Leading UK auction house Network Auctions ended 2013 with another successful sale on December 12th held at the Cumberland Hotel in Central London.
Auctioneer Guy Charrison brought the hammer down on over £3 million of sales across twelve counties, a success rate of 74%.
Many of the lots in this sale were for private sellers and mortgagees in possession who had failed to sell previously by using traditional private treaty methods.
Other sellers included PLC companies and receivers.
The auction means Network Auctions saw sales turnover increase in 2013 over 2012 by 14% to £18.25 million with an overall sales success rate of 80%.
Toby Limbrick, Managing Director of Network Auctions reflected on another successful year by saying: “Our unique partnership model has enabled many agents across the UK to provide an auction service to their clients and to develop auctions as a valuable and important service and income stream.
The property market has improved in 2013 but our volumes have grown as selling by auctions provides transparency, certainty and speed of sale which are key factors for many sellers. Buyers are now able to bid in person at our London sale room, by telephone, by proxy or by bidding over the internet. This, coupled with our network of partner agents, is creating choice and much wider opportunities for sales success than can be achieved by other approaches.”
Network Auctions have six auctions planned for 2014, the first of which is scheduled for March 5th. Lots are now being taken for inclusion.