The Coronavirus pandemic has driven a positive change in the auction industry which will remain, even after a return to room sales, according to auctioneers at Auction House London. It’s recent sale (Tues 15 September 2020) swept to its finish with an 83% success rate, having listed 107 lots for sale and raising over £22m (£22,085,350) – the largest amount for two years.
Director and Auctioneer at Auction House London, Andrew Binstock said: “Covid 19 has changed the face of property auctions forever. Before the pandemic, bidders could only bid by phone or proxy if they couldn’t attend the
Network Auctions’ latest online collective sale on 10th September achieved a 90% sales success rate and raised £1.78 million.
Toby Limbrick, Director, says, ‘The continued success of our online property auctions shows the strength of the market and the demand from buyers for attractive opportunities.’
The multi-lot auction which included a public house in Berkshire, a lock-up garage in Wembley and a detached villa in Plymouth among the 32-lot catalogue, attracted numerous bids from across the country.
‘We’ve always been a nationwide firm and online auctions allow us to cater for everybody
A surge in interest in auction sales is being reported by SDL Auctions, as property owners swap the unpredictability of the open market for the certainty of selling under the hammer.
Ahead of its next national property auction on Wednesday 30th September, the UK’s most successful live-streamed auctioneer has just launched its biggest catalogue yet. It features 238 lots, which is an impressive 53% more than the auctioneer offered in September 2019.
Managing director and auctioneer Andrew Parker puts the increase down to a number of factors.
Garden Wonderland & 5 bedroom House to be Sold for First Time in 50 Years
For the first time in 50 years, 1 Sheffield Drive, Aylesbury, will be available on the market – and it makes its half-century debut via an online auction!
Network Auctions have been tasked with selling the 5-bedroom detached property with quadruple size garage, guided at £475,000+, which comes with the availability of an 8-week completion deadline.
Richard Worrall, auctioneer, says ‘This is a magnificent and rare opportunity to acquire a property which has not been available to the buying public for 50 years. The sellers
Bond Wolfe Auctions’ latest live streamed auction saw another remarkable result with a 95% success rate, selling 196 of the 207 lots offered for a total of £18,779,150.
It is Bond Wolfe Auctions’ second most successful sale ever in its three year history, only beaten by the February 2020 total of over £20 million.
Chief executive Gurpreet Bassi said: “We had 25,000 viewing the auction live during an 11 hour sale which attracted over 2,000 registered bidders – it was hectic!”
He said he was particularly pleased with the results achieved across the UK, particularly in London and the South
Demand for commercial property at auctions continues to grow, according to Bond Wolfe Auctions managing director Ian Tudor.
Mr Tudor, who heads up the firm’s commercial team, said the latest Bond Wolfe Auctions’ live streamed sale held on Wednesday 16 September demonstrated the market’s appetite for commercial lots.
The September sale saw a record amount of commercial and land lots listed since Bond Wolfe Auctions was launched in January 2019 with 50 lots out of the 207 that went under the hammer.
Mr Tudor said: “Cash is king in times of economic uncertainty and sale by auction gives the
The former Cockington School, Old Mill Road, Torquay is set to find a new lease of life on 1st October when it will be sold in an online auction by Network Auctions.
The freehold site, guided at £490,000+, has lain vacant for many years after a replacement school was built nearby. Planning permission was granted by Torbay Council in February 2020 for the conversion of the main building into 7 maisonettes (comprising 5 x 2 bedroom, 1 x 3 bedroom and 1 x 1 bedroom) and a new terrace of 4 x 3 bedroom houses.
The attractive Victorian school buildings on a site of 0.59 acres, are located in the
Auction House sales were boosted in August as supply improved and demand remained high during the traditionally slack holiday month. There were sales of 90 lots from 124 offered at a steady success rate of 73% (72.6%) with £12.4m (£12,421,000) raised.
This year’s result was more than two-thirds up on 2019 – proof of the higher activity level and strengthening performance of the sector.
Commenting on the month, Founding Director Roger Lake said: “What we are experiencing now is a perfect window of opportunity for sellers. Indeed, there are three key reasons why those with surplus properties
A detached “Arts & Crafts” style house will be among the stand-out lots coming up for sale at Bond Wolfe Auctions’ remote bidding auction later this month.
Aside from its style, the five-bedroom property offers size and comes with existing outline planning permission for an additional dwelling on its 0.4 acre plot.
The BWA auction on Wednesday 16 September will be the largest-ever livestreamed auction to be held in the UK and starts at the earlier time of 9am to accommodate the 214 lots, with potential buyers bidding by proxy, telephone or internet only.
A former library building in the Black Country that was closed three years ago is up for sale at Bond Wolfe Auctions’ remote bidding auction this month.
The auction on Wednesday 16 September will be the largest-ever livestreamed auction to be held in the UK and starts at the earlier time of 9am to accommodate the 214 lots, with potential buyers bidding by proxy, telephone or internet only.
The former library building in Coppice Road, Walsall Wood, is listed as a commercial property and is expected to attract high levels of interest from potential bidders because of its redevelopment
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