Built between 1482 and 1533, the Llotja is composed of three parts (plus the Orange Garden - a walled courtyard). The main hall,
Sala de Contractació (The Trading Hall), is a large lavishly decorated space supported by gorgeous twisted columns. This was the financial centre of La Lonja, where the merchants worked out contracts. The side-wing is named the Pavilion of the Consulate, and this was the seat of the
Consolat del Mar - the first marine merchant tribunal to ever be formed in Spain. On the first two floors were the main rooms. The second floor had a richly decorated ceiling. These rooms still have the original furnishings. Occasionally, the Tribunal would imprison merchants for debts in the central tower of La Lonja - the third part of the structure. Behind the current building, there was an earlier one from the 14th century, which was called the
Oil Exchange (
Llotja de l’Oli, in Valencian, or
Lonja del Aceite, in Spanish). It was used for trading – including agricultural oils. In 1348
perxal (
percale) – a type of silk – was traded. Valencia's commercial prosperity reached its peak during the 15th century, and led to the construction of a new building. The design of the new Lonja of Valencia was derived from a similar structure in the Lonja of
Palma de Majorca, built by the architect
Guillem Sagrera in 1448. The
architect in charge of the new Lonja was
Pere Compte, who built the main body of the building – the Trading Hall (or
Sala de Contractació in Valencian) – in only fifteen years (1483–1498). So is written in a blue band that runs along all four walls of the Trading Hall, also called "Hall of Columns". It proclaims in golden letters the following inscription: According to the local Valencian scholar
Joan Francesc Mira, this inscription showed that it was not necessary to be a
Protestant or a
foreigner to enter into a good trade. It also illustrated the integration of ethical principles with the economy. Other construction and decorative projects continued until 1548, such as the
Consolat del Mar (Consulate of the Sea), a Renaissance building attached to La Lonja. During subsequent centuries, La Lonja functioned as a
silk exchange. The honesty of its traders is honored by the inscription that runs around the main contract hall. In 1996
UNESCO listed it as a
World Heritage Site. Its listing states that "the site is of outstanding universal value as it is a wholly exceptional example of a secular building in late Gothic style, which dramatically illustrates the power and wealth of one of the great Mediterranean mercantile cities." File:Lonja Techo Fisheye.jpg|Fisheye view of The Hall of Columns ceiling File:Llotja escut pmercat2.jpg|Royal arms of Kingdom of Valencia in the Llotja File:La Lonja de la Seda de Valencia-111528.jpg|View of the Orange Garden courtyard Valencia, loggia della seta, interno, sala delle contrattazioni, 01,0.jpg|The Hall of Columns File:Valencia - Gargoyles.jpg|Some Gargoyles of Llotja de la Seda ==See also==