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