Thousands of people flock to Auction House London at its recent sale as the former home of Lady Chatterley’s Lover writer goes under the hammer.

                                                                                                                                                           

More than £31m (£31,067,000) was raised during Auction House London’s recent auction (Wed 19 April 2023) where one of the magnet Lots was a three bedroom Victorian terraced house, once lived in by the celebrated author, D H Lawrence who wrote the romantic novel Lady Chatterley’s Lover. The property (pictured) in Eastwood, Nottingham was guided at £65,000 before selling for £91,000.

Lawrence lived there from 1903 to 1908, but the house being sold, as one of 191 lots offered during the livestream sale, was in a poor state and needed total renovation.

 

On the day, this particular sale created great excitement in the auction room, as Auctioneer and Director of Auction House London, Andrew Binstock explained, “This property certainly captured the imagination of people with plenty of coverage in the press, on social media and the sale of this Lot was even part of a live radio broadcast. The additional interest raised over this house, certainly added to more people watching the sale but this wouldn’t necessarily translate to a higher final price.

 

Andrew Binstock added, “Most bidders involved were buying the house for what it was……an unmodernised property as an investment, regardless of its historic connections. And such homes are always fought over hard in an auction room.”

 

‘Potential’ always proves a key word with Auction House London sales and plenty of properties at the recent auction fulfilled that brief, including a lower ground floor flat in Sekforde Street, Clerkenwell. The one-bedroom flat in shell condition and needing refurbishment was guided at £220,000 and sold for £242,000. It had 118 years left on the lease and was once part of the home of the 19th century philanthropist John Groom who founded a mission to help destitute women with disabilities.

 

Another star Lot was a five-bedroom house in Canterbury Road, Croydon which attracted fierce competition. It had planning in place already to create two flats. It was guided at £225,000 before selling at £455,000 – more than double its guide and reserve price.

 

Andrew Binstock continued, "April’s sale was slightly quieter than auctions earlier in the year but the passion is still there to buy and sell at auction and with more than 2,000 people taking part in our last livestream sale lasting 12 hours – it’s clearly a popular way of buying and selling property, especially freehold homes with potential.”

 

The next livestream sale for Auction House London takes place at 9am on Wednesday 24 May.