Bethunes shareholders agree to sell Webb's auction house, seek new direction

Fri, 15 Jan 2016

By Sophie Boot Jan. 15 (BusinessDesk) - Shareholders in Bethunes Investments, formerly known as Mowbray Collectables, have agreed to sell its Webb's auction house for $800,000 to Australia's Mossgreen. The deal is conditional on the Australian auction house taking over the lease of the gallery's Parnell premises, which Bethunes director Ian Halsted said at a special meeting in Wellington today was nearly complete, with the new lease needing to be approved by the purchaser's lawyers. Completion of the sale is expected to occur on Jan. 31....

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