Stockholm Auction House
Encyclopedia
Stockholms Auktionsverk (Swedish
Swedish language
Swedish is a North Germanic language, spoken by approximately 10 million people, predominantly in Sweden and parts of Finland, especially along its coast and on the Åland islands. It is largely mutually intelligible with Norwegian and Danish...

 for "Stockholm's Auction House"), founded in 1674 in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

, is the world's oldest auction house.

Several times each year at the Nybrogatan
Nybrogatan
Nybrogatan is a street in the borough of Östermalm in central Stockholm, Sweden. Approximately one kilometre in length, it stretches north from Nybroplan to Valhallavägen....

 showrooms in central Stockholm, high quality items are sold by auctions requiring about 90 seconds per item. Fortnightly at "Magasin 5" in the Port of Stockholm area chattel, etc are sold, each item requiring about 20 seconds.

The turnover is about SEK 500,000,000 per year, about the same as competitor Bukowski Auktioner AB
Bukowskis
Bukowskis is a Scandinavian fine art and antique auction house established in 1870 by the Polish nobleman Henryk Bukowski in Stockholm, Sweden. In 1979, an office was opened in Helsinki, Finland. In 2008 an office was opened in Moscow.-External links:**...

, established in 1870. Apart from serving the domestic market for art and antiques these two auction houses (and also third-ranking Uppsala Auktionskammare, established in 1731) are prominent in the lively Russian art market.

History

This business was founded by Baron Claes Rålamb in 1674. Its services have been used by clients like Sweden's King Charles XI
Charles XI of Sweden
Charles XI also Carl, was King of Sweden from 1660 until his death, in a period in Swedish history known as the Swedish empire ....

, who sold some hunting rifles for 900 silver coins, Sweden's King Gustav III
Gustav III of Sweden
Gustav III was King of Sweden from 1771 until his death. He was the eldest son of King Adolph Frederick and Queen Louise Ulrica of Sweden, she a sister of Frederick the Great of Prussia....

, who acquired Rembrandt’s painting entitled “Kitchen Maid”, and Swedish playwright August Strindberg
August Strindberg
Johan August Strindberg was a Swedish playwright, novelist, poet, essayist and painter. A prolific writer who often drew directly on his personal experience, Strindberg's career spanned four decades, during which time he wrote over 60 plays and more than 30 works of fiction, autobiography,...

, who purchased some books.

In 1993, private owners purchased Stockholms Auktionsverk from the City of Stockholm.
Niclas Forsman is the current CEO and a partner.
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