significant Canadian artifacts, including the original Royal Charter of 1670. The move comes as the retailer faces $950 million in debt and undergoes liquidation proceedings, with only six of its stores set to remain open across Canada.
While clearance sales are underway at stores slated for closure, the company stated that the auction of historical items will be handled separately to preserve their cultural and national value. The process will be facilitated by a fine art auction house in collaboration with Reflect Advisors, LLC.
Founded as a fur trading business in 1670, the company played a foundational role in Canada’s economic and colonial development. The upcoming auction marks a historic moment as these artifacts—some dating back over 350 years—may move into private hands, pending court approval.