auction-house

Gavel-wielding sales establishment

An auction-house is a business that conducts auctions, selling goods to the highest bidder on behalf of consignors.

Major auction houses like Christie's and Sotheby's handle fine art, antiques, and collectibles, while others specialize in everything from real estate to livestock.

The auction house typically takes a commission from both buyer and seller.

The estate sent the paintings to an auction-house for appraisal and sale.

commerce

bidding

Offering prices or obeying

reserve price · hammer price · buyer's premium · paddle · catalog · estimate · provenance · commission · private sale · valuation

prestige

Sotheby's

Major fine art auctioneer

masterpiece · rare · collectible · connoisseur · expert · specialist · authentication · attribution · scholarly · blue-chip

categories

fine art

Aesthetic visual creations

watches · wine · automobiles · furniture · decorative arts · antiquities · Asian art · African art · photographs · prints

events

preview

Advance showing sample

benefit · gala · estate sale · liquidation · bankruptcy · dispersal · anniversary · seasonal sale · opening night

operations

warehouse

Bulk goods storage building

insurance · restoration · framing · photography · marketing · registrar · porter · cashier · settlement · payment

Opposites
sales mechanism

auction-houseretail shop

Consumer goods establishment

department store · boutique · showroom · supermarket · retail store

market accessibility

auction-housedollar store

Retailer selling inexpensive goods

thrift shop · flea market · garage sale · yard sale · Walmart

transaction direction

auction-housereverse auction

Suppliers bid down to win

buyer's market · Dutch auction · wholesale buyer

Family

auction, house, auctions, auctioned, auctioning, auctioneer, auctioneers, houses, housed

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G