Auctions

Report: Private Equity Firm Looking to Sell Bonhams

AuctionsFeb 10, 2023

Report: Private Equity Firm Looking to Sell Bonhams

Epiris reportedly is in the early stages of gauging market interest in the auction house, which it acquired in 2018.

20230210_Bonhams Cornette Saint Cyr.jpg
The inside of Cornette de Saint Cyr auction house in Paris. Cornette de Saint Cyr was one of five acquisitions Bonhams made after private equity firm Epiris bought it in late 2018. Now, Epiris is reportedly exploring the idea of selling Bonhams in a $1 billion deal. (© Fatima Jellaoui)
New York—Private equity firm Epiris is reportedly looking to sell Bonhams after buying the 230-year-old auction house a little over four years ago and growing the business via a series of acquisitions.  
 
Citing confidential sources close to the matter, Bloomberg reported Monday that the London-based private equity firm is working with advisers at JPMorgan Chase & Co. as it debates the idea of putting the auction house up for sale. 
 
Epiris will value the auction house at $1 billion in any deal, according to Bloomberg. Talks reportedly are in the “early stages” and may not result in any transaction.  
 
Bonhams directed press inquiries about the potential sale to Epiris. Epiris declined to comment on the report.
 
Epiris bought Bonhams, which was founded in London in 1793, in 2018 for an undisclosed amount. 
 
Since its purchase by the private equity firm, Bonhams made five acquisitions worldwide over a 14-month period.
 
 Related stories will be right here … 
 
Its first acquisition took place in April 2021 when it bought The Market, an online marketplace for classic cars and collectible motorcycles. 
 
It bought Bukowskis, an auction house with its flagship showroom in Stockholm, Sweden, in January 2022.

Then, in the same week in March 2022, Bonhams announced it was acquiring both Boston-based Skinner and Bruun Rasmussen, which is headquartered in Copenhagen, Denmark. 
 
Its fifth acquisition took place in June of that year, buying the Cornette de Saint Cyr auction house in Paris. 

The acquisition helped push Bonhams’ sales over the $1 billion mark for the first time in company history.

The company said its sales registration levels rose by 57 percent year-over-year in 2022—almost four times its pre-pandemic (and pre-acquisitions) levels—and more than half of those who bought something from Bonhams last year were first-time customers at the auction house. 
 
North America and Europe were Bonhams’ biggest markets, each accounting for about 33 percent of sales, followed by the U.K. at 19 percent and Asia-Pacific at 16 percent.  
 
The auction house held a number of notable single-owner sales last year, including the personal property of late Supreme Court Justice Ruth Bader Ginsburg, Vegas mainstays Siegfried & Roy, and actor Sir Michael Caine. Caine’s possessions included a collection of watches that belonged to him and his wife, Lady Shakira Caine, as well as a number of pieces of jewelry she designed and wore. 
 
Among Bonhams’ top lots of the year was a rare emerald and diamond Cartier bracelet, which sold for $3.2 million.
 

The Latest

US Supreme Court
Policies & IssuesNov 04, 2025
Supreme Court to Hear Tariffs Case Wednesday

Ahead of the hearing, two industry organizations co-signed an amicus brief urging the court to declare Trump’s tariffs unlawful.

Stuller Inc.’s Danny Clark, Matt Stuller, and Belit Myers
MajorsNov 04, 2025
Danny Clark to Become Stuller CEO, Succeeding Matt Stuller

Stuller COO Belit Myers will take on the additional role of president, with all changes effective at the start of 2026.

Headshot of National Jeweler columnist Peter Smith
ColumnistsNov 04, 2025
Peter Smith: What Do Birds Have to Do With the Price of Gold?

Smith cautions retailers against expending too much energy on things they can’t control, like the rising price of gold.

20-Under-40-2025-LV.png
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for Members

From educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.

Mellerio Jardin Pierreries Necklace
TrendsNov 04, 2025
Amanda’s Style File: Fall Colors for November Birthdays

Citrine and topaz are birthstones fit for fall as the leaves change color and the holiday season approaches.

Weekly QuizOct 30, 2025
This Week’s Quiz
Test your jewelry news knowledge by answering these questions.
Take the Quiz
Weston Jewelers Fort Lauderdale store rendering
IndependentsNov 04, 2025
Weston Jewelers Heads to Fort Lauderdale

The family-owned jeweler will open its fourth store in Florida in late 2027.

Two of the three suspects in burglary at Queens jeweler’s home
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home

The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.

Supplier Spotlight -Recorded-Webinar.png
Brought to you by
Watch: Introducing GIA Jewelry Services

Supplier Spotlight Sponsored by GIA

Matthew Rosenheim
MajorsNov 03, 2025
Matthew Rosenheim Takes Over as JA Board Chair

The trade organization also announced its executive committee and five new directors.

Muse’s Have a Heart x Diamonds Do Good Collection on Flaviana Matata
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDG

The “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.

Heavenly Vices Mother Father Spinner Necklace
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’

This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.

Interpol Stolen Works of Art Database, The Louvre Museum Graphic
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing

The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.

My Next Question webinar graphic
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your Business

Experts share top tips on how to encourage positive reviews and handle negative feedback.

GIA iD100® Technology
Supplier BulletinOct 30, 2025
Protect Your Customers and Your Business

Sponsored by the Gemological Institute of America

Seattle PD image of Menashe & Sons Jewelers following Aug. 14 smash-and-grab robbery
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs

The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.

Alison Lou Lumière Fine Collection On-Model
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and Resin

The “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.

Buddha Mama gold skull pave huggies
TrendsOct 30, 2025
Amanda’s Style File: A Haunted Halloween

Show off your spooky side with these 12 festive jewels.

Is This Love That I’m Feeling event imagery
Events & AwardsOct 30, 2025
Jewelers Mutual to Host Jewelry Panel at Frazier History Museum

The “Brilliant & Beyond” panel coincides with the “Love & Marriage” exhibition curated by Davis Jewelers in Louisville, Kentucky.

Stock image of person holding shopping bags
Events & AwardsOct 29, 2025
October Brings Little Change to Consumer Confidence

Consumers are feeling more optimistic about their present situation while the short-term future remains a little scary.

Couture show
Events & AwardsOct 29, 2025
Couture Partners With Time to Watches

The company, which organizes a watch show in Geneva every spring, will bring a selection of watch brands to the 2026 Couture show in Vegas.

The Modern Guide to Vintage Jewelry by Beth Bernstein
TrendsOct 29, 2025
Beth Bernstein Releases Vintage Jewelry Guide

“The Modern Guide to Vintage Jewellery” follows the evolution of jewelry design from the ‘30s to the ‘80s with buying and styling advice.

Collage of bug jewelry
EditorsOct 29, 2025
Why Creepy, Crawly Bugs Inspire Beautiful Jewelry

For her annual Halloween story, Senior Editor Lenore Fedow explores the symbolism behind spiders, beetles, and other eerie insects.

Gem Awards 2025 at Cipriani New York
Events & AwardsOct 28, 2025
Meet the 2026 Gem Award Nominees

Notable jewelry designers, members of the press, and retailers are up for an award at next year’s gala.

Graphic for Jewelers of America’s 2025 State of the Industry webinar
Recorded WebinarsOct 28, 2025
Watch: The State of the Jewelry Industry

Leaders from Jewelers of America and National Jeweler discuss the gold price, tariffs, and more in this one-hour webinar.

Eriness One of One Collection Rings and Necklace
CollectionsOct 28, 2025
Eriness Reflects on Life in ‘One of One’ Collection

After experiencing motherhood, growth, and loss, founder and designer Erin Sachse has created 10 irreplaceable jewels.

Marie Louise’s emerald necklace and earrings stolen in the heist at the Louvre Museum
CrimeOct 27, 2025
Arrests Made in Louvre Jewel Heist

One of the individuals was apprehended at the airport as he was trying to flee the country.

Holiday shoppers in Target
MajorsOct 27, 2025
Target to Cut 1,800 Corporate Jobs

The retailer, which has faced struggling sales in recent quarters, is looking to streamline its operations.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy