BidX1 sales top £50m in 2019
BidX1’s final sale of 2019 nudged the £5m mark taking its total sales receipts for the year to £52.7m.
The yearly total is a significant increase on its 2018 figures when the online auctioneer raised £28.3m.
Its December auction attracted visitors from 52 countries including Finland, Australia, Canada, Hungary, Denmark and Switzerland, resulting in 889 bids being placed on 27 lots throughout the sales period. Of the bids placed, 23% were generated through BidX1’s auto-bidding feature.
BidX1’s final sale of 2019 nudged the £5m mark taking its total sales receipts for the year to £52.7m.
The yearly total is a significant increase on its 2018 figures when the online auctioneer raised £28.3m.
Its December auction attracted visitors from 52 countries including Finland, Australia, Canada, Hungary, Denmark and Switzerland, resulting in 889 bids being placed on 27 lots throughout the sales period. Of the bids placed, 23% were generated through BidX1’s auto-bidding feature.
One of the most popular lots from the December sale was a freehold three-storey house on Friern Road in East Dulwich, SE22 (pictured). Listed at £600,000, the property received 92 bids and sold for £973,000 – some 62% over guide price.
BidX1 also sold all nine lots offered on behalf of outdoor advertising company, JC Decaux. The sites, located across Yorkshire and Scotland, received 413 bids in total, achieving a combined sales figure 47% above guide price.
Oliver Childs, head of commercial auctions at BidX1, said: “BidX1 has had a strong finish to the year with good results from digital sales throughout the UK in 2019. Comparing year-on-year results, it is clear the engagement with our digital platform has significantly increased. This reflects the continued demand for transparency, analytics and global reach that our platform provides.
“This year has also seen the successful growth of our global digital marketplace, as BidX1 moved into Cyprus and Spain. The geographical expansion built on our success in Ireland, South Africa and the UK, and in October we held sales events across all five operating territories. This attracted 3m visits from over 180 countries with over 5,000 bids being placed, resulting in almost £34m being raised in three weeks.”
