Will Bonhams be Sold?
- June 17, 2014 10:50
London-based Bonhams may be up for sale, reports the Financial Times. The 220-year-old auction house has received offers from private equity firms, among them, the UK arm of Bain Capital, say reports.
With salesrooms in New York, Los Angeles, Hong Kong, Sydney, San Francisco, and Paris, the international auctioneer reportedly had a record year in 2013. Profits came in at £25m last year with a record turnover of £127m. A £30m new salesroom on Bond Street was added.
Bonhams' two major shareholders, former race car driver Robert Brooks and Dutch collector and auctioneer Evert Louwman, have not commented on a sale.
