Bonhams has acquired The Market, one of the leading and fastest growing online marketplaces for classic car and motorcycle auctions.
Founded in Oxfordshire in 2017, The Market sold vehicles to the value of £13 million and grew its turnover by almost 300% during the past year.
The acquisition adds another dimension to Bonhams, one of the oldest and most venerable international auction houses, and it has salerooms in London, New York, Los Angeles, Paris, and Hong Kong.
Bruno Vinciguerra, Bonhams CEO, added: “Bonhams is renowned globally for its heritage and entrepreneurial spirit, its expertise, transparency, and great client service, and these are all qualities also at the heart of The Market’s operations. This combination will play to both our strengths and allow us to become even more accessible to a wider range of clients. I am very excited about the future.”