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DAY 326 | ART FROM THE INSIDE OUT |
The Auction House
THE ART OF THE DEAL
Almost anything can be sold at auction—from livestock and antiques to silverware and fine works of art. Auction houses have been providing a service to millions of investors since recorded human history. Derived from the Latin word augere, meaning “to augment” or “to increase,” the oldest auction house, Stockholm Auction House in Sweden, dates to 1674. By the 18th century, art auctions were held in public gathering spaces, such as coffeehouses or taverns, with pre-printed catalogs detailing the works to be sold. Many contemporary auction houses such as Sotheby’s (founded ...
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