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Bonhams Acquires Nordic Auction House Bukowskis
The acquisition will enhance its European footprint and increase its digital capabilities.
Bonhams has acquired Nordic auction house Bukowskis, which has offices across Sweden, Finland, and Denmark, including its flagship office in Stockholm, seen here.
London—Bonhams has announced its acquisition of leading Nordic auction house Bukowskis.
Financial terms of the deal were not disclosed.
Bukowskis was founded in 1870. Its flagship saleroom is in Stockholm, but it has five other offices across Sweden, Finland, and Denmark.
Its digital platform attracts more than 1 million users a month, and last year the auction house sold 11 out of 15 of the most valuable artworks in Sweden, including setting the record for a Swedish artwork sold at auction.
A Bonhams spokesperson said Bukowskis will remain with its headquarters in Sweden and under the leadership of CEO Louise Arén.
U.K.-based private equity firm Epiris acquired Bonhams in September 2018, and since then the auction house has seen an influx of investment into its digital strategy, marketing, and recruitment.
Bonhams opened a saleroom in Paris last year to further its European presence.
The Bukowskis acquisition will enhance that footprint and increase Bonhams’ digital capabilities.
“Bukowskis has a renowned heritage. Bonhams’ acquisition of such a celebrated auction house is an important part of our strategy to further the development of Bonhams into a digital leader and a truly global player with a balanced presence across the U.S., Europe, and Asia. We are delighted to welcome Louise Arén and the entire Bukowskis team to the Bonhams family,” CEO Bruno Vinciguerra said.
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