Newly formed company to serve upper-middle art and collectibles market

  • Hindman and Freeman’s are merging to form a single auction house
  • The new company will serve the upper-middle segment of the art and collectibles market
  • Freeman’s | Hindman realized sales of $132 million last year
  • The merger will expand offerings to clients in the US and globally
  • The combined company will have six salerooms and 12 regional offices
  • The merger is happening amidst consolidation in the auction market
  • Freeman’s will benefit from Hindman’s national reach, while Hindman will benefit from Freeman’s alliance with Lyon & Turnbull
  • Both houses are customer-centric and focused on serving private clients and trust and estate professionals
  • The new company will continue to offer appraisals, private sales, and art advisory services
  • The upper-middle market for art and collectibles is still healthy and attracting new collectors

Hindman and Freeman’s are merging to form a single auction house that will serve the upper-middle segment of the art and collectibles market. The new company, Freeman’s | Hindman, realized sales of $132 million last year and plans to expand offerings to clients in the US and globally. With six salerooms and 12 regional offices, the merger strengthens the advantage of the new firm in an increasingly competitive auction market. Freeman’s will benefit from Hindman’s national reach, while Hindman will benefit from Freeman’s alliance with Lyon & Turnbull. Both houses are customer-centric and focused on serving private clients and trust and estate professionals. The new company will continue to offer appraisals, private sales, and art advisory services. Despite global economic uncertainty, the upper-middle market for art and collectibles remains healthy and is attracting new collectors.

Public Companies: Hindman (null), Freeman’s (null), Leslie Hindman Auctioneers (null), Cowan’s Auctions (null), Lyon & Turnbull (null), Bonhams (null), Cornette de Saint Cyr (null), Skinner (null), Phillips (null)
Private Companies:
Key People: Alyssa Quinlan (CEO), Jay Krehbiel (Executive Chair), Hanna Dougher (COO), Fraser I. Niven (President), Andrew Seltzer (Deputy COO), Alasdair Nichol (Deputy Chairman), Molly Morse Limmer (Deputy Chairman), Molly E. Gron (Managing Director, National, Trusts, Estates and Private Clients), Paul Roberts (Vice Chairman)

Factuality Level: 7
Justification: The article provides information about the merger between Hindman and Freeman’s auction houses, their plans for expansion, and the benefits of the merger. It also mentions the growth and reach of both companies, as well as their focus on serving clients in the art and collectibles market. The article includes quotes from executives of the merged company and provides examples of their previous collaborations. However, the article lacks specific details about the merger and its financial implications, and it does not provide any external sources or perspectives to support the information presented.

Noise Level: 7
Justification: The article provides information about the merger between Hindman and Freeman’s auction houses, their plans for expansion, and the benefits of the merger. It also mentions the consolidation happening among smaller auction houses. However, the article lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on the business aspects of the merger and does not explore the consequences or implications for the art market or the clients. Overall, the article contains relevant information but lacks depth and critical analysis.

Financial Relevance: Yes
Financial Markets Impacted: The merger between Hindman and Freeman’s auction houses may impact the art and collectibles market, particularly in the upper-middle segment. The expansion into international markets could also have implications for the global art market.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the merger between Hindman and Freeman’s auction houses, which has financial implications for the art and collectibles market. However, there is no mention of any extreme events or their impact.

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