Auctions
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Colliers result shows market is still tough
Investors cherry picked stock at Colliers CRE’s opening sale of 2010, where less than half the catalogue sold
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Joint online sale shifts one-third of lots
The first online auction from Zoopla and American repossessions giant Real Estate Disposition Corporation, raised £6m as 57 of its lots sold
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Receipts dive to £22m total
Total receipts from auctions fell by 65% in January from a year earlier, according to Essential Information Group
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Harman Healy in 79% sale
Harman Healy raised £7m on 26 January at its Kensington Town Hall auction
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Lack of lending hits Strettons sale
Strettons Edwin Evans’ first auction of 2010 proved to be a “tricky sale”, according to auction director Philip Waterfield
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Vendors get real at Mustbesold.com
Vendor realism was in evidence at Mustbesold.com’s sale on 2 February, with many properties selling at their reserve price
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Cannon Capital auction debut postponed
Cannon Capital has postponed its first auction citing a “wish to fit in with vendors’ needs”
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October spend spurs recovery talk
Spending at UK auctions in October increased by 20% year-on-year to reach £420m, according to figures from the Essential Information Group
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Totals fall as distressed stock withheld
A decline in distressed stock being brought to market hit the number of lots on offer at the Mustbesold.com and Harman Healy auctions last week
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Bracing auction sales to the North
Eddisons’ sales at Elland Road football club in Leeds on 29 October and Manchester’s Fairways Lodge and Leisure Club on 3 November raised £5.3m – up £1.3m from September’s totals
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S&S auction packs them in
Some 450 people crammed into auction house Symonds & Sampson’s 30 October auction at Digby Hall in Sherborne, Dorset, raising £4.4m
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Low reserves pay off with 93% success at Barnett Ross
A wide-range of investment stock, coupled with low reserves, stimulated competitive bidding at Barnett Ross’s penultimate sale of 2009