An auction house, also known as a auction room, is a place where goods are sold to the highest bidder. Other synonyms include auction gallery, auction mart, auction saleroom, or auction store. These establishments are typically associated with the sale of fine art, antiques, and collectibles. The term auction house can be applied to a building, an organization, or a group of individuals who specialize in auctioning items. Some auction houses may specialize in a certain genre or type of item, such as a furniture or jewelry auction. Regardless of the name, an auction house is a place where buyers and sellers come together to exchange goods through the process of bidding.