Following last week’s announcement of their global sales totals, Bonhams have now released figures for their 2013 revenues and profits as well.
In the year that they opened their new £30m Bond Street
headquarters, the company reported revenues of £127m, gross profits
of £91m and operating profits of £25m before exceptional, one-off
The company also bought back £18m of preferred ordinary
These figures are set against a backdrop of the £30m
redevelopment project, which was funded through cash flow rather
than loans, as well as plans for further significant investment in
major New York and Hong Kong facilities and salerooms this
Away from the bricks and mortar, Bonhams revealed that more than
25% of all bids are now made through the company's own online
Chairman Robert Brooks said: "2013 was a year where we saw the
Bonhams brand establish itself further on the global stage. We have
put significant investment behind growing a brand that can compete
effectively in the key auction markets of the world. We will
continue to invest in people, property and marketing in the future
and I fully expect to see Bonhams winning market share in Europe,
North America and Asia.
"Our clients choose Bonhams because of the expertise of its
people, backed by a brand that is clearly challenging the status
quo across the world, and we are very excited by the potential that
this business presents."
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