Lyon & Turnbull

DEFINITION of 'Lyon & Turnbull'

An auction house established in Edinburgh, Scotland, in 1826. While smaller than Sotheby’s and Christie’s, Lyon & Turnbull is the largest auction house in Scotland, and has offices in London.

BREAKING DOWN 'Lyon & Turnbull'

Lyon & Turnbull, like several other auction houses, has expanded internationally in order to take advantage of the growing market for art and collectibles. While focusing primarily on the United Kingdom market, it has partnered with Freeman’s, an American auctioneer, in order to reach the U.S. market.

RELATED TERMS
  1. Auction House

    A company that facilitates the buying and selling of assets, ...
  2. Call Auction

    Where participants buy or sell units of a good. At a call auction, ...
  3. Reverse Auction

    A type of auction in which sellers bid for the prices at which ...
  4. Liquid Yield Option Note - LYON

    A zero coupon bond that is callable (by issuer), putable (by ...
  5. Auction Rate

    The interest rate that will be paid on a specific security as ...
  6. Reserve Price

    A minimum dollar amount that the owner of an item up for auction ...
Related Articles
  1. Personal Finance

    Should You Buy A House At Auction?

    The traditional real estate market isn't the only place to conduct your home search. Auctions also bring many buying opportunities.
  2. Personal Finance

    Should You Buy A House At Auction?

    In theory, many of the best properties are auctioned. But auctioned properties aren’t always hidden gems.
  3. Investing

    Auction Rate Securities: Bidding On The Long Run

    These investments do better with a long-term horizon. Should you buy them before they're going, going, gone?
  4. Markets

    Explaining Dutch Auction

    A Dutch auction is a public offering auction.
  5. Entrepreneurship & Small Business

    3 Reasons To Buy Government Surplus for Your Small Business

    Learn why it's wise to access government surplus auctions to buy furnishings, equipment and other items to start a new business or expand an existing business.
  6. Personal Finance

    eBay vs. DealDash: Comparing Auction Sites (EBAY, PYPL)

    Learn how the bidding process works at DealDash and eBay, and discover the potential pitfalls when making bids at these auction sites.
  7. Markets

    Can Scotland Join the EU If It Leaves the U.K.?

    Explore the options for Scotland to remain in the EU after the Brexit vote, including the assumption of the United Kingdom's membership and fast-track status.
  8. Markets

    What Happens to Scotland and Wales After Brexit?

    A possible Brexit from the EU could put Scottish independence back on the table after 2016, and may even compromise the entire unity of the UK.
  9. Personal Finance

    Evaluating An Heirloom

    Whether it's jewelry, furniture or a book collection, once you inherit it you need to decide what to do with it. First, find out what it's worth.
  10. Markets

    Banks Take Extra $3.5 Billion Cash Ahead of Brexit

    As liquidity concerns grow for European banks heading into next week's Brexit vote, the Bank of England is holding additional Repo auctions to ensure banks have enough liquidity heading into ...
RELATED FAQS
  1. What are the maturity terms for Treasury bonds?

    Learn how treasury bonds pay interest, when they reach maturity and the differences between terms for treasury bonds and ... Read Answer >>
  2. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
  3. What is an odd-lot buyback?

    An odd-lot buyback occurs when a company offers to purchase shares of its stock back from people who hold less than 100 shares. ... Read Answer >>
  4. How can my husband inherit a house deed?

    My mother in law wants to know the best way to leave the deed to her house to her son (my husband). Should it be left in ... Read Answer >>
  5. Should we buy a new house or stay mortgage free?

    I have a house that is valued at $80,000. We would like to move, but because of this market we would break even. The home ... Read Answer >>
  6. Is it better to live in a state with a high tax base but low housing costs or a state ...

    My husband and I recently retired. We have lived in Montana for the past 15 years and want to retire to a warmer climate. ... Read Answer >>
Hot Definitions
  1. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  2. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  3. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  4. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  5. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  6. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
Trading Center