Auctions
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Colliers to close auction department
Colliers International is closing its auction department as part of its rebranding exercise, EGi News can reveal
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Competitive bidding at Barnard Marcus event
Receipts closed at £13m for Barnard Marcus at its 26 May auction. Some 91 of 148 residential lots sold – a 62% success rate
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Bigwood sale raises £8.5m
Bigwood raised £8.5m from a mixture of commercial and residential stock at its 26 May sale in Birmingham
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Golden locations remain firm favourites with buyers
Allsop defied economic jitters to raise £58m last week, its highest residential revenue since February 2009
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Distressed lots appeal at Mustbesold.com auction
Strong demand for well-priced distressed stock in UK-wide locations resulted in an 88% success rate and a revenue of £3.6m for Mustbesold.com
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BBC lot aims for good reception
This purpose-built radio station in Shoreham Street, Sheffield, which is let to the BBC until 2029, may appeal to buyers looking for a long-term investment
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Bidders chase residential stock at mixed A&R sale
Competitive bidding and a packed auction room failed to lift the success rate above 65% at Andrews & Robertson’s sale last month
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Northern lots fail to light up Harman Healy
Almost a quarter of properties on offer at Harman Healy’s 4 May auction received no bids
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Banksy artwork pushes up bids on derelict pub
A derelict pub featuring the UK’s largest piece of authenticated graffiti by artist Banksy has sold for almost £35,000 above its quoting price
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Allsop achieves 90% success rate
Allsop’s first residential auction of 2010 closed with a 90% success rate and a total of £42m after private buyers chased value-for-money lots
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A&R clocks up best result in three years
Andrews & Robertson produced its best result in three years at its first sale of 2010, raising £21m
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Savills achieves its highest resi total in three years
The total at Savills’ first residential auction of 2010 reached £41m – a result not seen since 2007