Famous Auction House in the World

Art Auction is a way where you can buy or sell a various pieces of art though putting them for a bid. The person who is the highest bidder will get the art and buy it with the amount that he has agreed upon. People practice this long ago, way back 500 B.C.

This way people will determine the value of an item. It was in England during the 17th century where the first ever action documented. The exact date was June 21, 1693. It was announced as the great auction pictures in the Banquetting House, White Hall.

Years gone by, several valuable art pieces have discovered their due price in various Auction Houses. Examples were, “Lady Betty Delme’’ by Reynolds that was auctioned for 11,000 gns, The Portrait of Dr. Gachet by Vincent van Gogh that was sold for $82.5 million on May 15, 1990 at Christie’s New York. I would say that auction is the best way to sell paintings.

Here are some of the famous Auction Houses that was proven as the best evaluators of art:

Christie’s

Founded in London, England on December 5, 1766 by an art evaluator named James Christie, this auction house was known for auctioning the art works of More. Recently, it auctioned off artwork and personal possessions connected to historical figures like Pablo Picasso, Rembrandt, Leonardo da Vinci and Vincent van Gogh.

Sotheby’s

Another famous auction house in the world is Sotheby’s, which is also the oldest auction house that still active and operating in these times. Its first ever auction was controlled by its very own founder, Samuel Baker in 1744. Today, it is said that this auction house has an annual turnover of approximately US$2 billion. It has branches in London’s Posh New Bond Street and in the center of New York, Manhattan.

These two auction houses are always have an extreme rivalry for the position of the world’s best auction house. These two even auctioned contemporary paintings. So if you are a very avid fan of abstract art collection, you can go either of the two and bid for your bet abstract art paintings.

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