What is the history of auction houses?
Auction houses date back to ancient Rome, where goods were sold to the highest bidder. Over time, they evolved into formal institutions.
When did the first modern auction house open?
The first modern auction house, Sotheby's, was established in London in 1744, specializing in rare books.
How have auction houses changed in the digital age?
In the digital age, auction houses have embraced online bidding, expanding their reach and allowing global participation.
What are some famous auction houses today?
Some of the most famous auction houses today include Sotheby's, Christie's, and Bonhams, known for high-profile sales.
Can you tell me about a notable auction event?
One notable auction event was the sale of Leonardo da Vinci's Salvator Mundi at Christie's in 2017, which sold for $450 million.
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