There are many drawings/paintings of people using torches in the 1700's on back to Medieval times. Although the "details" of construction tend to be ... lost to hisoty.
Yes, hollyweird has left its stamp on peoples' ideas of what a torch should look like and work. One of the better interpretations was in the original Rambo movie - where he tore strips of an old tarp, dipped them in waste oil, and wrapped them around the end of a piece of pipe to use as a torch inside the mine. Simple, basic, functional.
There was also a good representation of a birch bark torch in the movie Grey Owl with Pierce Frosnan.
In Gladiator, they showed hand-held iron cage type Cressets for light, but probably used some modern alternative to burn in them instead of pine knots. (Short sections of a "duraflame" type fireplace/camping log work amazingly well in a Cresset.)
Once you play around a bit with those historical crafts/devices, you learn a lot - in a World Lit Only By Fire! (That's also a the title of a good book about the ideas/philosophy that developed before modern times with artificial light.)
Mikey - yee ol' grumpy blacksmith out in the Hinterlands