In this episode of the Family Office Success podcast, Christi Van Rite explores the world of auction houses with Kathleen O'Brien, Director of Trust and Estates at Bonhams. Kathleen discusses her background in the art world, Bonhams's acquisition of Skinner, and the scope and operations of the auction house. They delve into market trends, focusing on the shift from fine art to luxury goods, and the evolving tastes across generations. Kathleen explains the auction process from consignment to final sale, emphasizing Bonhams's global reach and local approach. This episode offers valuable insights into how auction houses operate, the appraisal process, and the transparency and accessibility of auctions.