Parke-Bernet

Parke-Bernet Galleries was an American auction house, active from 1937 to 1964, when Sotheby's purchased it. The company was founded by a group of employees of the American Art Association, including Otto Bernet, Hiram H. Parke, Leslie A. Hyam, Lewis Marion and Mary Vandergrift. By 1964, the company was the largest auction house in America, with 115 employees and total sales of $11 million ($ million in ). That year, Sotheby's purchased a controlling interest of 75% in the gallery for $1.5 million ($ million in ). Provided by Wikipedia