Bonhams

Definition of 'Bonhams'


A London-based auction house specializing in the sale of art and antiques. Bonhams opened its first showroom in 1793, and operates eight auction venues around the world.

Investopedia explains 'Bonhams'


Bonhams competes with large auction houses, such as Christie’s and Sotheby’s, and has expanded into international markets in order tap into emerging economies. While it specializes in every major area of art and collectibles, it is perhaps best known for its market position in antique motor vehicles.

Bonhams has been involved in several mergers over the years. In 2000, Bonhams was acquired by Brooks, another auction house, becoming Bonham & Brooks. In 2001, Bonham merged with Phillips Son & Neale, and in 2002 acquired Butterfields. 


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the acquiring company will make an offer for the outstanding shares.
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by additional investment would not warrant the expense. A harvest strategy is employed when a line of business is considered to be a cash cow, meaning that the brand is mature and is unlikely to grow if more investment is added.
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better.
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put another way, 80% of consequences stem from 20% of the causes.
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The principle states that, for many phenomena, 20% of invested input is responsible for 80% of the results obtained. Put another way, 80% of consequences stem from 20% of the causes.
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer to government spending rather than business or individual spending. When referring to accrued federal government deficits, the term "national debt” is used.
Trading Center