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Popular in parts of England in the seventeenth and eighteenth centuries, the auction of the sail was the preferred method for the sale of property and leases. The auction began with the lighting of a candle that started about bidding. The process continued until the candle finally extinct. The highest offer guaranteed at this point won the auction. It was used from about 1490 to 1893 and is sometimes used even today in solemn ceremonies. After 1674, was gradually replaced by English auction. Both types of auction are open ascending auction.
The auction house in Stockholm was established in 1674 in Sweden and is widely regarded as the oldest auction house in the world.
Shortly after the end of the French Revolution in 1799, wine auctions to be held in taverns, now known as bars and cafes, similar to a cafà ©, with the purpose of selling art. These types of auctions were held on a daily basis, and catalogs were printed to publicize the elements that were available for sale. These catalogs were printed and distributed usually before the auctions of rare or collectible items, like art, jewelry, stamps, and antique furniture. In some cases these catalogs were drawn artworks themselves, since they often include detailed descriptions of items, its origin, historical significance, photographs, etc.
Second-world auction house more largest and third oldest in continuous operation is of Sotheby's. It held its first auction in 1744. In fact, the oldest is Auktionsverk Stockholm, founded in 1674, while the second oldest is Auktionskammare Uppsala, founded in 1731.
The auction house is world's largest Christie's, which specializes in works of art. The company states that the official documents of the founder, James Christie conducted the first sale in London on 5 December 1766. There intense rivalry between the two eminent houses, Sotheby's and Christie's, the situation of most pre-eminent in the world of art auctions.
Another auction houses early importance that are still doing business include:
The Dorotheum, established in 1707, is one of the houses of the world's oldest auction. Based in Vienna, which specializes in furniture, porcelain and jewelry from various centuries.
Bonhams is privately owned house British auction, with its first sale made in 1793. After Sotheby's and Christie's, is the third largest auction house. Records show that takes out about 700 auctions every year.
Phillips, de Pury & Company is an auction house and art dealership specializing in the areas of Contemporary Art, Photography, 20-21st Century Design, art and jewelry. The company was first established as the Phillips auction house, established in London by the young entrepreneur Harry Phillips. He opened his own auction house in 1796 after leaving his post as chief administrative officer of James Christie, Christie's
Lyon & Turnbull is privately owned, and an auction house of international renown. Based in Scotland, was established in 1826. As the oldest auction house in Scotland, which also and holds the position of the largest independent auctioneer in the UK, outside London. It also has the enviable status as the auction house over rapid growth in the UK.
Peter Radford writes Articles with Websites on a wide range of subjects. Auction Articles cover Background, History, Types, Uses, Bidding.
Website has many more Articles.
View his Website at: auctions-how-to-succeed.com
View his Blog at: auctions-how-to-succeed.blogspot.com
Stockholm/Uppsala March Protest
