Bonhams Launches “The Market” Online Auction in the U.S.

by Sommer Thornton

One of the most renowned auctioneers in the U.K. brings its successful online auction “the market” to the United States. First sales began Jan. 24 and will close today, Jan. 31, 2022. Launched in 2016 overseas, The Market offers top selection and appraisals, zero fees for buyers and sellers and a 5% seller’s commission. The Market by Bonhams US will be led General Manager Caroline Cassini and supported by US-based consigners and the wider Bonhams motoring team.

Bonham The Market
Bonham The Market

Bonhams, since 1793 have been one of the world’s top auctioneers of fine art and antiques, motor cars and jewelry. The main salerooms are in London, New York, Los Angeles and Hong Kong, with auctions also held in Knightsbridge, Edinburgh, Paris, San Francisco and Sydney. With a worldwide network of offices and regional representatives in 22 countries, Bonhams offers advice and valuation services in 60 specialist areas.

Introduction of The Market in the U.S. signifies Bonhams’ “always on” strategy that coupled with showrooms, live auctions held in Amelia Island, Quail Lodge and Scottsdale and now online sales in the U.K. and the U.S. has a 24/7 global sales network. The platform provides a secure online auction with the full transparency and accessibility as well as competitive buyer and seller perks.

1989 Ferrari F40 sold on The Market $1,325,482 July 2021

Sellers with The Market by Bonhams US pay a commission (capped at $5000) and receive a comprehensive, professional auction listing at no extra cost, written by a team of motoring experts, depicting all aspects of the car. The cars, their custodians and customers will receive the same 5-star service which has been delivered for the past five years. An auction can be set up in a few days and is live for seven days. Would-be bidders register and are immediately able to bid. Automatic bidding is offered where bidders submit their maximum bid in advance. Winning bidders pay a 5% deposit to The Market by Bonhams and then agree to payment terms with the seller before collecting their new vehicle.

Check it out at themarket.Bonhams.com to view the latest classic cars on the auction block.
For a full list of upcoming auctions visit www.bonhams.com.