Industry News

EIG Newsletter August 2018 - Essential Auction News

Publish Date: 22 August 2018

By Beth Fox

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EIG Newsletter August 2018 - Essential Auction News

Further reading

The Negotiator - Lots happening!

Auction News - EIG Newsletter Sept 2018

Essential Auction News

Welcome to the August newsletter that looks back at auction activity in July and preceding periods.

Whilst July is traditionally one of the busiest months in the auction calendar, there were only 132 auctions held across the UK last month - 12 fewer than last year and 36 fewer than in July 2016.
It is perhaps no surprise then to see numbers down on last year, with lots offered falling 2.8% to 3,555 lots, lots sold falling 7.1% to 2,578 lots and auction revenues down by over 10%, from £527M to £473M. It should be noted though that these falls are far less than those witnessed in June, when volumes fell by over 20% and revenues by 24%. 

Overall Statistics - August 2018

Auctions Held in the UK   132
Total Lots Offered             3,555 
Total Lots Sold                   2,578
Percent Sold                       72.5%
Total Realised                    £473,142,367 

National Auction Analysis

Residential lots offered and sold fell by 4.8% and 8.2% respectively, whilst total raised dropped £18M to £309M - down 8.3%. The commercial market saw an increase in lots offered; up 5.7% to 743 lots, but sales dipped by 2.2% and revenues fell 13.5% to £164M.

 

A word from the editor:  

As ever I would welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.

Kind regards,

David Sandeman 

 

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