At the cafés lining Rue Drouot in Paris's 9th arrondissement, the rumour mill had been churning since the spring: Tajan, which turns 30 this year, was up for sale. Earlier this month, the auction house finally found a buyer. Édouard Challemel du Rozier, founder of Bail Art, has taken over from Rodica Seward, the socialite who had run Tajan since 2003. We understand the deal was sealed for somewhere between €10m and €15m.

Tajan's new CEO comes from the world of art leasing – rent-to-own schemes that