Further reading
Covid-19 - Transforming the auction industry
Celebrating 20 Years Exhibiting at Excel London for The Property Investor Show
Hybrid Auctions – The new normal?
With a lot of auctioneers still deciding whether to return to room auctions it seems with whatever decision they make online auctions are here to stay offering great advantages to both buyer and auctioneer.
So why not offer both methods to your clients and keep everyone happy? Hybrid auctions allow you to attend a room, place a proxy or bid online, or bid via telephone. Whether clients wish to go to the room and meet the auctioneer/staff to discuss the property face to face, or whether clients are more comfortable with the flexible convenience and rather bid online, there’s certainly positive points for all methods.
At EIG we speak with many bidders, and have had a lot of positive feedback, we even had a gentleman at one auction bid on a property while on the beach in Thailand!
We haven’t been surprised by the slow return to live events. Covid has accelerated an existing trend of holding auctions online within all auction sectors, chattels, antiques, fine art, plant etc. The ease of ‘attending’ an online event is so much easier than travelling to a venue, and this had led to an increase in both bidder registrations, and lower costs, some ballrooms cost £25k to hire, as well as far more data and intelligence on the bidder’s habits and limits etc.
There is certainly the need for a ‘hybrid style’ auction if returning to the room, we look forward to seeing how auctions continue over the coming months as restrictions are completely relaxed.
To find out more regarding how to bid at an auction call us on 01737 226150.
Essential Information Group - News and Information
Keep up to date with our latest news, case studies and what's going on in the property auction industry on our blog.
Industry news
21/10/2026
Two million recorded bids. Every bid has a story.
A major milestone for Essential Information Group (EIG) as we celebrate our 2 millionth recorded auction bid. This landmark moment reflects the continued growth of property auctions and the importance of accurate, comprehensive auction data in helping property professionals make informed decisions.
Buying at auction
25/03/2026
The Most Important Document in the Legal Pack? The One That’s Missing.
Legal packs are often treated as the definitive source of truth in a property transaction. But in reality, they are anything but complete. While they provide essential information, they are built to meet minimum requirements - not to offer full transparency. And in many cases, it’s not what’s included that creates risk, but what’s missing.
Buying at auction
24/03/2026
Guide Prices: Why Buyers Should Treat Them as a Guide to the Reserve
Guide prices are one of the most misunderstood elements of the auction process. Too often, buyers treat them as an indication of a property’s value, when in reality they are designed to signal something entirely different, the likely reserve. In an increasingly competitive and dynamic auction market, understanding this distinction is critical to making informed decisions and avoiding costly assumptions.