10 Things You Didn't Know About Auctions

Updated: Mar 27, 2020

Auctions are often called the second oldest profession….and in fact go back almost as long as recorded history. Greek records dating back to 500 BC document women who were auctioned off as wives. So much more to know there ? It had me thinking, you might all want to know.




Ten Interesting facts about Auctions, because we humans, love lists ! Here goes -


#1 The word “auction” derives from the Latin word “auctus,” which means “increasing.”


#2 Rome was the first nation to license auctioneers.


#3 The Holy Roman Emperor, Marcus Aurelius sold family estates and war plunder at auction.


#4 The “Magister Auctionarium” or Auctioneer drove a spear into the ground to start the auction. Today, many auctioneers use gavels (the little hammer things) but I think we should bring the spear back….


#5 Founded in 1674 Stockholms Auktionsverk is the oldest auction house still in business to this day. (I believe Sotheby’s is second.)


#6 is super cool….Candles were used in the 1700s at auctions to declare the winner.


What ???? Yes…During the seventeenth and eighteenth centuries, it was customary in some parts of England to have auctions by candlelight. When the candle went out, the auction was over……..This techni