Allsop and Acuitus raise more than £53m in online May sales
A number of high-value lots selling for above the guide price has boosted auctioneers’ confidence in a market recovery.
Auction House London achieves £9.4m total at latest online sale
Auction House London raised £9.4m at its sale last week, selling 46 of the 55 lots offered, reflecting a 84% success rate.
West Sussex retail unit leads 55-lot catalogue at Allsop’s May auction
Allsop has released a 55-lot catalogue for its 19 May commercial auction, which will be its fourth to be held online.
New catalogues from Savills and Auction House London
Both auction houses continue to hold remote-bidding-only sales in line with Covid-19 lockdown measures.
Covid-19 crisis may prove to be a catalyst for enduring change
Enforced digitisation of property auctions may lead to greater adoption of technology across the sales cycle
UK auctioneers go remote as the Covid-19 lockdown continues
Allsop, Barnard Marcus, Strettons and Savills were forced to switch from their planned ballroom sales due to the ongoing coronavirus crisis.
Savills raises £18.4m at first ever remote-bidding-only sale
Auctioneer scores 67% success rate despite being forced to switch from ballroom to online sale at last minute
Auction House London scores 77% success rate at online March sale
Auction House London raised £10.3m at its March sale, selling 77% of the 65 lots offered, after being forced to hold the auction remotely due to the coronavirus crisis.
Robust security is essential to online auction success
The idea of moving property auctions online is not revolutionary. At Lambert Smith Hampton (LSH), we have been carrying out online auctions for more than three years and moved exclusively online with the creation of 574 in January 2019.
Latest finance comment
Budget measures must help everyone
Editor: Extra business rates relief measures announced by the chancellor this week, added to those in the Budget, should go far in helping the retail and leisure sector through the worst of the current coronavirus crisis.
