Fun Facts
- The word “auction” derives from the Latin word “auctus,” which means “increasing".
- Records handed down from ancient Greeks document auctions occurring as far back as 500 B.C.
- In Rome, around the time of Christ, auctions were popular for family estates and the selling of war plunder.
- One of the most significant historical auctions occurred in 193 A.D. when the Praetorian Guard put the entire Roman Empire on the auction block.
- Candles were used in the 1700s at auctions to declare the winner. If you were the high bidder at the time the candle extinguished itself, you won the auction.
- America’s first president, George Washington, was an avid auction buyer.
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