Francesco Balducci Pegolotti

Who is Francesco Balducci Pegolotti?

Francesco Balducci Pegolotti, also Francesco di Balduccio, was a Florentine merchant and politician. His father, Balduccio Pegolotti, represented Florence in commercial negotiations with Siena in 1311. His brother, Rinieri di Balduccio, was suspected of connivance in the disappearance of a gold shipment in 1332.

Francesco Pegolotti himself was a businessman in the service of the Compagnia dei Bardi, and in this capacity we find him at Antwerp from 1315 to 1317. He was a director of the London office from 1317 to 1321, and is recorded as having dealt directly with King Edward II. He was in Cyprus from 1324 to 1327, and again in 1335. In 1324 at Famagusta he negotiated a reduction of customs duties for the Compagnia dei Bardi and for those identified as Florentine merchants by the Bardi representative in the city. In 1335 he obtained from the King of Armenia a grant of privileges for Florentine trade. In 1331 and again in 1342 he was involved in Florentine politics as a Gonfalionere di Compagnia; in 1346 he held a higher position, Gonfalionere di Giustizia. In 1347, when the Compagnia dei Bardi collapsed, Pegolotti was among those who dealt with the consequences of the bankruptcy.