What is the history of auctioning?
Auctioning dates back to ancient civilizations, with the earliest recorded auction in Babylon around 500 B.C.
How did auctions evolve over time?
Auctions evolved from simple barter systems to formalized events, with notable developments in Rome and later in medieval Europe.
What types of auctions are there today?
Today, there are various types of auctions, including English, Dutch, sealed-bid, and online auctions.
Who are some famous auction houses?
Famous auction houses include Sotheby's, Christie's, and Bonhams, known for high-profile art and antiques sales.
What are some notable auction events in history?
Notable events include the auction of the Mona Lisa in 1962 and the sale of the Salvator Mundi for $450 million in 2017.
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