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Today In History with The Retrospectors
Christie's First Auction
Dec 5, 2024
Discover the fascinating origins of Christie's auction house, starting with James Christie's groundbreaking sale in 1766. Explore how his innovative techniques transformed public auctions and attracted aristocratic clientele. Dive into the colorful characters of 18th century London who were part of his inner circle. Uncover the intriguing psychology of bidding and the theatrical nature of the auction experience. Plus, find out the price tag for a two-headed taxidermied lamb!
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Quick takeaways
- James Christie's first auction in 1766 transformed the auctioning landscape by showcasing everyday items, laying the groundwork for future success.
- His strategic connections with influential figures of 18th century London facilitated Christie's rise in reputation and established him as a key player in the art market.
Deep dives
The Birth of Modern Auctioning
The first auction held by Scotsman James Christie in 1766 marked the inception of modern auctioneering. Initially, the auction featured everyday items from a deceased nobleman, including furniture and chamber pots, rather than high-value artworks. The sale generated significant income compared to its humble beginnings, ultimately earning £174, which is about $38,000 today. This initial success laid the groundwork for Christie's eventual rise as a premier auction house, showcasing the potential of auctioning as a lucrative enterprise.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode