Pennsylvania Auctioneer Practice Exam

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What and where is the oldest auction house in America?

  1. Boston (Sotheby's)

  2. Chicago (Christie's)

  3. New York (Bonhams)

  4. Philadelphia (Freemans)

The correct answer is: Philadelphia (Freemans)

Today, most people are familiar with the international auction houses Sotheby's and Christie's, but they did not originate in the United States. Bonhams also has its roots in Europe, and only established a presence in New York in the 20th century. Freemans, on the other hand, was founded in Philadelphia in 1805 and is considered the oldest auction house in America. It is known for its sales of American art, furniture, and decorative arts, and has remained in the same family for over 200 years. This makes option D the oldest and most historically significant option among the choices provided.

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