Tag: Auction houses
Former Luxury Goods Head Appointed as Global Chief Executive at Bonhams
Chabi Nouri, a Swiss luxury goods and private equity expert, has been appointed as the new global CEO of Bonhams auction house. With a background in luxury goods and retail,
DetailAbu Dhabi Sovereign Wealth Fund to Acquire Stake in Sotheby’s
Abu Dhabi’s sovereign wealth fund, ADQ, has secured a deal with Sotheby’s owner, French-Israeli telecoms tycoon Patrick Drahi, for a minority stake in the auction house. The transaction is set
DetailSotheby’s sees an 88% drop in core earnings, says Financial Times report
The financial challenges faced by Sotheby’s have been brought to light in a recent report by the Financial Times, revealing an 88% decrease in core earnings for the auction house
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