In a stunner Morphy Auctions buys James D. Julia Auctions

My goal is to publish new posts twice a week — Mondays and Thursdays. There has been a lot of auction action in December, which I’ll cover in the next few weeks. You won’t want to miss these posts, which will be every Monday and Thursday.

First and foremost I want to wish a Merry Christmas to all of my Christian friends, clients and readers.

We’re just back from a wonderful 3-week vacation in Asia, having visited Singapore, Thailand, Vietnam, China and Hong Kong. Now back to work.

Because of the importance of this post, I will leave it for the entire week. The next post will be next Monday.

Dan Morphy (left) and Jim Julia (right) shake hands

In a stunning turn of events, Morphy Auctions of Lancaster County, Pennsylvania, has bought James D. Julia Auctions of Fairfield, Maine. Their publicity lists the sale as a merger, but that seems like a bit of hyperbole. Well I guess it is a merger, sort of. Morphy Auctions will acquire the mailing lists of Julia Auctions and will continue to employ the sales staff and department experts of Julia’s. All of the support staff at Julia’s including secretaries, accountants, photographers, shippers, etc. will lose their jobs. Julia’s will still hold a February and a March sale in Maine, but will close its doors on May 1, 2018. I’m told those employees losing their jobs will receive generous severance packages.

Sales at Morphy’s have been approximately $35 million per year, while Julia’s had sales of $43 million. Dan Morphy is hoping the combined company will achieve sales equal to or better than the individual totals. Morphy will gain important departments, including the highly successful Rare Firearms and Glass and Lamps divisions. Mike Fredericks, head of Julia’s Glass & Lamp Department, will be moving up to become manager of all departments — a smart move by Morphy.

I’m sure part of Jim Julia’s motivation is to spend as much quality time as he can with his wife, Sandy, who is dealing with brain cancer. They are both personal friends of mine whom I wish nothing but the best.

If size is important (and it probably is) and Morphy does a good job of integrating Julia’s staff, it should work out well. Time will tell. Got my fingers crossed for all involved. Don’t be surprised if Morphy buys another auction house a few years down the road. You heard it here first.

No more shows until February 2, 2018, when we’ll exhibit at the Miami Airport show. I’ve been beating the bushes finding new treasures and have come up with some beauties. I will make every effort to actively list new items as often as time permits. We’re still very much in business between shows, so please don’t hesitate to email or call. I always strive to offer the finest objects for sale on my website and at every show. There are many items for sale, sold items with prices and free lessons about glass and lamps. And remember to keep reading my blog.

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