An Auction House is a venue or platform where items are sold to the highest bidder. These items can include art, antiques, collectibles, and real estate. Bidders participate in the auction by placing competitive offers, and the item is sold to the person who offers the most money. Auction houses often provide expert appraisals and marketing to attract potential buyers. Many well-known auction houses, such as Sotheby's and Christie's, have a long history and are recognized globally. They conduct live auctions, online auctions, and private sales, catering to various markets and clientele. Auction houses play a significant role in the buying and selling of valuable items.