AuctionsMar 03, 2022
Michael Caine’s Rolex Sells for $133K at AuctionAuctionsMar 23, 2022
Auction House Bonhams Announces Second Acquisition in a Week
The company recently scooped up Boston-based Skinner and Bruun Rasmussen Auctioneers, a Danish auction house.
Skinner headquarters in Boston, left, and an auction in progress at Bruun Rasmussen in Copenhagen, Denmark. Bonhams recently acquired both companies for undisclosed amounts, marking the second and third auction houses it’s bought this year.
London—Bonhams has announced two acquisitions this month, bringing its year-to-date total to three following January’s purchase of Bukowskis in Stockholm, Sweden.
On March 16, the London-based private equity-owned auction house announced the acquisition of American auction house Skinner, which is based in Boston, has a saleroom in Marlborough, Massachusetts and conducts online sales.
Financial terms of the deal were not disclosed.
Robert W. Skinner Jr. opened Skinner in 1962. His first employee, Stephen Fletcher, is now executive vice president and chief auctioneer, and owns the company alongside CEO Karen Keane.
Skinner holds about 80 sales a year across 20 categories, including jewelry and gemstones.
Notable sales include a Qing Dynasty vase that set a record when it sold for $24.7 million in 2014, the $5.5 million sale of the painting “Manchester Harbor” by Fitz Henry Lane, and what is believed to the oldest known bottle of whisky (c. 1860s), which sold for $137,500 in June 2021.
Bonhams said Fletcher, Keane and the entire Skinner staff will be joining Bonhams, and the auction house will operate as Bonhams Skinner.
Bonhams, which already has salesrooms in New York and Los Angeles, said buying Skinner will give it greater access to the North American market.
“Skinner is such an iconic presence in New England, and much-loved and celebrated for the rich treasures it offers,” Bonhams CEO Bruno Vinciguerra said.
“It also has a well-established digital footprint throughout North America that complements Bonhams’ presence, which will allow both companies to reach more consignors and buyers.”
Related stories will be right here …
On March 16, the London-based private equity-owned auction house announced the acquisition of American auction house Skinner, which is based in Boston, has a saleroom in Marlborough, Massachusetts and conducts online sales.
Financial terms of the deal were not disclosed.
Robert W. Skinner Jr. opened Skinner in 1962. His first employee, Stephen Fletcher, is now executive vice president and chief auctioneer, and owns the company alongside CEO Karen Keane.
Skinner holds about 80 sales a year across 20 categories, including jewelry and gemstones.
Notable sales include a Qing Dynasty vase that set a record when it sold for $24.7 million in 2014, the $5.5 million sale of the painting “Manchester Harbor” by Fitz Henry Lane, and what is believed to the oldest known bottle of whisky (c. 1860s), which sold for $137,500 in June 2021.
Bonhams said Fletcher, Keane and the entire Skinner staff will be joining Bonhams, and the auction house will operate as Bonhams Skinner.
Bonhams, which already has salesrooms in New York and Los Angeles, said buying Skinner will give it greater access to the North American market.
“Skinner is such an iconic presence in New England, and much-loved and celebrated for the rich treasures it offers,” Bonhams CEO Bruno Vinciguerra said.
“It also has a well-established digital footprint throughout North America that complements Bonhams’ presence, which will allow both companies to reach more consignors and buyers.”
Bonhams followed the Skinner news with Tuesday’s announcement that it has purchased Bruun Rasmussen, the leading auction house in Denmark.
Financial terms of that deal were not disclosed either.
Bruun Rasmussen is headquartered in Copenhagen’s Nordhavn district, selling live via its salesrooms in the city center as well as online. The company is also the subject of a documentary series that has aired on Danish TV since 2013, “Auktionshuset.”
It sells more than 75,000 lots each year across a wide variety of categories, including jewelry as well as watches and clocks.
Established in 1948 by Arne Bruun Rasmussen, the auction house is currently chaired by the founder’s son, Jesper Bruun Rasmussen, who has headed the company since 1985.
Following the acquisition, Jesper will stay on as chairman emeritus, and Jakob Dupont will remain CEO.
In addition, Bonhams will retain the entire Bruun Rasmussen staff and the auction house will be known as Bruun Rasmussen—part of the Bonhams Network.
“This is Bonhams’ third recent acquisition and its fourth under the ownership of Epiris,” said Owen Wilson, a partner at Epiris.
“Bruun Rasmussen is a highly complementary addition to the Bonhams family, building on its presence in the important Nordic market and offering plentiful opportunities to develop synergies between the two auction houses’ networks and brands.”
Epiris is the private equity firm that purchased Bonhams, which was founded in London in 1793, in 2018.
Since then, the company has been sinking money into expanding Bonhams’ digital capabilities, marketing, new hires and acquisitions.
In addition to Bukowskis, Skinner and Bruun Rasmussen, Bonhams bought The Market in April 2021, an online platform for classic cars and motorcycles.
Editors' Picks
Sponsored by
More on Auctions
The Latest
IndependentsApr 01, 2025
Bergman Jewelers in Omaha Closing After 137 YearsThe independent jeweler first opened its doors in 1888.
MajorsApr 01, 2025
QVC Group to Cut 900 Jobs in the U.S.The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.
Events & AwardsApr 01, 2025
U.S. Antique Shows Adds Fall Show in FloridaThe debut event will take place in Miami’s Coconut Grove neighborhood this fall.
Brought to you by
The Heart of the Industry: Giving Bench Jewelers the Recognition They DeserveBench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.
Events & AwardsApr 01, 2025
TJS to Host Discussion on Jewelry Industry’s Labor ShortageThe roundtable will take place May 17 ahead of the trade show’s welcome dinner.
Weekly QuizMar 27, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsApr 01, 2025
Monica Rich Kosann Says ‘Good Grief’ in Peanuts Jewelry CollectionThe “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.
Recorded WebinarsMar 31, 2025
Watch: What Do We Mean When We Say ‘Recycled’ Gold?Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.
Brought to you by
Natural Diamonds Should Mean MoreNatural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.
TrendsMar 31, 2025
Amanda’s Style File: Dripping in DiamondsDiamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.
MajorsMar 31, 2025
Lashbrook Expands Into Luxury Golf Gifts With AcquisitionThe Utah-based company known for making wedding bands has acquired Doubloon Golf.
WatchesMar 31, 2025
Bulgari CEO Jean-Christophe Babin Will Also Head LVMH WatchesThe longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.
CrimeMar 28, 2025
2 Suspects Arrested in $1.7M Smash-and-Grab Robbery of NY Jewelry StoreAuthorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.
SourcingMar 28, 2025
19th-Century Jade Book Now Available in EnglishLotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.
CollectionsMar 28, 2025
Piece of the Week: Löf’s ‘The Valentine’ RingThe ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.
SurveysMar 27, 2025
Consumer Confidence Falls in March Amid ‘Gloomy’ OutlookThe Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.
WatchesMar 27, 2025
Austin Butler Joins Breitling as Brand AmbassadorThe Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.
SourcingMar 27, 2025
Susan Jacques, Gaetano Cavalieri to Headline 2025 ICA Congress The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.
IndependentsMar 26, 2025
Bailey’s Fine Jewelry Acquires Fellow NC Independent JewelerThe family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.
WatchesMar 26, 2025
Bulova Celebrates 150th Anniversary With Art Deco WatchesThe “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.
MajorsMar 26, 2025
QVC Group Appoints New PresidentAlex Wellen, formerly CEO and president of MotorTrend Group, has taken on the role.
Events & AwardsMar 26, 2025
Jewelers of America Announces New Funding Initiative The Impact Initiative is part of the nonprofit association’s new three-year strategic plan.
CrimeMar 25, 2025
Tiffany & Co. Earrings Swallowed Following Grab-and-Run Theft RecoveredThe two pairs of earrings, snatched from a Tiffany & Co. store in Orlando, Florida, are valued at a combined $769,500.
ColumnistsMar 25, 2025
The Smart Lab: Using Short-Form Videos to Sell More JewelryThe time to start experimenting with video content is now, writes columnist Emmanuel Raheb.
CollectionsMar 24, 2025
Pomellato’s Latest ‘Nudo’ Collections Revamp its Classic DesignFrom striking high jewelry to miniature fine jewelry, the new chapter continues to highlight gemstones featuring its signature 57-facet cut.
MajorsMar 24, 2025
4 Top Executives to Depart Signet Jewelers Amid TurnaroundThe jewelry giant is reducing its senior leadership by 30 percent as part of its new turnaround strategy.
WatchesMar 24, 2025
Sotheby's Now Offers Watch Repair ServicesThe auction house's partnership with online watch servicing platform WatchCheck makes repairs convenient and accessible, it said.
FinancialsMar 21, 2025
Swarovski Says Its Lab-Grown Diamond Sales Doubled in 2024The company also noted record sales in the United States and a strong performance in its jewelry category.
