Search
Auction house
01
a company in the business of selling items at auction
What is an "auction house"?
An auction house is a company that helps with the sale of items by holding auctions. They organize events where various items, such as art, antiques, and rare items, are sold to the highest offer. Auction houses provide a place for sellers to show their items and for buyers to make offers, often hosting both live and online sales. They also offer services such as assessments and marketing to attract potential buyers.
Example
The auction house in town regularly hosts sales of antiques, jewelry, and rare books, attracting both local enthusiasts and international bidders.
Christie's and Sotheby's are renowned auction houses known for selling fine art and collectibles to high-profile collectors worldwide.
He attended an auction at a prestigious auction house to bid on a painting by a famous artist that had been in private hands for decades.
Online auction houses have become increasingly popular, allowing people to bid on items from the comfort of their homes using digital platforms.
The estate decided to consign their collection of vintage cars to an auction house specializing in automotive auctions.
