Live streamed auction makes more than £18m

Bond Wolfe Auctions has hailed the success of its latest live streamed auction which had a 95% success rate, selling 196 of the 207 lots offered for more than £18m.

It is Bond Wolfe Auctions’ second most successful sale ever in its three year history, only beaten by the February 2020 total of over £20m.

Chief executive Gurpreet Bassi said: “We had 25,000 viewing the auction live during an 11 hour sale which attracted over 2,000 registered bidders – it was hectic!”

He said he was particularly pleased with the results achieved across the UK, particularly in London and the South East and Manchester and the North East.

Results included a former library in Coppice Road, Walsall, which sold for £319,000 (guide price £175,000 plus), and a former neighbourhood police base at 51 Prouds Lane, Bilston, which raised £181,000 (guide price £150,000+).

Bassi added: “Our national reach from our traditional Midlands heartland continues to grow and we were very pleased with the results for our clients from all parts of the UK.

“These results further cement our position as the number one auctioneer in the Midlands. In the run up to auction day, we had 781,403 website page views, 84,655 viewings of our 360 degree virtual tours, and 57,644 legal documents downloaded – figures that speak for themselves.”

With online auctions now regularly topping 200 lots, Bond Wolfe Auctions has announced plans to launch stand-alone commercial auctions in Spring 2021.