Final auctions take Eddisons through £50m barrier for 2014

EDDISONS has announced total proceeds of £58m from its 2014 auction programme, boosted by £8.5m from its three-day December sale.

 

Throughout the year the firm has sold 622 lots at its 19 auctions in Leeds, Manchester and London, with three-quarters of lots offered being sold.

Its most recent auction included a commercial investment in Wyke Village, near Bradford, which sold for £124,000 – about £60,000 more than the guide price.

Robert Limbert, an auctioneer at Eddisons said: “Given the uncertain economic backdrop over the last 12 months these figures are very impressive. Investors have consistently turned out in large numbers and bid for stock in all categories. It is clear that auctions remain an effective route to market, particularly where the true market value is largely unknown.”