Q&A: Savills’ head of auctions on how it has defied pandemic
Savills’ Christopher Coleman-Smith attributes success to ability to recreate ballroom-style sale in virtual world.
Barnard Marcus rakes in £24.7m at November auction
Barnard Marcus has sold 162 of its 252-lot catalogue at its two day auction, reflecting a 64% success rate and raising a total of £24.7m.
Bond Wolfe says commercial demand ‘never better’ after October sale
Bond Wolfe raised £21.2m at its 28 October auction, with managing director Ian Tudor saying there has “never been a better time to sell commercial assets and land via auction”.
Strettons raised more than £11.7m at its October online auction
Strettons raised £11.7m at its 29 October auction after selling 40-lots from a 41-lot catalogue, achieving an 98% success rate.
Allsop Commercial November sale raises £41.8m but withdrawn lots shrink catalogue
Allsop Commercial raised £41.8m at its 3 November sale, selling 69 lots from an 87-lot catalogue to score an 80% success rate.
Savills raises £43m from 87 lots at pre-lockdown auction
Star lots included a Birmingham care home, an east London petrol station and an Essex apartment building
BidX1 sells Scottish retail park marking highest value commercial property sold via auction this year
Online auction platform BidX1 has sold Westway retail park, in Scotland, for in excess of the £6.5m guide price.
Savills unveils raft of London lots for its November auction
The star of the 153-lot catalogue is a four-bedroom maisonette in Kensington with a guide price of £5m
Auction House London raises £20.5m in October sale
Auction House London raised £20.5m from the sale of 74 lots from a 93-lot catalogue, achieving an 80% success rate.
Clive Emson reports strong online market ahead of November sale
Ahead of Clive Emson’s November auction, managing director James Emson said that while ballroom auctions are ideal, online auctions are still strong and “as long as the price is right, lots will attract bidders”.
Auctions are now at the cutting edge
Covid-19 restrictions on ballroom sales have fuelled a tech boom in the sector.
Latest finance comment
Business rates system is rotten apple
Editor: When rateable values were last updated in 2017, the apple was the UK’s favourite fruit. It now barely features in the top 10 – a sign that a lot has changed in three years.
