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East Midlands Chamber News

John Pye launches luxury assets division

Adam Pye, managing director, Sheldon Miller, business development managerThe UK’S largest independent commercial auction house, John Pye Auctions, has launched a luxury assets division in response to growing market interest.

The new division is the fifth in the auctioneer’s expanding portfolio which offers a range of luxury asset sectors.

It will be led by an experienced appraisal, valuation and auction management team which includes Manager Paul Hird, Managing Director Adam Pye, Business Development Director Sheldon Miller and IT Director, Jeff Foster.

Adam said: “This is an exciting development for the John Pye brand. We believe we can offer both the client and the customer a new, exciting and innovative route to market with greater reach and realisation.

“We have already achieved this through the success of John Pye Property, retail, professional services and rolling stock.”

The luxury assets division currently has a salesroom in Nottingham with a further salesroom being created in Marchington.

The division currently holds a fortnightly online auction of luxury watches and jewellery from its Nottingham HQ on behalf of UK dealers, with plans to expand operations and sales nationally in the next 12 to18 months.

Over the past four years John Pye Auctions has grown to become the UK’s largest independent commercial auction house, expanding from one trading site to 11. The firm now holds more than 400 auctions a year and recently broke through the one million lot auction sales barrier. The company is on course for its third consecutive record auction sales year.

Ian Hall - respected UK fine art, antiques and artefacts valuer - will oversee the new division, bringing with him 30 years’ experience. Ian specialises in research, value and auction management of fine art, antiques, watches, jewellery and other luxury items.