Private equity firm Epiris acquired Bonhams in 2018.

Enjoy unlimited access: just £1 for 12 weeks

Subscribe now

According to Bloomberg, the private equity firm Epiris, which acquired Bonhams in 2018, has appointed financial services giant JP Morgan Chase to explore the possibility of a sale. Neither Bonhams, Epiris nor JP Morgan have commented.

The price Epiris paid for Bonhams has never been disclosed but is thought to have been in the £200m-300m range.

It has since made a string of acquisitions, purchasing Swedish auction house Bukowskis, US firm Skinner, Danish saler oom Bruun Rasmussen and French outfit Cornette de Saint Cyr.

In 2022 Bonhams reported a record annual turnover of more than $1bn (£840m).