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Bonhams Puts Itself Up for Sale – Report
May 22, 2018 8:05 AM
By Rapaport News
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RAPAPORT... UK-based auctioneer Bonhams is considering a sale of the
business, and has appointed investment bank NM Rothschild to advise on the
process, The Sunday Times reported.
A sale to a private-equity house is the most likely outcome
for the 225-year-old company, whose chairman, Robert Brooks, is a former
director of Christie’s, the report said. Four years ago, Brooks hired bankers
from Greenhill to run an auction of the company, the London newspaper
continued.
Bonhams declined to comment to Rapaport News.
Image: Fancy vivid yellow diamonds from Bonhams’ December auction in London
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Tags:
Auctions, bonhams, Christie’s, NM Rothschild, Rapaport News, Robert Brooks
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