The London Tea Auction was a
candle auction of tea, that ran regularly for over 300 years from 1679 until its closure on 29 June 1998. The auction made
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
the centre for tea's international trade. The
East India Company
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and South ...
held the first auction in
Leadenhall Street and then in 1834 - after the East India Company ceased to be a commercial enterprise - the auction was held on
Mincing Lane
Mincing Lane is a short one-way street in the City of London linking Fenchurch Street to Great Tower Street. In the late 19th century it was the world's leading centre for tea and spice trading.
Etymology
Its name is a corruption of Mynchen ...
.
External links
eBook: Denys Forrest, Tea for the British(London, 1973).
*
ttp://news.bbc.co.uk/2/hi/business/120842.stm Business: The Economy - Storm in a teacup
London tea auction abandoned - The candle that was lit in 1750 will be extinguished in June 1998Britain's great tea ceremony ends after 300 yearsAudio: Tea Auction 1936'By the Candle'
1679 establishments in England
Tea auctions
Tea in the United Kingdom
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