An antique auction and estate sales business at 11th and Broad streets will close this fall to be replaced by an antique mall.
Henry Brothers Antique Auctions at 1051 Broad St. is closing by Nov. 1 so that Tradewinds Antique Mall can take over the 30,000-square-foot space.
Brothers Nick and Paul Henry, who own the corner brick building and the auction business, are leasing the space to the antique mall with an option to buy after two years.
The store carries furniture in addition to antiques, jewelry, sterling pieces and other collectibles bought from estate sales and auctions.
All merchandise is currently discounted by 40 to 60 percent, and about 12,000 square feet of inventory remains available, Nick Henry said.
The business has a physical presence downtown but also ships across the
world through an online site. It also includes an auction house.
Nick Henry said he and his brother are looking for buildings in Augusta of about 15,000 square feet to relocate their business.
The new store will likely only carry items from high-end manufacturers, Henry said.
“Even while we’re looking for a place, we’re still
going to do auctions,” Henry said.
The new business moving into the downtown building in November will have local owners and resemble fine antique malls based in Atlanta, said Henry, with dealers selling a mix of antique and new merchandise.
Henry Brothers Antique Auctions has been in its downtown location for eight years. Before that, the business was at the old Ethan Allen store at 3120 Washington Road for 17 years.