Live stream sales for Auction House London are going from strength to strength as it achieved its highest value auction (Thursday 30 July 2020) since lockdown began, raising more than £17m.
Director and Auctioneer at Auction House London, Andrew Binstock said, “It was an extraordinary auction. Five and a half hours of endless bidding meant I did my longest ever stint on the rostrum without stopping, with many properties flying miles above their reserve prices.”
Highlights of the auction included a shell of a five bedroom terraced house in Brixton (pictured above), south London, guided at
Following its seventh lockdown auction, SDL Auctions has retained its position as the UK’s most successful live-streamed auctioneer and helped its buyers save more than £74,000 in stamp duty tax.
In July alone the company has raised £20.7 million in sales and sold 170 properties for its vendors up and down the country through its daily single-lot online auctions and its monthly national property auction.
Andrew Parker, auctioneer and managing director at SDL Auctions, commented: “This live-streamed national property auction was a fitting finale to another highly successful month for our
Despite just one month between sales, Bond Wolfe Auctions achieved another remarkable result in the remote bidding auction held on Wednesday 29 July.
A 95% success rate saw 161 out of 170 lots sold, raising over £16.3 million.
Bond Wolfe Auctions chief executive Gurpreet Bassi said: “Despite there being such a short period between our June and July auctions, we still had a very busy three week marketing period resulting in over 2,500 people registering to bid by internet, telephone and proxy.”
Over 33,044 watched the auction live which started at an earlier time of 9am and continued for
Strettons has continued its strong auction performance during lockdown at its July sale. The firm raised £11.3 million for its clients with a 90% success rate at its remote auction which took place on Tuesday 14 July.
To date, the firm has raised £25 million during lockdown with an average success rate of 90%.
The highest price of the day was achieved for 39 Darenth Road in Stamford Hill, N16. The vacant freehold vacant house, which was on the market for the first time since the Second World War, sold for £1.36 million against a guide of £1.1 - £1.2 million.
No doubt buoyed by the
Sutton Kersh Auctions once again held a successful live streamed online auction, which resulted in them selling over £9 Million pounds worth of property, the largest figure for a property auction so far this year in the North West.
It was watched by hundreds of people across the country, with over 640 people register to bid and as a result 88 properties have been sold through this one auction alone.
Prior to the auction day the team sold an impressive 25% of properties which had a sales value of £3.5 Million. So far this year through 4 auctions, Liverpool based Sutton Kersh Auctions have
Heralding the latest success of Network Auctions’ July 15th online sale, which achieved an 82% success rate and raised £2,295,200, Toby Limbrick, director at Network Auctions said, ‘Online is proving its viability.’
‘Before Covid-19, online was starting to take hold, but now with buyers unable to travel to the auction room, we’re seeing a continued upsurge and also a preference for this method of auction.’
‘Buyers enjoy the convenience of being able to bid online. In our recent sale we saw 394 individual bids – an average of 18 bids per lot sold. This also works well when the properties are
Hello to our visitors. We hope that you are keeping safe and well.
Following the Government’s latest advice, we wanted to let you know that some scheduled auctions throughout the UK are still taking place, however others have been postponed until further notice.
Those that are proceeding have been moved to an online bidding platform (some with virtual streaming), so that you can still bid, but just not in the auction room. Bidders will be able to carry out telephone, proxy or internet bids to secure their purchases, however the auctions will be held behind closed doors with no bidders
Just to let you know that the majority of those auctioneers who have moved to a temporary online platform, will be having their summer break during August. There will only be a handful of auctions taking place next month, with September auction catalogues starting to be released from mid/late August onwards.
Our database will mainly comprise unsold lots from the July auctions, so if you are interested in any of these, contact the auctioneers to find out whether they are still available to buy, and at what price.
At the moment, it appears that online auctions will be the way forward for the
Bargain hunters in the East Midlands will be competing to buy neighbouring homes priced as low as £24,000 each in Bond Wolfe Auction’s remote bidding auction next week.
The auction on Wednesday 29 July will be the largest to be held in the Midlands and starts at the earlier time of 9am to accommodate the 177 lots, with potential buyers bidding by proxy, telephone or internet only.
The two lots (pictured above) that will catch the eyes of landlords seeking to extend their portfolios are the two-bedroomed, end terraced houses adjacent to each other at 195 and 197 Mansfield Road in Skegby