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which means we can do sales on site. This makes us much<br />

more flexible and enables us to expand our business in<br />

Hong Kong.<br />

How will this change the way you run your sales in Hong<br />

Kong?<br />

Before we used to do the sales in a hotel like everybody<br />

else so of course you do them in blocks and tend to do<br />

them at the same time as everybody else’s. To a degree we’ll<br />

still do this because we want to be there when everybody<br />

is in town but the new premises mean we can do sales on<br />

a more regular basis, we can do smaller sales, we can lots of<br />

different things that you just can’t do in a hotel.<br />

What else can you tell us about the Hong Kong premises?<br />

When you walk into Bonhams Hong Kong you will<br />

immediately recognise it as Bonhams. The building is<br />

about the brand and you will feel that when you walk<br />

in. Like the London HQ it’s geared towards using natural<br />

light and high-quality lighting.<br />

What about the New York outpost?<br />

New York will open late 2014 or early 2015 and is much<br />

bigger (over 20,000 sq ft) and even more spectacular<br />

than Hong Kong. We’ll be on the corner of Madison<br />

and 56th Street. There will be more space, more air,<br />

more light. Light is a big thing in New York. I want<br />

all of our salerooms to have all the facilities that the<br />

21st century requires, live internet feeds and wi-fi<br />

everywhere, things that should just be a natural part of<br />

the building.<br />

Has the auction world in general been slow to innovate?<br />

In fairness to the three biggest companies we have all<br />

done some fairly interesting and exciting things over the<br />

years. We were all quick to get on the internet though<br />

Bonhams was the first. Sotheby’s did a joint venture with<br />

Amazon at one stage and we got into bed with Ebay in<br />

America. We’ve all tried to innovate in those areas. We are<br />

still the three leading auctioneers in the world and there’s<br />

still only a handful of trusted brands.<br />

How is the art auctioneering business in Hong Kong?<br />

Even though things have fallen off a bit in China, Hong<br />

Kong’s still bubbling. We’re very excited about the coming<br />

auction season. R<br />

THE<br />

RESERVE<br />

67

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