Sansome & George Network Auctions auction held in Central London on 1st May achieved a sales success rate of 74% and saw bidders from across the UK and Europe getting involved.
Prior to the auction, a record number (418) of legal packs had been downloaded from the Network Auctions website.
The May auction was the first time that Sansome & George Network Auctions had provided an online bidding facility and, whilst none of the online bidders were successful, it kept auctioneer Guy Charrison busy as he juggled online bids with bids in the room and telephone and proxy bidders.
There were some notable sales at the auction including:
Lot 1: A flat requiring modernisation in Milton Keynes which carried a reserve of £62,500 was sold in the room at £79,000.
Lot 25: A fire damaged house in Powys requiring a total re-build. This property had a reserve of £10,000 but with three telephone bidders as well as bids in the room, eventually sold at £26,000, a significant 160% uplift on the reserve figure.
Lot 26: A commercial property in Leicester which was reserved at £160,000. In total there were three bidders in the room and one telephone bidder from Germany. The gavel eventually came down at £252,000. An excellent price especially considering that the property had previously been available at £225,000 on the open market.
Guy Charrison said after the auction: “With lots for sale from all corners of England, Scotland and Wales it is important that we create the opportunity for potential buyers to bid by whatever method they choose. By adding online bidding we have improved the opportunities for our seller clients to sell and our buyer customers to buy. An undoubted success”
Network Auctions operate across the UK with a network of partner agents and therefore provide local expertise with national exposure.
Sansome & George Network Auctions next auction is scheduled for 3rd July and will, once again be held at the Glaziers Hall near London Bridge.
