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Stockholms Auktionsverk (Swedish for "Stockholm's Auction House") founded in 1674 in Sweden is the world's oldest auction house.
Several times each year at the Nybrogatan 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, slightly more than competitor Bukowski Auktioner AB, 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.
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