Strengthening their position as Ireland’s largest auction house, James Adam & Sons have been assigned the fine art business of major Dublin rival and property giant Hamilton Osborne King.
Following a strategic alliance signed between the two
companies on August 1, HOK will recommend clients for fine art
sales and valuations to Adam's centrally located auction house in
St. Stephen's Green in return for a referral fee.
HOK are one of the big three estate agents in Ireland. They have
no permanent designated saleroom but are well known for their
on-site estate auctions. Most recently these included the €2m
(£1.4m) Lissadell House sale in Co. Sligo conducted in partnership
with Christie's in November 2003. However, the company have
recently opened a number of residential estate agents in the Dublin
area and the new agreement reflects their desire to focus upon
their core business.
Adam's director Stuart Cole - who said his company had been in
discussion with its local competitor for some time - told ATG he
relished the opportunity to serve the HOK country house department
and its current and future clients. He added that Adams, who
divested themselves of their own property division around two years
ago, were currently engaged in an expansion plan of which this
alliance - and the recent appointment of Irish art specialist David
Britton, formerly owner of Dublin dealership the Frederick Gallery
- was an important part.
Adam's managing director James O'Halloran added: "This move
consolidates Adam's position as the premier auction house in
Ireland. HOK Fine Art's business model fits comfortably with our
existing practice. By aligning our specialist knowledge and
business acumen with HOK's established reputation in the property
and fine art field, we anticipate further growth and development in
this competitive market."
Last year James Adam & Sons posted January to December sales
figures of €7.5m from a calendar including 12 catalogues sales of
Irish, Modern and Fine Art.
HOK Fine Art sold more than €2m worth of art and antiques last
year although sales in previous years have been swelled by major
The fine art division of the company was believed to employ five
or six full-time members of staff.
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