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The largest on-site contents auction to date, by proceeds value, is Viscount Leverhulme's Thornton Manor in the Wirral, raising over £9.5 million in 2001. However, in present-day values, the largest is still probably the Earl of Rosebery 's Mentmore Towers in Buckinghamshire, which generated over £6 million in 1977.
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In 2016, Bonhams held its first online-only auction; the sale of watches from the collection of a European nobleman. [citation needed] In September 2018, Bonhams was acquired by the UK-based private equity company, Epiris. [8] In January 2022, Bonhams acquired the Nordic auction house Bukowskis for an undisclosed sum. [9]
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. [2] In 2022 it was owned by the Mercury Group, a Russian luxury goods company. [3]
In the United States, public auctions to satisfy judgments are usually conducted under the authority of the sheriff of the county or city in which the property to be auctioned was seized pursuant to the judgment, and an auction held for such a purpose is also called a sheriff's sale or sheriff sale. [5] [6] [7]
Christie's American branch at Rockefeller Center in New York. 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, Amsterdam, Geneva, Shanghai, and Dubai. [3]
In 2010, The Independent called the firm "a prominent London auction house, specialising in militaria". [11] Noonans is the largest numismatics auctioneer in London; it had £11.7m of total hammer sales in 2018. [12] In September 2019, it increased its buyer's premium to 24%, becoming the first UK numismatics auctioneer to go above 20%. [12]
An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening bid, a starting price, or a reserve for the item on sale. Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone ...