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Bonhams Moves to New Headquarters on Manhattan's Billionaires' Row

KVIA•Tuesday, January 27, 2026 at 8:38 AM•CNN Newsource

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Bonhams, a prominent auction house, is set to relocate its American headquarters next month to a new space on Billionaires' Row in Manhattan, leaving its previous location on Madison Avenue. The new facility will feature an expansive 42,000-square-foot area, including two auction rooms and four galleries, aimed at making art more accessible to the public. This strategic move follows a trend among auction houses to attract a broader audience and diversify their offerings, particularly in the mid-range market where Bonhams operates. The opening will coincide with significant sales, including a collection featuring works by Andy Warhol and a historic Steinway piano. This shift reflects ongoing changes in the art market, influenced by economic pressures and a widening wealth gap.

Key Details: • Bonhams will open its new headquarters in May 2024. • The new location includes two auction rooms and four galleries. • The opening will feature the Evan Lobel Collection with over 200 design objects. • A 1910 Steinway piano used by Elton John will be auctioned in May.

art new-york auction bonhams billionaires-row

People & Organizations

New YorkLilly ChanSaara PritchardCharles F. StewartBillionaires' RowSteinway HallBonhamsSotheby'sMadison AvenueChristie's

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