A move that mirrors the changing shape of the UK market
Managing director David Sandeman said: "We will start to list all online auction catalogues on the proviso that the auctioneer is happy to give us the results - good or bad." Conditional lots, which are more prevalent in online sales than in-room sales, will also be listed. The focus will be on UK auctions, but with the potential to grow outside that - particularly given the success of online auctions in Ireland, led by BidX1.
Sandeman added: "The market has changed. Ten to 12 years ago, every sale was binding on the fall of the hammer and contracts signed and exchanged in the room. then conditional sales started to come in and then online sales.
"In-room auctions will be here as long as people want them, they're great. But if vendors want to sell online, why not have both?"
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By Beth Fox