Stockholms Auktionsverk was founded in 1674, on the initiative of Baron Claes Rålamb, who was Governor of Stockholm at that time. As such, we are the oldest auction house in the world still operating today. We have sold items in styles now known as Baroque, Rococo and Gustavian while they were contemporary. Our list of distinguished customers over the centuries features names such as King Karl XI, King Gustav III, our Swedish national bard Carl Michael Bellman, and authors August Strindberg and Selma Lagerlöf.
Today, Stockholms Auktionsverk is a leading Nordic marketplace for art, crafts, and antiques from a variety of ages and epochs. Stockholms Auktionsverk has auction houses in Stockholm, Gothenburg, Malmö and Helsingborg, as well is in Finland and Germany.
Stockholms Auktionsverk is a “stock exchange trading floor” for Swedish and international art, antiques, and design. Our business is built on confidence, knowledge, tradition, and personal contacts. Our staff are highly educated experts in a range of specialist areas, different cultures and historical periods in art, applied art and antiques. Since May 2021, Stockholms Auktionsverk is owned by Auctionet. Our network of Swedish and international customers, dealers, and collectors is large and constantly growing.
On February 27, Stockholms Auktionsverk celebrates its 350th anniversary, marking a historic milestone for the world’s oldest auction house. Founded on the initiative of Baron Claes Rålamb – governor-general of Stockholm and a pioneer in the auction world – who issued the founding auction chamber ordinance in 1674.
“Over the years, Stockholms Auktionsverk has been a staple marketplace, but also a meeting place for Stockholmers and, in recent years, for the rest of the world as well. With us, items have changed hands for 350 years; someone’s unwanted possessions become someone else’s beloved treasures. We have auctioned off some of the country’s finest art treasures, which not only represent significant monetary value but are also highly valued on a cultural-historical level. Works that manage to capture the Swedish soul, art that is an honor to be around but also constitute important work for us to preserve for future generations,” says Victoria Svederberg, head of the art department at Stockholms Auktionsverk.
For three and a half centuries, Stockholms Auktionsverk has been a focal point for extraordinary artworks and antiques – each a small part of history. When Anders Zorn’s “Omnibus” was sold to the National Museum for 1.2 million SEK in 1981, it was the most expensive Swedish painting ever auctioned. However, the most famous painting ever sold at Stockholms Auktionsverk is Rembrandt’s “Kökspigan” from 1651. During the 18th century, it was owned by Eva Bielke, but after her passing it was sold at Stockholms Auktionsverk in 1779, along with several other artworks, to a new renowned owner – King Gustav III, who received the royal privilege to choose first from the private art collection auctioned at Stockholms Auktionsverk in 1779. In 1866, “Kökspigan” was transferred to the National Museum’s collections, where it still resides.
Behind the doors at Nybrogatan 32 stands the clock that has signaled auctions at Stockholms Auktionsverk for 310 years. From 1727, the bell was used to summon the public to auctions twice a week, on Mondays and Thursdays. After 1858, the number of days doubled, and during the peak seasons – now referred to as the spring and fall auction seasons – auctions could take up to six days of the week. The auction chamber was state-run and operated between 1674 and 1790 from Själagårdsgatan 19 in the Old Town. In 1790, it moved to the Polus house on Myntgatan and in 1836, further to Birger Jarls torg on Riddarholmen, where it remained for over a century. In 1949, it moved to the Bonnier house on Torsgatan, ten years later to Norrtullsgatan 6, and in 1977 to Stockholm city and Beridarebansgatan in the premises under the Gallerian. In 2002, it moved to its current location at Nybrogatan 32.
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Year: 1674
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Source: https://www.auktionsverket.com/en/our-history/
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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