Auktionshuset blev etableret i 1948 af Jesper Bruun Rasmussens far, kunstauktionsleder Arne Bruun Rasmussen. Han døde i 1985, hvor Jesper Bruun Rasmussen arvede firmaet.
Jesper Bruun Rasmussen var allerede trådt ind i familieforetagendet som 17-årig, og har viet det meste af sit liv til kunsten.
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