The auction of auctioneer - part 2
It sounds like the auction of Bonhams isn't going as smoothly as the ones carried out by the 200-year old auctioneer.
The owners of Bonhams hired Greenhill last year to look at "strategic options".
Since then, various parties - such as China's Poly Culture - have got into serious discussions about a deal only for it fall over at the final stages.
The latest bidder to come close to buying Bonahams is/was CVC Capital Partners, one of Europe's largest private equity houses...
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