Mowbray invests in Bonhams & Goodman

Mowbray Collectables has made a conditional investment in auction house Bonhams & Goodman in Australasia.

Mowbray said it had agreed to buy a 20 per cent stake in the firm for an undisclosed sum.

Bonhams & Goodman specialises in auctioning art, antiques, jewellery, collectors' cars and sport and entertainment collectables.

This week, Mowbray reported a net loss of $87,000 for the September half-year, down from a profit of $171,000 the same time last year.

A fully imputed dividend of 1.5c a share is unchanged from last year.