Iain P. Paddy, a leading auctioneer and the grandson of a former president, died Monday, aged 73, in his home in Perth, Australia, the company said in a statement.
He was a native of Sydney and had been based in the area for 25 years, the statement said.
Paddys son, Michael, who was also a prominent auctioneer, was also on the board.
The company said Paddy had been diagnosed with Alzheimer’s disease and died peacefully at home.
He served as president of the Australian Auto Auctioneers Association from 2004 to 2008, according to the statement.
“He was known as one of Australia’s best-known auctioneers,” the statement added.
“He was passionate about representing his customers’ interests.
He will be greatly missed.”
He was an accomplished and respected Australian auctioneer who was regarded as one the countrys leading auctioneers.
He worked with some of the country’s most well-known names in the industry, including the likes of George Brumby, Ian Bell and James Packer.
Paddy also helped to found a number of other successful businesses in Australia, including two successful car auctions, and was an advisor to a number companies including Kmart, which is owned by the family of the late Australian billionaire John Hewson.