Lyon & Turnbull

AAA

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.

INVESTOPEDIA EXPLAINS '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. Collectible

    An item that is worth far more than it appears because of its ...
  2. Sotheby's

    One of the world's most venerable auction houses. The company ...
  3. Gallerist

    The owner or operator of an art gallery. Gallerists buy and sell ...
  4. Chandelier Bid

    A bid that is announced by an auctioneer during an auction that ...
  5. Phillips

    A New York-based auction house specializing in the sale of art ...
  6. Original Print

    A work of art that is created using a master image carved into ...
Related Articles
  1. Should You Insure Your Collectibles?
    Insurance

    Should You Insure Your Collectibles?

  2. 6 Major Collectibles Payoffs
    Personal Finance

    6 Major Collectibles Payoffs

  3. Contemplating Collectible Investments
    Retirement

    Contemplating Collectible Investments

  4. 5 Most Expensive Paintings Ever Sold
    Personal Finance

    5 Most Expensive Paintings Ever Sold

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center