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The acquisition will help the CAC consolidate their presence in the Gloucestershire area and has a clear logic given that the two auctioneers already share a saleroom in Bingham Hall, Circencester.

Mr Fraser Glennie will continue to provide the new-look business with goods for sale and professional help on the rostrum. Meanwhile the CAC have announced the full-time appointment of auctioneer and valuer Catriona Aspray, formerly of DDM and Kidson-Trigg, who joined the company as part-time maternity cover in the summer.

Elizabeth Poole and Lindsey Braune formed the Cotswold Auction Company in 1998 incorporating Hobbs & Chambers Fine Arts and, since March 2001, Short Graham & Co.