John Pye Auctions has launched a Luxury Assets division in response to growing market interest and enquiries
John Pye Luxury Assets division is the fifth trading division in the John Pye Auctions portfolio, operating alongside John Pye Property, Retail, Professional Services and Rolling Stock (vehicles & plant).
John Pye Luxury Assets offers commercial and private clients in the UK and overseas a full suite of asset management and auction services from appraisals and valuations, through to secure transportation and storage to remarketing and online auction solutions.
The company’s new division asset services cover a range of luxury asset classes, including jewellery, precious gem stones, luxury watches, prestige vehicles, cherished registration plates, fine art and antiques.
Over the last 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 1 million lot auction sales barrier for the fourth year growth period and is on course for its third consecutive record auction sales year.
The new Luxury Assets division is a special company project personally overseen by John Pye Auctions Directors Adam Pye, MD, Sheldon Miller, Business Development Director and Jeff Foster, IT Director. It is staffed by a growing full time team of 12 experienced John Pye appraisal, valuation, security and auction staff.
John Pye Luxury Assets currently holds a fortnightly online auction of luxury watches and jewellery from its Nottingham HQ, on behalf of UK pawnbrokers and private & corporate clients, with plans to expand operations and sales nationally in the next 12-18 months.
John Pye Auctions MD, Adam Pye, said: “This is an exciting development for the John Pye brand. As we have done and are doing in other asset markets, 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 put a great deal of planning, preparation, time and cost into this new division set up. We have launched one John Pye Luxury Assets Saleroom at our East Mids Auction Hub in Nottingham. We are now nearing completion of building works for a second John Pye Luxury Assets Saleroom at our 11 acre West Midlands Auction Hub in Marchington, Staffs. We have plans for further John Pye Luxury Assets Salerooms in strategic locations throughout the UK.”
Overseeing day-to-day Luxury Assets operations is long standing John Pye Manager Paul Hird, who has experience of managing Central Government asset disposal contracts and is supported by a large team of staff.
Expert valuations are supported by respected UK fine art, antiques and artefacts valuer, Ian Hall, who has 30 years’ experience in research, value and auction management of fine art, antiques, watches, jewellery and other luxury items.
John Pye Auctions Luxury Assets division has a vast network of trusted contacts and clients across all luxury asset classes, including members of both the British Antiques Dealers Association (BADA) and The Association of Art and Antique Dealers (LAPADA). John Pye Luxury Assets holds fortnightly online auction offerings from its Nottingham Head Office with plans to open further Luxury Assets Salerooms across the UK.
John Pye Auctions is now planning an exclusive auction offering of luxury assets for a private client which will see the offering marketed internationally.
Business Development Director, Sheldon Miller, said: “This particular offering is of national and international significance within its luxury asset class and we are honoured to have been bestowed this instruction by our private client.
“We have been working on this particular project for the last six months. Within the next month it will be presented and previewed to market and revealed in its entirety in the build up to a series of online auctions this Autumn and Winter.
“The luxury assets in question will present John Pye customers with a once-in-a-generation exclusive auction offering.”