Auction house Bonhams sold to the British Fund of direct investments Epiris
ARTinvestment.RU   05 сентября 2018

The former leaders remain in their positions, and the position of Executive Director on the Board of Directors is the former head of Sotheby's Bruno Vinciguerra

Fund Epiris, the staff-квартира which is located in London, bought the auction house Bonhams from former private shareholders of the former racing driver, who became a senior Manager at Christie's, and the family that owns the Dutch dealers. About the buyer knows not so much. The value of the Fund Epiris is estimated in the range of $100 000 000 – 650 000 000. Epiris belong to a network of country clubs The Club Company (Golf, Spa, fitness, Wellness, etc.), the British branch of the publishing Time (publish magazines about horses, etc.).

Bonhams – auction house with 225-летней story – much inferior to the turnover of the leading auctions worldwide. For example, its turnover last year amounted to about $600 million, and Christies @- $6.6 billion – 11 times more. But Bonhams is profitable. And profit it is growing. For example, in 2017, it received a $6.4 million profit, which is twice higher than a year earlier. At Bonhams there are nine trading floors in London, new-Йорке, Hong Kong, Edinburgh and Sydney. A few years ago for 40 million, they have built modern and chic, the staff-квартиру in London. There was information that they wanted to buy Chinese. Even called Poly Culture Group. But this proposal was rejected.

the New owners are aiming to approach the speed of its major rivals – Christie's, Sotheby's and Phillips. The amount of the transaction and the size of the future investments is not disclosed. Bonhams is one of the main participants of the "Russian week" twice a year he conducts specialized auctions devoted to Russian art.

V. B., AI

Source: news.artnet.com

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