The spectrum emitted by quasars shows that they are travelling incredibly fast away from us. On standard assumptions, then, they are some of the oldest objects that we can see.
Today the nature of quasars is not yet understood, and they are a dynamic area of research.
For more information on quasars, see
Bill Keel's WWW Gallery - Active Galaxies and Quasars
Quasars from Lake Afton Public Observatory
Quasars: "The Light Fantastic"