DENVER, Pa. — Dan Morphy of Morphy Auctions, recently announced a merger with renowned international auction company of James D. Julia, Inc., which will become a division of Morphy Auctions.
Morphy Auctions and James D. Julia, Inc. share a common purpose of delighting collectors worldwide with aligned missions and unparalleled customer service standards. Joining forces create a synergistic team of passionate staff members to better serve customers and strengthen the industry.
Both companies take pride in having the most talented and knowledgeable experts in the industry. One of the biggest advantages to this merger is blending both teams of leading experts to enhance processes, descriptions, and valuations.
Morphy Auctions realized annual sales of $35 million dollars within the last year. Within this same
time, Julia’s generated $43 million dollars in annual sales; for a combined gross of $78 million dollars. With this combined total of potential annual sales, Morphy Auctions is poised to become the one of the largest antique auction houses in North America.
President and founder of James D. Julia, Inc., Jim Julia, has been involved in the auction business for nearly 50 years. He began as a small country auctioneer in Maine but grew the company to an internationally renowned business, which currently consists of three divisions; Rare Firearms, Lamps, Glass & Fine Jewelry, and Fine Arts, Asian & Antiques.
Morphy Auctions has experienced tremendous growth over the years. The combination of the highly experienced and much acclaimed Julia team together with the outstanding auction team that Morphy has already formed, will make Morphy Auctions the ultimate place to go for rare firearms and important lamp & glass; as well as, toys, dolls, advertising, coin-op, automobilia and petroliana, and all forms of decorative arts.
Dan Morphy said, “I have literally spent all my life watching and learning from Jim. With nearly 50 years in the industry, Jim has an undisputed reputation. I admire and will emulate his business approach towards his clients and employees. It is an honor and privilege to have this new association with someone I have considered to be a mentor and leader in the industry.
"Over the years, Jim Julia crafted an extraordinary team and unique auction company. This is a result of his philosophy, business acumen and direct, honest approach with his clients. I have always tried to incorporate the same approach. In merging with Julia’s extraordinary team, I intend to make the transition as seamless as possible. The bottom-line is that I not only want to merge Jim Julia’s company and his people but I want to expand the philosophy of our business to include much of what created extraordinary success for Jim."
Jim Julia, shared, “I had never considered not being in the auction business and I have, for many years, contended that I, like my father (who passed away at nearly 90 years old this past year), would continue to auction well into my 80’s, provided my health allowed it. The limitation in my mind had always been my personal health. But in November of 2016, my wife received a devastating diagnosis of incurable brain cancer.
"I immediately realized that as much as I loved the people, the antiques, and the excitement of the auction; there was nothing more important in this world to me than my wife. I elected to devote my time to my wife, Sandy. From November of 2016 until today, my auction company never skipped a beat and has been extremely successful under the leadership of my good friend and CEO, Mark Ford, who continued to lead, improve, and expand our company.
A short while ago, Dan Morphy called to speak with me and asked if I would consider selling the company or doing some sort of joint venture. I explained to him that there were three things that were incredibly important to me; first, of course, was what was in the best interest of me and my wife, secondly, my obligation to my incredibly loyal and dedicated team of employees, and thirdly, wanting to do what would best serve all of the wonderful consignors and buyers that the company had developed over the years. The ensuing conversations with Dan, and ultimately the deal we were able to put together, allowed me to cover all three of these factors."
Appealing Business Approach
Julia continued, "The employee concern was a highly important one. With Dan’s like-minded philosophy and practice with his current team; it instilled tremendous confidence in my people as they made their new career commitment to Morphy Auctions. As I said, I also had a concern for all the wonderful consignors and buyers that have followed my company for these many years. I really wanted to see the core philosophy of my business continue. And in addition, provide my valued customers with a similar special opportunity as they had experienced with Julia’s. Dan’s approach to adopting many of the key components of my business philosophy gave me a great sense of assurance. In addition, it brought confidence and satisfaction in regards to the fact that my customers now and into the future will continue to have a wonderful auction experience as they have for many years with Julia’s."
Both teams will be in attendance at the 2018 Las Vegas Arms Show, January 19th – 21st, 2018.
Julia’s currently has scheduled a Fine Arts, Asian & Antiques auction in February of 2018 and their spring Firearms Auction which will take place in March. To facilitate a seamless transition, the Julia team will conduct both sales in its Fairfield, Maine. Morphy Auctions will hold all future auctions and accept consignments in their Pennsylvania and Nevada locations.
For more information, visit www.morphyauctions and www.jamesdjulia.com.