A private auction run by Auction House London this week (Monday 13 July 2015) raised more than £3m ahead of the brand’s main auction next week.

The four mixed commercial, retail and residential properties on Queensbridge Road, Hackney are part of an established parade of shops in the East London borough. The sale was held at a pub opposite Auction House London’s premises in NW8. Hammer prices raised ranged from £224,000 to £1,582,500, totalling £3,091,500.

Managing Director and Auctioneer, Andrew Binstock said, “It just goes to prove that the auction model works equally well in a more intimate atmosphere at a smaller venue as it does in a huge glamorous ballroom at a top hotel where our auction next week will be held on Wednesday 22 July 2015.”

Auction House London is part of the UK’s largest auctioneer, which has announced record first half results for 2015, as the number of lot entries for the group hits an all time high.

Between January and June the award-wining auctioneer sold 1,415 lots through its national network of 40 auction rooms – a figure which is 14% up on the same period last year – representing a success rate of 76% and raising £179m in the process. Meanwhile, a record 726 auction lots are catalogued to be offered in July - a 10% increase on the group’s previous highest monthly total.