Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Bonhams Retrenches in Hong Kong

February 29, 2016 by Marion Maneker

Magnus Renfrew on ArtHK 11

Auction house departures seem to be the story of February. Just in under the wire comes the news that Bonhams has cut back its operations in Hong Kong where Magnus Renfrew had been in charge:

“I was surprised and disappointed at the news,” said Renfrew in a phone interview in Hong Kong. “But there are already other opportunities emerging that are very exciting.” He was told Feb. 25 about his dismissal by Chief Executive Officer Matthew Girling who had flown to Hong Kong to announce the departures. Renfrew, 40, joined Bonhams in September 2014 to help spearhead the auction house’s expansion in Asia, leveraging his expertise in fine art and excellent network in the region. Renfrew was the founding fair director of ART HK in 2008 which is now known as Art Basel Hong Kong.

Bonhams Fires Asian Deputy Chairman Renfrew Amid Art Slowdown  (Bloomberg Business)

More from Art Market Monitor

  • Pinault Buys at FIACPinault Buys at FIAC
  • The Wisdom of Simon de Pury The Wisdom of Simon de Pury
  • Sotheby’s Will Have to Provide Details on Sales to Bouvier That Ultimately Went to RybolovlevSotheby’s Will Have to Provide Details on Sales to Bouvier That Ultimately Went to Rybolovlev
  • Marie-Therese Mania Punctured by Sotheby's Star LotMarie-Therese Mania Punctured by Sotheby's Star Lot
  • The Mood in Maastricht: ConstrictedThe Mood in Maastricht: Constricted
  • Bonhams Announces Two Irma Sterns for September South African SaleBonhams Announces Two Irma Sterns for September South African Sale

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...