Sotheby's is the world's fourth oldest auction house in continuous operation. The oldest auction house in operation is the Stockholms Auktionsverk founded in 1674, the second oldest is Göteborgs Auktionsverk founded in 1681 and third oldest being Uppsala Auktionskammare founded in 1731, all Swedish. Sotheby's predecessor, Baker's, was founded in London on 11 March 1744 when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of a certain Rt. Hon. Sir John Stanley.
The Whitney Museum of American Art, often referred to simply as "the Whitney", is an art museum with a focus on 20th- and 21st-century American art. Located at 945 Madison Avenue at 75th Street in New York City, the Whitney's permanent collection contains more than 18,000 works in a wide variety of media. The Whitney places a particular emphasis on exhibiting the work of living artists for its collection as well as maintaining an extensive permanent collection containing many important pieces from the first half of the last century. The museum's Annual and Biennial exhibitions have long been a venue for younger and less well-known artists whose work is showcased by the museum.