Bonhams Puts Itself Up for Sale - Report

RAPAPORT... UK-based auctioneer Bonhams is considering a sale of thebusiness, and has appointed investment bank NM Rothschild to advise on theprocess, The Sunday Times reported.A sale to a private-equity house is the most likely outcomefor the 225-year-old company, whose chairman, Robert Brooks, is a formerdirector of Christie's, the report said. Four years ago, Brooks hired bankersfrom Greenhill to run an auction of the company, the London newspapercontinued.Bonhams declined to comment to Rapaport News.Image: Fancy vivid yellow diamonds from Bonhams' December auction in London