City Of London
Bonhams Owner Taps JPMorgan for $1 Billion Sale of UK Auction House
- JPMorgan advising private equity firm Epiris to gauge interest
- Auction houses enjoyed bumper 2022 as consignors returned
An employee at Bonhams Auction House in London.
Photographer: Antony Jones/UK Press/Getty Images
Epiris is moving forward with a potential sale of Bonhams, the 230-year-old British auction house, people familiar with the matter said.
The private equity firm is working with advisers at JPMorgan Chase & Co. as it prepares to gauge interest in the London-based auctioneer, the people said, asking not to be identified discussing confidential information. Epiris is seeking to value Bonhams at about $1 billion in any deal, the people said, asking not to be identified because the information is private.