| Company type | Public |
|---|---|
| Industry | Auctioneering |
| Founded | 1937 |
| Founder | Hiram H. Parke  |
| Defunct | 1964 |
| Fate | Acquired by Sotheby's |
Number of employees | 115 (1964) |
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,[1] with 115 employees and total sales of $11 million ($108 million in 2023). That year, Sotheby's purchased a controlling interest of 75% in the gallery for $1.5 million ($15 million in 2023).[2]
- ^ "Archives Directory for the History of Collecting". The Frick Collection. Retrieved August 17, 2019.
- ^ "Sotheby's Acquires 75% of Parke-Bernet". The New York Times. July 15, 1964. ISSN 0362-4331. Retrieved August 17, 2019.