Essential Auction News

David Sandeman, Managing Director Welcome to April's newsletter which reports on auction activity in March 2010 and other related periods.

Despite the overall success rate dipping slightly to 69%, March 2010 proved a strong month as the number of lots offered and the total amounts realised both saw significant increases when compared with March 2009. The commercial sector in particular shows real signs of strength and returning market confidence, as total receipts increased on monthly, quarterly and yearly comparisons.

As always do contact me if you have any questions.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

As mentioned above, March 2010 produced a strong set of results for the auction market. Lots offered rose by almost 20% when compared to March 2009, and subsequently the amounts raised increased by 43% to over £353 million. Quarterly analysis shows an increase of 10% in totals realised to over £711 million, and this can be mainly attributed to the vast increases seen in the commercial market.

Total

Last Month Last Quarter Last Year
March 2010 March 2009 Increase January 2010 - March 2010 January 2009 - March 2009 Increase April 2009 - March 2010 April 2008 - March 2009 Increase
Lots Offered 3,042 2,538 19.9% 6,651 6,506 2.2% 29,850 36,395 -18.0%
Lots Sold 2,102 1,844 14.0% 4,717 4,813 -2.0% 22,056 23,754 -7.1%
Percent Sold 69.1% 72.7% -5.0% 70.9% 74% -4.2% 73.9% 65.3% 13.2%
Total Raised £353,571,875 £247,064,110 43.1% £711,518,166 £645,745,495 10.2% £3,448,027,381 £3,445,914,559 0.1%

Residential

Last Month Last Quarter Last Year
March 2010 March 2009 Increase January 2010 - March 2010 January 2009 - March 2009 Increase April 2009 - March 2010 April 2008 - March 2009 Increase
Lots Offered 2,355 2,101 12.1% 5,312 5,462 -2.7% 23,868 30,182 -20.9%
Lots Sold 1,620 1,517 6.8% 3,760 4,045 -7.0% 17,557 19,536 -10.1%
Percent Sold 68.8% 72.2% -4.7% 70.8% 74.1% -4.5% 73.6% 64.7% 13.8%
Total Raised £206,434,975 £163,058,260 26.6% £470,011,441 £458,670,485 2.5% £2,252,361,805 £2,426,294,176 -7.2%

Commercial

Last Month Last Quarter Last Year
March 2010 March 2009 Increase January 2010 - March 2010 January 2009 - March 2009 Increase April 2009 - March 2010 April 2008 - March 2009 Increase
Lots Offered 687 437 57.2% 1,336 1,044 28.0% 5,979 6,213 -3.8%
Lots Sold 482 327 47.4% 957 768 24.6% 4,499 4,218 6.7%
Percent Sold 70.2% 74.8% -6.1% 71.6% 73.6% -2.7% 75.2% 67.9% 10.8%
Total Raised £147,136,900 £84,005,850 75.2% £241,506,725 £187,075,010 29.1% £1,195,665,576 £1,019,620,383 17.3%


Regional Auction Analysis

As is usually the case, variations across all the measurable parameters can be seen across the regions.

East Anglia

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 249 158 57.6%
Lots Sold 159 110 44.5%
Percent Sold 63.9% 69.6% -8.2%
Total Raised £21,785,600 £22,987,350 -5.2%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 180 131 37.4%
Lots Sold 116 92 26.1%
Percent Sold 64.4% 70.2% -8.3%
Total Raised £14,398,100 £10,848,600 32.7%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 69 27 155.6%
Lots Sold 43 18 138.9%
Percent Sold 62.3% 66.7% -6.6%
Total Raised £7,387,500 £12,138,750 -39.1%


East Midlands

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 543 515 5.4%
Lots Sold 409 397 3.0%
Percent Sold 75.3% 77.1% -2.3%
Total Raised £48,275,874 £37,707,400 28.0%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 448 425 5.4%
Lots Sold 343 332 3.3%
Percent Sold 76.6% 78.1% -1.9%
Total Raised £31,993,624 £26,889,900 19.0%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 95 90 5.6%
Lots Sold 66 65 1.5%
Percent Sold 69.5% 72.2% -3.7%
Total Raised £16,282,250 £10,817,500 50.5%


London

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 899 764 17.7%
Lots Sold 708 636 11.3%
Percent Sold 78.8% 83.2% -5.3%
Total Raised £222,680,160 £153,019,950 45.5%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 751 699 7.4%
Lots Sold 588 587 0.2%
Percent Sold 78.3% 84% -6.8%
Total Raised £141,341,810 £125,369,950 12.7%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 148 65 127.7%
Lots Sold 120 49 144.9%
Percent Sold 81.1% 75.4% 7.6%
Total Raised £81,338,350 £27,650,000 194.2%


North-East

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 518 576 -10.1%
Lots Sold 264 341 -22.6%
Percent Sold 51% 59.2% -13.9%
Total Raised £24,932,400 £31,764,435 -21.5%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 474 537 -11.7%
Lots Sold 236 312 -24.4%
Percent Sold 49.8% 58.1% -14.3%
Total Raised £17,367,300 £27,991,375 -38.0%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 44 39 12.8%
Lots Sold 28 29 -3.4%
Percent Sold 63.6% 74.4% -14.5%
Total Raised £7,565,100 £3,773,060 100.5%


North-West

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 1,056 1,075 -1.8%
Lots Sold 738 729 1.2%
Percent Sold 69.9% 67.8% 3.1%
Total Raised £60,307,421 £75,565,725 -20.2%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 867 905 -4.2%
Lots Sold 608 617 -1.5%
Percent Sold 70.1% 68.2% 2.8%
Total Raised £44,032,371 £48,339,175 -8.9%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 189 170 11.2%
Lots Sold 130 112 16.1%
Percent Sold 68.8% 65.9% 4.4%
Total Raised £16,275,050 £27,226,550 -40.2%


North-West Home Counties

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 373 346 7.8%
Lots Sold 270 256 5.5%
Percent Sold 72.4% 74% -2.2%
Total Raised £62,876,325 £50,638,500 24.2%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 243 281 -13.5%
Lots Sold 179 209 -14.4%
Percent Sold 73.7% 74.4% -0.9%
Total Raised £35,931,000 £31,492,250 14.1%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 130 65 100.0%
Lots Sold 91 47 93.6%
Percent Sold 70% 72.3% -3.2%
Total Raised £26,945,325 £19,146,250 40.7%


Scotland

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 139 149 -6.7%
Lots Sold 91 95 -4.2%
Percent Sold 65.5% 63.8% 2.7%
Total Raised £9,378,351 £8,628,835 8.7%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 80 102 -21.6%
Lots Sold 47 62 -24.2%
Percent Sold 58.8% 60.8% -3.3%
Total Raised £3,299,401 £5,017,485 -34.2%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 59 47 25.5%
Lots Sold 44 33 33.3%
Percent Sold 74.6% 70.2% 6.3%
Total Raised £6,078,950 £3,611,350 68.3%


South-East Home Counties

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 733 823 -10.9%
Lots Sold 572 664 -13.9%
Percent Sold 78% 80.7% -3.3%
Total Raised £104,567,800 £99,688,650 4.9%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 549 661 -16.9%
Lots Sold 443 541 -18.1%
Percent Sold 80.7% 81.8% -1.3%
Total Raised £69,990,400 £66,119,900 5.9%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 184 162 13.6%
Lots Sold 129 123 4.9%
Percent Sold 70.1% 75.9% -7.6%
Total Raised £34,577,400 £33,568,750 3.0%


South-West

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 429 447 -4.0%
Lots Sold 308 376 -18.1%
Percent Sold 71.8% 84.1% -14.6%
Total Raised £41,138,299 £50,109,200 -17.9%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 325 311 4.5%
Lots Sold 226 255 -11.4%
Percent Sold 69.5% 82% -15.2%
Total Raised £31,136,799 £33,087,150 -5.9%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 104 136 -23.5%
Lots Sold 82 121 -32.2%
Percent Sold 78.8% 89% -11.5%
Total Raised £10,001,500 £17,022,050 -41.2%


Wales

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 439 402 9.2%
Lots Sold 300 290 3.4%
Percent Sold 68.3% 72.1% -5.3%
Total Raised £25,296,750 £27,006,550 -6.3%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 358 333 7.5%
Lots Sold 246 242 1.7%
Percent Sold 68.7% 72.7% -5.5%
Total Raised £18,925,250 £18,909,300 0.1%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 81 69 17.4%
Lots Sold 54 48 12.5%
Percent Sold 66.7% 69.6% -4.2%
Total Raised £6,371,500 £8,097,250 -21.3%


West Midlands

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 645 589 9.5%
Lots Sold 464 425 9.2%
Percent Sold 71.9% 72.2% -0.4%
Total Raised £47,671,926 £38,634,550 23.4%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 524 499 5.0%
Lots Sold 375 363 3.3%
Percent Sold 71.6% 72.7% -1.5%
Total Raised £32,564,676 £27,611,550 17.9%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 121 90 34.4%
Lots Sold 89 62 43.5%
Percent Sold 73.6% 68.9% 6.8%
Total Raised £15,107,250 £11,023,000 37.1%


Yorkshire and The Humber

Total
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 611 657 -7.0%
Lots Sold 426 491 -13.2%
Percent Sold 69.7% 74.7% -6.7%
Total Raised £42,172,760 £49,733,350 -15.2%


Residential
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 499 573 -12.9%
Lots Sold 345 430 -19.8%
Percent Sold 69.1% 75% -7.9%
Total Raised £28,596,210 £36,732,850 -22.2%


Commercial
January 2010 - March 2010 January 2009 - March 2009 Increase
Lots Offered 112 84 33.3%
Lots Sold 81 61 32.8%
Percent Sold 72.3% 72.6% -0.4%
Total Raised £13,576,550 £13,000,500 4.4%



Your Comments

If you would like to comment on anything in this email, or have any suggestions for future newsletters, we would like to hear from you. So please email us anytime.