Bond Wolfe records record auction results
Bond Wolfe has set a new record for auction sales in 2023 with the results of its latest livestreamed event.
More than £26m was raised as auctioneers sold 135 lots from the 163 lots offered for a success rate of 83% – well above the industry average.
The 2023 auctions began in February with £16.6m raised, followed by £23m in March, £22.4m in May and £23.1m in July.
Gurpreet Bassi, chief executive of Bond Wolfe, said: “A global audience now watches our auctions, and it is heartening to see the growing interest in the auction route for those who want to sell or buy with the certainty of a sale that auctions deliver.
“Investors recognise the auction ‘room’ as a significant source of opportunities.
“Those seeking a home to make their own, whether first time buyers or those simply seeking more space, know they can set a budget and bid for a property in the certain knowledge that when the hammer falls on their successful bid they will be in possession of the keys in weeks rather than months.”
The run up to the September auction saw another upsurge in interest.
There were 667,790 website page views, 126,876 video tours watched and 76,889 downloads of the legal documents.
Highlights of the day-long sale included the sale of the Acorn Centre, a collection of workshops sold on behalf of Walsall Council for £134,000 from a guide price of £50,000+.
A freehold public house investment with 17 apartments above in Edmund Street, Birmingham – The Florence, which was listed with a guide price of £995,000+, was sold prior to the auction for £1.1m.