Auctions as method of sale continue to grow with EI Group
reporting that over £400 million was raised across 128 UK auctions in March – a
huge increase of 50% on March 2013.
Lots offered rose 18%, to 2,880 lots, yet even more astonishing is that lots
sold gained 25% to 2,235 lots.
Historic figures from EI Group reveal that the 2,235 lots sold is the greatest
number ever recorded in March, surpassing the previous high of 2,220 lots sold
in March 2007 when the market was at its peak.
At Network Auctions, our March auction saw 76% of lots
successfully go under the hammer and a total of £3.3m in sales value raised.
Network Auctions May catalogue has 34 lots including a
superb commercial opportunity in Scunthorpe of an 11,240 square feet office
building, complete with 46 car parking spaces which is being offered at a
disclosed reserve of just £1!
Network Auctions work with over 50 estate agency offices
across the UK and combine that local knowledge with national exposure, a London
auction room and a track record of success.
Agents looking to offer auctions can become partner agents
of Network Auctions for just £1 a day.
Network Auctions next auction is on May 1st at
the Cumberland Hotel in Marble Arch and commences at 2pm. Ex-Chairman of NAVA
and Director of Network Auctions, Guy Charrison will be the auctioneer on the