An auction house is a business establishment that facilitates the buying and selling of assets, such as works of art and collectibles.
5-587: Tennants is an auction house based at Leyburn in North Yorkshire , England. It claims to be the largest family-owned fine art auctioneers in the United Kingdom. The firm holds some 80 auctions a year and attracts buyers and sellers from around the world. It has twenty-seven specialist departments. Tennants premises include the Garden Rooms, a multi-purpose events and concert venue with
10-467: A capacity for 640 people. The firm originated in Middleham , near Leyburn, where Edmund Tennant (born 1876) was a stonemason, grocer and agricultural merchant. His son Edmund expanded the business into auctioneering. The younger Edmund's sons John and Rodney also became auctioneers, and in 1971 John established himself at Leyburn. By 1988 the business focussed solely on fine art and antiques. In 1993
15-463: The current 40,000 square feet (3,700 m) salerooms were opened at Leyburn, and the Garden Rooms were added in 2014. 54°18′24″N 1°48′54″W / 54.3068°N 1.8151°W / 54.3068; -1.8151 Auction house The auction house is the physical facility where the objects are catalogued, displayed, and presented to the perspective buyers through a bidding process system. The private individual or company managing
20-523: The house, usually offer services such as clearances, collection of items, shipping, while also advising through valuations, and on fixing reserve amounts. Two auction houses emerged in eighteenth-century England that persisted leading the market. Initially specializing in the auctioning of books and literary goods, Sotheby's was founded in 1744, and in 1766 Christie's opened by auctioning paintings and decorative arts. Auctioned goods may vary from fine wines to toys, from furniture to entire estates. As
25-492: The range of goods sold at these auction houses expanded, they opened auctions over the phone first, and on the Internet after, making possible purchasing goods fully remotely. One of the most relevant roles within an auction house is the auctioneer , who has the task of conducting the actual auction. The auctioneer declares the rules of the auction, inform the sequence of items being sold, acknowledges bids made, and announces
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