London-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.
Michelson Jewelers VP to Retire
Bill Lentz worked for the Kentucky jewelry store for 29 years.

Paducah, Ky.—Michelson Jewelers is losing one of its own to retirement.
The Paducah, Kentucky jewelry store announced last month that Vice President and Controller Bill Lentz is set to end his 29-year career at the store.
“Bill’s leaving marks the end of an era here at Michelson’s,” owner Louis Michelson said. “In all my years, never could I have asked for a more loyal and dedicated vice president and controller than Bill. His intellect as a CPA and sincere desire to help Michelson’s succeed was paramount in allowing myself and the rest of the staff focus on the other disciplines of our business.
“We are indebted to his quality service and commitment for propelling us to our present position in the fine jewelry industry. His work has assured our success as we move forward. We wish him many healthy and fun years in retirement.”
Lentz joined the store in 1990.
Michelson Jewelers is a third and fourth generation-owned family business that was founded in 1905.
At one point, the company operated 11 stores in four states, but today has one 4,000-square-foot location at the Oaks Crossing shopping center in Paducah.
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