Bonhams loss almost doubled to £213mn as art market slumped
UK-based auction house took hefty impairment charges and posted lower revenues for 2024
UK-based auction house took hefty impairment charges and posted lower revenues for 2024

Auction house posted 2025 profit as art market returned to growth

Lossmaking sales are the latest sign of weakness in the capital’s property market

Patrick Drahi-owned auction house contends with heavy debt burden in shrinking market

Record-breaking estate sales mask the real, and sometimes declining, value of art

Sell-off may be overdone, but companies need to move faster to respond to AI

Surge in foreign acquisition values reflects quality of assets, but at discount valuations