The London based institution that has been operating for over 200 years has been, since its takeover by the equity firm Epiris, expanding its reach into Europe, notably with the acquiring of The Market, an online auction platform active in America and the Old Continent. In September, it inaugurated its first salesroom in Paris
Bruno Vinciguerra, the CEO of Bonhams had this to say about the takeover: "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 US, Europe and Asia. We are delighted to welcome Louise Arén and the entire Bukowskis team to the Bonhams family."
If this move isn't aimed at competing with auction powerhouses the likes of Sotheby's or Christies, it will consolidate Bonhams' hold on mid level markets which represent most of art deals today.
"The acquisition of Bukowskis is an important step in our vision for Bonhams to become the world's local auction house. Bukowskis' incredible history and digital accomplishments makes it an ideal partner and member of the Bonhams family." declared Hans-Kristian Hoejsgaard, Chairman of Bonhams.