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In 2020, Sotheby's overtook Christie's as the world's top auction house for the first time since 2011, with over $5 billion in aggregate sales compared to its rival's $4.4 billion. [56] As of late 2021, Drahi's son, Nathan Drahi, was the managing director of Sotheby's Asia. [65]
The Aalsmeer Flower Auction building is the ninth largest building by floor area in the world, covering 999,000 square metres (10,750,000 sq ft; 247 acres). [ 1 ] [ 2 ] [ 3 ] Flowers from all over the world — Europe , Israel , Ecuador , Colombia , Ethiopia , Kenya , and other countries — are traded every day in this gigantic building.
Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction date. Some of the best known auction houses are Christie's and Sotheby's. The oldest auction house is Stockholm Auction House (Stockholms Auktionsverk). It was established in Sweden in 1674.
Lempertz is a member of the "International Auctioneer" (IA AG) group, which was founded in 1993 and brings together eight leading independent auction houses from eight countries around the world. The turnover in 2012 was 51 million euros.
Bonhams is a privately owned international auction house and one of the world's oldest and largest auctioneers of fine art and antiques. It was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale.
Parke-Bernet Galleries was an American auction house, active from 1937 to 1964, when Sotheby's purchased it. The company was founded by a group of employees of the American Art Association, including Otto Bernet, Hiram H. Parke, Leslie A. Hyam, Lewis Marion and Mary Vandergrift.
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The auction house is the physical facility where the objects are catalogued, displayed, and presented to the perspective buyers through a bidding process system. An auction house The private individual or company managing the house, usually offer services such as clearances, collection of items, shipping, while also advising through valuations ...