Parker has set up the new firm with former colleague Henny Smith.
The auction house will hold monthly sales of around 500 lots and focus on oil paintings, prints , engravings , photographs , posters , watercolours and frames.
Vendors will be charged a fixed fee for consignments – £10 plus VAT and buyer’s premium is 25% plus VAT.
Parker Fine Art Auctions will operate from Hawthorn House in the centre of Farnham.
The first sale is scheduled for September 3 and the auction house will open for valuations and consigning from July 1.
Parker said: “I have learnt a lot about auctions over the years when buying and selling through them as a dealer and working at auction houses so I decided the time is right for me to do it myself.”
‘Vendors seem keen’
Smith added: “Starting this business in lockdown has brought up a number of challenges of course. But vendors seem very keen despite the challenges and we have had the idea warmly embraced.
“People have not had the opportunity to move stock around during the lockdown and many people are re-evaluating what they have so we see many opportunities.”
The pair worked together at auction house John Nicholson’s for around five years.
Parker, who started at Bonhams as a porter in 1973, worked as head of pictures at John Nicholson’s from 2012. Prior to that he ran his own art dealership in Hampshire for 30 years. His son Archie Parker, a BADA member, runs The Parker Gallery.
Smith started her career at Sotheby’s as an archivist in 1998 in the British pictures department. She also worked at Tennants auctioneers.
Parker Fine Art Auctions employs two porters and two administrators and will use online platforms including thesaleroom.com.