Blogs

With a set of results no one could have predicted at the start of the year, Bond Wolfe Auctions has finished 2020 with a flourish.

Despite concerns over Brexit and the coronavirus pandemic, the Birmingham-based auction business finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 - £81.4 million) with an average success rate of 94%.

Chief executive Gurpreet Bassi said: “We started 2020 with real optimism following the success of our first year in which we raised over £81.4 million. 

“In February, we held the largest-ever Midlands auction, raising over

As part of its continued drive to keep its auctions transparent and accessible to all, SDL Property Auctions has introduced a summary sheet of fees for all of its lots, and is urging other auction houses to follow suit.

The information, which is in each property’s legal pack, details exactly what fees are payable by the buyer, so they have a clear understanding of any extra costs before bidding, helping to avoid any surprises upon completion.

The auctions industry has seen rapid growth as a result of the pandemic, as both buyers and sellers seek speed, certainty and socially distant

We wish you all a Merry Christmas and hope that you all keep safe and well.

The team at UK Auction List are taking a break now, as it's been a pretty exhausting year, with adapting to the "new norm" and the launch of our new website (which we hope that you like!). 

Auctions have finished for 2020, and auctioneers will start releasing their new catalogues of 2021 from early-mid January onwards. We will start uploading properties into our database as soon as these catalogues are sent to us!

Hopefully as the new year progresses, we will see auctions slowly return to the room, so that every

Bond Wolfe Auctions is celebrating completing its second year in business by donating £6,000 to the Bond Wolfe Charitable Trust to distribute to well deserving West Midlands charities.

Despite concerns over Brexit and the coronavirus pandemic, the Birmingham-based auction business finished its second year 36% up, offering 1,135 lots, raising £111.3 million in sales (2019 - £81.4 million) with an average success rate of 94%.

Chief executive Gurpreet Bassi said: “Despite the business challenges posed by the pandemic, the team at Bond Wolfe Auctions has achieved remarkable successes by pulling

Bond Wolfe Auctions had their final sale of 2020, raising over £17.5 million and seeing 158 lots sold from the 175 offered for a success rate of 91%.

The run up to the livestream online auction on Wednesday 9 December, saw the now customary strong interest with 573,045 website page views, 94,617 video tours watched and 21,777 tuning in to watch the auction live on the day.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “This shows that interest in our live streamed auctions and demand for well-priced property continues. With a minimum of seven auctions in 2021, plus the launch

On Thursday 10th December Sutton Kersh Auctions held their final auction of the year and sold over 88 properties, in total worth over £7 Million.

They sold 29 properties worth £2.2 Million prior to auction, including a £10,000 guide price property in Newsham Park which sold for considerably more.

This brings their annual total for 2020 to over 550 properties sold at a value of £53 Million, which equates to them selling  85% of the lots they have offered, with these numbers set to rise with post-auction sales.

Cathy Holt, Associate Director, comments ‘What an incredible way for us to finish

Recent months have seen huge growth at Auction House, with a marked increase in the value of sales made, and some of the group’s regional auctions entering their highest ever number of lots.

During November this year, Auction House offered 229 lots and sold 161 – at a steady success rate of 70.3%, with £18.8m raised. This compares with a sale value of £11.5m in November 2019 – a hike of 62% year on year.

Commenting on the figures, Auction House Founding Director Roger Lake said: “There’s no doubt that buoyancy has returned to the auction sector. A new urgency is now evident, as more private

Lockdown proved no barrier to SDL Property Auctions achieving some outstanding results for sellers in November.

Spurred on by the guarantee of speedy transactions, buyers flocked to bid in both Auction Events and Timed Auctions during the month. And with Timed Auctions running every day, and a bumper day-long live-streamed Auction Event, there were plenty of opportunities for sellers to get a quick, concrete result for their properties.

Competition was fierce in last week’s live-streamed Auction Event, with more than 100 bidders driving up the price of the first three lots so they exceeded

There’s still time to secure a property purchase before Christmas as SDL Property Auctions has just launched its December catalogue ahead of its final National Property Auction of the year.

And buyers in the Auction Event will also beat the stamp duty holiday deadline comfortably, as exchange will take place on the fall of the hammer and sales will complete in January. 

The Auction Event will once again be held in the company’s head office auction studio with a live auctioneer and will provide buyers with a choice of remote bidding methods.

Managing director and auctioneer Andrew

In further recognition of its status as a market leader, SDL Auctions has become one of just 15 industry suppliers for NAEA Propertymark.

 

The UK’s leading professional body for estate agents’ vets all of its suppliers, choosing only those which will directly benefit its members.

 

SDL Auctions sees the partnership with NAEA Propertymark as an opportunity to help estate agents learn how both live-streamed and single-lot timed auctions work, and how they can be used to open up a new income stream.

 

Commercial Director Louise Moss said: “Our partnership with NAEA Propertymark provides