On September 21st, 1906, Col. Carey M. Jones, the well-known livestock auctioneer and president of the Jones National School of Auctioneering and Oratory, formerly located at Davenport, Iowa, has just moved his school to Chicago, Illinois, and will be located hereafter at 231 Ashland boulevard, Chicago. Col. Jones says that the superior advantages afforded by the city of Chicago both for the school and Its students has decided the removal. The term of the school hereafter will be Increased to six weeks, although the price for tuition remains the same, $100, which Includes nil books and necessary stationery. One of the principal advantages of the removal of the school to Chicago will be the auction sales which are held dally at the stock yards. Students being able to attend these sales will mean much to them while taking a course in auctioneering, as it will give them an education in the value of horses and cattle that will be of much benefit to them in their business. The Jones National School of Auctioneering has been quite successful ¦¦ In the location at Davenport, and we predict much greater usefulness for it in the new location. The next term of the school opens November 19th. Col. Jones will be pleased to send any of our readers Interested a prospectus of the school and full particulars concerning the same. He will be glad to hear from those who contemplate making auctioneering a life profession and answer any questions concerning the school that may be desired.
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Source: https://idnc.library.illinois.edu/?a=d&d=WAF19060921.2.39
History of Auctioneering
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In 1964, Sotheby’s expanded itself by buying Parke-Bernet, the USA’s largest fine art auction house at the time. Today, it’s noted as the oldest and largest international firm of fine art auctioneers in the world. It has 80 locations across the globe and sees an annual turnover of about $4 billion.
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In 1786, Christie’s sold the library of the famous Dr. Samuel Johnson, creator of the Dictionary of the English Language (1755). This collection included insightful books on a variety of topics, including but not limited to medicine, law, math, and theology.
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In 1824, The National Gallery was founded in London. It opened its doors with many purchases from Christie’s. New York’s MET museum also made its first connection to the London market through Christie’s, sending them their first lot for sale in 1958. Today, Christie’s boasts a worldwide influence with locations in Europe, Asia, Africa, and the Americas.
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In June 2019, French-Israeli telecom businessman Patrick Drahi made an offer to buy Sotheby’s for $3.7 billion. This meant that following the acquisition, Sotheby’s could be more flexible in its deals now that it didn’t have to justify expensive guarantees or other benefits to shareholders. This new structure also gave comfort to their higher-profile buyers who would rather not be scrutinized by the public eye. Following the adoption of this new private curtain, the comparison between Sotheby’s and Christie’s was more strongly apples to apples than ever before.
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The auction by candle also played a pivotal role in defining legal history. It was used as a standard procedure in the Court of Chancery, where trust property was sold off. The Sales of Land by Auction Act 1867 officially made it lawful to pay commission to an auctioneer, marking a significant milestone in the auctioneering profession.
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The most valuable picture postcard in the world was sent by Theodore Hook Esq. to himself in 1840 and was bought at the London Stamp Exchange auction, UK on 8 March 2002 by collector Eugene Gomberg (Latvia) for £31,758.75 ($45,370.60). It is also considered to be the oldest postcard in the world.
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The oldest bottle of wine to have been sold at auction was a bottle of 1646 Imperial Tokay, which was bought by John A. Chunko of Princeton, New Jersey, USA and Jay Walker of Ridgefield, Connecticut, USA for SFr 1250 (£;405) including buyers premium at Sothebys, Geneva, Switzerland on 16 Nov 1984.
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The most expensive wine sold at auction is a Romanée Conti 1945 Domaine de la Romanée-Conti bottle, sold at $558,000 (£422,801; €481,976) including premium, auctioned by Sotheby’s in New York, USA, on 13 October 2018.
The 73 year old French Burgundy bottle, part of a 600 batch produced by Domaine de la Romanée-Conti, sold more than 17 times the original asking price of $32,000 (£24,246; €27,640). The mark up in the bottles value is suspected to be a result of Chinese market’s interest in French Burgundy. In addition, the bottle was sold by Robert Drouhin, patriarch of Maison Joseph Drouhin.
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A Batpod motorcycle used in the filming of The Dark Knight Rises (USA, 2012) sold at the 2016 Prop Store Live Auction by Prop Store (UK) on 27 September 2016 for £312,000 ($404,393).
The Batpod was the “hero” vehicle used for filming close-ups, meaning that it had more detail than others used for filming at long distance but is largely non-functioning. The motorcycle was designed by Christopher Nolan and production designer Nathan Crowley, and brought to life by special-effects artist Chris Corbould, who made six of the vehicles. Its pre-auction estimate was between $80,000 and $110,000, so it secured about four times the expected price.
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