CEO and group managing director of international auction house Bonhams, Malcolm Barber, speaks to Business Spectator's Isabelle Oderberg from New York to explain:
- Collectors and buyers previously out-gunned by hedge funds and financiers now have a better chance of winning auctions
- In fine art, more speculative pieces are not proving as popular as in the previously inflated contemporary art market
- The vintage car market is holding up extremely well, Bonhams recently selling a Bugatti in Paris for €3.5 million
- Bonhams offers clients the peace of mind of a trust fund account, with the proceeds of all sales being ring-fenced and not used for the operation of the auction house
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