Investors that wait to pick off unsold lots after auctions could often get a better deal in the ballroom
UK residential auctions head Richard Watson leaves the business along with two senior colleagues
Barnard Marcus raised £13.6m at its 11 November auction, selling 111 lots from a 199-lot catalogue.
A number of sizeable residential lots beat guide prices to sell at above £1m but biggest lot failed to sell
Allsop blames market caution as success rates and amounts raised fall at both auction houses’ October sales
BidX1’s 30 October sale failed to raise much more than a third of the amount it made at its equivalent auction last year.