Vasari Art Codex

trending_up market schedule Jan 8, 2026 visibility 3 link 1 gallery

bonhams posted significant losses 2024 1234769251

Bonhams, the UK-based auction house, reported a nearly 90% surge in pre-tax losses to £213 million ($286.3 million) in 2024, alongside a 9% revenue decline to £176 million ($236.6 million), according to filings with Companies House. The losses were driven by £153 million in impairment charges due to reduced cash flow forecasts, reflecting a write-down on the investment value held by former owner Epiris. The house was sold to Pemberton Asset Management in October 2024, and subsequently saw a leadership overhaul, with Seth Johnson appointed CEO, Liese Thomas as CFO, and Jennifer Babington as COO, replacing Chabi Nouri and Céline Assimon.

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trending_up market schedule Oct 21, 2025 visibility 1 link 1 gallery

pemberton asset management buys bonhams from private equity firm epirus for undisclosed sum 1234757847

Pemberton Asset Management, a European private credit manager backed by Legal & General, has acquired the auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition led to the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new senior leadership team appointed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard will remain in his role, while Chris Ellerker and Mohit Agarwal from Pemberton join the board.

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trending_up market schedule Oct 21, 2025 visibility 1 link 1 gallery

pemberton asset management buys bonhams from private equity firm epirus for undisclosed sum 1234757847

Pemberton Asset Management, a European private credit manager, has acquired the 232-year-old auction house Bonhams from private equity firm Epiris for an undisclosed sum. The acquisition prompted the departure of Bonhams's global CEO Chabi Nouri and chief commercial officer Céline Assimon, with a new leadership team installed including Seth Johnson as CEO, Liese Thomas as CFO, and Jennifer Babington as COO. Bonhams chairman Hans-Kristian Hoejsgaard remains in place, while Pemberton representatives Chris Ellerker and Mohit Agarwal join the board.

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trending_up market schedule Jan 21, 2026 visibility 3

bonhams 2025 sales results market reset 1234770452

Bonhams ended 2025 with $970 million in global sales, one of its strongest recent performances, driven by growth across regions and categories including fine art, luxury goods, and collector cars. The year’s top lot was a 2020 Bugatti Divo that sold for $9 million. However, the results are overshadowed by a Financial Times report of a £213 million pre-tax loss in 2024, largely due to £153 million in impairment charges tied to a change in ownership—the house was sold by private-equity firm Epiris to Pemberton Asset Management in October 2025. Bonhams Hong Kong posted a record $104 million, UK sales rose 4.5% to $285 million, and digital sales accounted for 46% of total value.

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