Financial Times FT.com

Thurman ‘Jack’ Naylor photography collection auctions for around USD 2m

By Maria Woehr in New York

Published: October 31 2007 16:38 | Last updated: October 31 2007 16:38

Please email ft@wealthmonitor.com or call:EMEA: +44 (0)20 7059 6184 USA: +1 646 378-3155 for further information on wealthmonitor and how to receive more articles like the one below.
--------------------------------------------------------------------------------------------------------

Thurman “Jack” Naylor’s photography collection is estimated to have brought in around USD 2m in Guernsey’s auction, according to Arlan Ettinger, Guernsey’s founder. Naylor said the money from the auction will go towards his 14 grandchildren’s college education.

“I am pushing 90 now and this collection is really big. My children are not interested in it, so I decided to sell it and support my grandchildren’s education,” Naylor said.

“It was lots of fun growing up around the collection. That’s where I learned about geography and history,” Naylor’s daughter, Jeanne Mahoney said. “But it’s not his cameras that I adore. It’s really his kind heart. He really used this collection as a way to educate and meet people.”

Naylor, who invented the automotive thermostat and was the former CEO of the Thomson International Corporation, started his collection after serving as a fighter pilot in World War II. Naylor’s collection consisted of over 30,000 items including: antique cameras; 165 KGB, CIA, FBI, East German Stasi, and British OSS spy cameras; photographs by Edward Curtis, Margaret Bourke-White, and ”Doc” Edgerton; and Daguerreian cameras and more than one thousand daguerreotypes.

“I have been trying to sell it for the past two years so it will be a relief to auction off the collection,” Naylor said.

The most expensive item sold was the spy camera collection, which is still being bid on, according to Ettinger. Naylor meticulously sought out each item from KGB agents and travels to Russia and China.

Naylor’s entire collection was originally estimated to be worth USD 4m. “Naylor had collected many beautiful cameras that were not particularly valuable and also many of the items Naylor has were not at the auction. Those will be sold next year in an auction or a sale,” Ettinger said.

--------------------------------------------------------------------------------------------------------

This content is written, edited and published solely by wealthmonitor and is distributed by FT.com. All queries regarding the content should be directed to: cw@mergermarket.com

wealthmonitor is a unique proprietary intelligence service that identifies the new wealth being created as a result of potential and announced liquitidy events. wealthmonitor provides clients with articles such as the one above in real-time via personalize emails and BlackBerry alerts, as well as bespoke reports. For more information please email ft@wealthmonitor.com or call:EMEA: +44 (0)20 7059 6184 USA: +1 646 378-3155

More in this section

Mead Johnson suitors remain at bay until split off completed

Cap-and-trade bill to cause bigger disparity in energy sector

Ratings agencies draw fire from CLOs

Leveraged loans are the new bonds

Fed in fresh talks with big banks on TARP repayment plans

Reckitt Benckiser flexing financial muscle; transformational deal likely in OTC healthcare

Private equity should be able to access debt markets to fund Motorola home-and-networking deal

Indonesia moves on tax loophole

Jobs and classifieds

Jobs

Search
Type your search criteria below:

Risk Professionals

The Asset Protection Agency (APA)

Area Sales Manager (Africa)

Material Handling, Capital Equipment

Experienced Bankers & Credit Professionals

The Asset Protection Agency (APA)

Deputy Finance Director

Department for Work and Pensions

Recruiters

FT.com can deliver talented individuals across all industries around the world

Post a job now