Industry News

EIG September 2017 Newsletter - Essential Auction News 

Publish Date: 21 September 2017

By Beth Fox

Share:

EIG September 2017 Newsletter - Essential Auction News 

Further reading

EIG August 2017 Newsletter - Essential Auction News   

EIG celebrate 20th Annual Auctioneers Lunch

Welcome to the September newsletter:

Looking back at auction activity in August and preceding periods 

As always August was a quiet month for the auction industry, with only 47 auctions held across the UK. Slight falls in lots offered (down 8.8%) and lots sold (down 7.5%) were offset by a 10% rise in total revenues (up £7M to £69M), however one shouldn't read too much into the figures due to the small sample set available. 

Overall Statistics August 2017

Auctions Held in the UK  47
Total Lots Offered            876 
Total Lots Sold                 620
Percent Sold                     70.8%
Total Realised                  £68,585,598

National Auction Analysis

In the residential sector, the rolling quarterly figures show only marginal changes compared to last year - lots offered fell 1.5% to 6,061 lots but lots sold increased 0.4% to 4,507 lots. The sale rate jumped over 2 percentage points to 74.4% which remains comparable to the long-term average.

In the commercial auction market, the rolling quarterly figures show a double-digit fall in lots offered; down 12.2% to 1,118 lots, however lot values have seemingly increased as commercial revenues jumped 11% to £228M over the same period.
 

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 

 

Receive the latest Essential Auction News straight to your inbox every month

Sign up here