Auction House makes 150 sales during lockdown

General

Auction House sold more than 150 lots in the first two weeks of the lockdown restrictions coming into force.

The company usually runs room auction lots but switched online.

Roger Lake, founding director of Auction House, said: “We’ve been thrilled with how successfully our tried and trusted system of selling online has clicked into place.

“Auctions have either been held ‘eBay-style’ on the web, or via a live-stream with bids coming in on the telephone, online or by proxy.

“Andrew Binstock at Auction House London put in a marathon performance of five-and-a-half hours, which included the sale of a high-value property in Tottenham divided into six 2-bed apartments, which sold bang on its guide price of £1.4m.”

An Auction House auctioneer in Cumbria and the North East, Colin West, is holding another live-stream sale on Thursday this week (16 April) and on Tuesday next week (21 April).

A total of 10 bidders pushed a three bedroom terraced house in London guided at £375,000 up to £553,000, while 86 competing bids meant that a vacant social club in Manchester rose from its guide price of £90,000 to a sold price of £211,000.

This post has originally been featured in Property Wire.