Freeman’s Merges with Hindman to Form Major U.S. Auction House

The new entity, Freeman’s | Hindman, will have a significant presence across the U.S., with plans to expand internationally amid challenging market conditions.

• Freeman’s, America’s oldest auction house, is merging with Chicago-based Hindman, expanding the Philadelphia company’s national profile.
• The new company, Freeman’s | Hindman, will have six salesrooms and 18 regional offices across the U.S., including a new 5,000-square-foot salesroom in New York’s Upper East Side art district.
• Freeman’s | Hindman had combined sales of $132 million last year, with Freeman’s bringing its long-standing partnership with Scottish auctioneers Lyon & Turnbull to the new entity.
• The merger comes amid a dip in the art market due to high interest rates and war in Ukraine and the Middle East, with sales of art by the three biggest auction houses declining 27% in 2023 to $5.76 billion.
• The new firm will continue to offer appraisals for insurance needs, financial planning, and estates.

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