Murray & Co's iconic Madras auction hammer approaches century mark

The auction hammer at Murray & Co has struck deals without significant interruption since February 10, 1927, establishing itself as one of South India's most enduring commercial institutions. According to Hemant Srivatsa, partner at the firm, the gavel has only ceased operations twice—once during a relocation to new premises and again during the COVID-19 pandemic.

The auction house has undergone considerable transformation since its founding, beginning with real estate transactions before expanding into retail auctions of household goods and furniture. This diversification reflected changing market demands and economic conditions across the city and region.

While Murray & Co has relocated its operational base on multiple occasions over the decades, the auction house has maintained a consistent presence in Chennai's commercial consciousness. The firm's longevity in an inherently volatile business sector underscores its adaptation to evolving market conditions and sustained client confidence.

As the enterprise approaches its centennial milestone, the auction hammer remains symbolic of Chennai's commercial heritage and the changing nature of trade and commerce in the city. The institution continues to facilitate transactions across industrial, retail, and household goods sectors.