Business · Companies · 1 day ago
Chennai auction house Murray & Co approaches its 100th year
Murray & Co, an auction house in Chennai, was founded by brothers A. Vedantam and S. Rajam in 1927.
It has held Sunday auctions almost continuously since then, with pauses during a move and the pandemic.
The business began with real estate and later expanded to household goods, furniture and industrial auctions.
Today it sells more electronic items than it did in the past.
Its industrial auctions are fully online, while its retail auctions are still held in person and an online portal is being developed.
The company says it plans to keep physical auctions because they have a distinctive appeal.
As it approaches its 100th year, it plans to develop concrete ideas for a centenary celebration over the coming months.
Murray & Co, a Chennai auction house founded in 1927, is approaching its 100th year.
The company was founded by brothers A. Vedantam and S. Rajam on February 10, 1927.
It has held Sunday auctions almost without fail, with pauses during a relocation and the pandemic.
The business has expanded from real estate auctions to household goods, furniture and industrial auctions.
Its industrial auctions are fully online, while retail auctions remain in-person as the company develops an online portal.
- Who
- Murray & Co, founded by brothers A. Vedantam and S. Rajam.
- What
- The Chennai auction house is approaching its 100th year.
- When
- Founded on February 10, 1927; it is nearing its centenary.
- Where
- Chennai, India. Its current premises are at Gemini Towers, near the Gemini Flyover.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Brothers A. Vedantam and S. Rajam founded Murray & Co.
Hemant Srivatsa joined the business.
The original auction room was behind the LIC Building.
Murray & Co briefly operated from Mandaveli before moving to Gemini Towers.
The auction house paused its auctions.
- Founded
- February 10, 1927
- Founders
- A. Vedantam and S. Rajam
- Original auction room
- Behind the LIC Building
- Current premises
- Gemini Towers, near the Gemini Flyover
- Industrial auctions
- Completely online
What people are saying
We are very proud of it. We have conducted Sunday auctions almost without fail since our inception.
Even after it is launched, we want to continue our physical auctions because they have a charm of their own that no technology can replace.
Every single item is memorable. Every transaction is special, not just for us, but for the person who entrusted it to us and, hopefully, for the person who eventually bought it.
Yes, the plans are still in the works. Over the next few months, we will come up with concrete ideas to celebrate the centenary.
Sources
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