The grade II-listed triplex apartment opposite Regent’s Park is one of the largest lots to be offered this year.
Barnard Marcus raised £5m less at its sale this week than at the equivalent event in October 2017.
Firm hopes after-sale deals will boost 58% success rate to 70%, but says it is ‘not disappointed’ by the result.
Sales at McHugh & Co’s latest auction on 4 October fell £3.1m short of the equivalent auction in 2017.
Auctioneer cites a ‘more normal’ climate in which buyer caution is compounded by wider economic uncertainty.
Concierge Auctions will offer an 18th-century luxury villa on Lake Como, Italy, at its next online auction on 30 October.
Andrews & Robertson recorded one of its lowest success rates ever at its latest auction on 20 September.
Auction house is offering a five-lot catalogue for its next online sale, which opens for bids on 17 October.
Against the backdrop of a tough market for auctioneers, Clive Emson tells Property Week why staff training, succession planning and high professional standards have benefited his auction house and the industry as a whole.
Participating in a public ballroom auction is a unique experience. It is the only place where you can exchange a contract to buy a property without signing a document – because if a bid is accepted by the auctioneer, a verbal contract is instantly formed.