11/11/2025
The Wool Exchange (later Winfield Building)
487-495 Collins Street, Melbourne
In this photograph, bathed in a ray of light, the beautiful detailing of the façade of the Wool Exchange is accentuated. Designed in a Queen Anne-style, its rounded arched windows contrast with the pointed-arched openings of the Gothic-Revival Rialto (1889) and the New Zealand Chambers (1888) that flank it. The red brick façade of the Wool Exchange is relieved with bands and detailing of cement render, and two distinct features of the composition are the large gable facing Collins Street and the conical roofed tower at its corner adjacent to the Rialto.
The Wool Exchange was designed by the architects Charles D’Ebro and Richard Speight jnr, and opened on 5 October 1892. The building at the time of its completion extended back to Flinders Lane. Inside the Wool Exchange was what was described as a ‘handsome and spacious hall’ where wool was auctioned. Up to 210 auction bidders could be seated in the hall.
The building's use as a wool exchange was relatively short lived. By 1914, a new wool exchange had been built at the northeast corner of King and Little Collins Street (that building still extant). After it was decommissioned, the old wool exchange was renamed the Winfield Building, this name probably derived from the adjacent lane separating it from the Rialto that was called Winfield Square. This lane was below the grade of Collins Street and was entered from Flinders Lane. Only the front, Collins Street, portion of the old Wool Exchange remains. It, with the Rialto and the lane, today form the Intercontinental Hotel complex.
Photographer: Algernon Darge
Source of Photograph: State Library of Victoria