Managing director John Pye Auctions, Adam Pye, has been named as “one to watch” by Lloyd’s Development Capital (LDC), as part of its top 50 ‘Most Ambitious Business Leaders’ list.
The accolade follows news that the auction house reported its highest recorded auction figures in its 52-year history, with a 79% sales increase compared to pre-lockdown.
Pye said: “I’m thrilled to have been identified as ‘Ones to Watch’ by LDC alongside some really fantastic business leaders. The list highlights the sheer amount of great work that is being done by medium sized companies across the UK, so I feel honoured to be included.
“I’ve been director for 25 years and MD of John Pye for 16 years and steered the firm through a number of recessions and hard times, but I don’t think anyone has experienced a year quite like this. All business leaders across the globe have seen some real highs and lows so it’s great to have something to celebrate.”
He added: “As we move further into quarter four, towards the end of 2020, John Pye is busier than ever. We’ve cleared out more than 250 stores across the UK and handled a number of proceeds of crime millionaire bankruptcies.
“It’s a sad fact of business that certain firms will struggle in times like these and it’s hard to see some of our long-standing retail clients go into administration. However, we’re optimistic about the future.”
John Pye Auctions has been named as the fastest growing auction company in the UK over the last ten years and judged the UK’s ‘Asset Valuer and Auctioneers of the Year’ for the last five years running.
It holds more than 1,300 auctions per year and has just reached the milestone of half a million registered bidders.