A West Loop-based auction house and one based in New Jersey have merged their businesses to strengthen their reach and expand their pool of specialists.
Wright and Rago, located in Lambertville, New Jersey, will continue to operate under their respective names, but will now share technology, expertise and marketing efforts, according to a statement.
“Rago’s vast expertise in the art, jewelry, ceramics and fields and Wright’s focus on innovative design and presentation will be combined to better serve their clients and maintain a strong voice in the world of art and design, ”the statement read.
Wright specializes in 20th century art and design. Its headquarters in the West Loop houses the consignment offices, production team, creative staff and 7,000 square feet of auction house exhibition space. The company also has several specialists and organizes exhibitions in New York.
Together, Wright and Rago have 75 employees and more than $ 65 million in consolidated annual sales. Wright founder Richard Wright will be the CEO of the merged company.
“I welcome the opportunity to work with a larger team,” Wright said in the statement. “Our combined outlook, geographic reach and experience will add to the great work we are both doing now. “