What is an "auction house"?

An auction house is defined as a commercial establishment that facilitates the sale of personal property through the auction process. It serves as a venue where sellers can list their items, and potential buyers can bid on them, often in a competitive and open environment. Auction houses typically deal with a variety of goods, such as antiques, collectibles, vehicles, art, and more, rather than being limited to one specific category like real estate, livestock, or only online listings.

This establishment often provides additional services to support the auction process, such as appraisals, marketing, and the management of the auction itself, ensuring that the transaction proceeds smoothly and transparently. The focus on personal property and facilitating the auction process makes it distinct from other options that suggest exclusivity to certain types of sales or platforms.