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auction houses
Bonhams auction house sold to private credit firm with leadership overhaul
The sale follows Epiris's failed attempt in 2023 to take Bonhams public with a reported $1 billion valuation through JPMorgan Chase. The British private equity firm, which acquired the auction house in 2018, had pursued an aggressive expansion strategy, acquiring…
Christie’s closes digital art department as NFT decline continues
Christie's, the world's renowned auction house, has closed its dedicated digital art department, marking a decisive retreat from the NFT market as the digital collectibles sector continues its steep decline. The move, confirmed in early September, included the departure of…