Lyon & Turnbull

Lyon & Turnbull

Lyon & Turnbull is an international auction house established in Edinburgh, Scotland, in 1826. In the financial world, auction houses like Lyon & Turnbull are getting increased attention as investors turn to alternative investment vehicles. Lyon & Turnbull is a Scottish auction house specializing in fine art and antiques. The house also conducts auctions in the U.S. through a partnership with Freeman's, the Philadelphia-based auction house that is even more venerable than Lyon & Turnbull, having been founded in 1805. Lyon & Turnbull's auctions focus on fine art and antiques, with specialist categories in Scottish, European, and Asian fine and decorative arts. The document was discovered by Lyon & Turnbull in the ancestral home of Scottish descendants of Charles Carroll, one of the original signers, and was sold by Freeman's, its sister auction house in Philadelphia.

Lyon & Turnbull is a Scottish auction house specializing in fine art and antiques.

What Is Lyon & Turnbull?

Lyon & Turnbull is an international auction house established in Edinburgh, Scotland, in 1826. Like its rivals Sotheby's and Christie's, Lyon & Turnbull holds regular sales of art, antiques, collectibles, and jewelry. It has a number of specialist departments, including Scottish art, furniture, and whisky.

In the financial world, auction houses like Lyon & Turnbull are getting increased attention as investors turn to alternative investment vehicles.

Lyon & Turnbull is a Scottish auction house specializing in fine art and antiques.
The company competes with Sotheby's and Christie's in the international market for fine art, antiques, and collectibles.
The market for rare and beautiful objects has grown in recent years as international investors seek alternative investment vehicles.

Understanding Lyon & Turnbull

Lyon & Turnbull is the largest and oldest auction house in Scotland. Through sales offices in London and Edinburgh, it conducts about 35 auctions per year, with online and in-person bidding.

The house also conducts auctions in the U.S. through a partnership with Freeman's, the Philadelphia-based auction house that is even more venerable than Lyon & Turnbull, having been founded in 1805.

Lyon & Turnbull's auctions focus on fine art and antiques, with specialist categories in Scottish, European, and Asian fine and decorative arts. Its partnership with Freeman's adds auctions in American art, furniture, and decorative arts.

The year Lyon & Turnbull was established.

Other Services Offered by Lyon & Turnbull

Aside from their auctioneering, Lyon & Turnbull offers related services, including:

The company regularly holds fundraising auctions and valuation events for charitable causes.

In addition to offering auctioneering services, Lyon & Turnbull and Freeman's publish a magazine twice a year called International View. It contains information about recent auctions and the global art market and interviews with those in the business.

Lyon & Turnbull's partner company in the U.S. is America's oldest auction house. Freeman's was founded in 1805 by Tristam Bampfylde Freeman and remained in the family for six generations. In 2016, controlling interest was transferred to an internal management team.

Real-World Example of a Lyon & Turnbull Auction

The market for fine art and antiques is relatively small, and most auctions occur with little media coverage. Occasionally, a sale captures the public's attention due to a sale item's rarity, the high price it achieved at auction, or both. Some examples:

Related terms:

Alternative Investment

An alternative investment is a financial asset that does not fall into one of the conventional investment categories. read more

Capital Gains Tax

A capital gains tax is a levy on the profit that an investor gains from the sale of an investment such as stock shares. Here's how to calculate it. read more

eSports

ESports mimics the experience of watching a professional sporting event, but spectators watch video game competitions instead of physical events. read more

Estate

An estate is the collective sum of an individual's net worth, including all property, possessions, and other assets. Discover more about estates here. read more

Gemology

Gemology is the scientific study and identification of gemstones; investing in which can be risky for nonprofessionals. read more

Inheritance Tax

Inheritance tax is a tax imposed on those who inherit assets from an estate. Discover who pays inheritance taxes and how much you might owe. read more

Managed Futures Account

A managed futures account is a type of alternative investment vehicle. It is similar to a mutual fund but it focuses on futures and other derivatives. read more

Sotheby's

Sotheby's is one of the world's largest auction houses and brokers of art, collectibles, jewelry, and real estate. read more

Systematic Investment Plan (SIP)

A systematic investment plan involves putting a consistent sum of money into an investment on a regular basis to take advantage of dollar-cost averaging. read more

Wasting Trust

A wasting trust is a fund that is receiving no new contributions but will continue to pay benefits until its assets are exhausted. read more