Welty is ’s business partner and ’s uncle (and guardian, following ’s death). He dies in the terrorist attack at . While he is dying, Theo finds him, and Welty gives Theo his ring and tells him to take . Although never really got a chance to know Welty, after his death he learned that Welty was extremely caring, kind, and charismatic, and that he was a highly skilled antiques salesman. Theo comes to believe that Welty’s “energy” remains with him ever since his death, and that this is why Theo himself develops a love of—and skill at—selling antiques.