Auctioneer keeps it in the family with latest senior promotion

Nottingham-headquartered auction house John Pye & Sons has capped a record year by making a significant new addition to its senior management team.

Addison Pye, grandson of founders Ann and John Pye, has been promoted to director to help future-proof the business and provide a clear line of succession among the firm’s top brass.

Addison has worked for the company for more than seven years, initially joining as an auction porter before rising through the ranks to become commercial manager.

He recently led John Pye’s expansion into Spain and has played pivotal roles in the development of new initiatives within the firm’s trading and delivery departments.

Addison said: “I’m excited and honoured about the director’s decision to elect me to join the John Pye & Sons Ltd Board. I look forward to bringing my ideas to the table and continuing the rapid expansion of this dynamic business. It feels surreal to be following in the footsteps of my grandparents, the founders of the business, and I’m delighted to now be a part of the company I’ve grown up being fascinated with. I’m extremely driven to make the family and company proud and achieve our full potential over the years to come.”

Adam Pye, managing director of John Pye & Sons, added: “Naturally I’m delighted and very proud. The continued success of the current Board is vital for our clients, customers and colleagues alike. My parents and founders, Ann and John are very proud, not just because the family business remains on a good course, but because Addison has a natural flare for business and finance. Addison’s well-rounded ability and creativity bring a new dynamic to the board and demonstrates the company’s ambition for the future.”

Earlier this month, the auction house revealed its turnover had increased by 28% to £33m – up from £26.4m the previous year.