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 ).
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