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Thursday, March 7, 2013

NO CHANGE TO BUYERS’ PREMIUM AT BONHAMS

Bonhams notes the changes in buyers’ premium rates recently announced by Christies and Sotheby’s which will add to the costs of buying at these auction houses.

Bonhams will not be following suit.

Bonhams Chief Executive for the UK and Europe, Matthew Girling, said: “With the USA just coming out of recession and Europe still struggling, we do not feel this is the right time to be adding to our buyers’ costs by increasing the buyers’ premium thresholds.”

Bonhams

Bonhams, founded in 1793, is one of the world's largest auctioneers of fine art and antiques. The present company was formed by the merger in November 2001 of Bonhams & Brooks and Phillips Son & Neale. In August 2002, the company acquired Butterfields, the principal firm of auctioneers on the West Coast of America. Today, Bonhams offers more sales than any of its rivals, through two major salerooms in London: New Bond Street and Knightsbridge; and a further three in the UK regions and Scotland. Sales are also held in San Francisco, Los Angeles, Carmel, New York and Connecticut in the USA; and Germany, France, Monaco, Hong Kong and Australia. Bonhams has a worldwide network of offices and regional representatives in 25 countries offering sales advice and valuation services in 60 specialist areas. For a full listing of upcoming sales, plus details of Bonhams specialist departments go to www.bonhams.com.

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