An auction house is a business establishment that facilitates the buying and selling of assets, such as works of art and collectibles.
An auction house is a business establishment that facilitates the buying and selling of assets, such as works of art and collectibles.
An art auction or fine art auction is the sale of art works, in most cases in an auction house.
In England this dates from the latter part of the 17th century, when in most cases the names of the auctioneers were suppressed. In June 1693, John Evelyn mentions a "great auction of pictures (Lord Melfort's) in the Banqueting House, Whitehall", and the practice is frequently referred to by other contemporary and later writers.
An antique (from Latin antiquus 'old, ancient') is an item perceived as having value because of its aesthetic or historical significance, and often defined as at least 100 years old (or some other limit), although the term is often used loosely to describe any object that is old. An antique is usually an item that is collected or desirable because of its age, beauty, rarity, condition, utility, personal emotional connection and/or other unique features. It is an object that represents a previous era or time period in human history. Vintage and collectible are used to describe items that are old, but do not meet the 100-year criterion.
Antiques are usually objects of the decorative arts that show some degree of craftsmanship, collectability, or an attention to design, such as a desk or an early automobile. They are bought at antique shops, estate sales, auction houses, online auctions and other venues, or estate inherited. Antiques dealers often belong to national trade associations, many of which belong to CINOA, a confederation of art and antique associations across 21 countries that represents 5,000 dealers.
Christie's is a British auction house founded in 1766 by James Christie. Its main premises are on King Street, St James's in London, and it has additional salerooms in New York, Paris, Hong Kong, Milan, Geneva, Shanghai, and Dubai. It is owned by Groupe Artémis, the holding company of François Pinault. In 2022 Christie's sold US$8.4 billion in art and luxury goods, an all-time high for any auction house. On 15 November 2017, the Salvator Mundi was sold at Christie's in New York for $450 million to Saudi Prince Badr bin Abdullah Al Saud, the highest price ever paid for a painting.
Phillips, formerly known as Phillips the Auctioneers and briefly as Phillips de Pury, is a British auction house. It was founded in London in 1796, and has head offices in London and in New York City. In 2022 it was owned by the Mercury Group, a Russian luxury goods company.