The tiny state San Marino is one of the smallest one s in the world except Monaco and Vatican. It is hard to believe that there are such small countries on our planet. Though they are ridiculously tiny they still have their own national army, government, post stamps and other attributes of a real state. But their size is compatible to the size of the one single district of the major American cities. San Marino is the oldest country in Europe. It was founded in the beginning of the fourteenth century on the north of Italy. Its present-day population is less than 32 thousand people. But that fact doesn’t prevent the country to have the government revenue per head of 50 000 USD a year.
The first one to conquer the market of fine arts was the former navy officer James Christie. He organized the first sales of art objects in London in 1766. A year later he bought the special hall which became the first auction hall in Europe. From the very beginning James Christie was aiming to hold the leading position. The Royal Family sent the items from its private art collections to be exhibited or sold via auction.