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Former Sotheby’s director Graham Budd founded the sports memorabilia specialist 18 years ago and has recently agreed a sale to a syndicate led by businessman Tim Murphy.

As part of the deal Adam Gascoigne, who runs sports memorabilia conservators and framers Sportsframe, is now CEO.

Murphy said: “Graham Budd, the company and the man, are synonymous with a passion for sport and a deep understanding of the market and we plan to build on this.”

Currently Graham Budd Auctions holds four specialist sports memorabilia auctions a year alongside a series of dedicated timed auctions and exclusive private sales.