Sotheby's

Summary

Sotheby's is the world's fourth oldest auction house in continuous operation.The oldest auction house in operation is the Stockholms Auktionsverk founded in 1674, the second oldest is Gteborgs Auktionsverk founded in 1681 and third oldest being Uppsala Auktionskammare founded in 1731, all Swedish. Sotheby's predecessor, Baker's, was founded in London on 11 March 1744 when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of a certain Rt. Hon. Sir John Stanley. This disposal however was not by means of auction and as Frank Herrmann and Brian Learmount observe, the business did not seek to auction fine arts in general until much later, their first major success in this field being the sale of a Frans Hals painting for 9 thousand guineas as late as 1913.

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