An art auction is the sale of art works, in most cases in an auction house.
In England this dates from the latter part of the 17th century, when in most cases the names of the auctioneers were suppressed. In June 1693, John Evelyn mentions a "great auction of pictures (Lord Melfort's) in the Banqueting House, Whitehall", and the practice is frequently referred to by other contemporary and later writers.
Normally, an auction catalog, that lists the art works to be sold, is written and made available well before the auction date.
Some of the best known auction houses are Christie's and Sotheby's.
Read more about Art Auction: History, Contemporary Market Structure, Controversy
Famous quotes containing the words art and/or auction:
“We do not fear censorship for we have no wish to offend with improprieties or obscenities, but we do demand, as a right, the liberty to show the dark side of wrong, that we may illuminate the bright side of virtue—the same liberty that is conceded to the art of the written word, that art to which we owe the Bible and the works of Shakespeare.”
—D.W. (David Wark)
“The white American man makes the white American woman maybe not superfluous but just a little kind of decoration. Not really important to turning around the wheels of the state. Well the black American woman has never been able to feel that way. No black American man at any time in our history in the United States has been able to feel that he didn’t need that black woman right against him, shoulder to shoulder—in that cotton field, on the auction block, in the ghetto, wherever.”
—Maya Angelou (b. 1928)