29 Sep 2009

Change of ownership for Sotheby's Australia

10:02 am on 29 September 2009

Sotheby's Australia is to be bought by an Australian company associated with Mowbray Collectables.

Sotheby's Australia will operate as an independent business in the areas of fine art, decorative art, fine jewellery, Aboriginal art and collectable cars.

Mowbray says the transaction is expected to close later this year. The deal cements its involvement in fine arts auction houses in both Australia and New Zealand.