Auctions History
Comments (0) 
Story: Continued
Popular in parts of England in the seventeenth and eighteenth centuries, the auction of the candle was the preferred method for the sale of assets and leases. The auction began with the lighting of a candle that started about bidding. The process continued until they finally extinguished the candle itself. 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 the English auction. Both types of auctions are ascending auctions open.
The house Stockholm auction was established in 1674 in Sweden and is widely regarded as the world's oldest house of the auction.
Shortly after the end of the Revolution French in 1799, wine auctions to be held in taverns, now known as bars and cafes, a coffee-like, in order to sell art. These types of auctions were carried out on a daily basis, and catalogs were printed to publicize the elements that were available for sale. These catalogs are usually printed and distributed before auctions of rare or collectible items, like art, jewelry, stamps, and antique furniture. In some cases these catalogs are produced works of art themselves, as they often include detailed descriptions of items, its origin, historical significance, photographs, etc.
The world in the second largest and third oldest auction house in continuous operation is Sotheby's. It held its first auction in 1744. In fact, the oldest house in the Auction is Auktionsverk Stockholm, founded in 1674, while the second oldest is Auktionskammare Uppsala, founded in 1731.
The largest auction house the world is Christie's, which specializes in works of art. The company's official documents stating that the founder, James Christie conducted the first sale in London on 5 December 1766.
There is intense rivalry between the two eminent houses of Sotheby's and Christie's, the situation of the most pre-eminent in the world of art auctions.
Other auction houses important principles that are still doing business include:
The Dorotheum, established in 1707, is one of the oldest auction houses in the world. Headquartered in Vienna, which specializes in furniture, porcelain and jewelry from different centuries.
Bonhams is privately owned British auction house, with its first sale made in 1793. After Sotheby's and Christie's, is the third largest auction house. Records show that conducts about 700 auctions every year.
Phillips, de Pury & Company is an auction house and art dealership that specializes 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 James Christie, Christie's
Lyon & Turnbull is privately owned, and an auction house of international repute. Based in Scotland, was established in 1826. As the oldest auction house in Scotland, which also holds the position as the largest independent auctioneer in the UK, outside London. Also has the enviable status as the home of the fastest growing auction in the UK.
Auctions – How to Succeed
Peter Radford writes Articles with Websites on a wide range of topics. Auction items cover background, history, types, uses, Bid.
Website has many more.
See their website at: auctions-how-to-succeed.com
View his blog at: auctions-how-to-succeed.blogspot.com
About the Author:
Article Source: ArticlesBase.com – Auctions – How to Succeed 3
The History of Auctions
Themocracy