auctions at Sotheby's

Sotheby's is a prestigious auction house that specializes in selling fine art, antiques, jewelry, and collectibles. During an auction, items are presented to bidders, who compete by placing increasingly higher bids. The auctioneer facilitates the process, encouraging bids until no one offers more. The highest bidder wins the item and pays the final bid amount, plus any applicable fees. Sotheby's conducts various auctions throughout the year, including live events where bidders are present, and online auctions that allow broader participation. The process combines excitement with the opportunity to acquire rare and valuable items.