Auction Data for October 2010


Essential Auction News

David Sandeman, Managing Director Welcome to the November newsletter, based around auction statistics for October sales. It is encouraging to see that the rolling quarterly and yearly figures are showing broadly positive growth, something we have seen over the past few months, though it is probably too early to call it a sustained recovery.

Looking forward, we have been very busy with November and December catalogues and I will be reporting in a month's time on the November sales.

As always I welcome comments on the above and any suggestions you may have for the future.

Kind regards

David Sandeman
Managing Director
davids@eigroup.co.uk

National Auction Analysis

October saw 160 auctions held across the country (170 in 2009), with 3,515 lots being offered, up 15.7% on 2009. The number of lots sold edged up as well by 1.8% to 2,241 lots whilst the amount raised was down on last year by 6.6% at just under £0.4 Billion.

Looking at the month on month figures for the two sectors, we see that the residential sector saw the highest growth, with lots offered up 17.9% and amount raised up 1.5%, whereas the number of commercial lots was up 8.9%, with the amount raised slipping 17.6%.


Total

Last Month Last Quarter Last Year
October 2010 October 2009 Increase August 2010 - October 2010 August 2009 - October 2009 Increase November 2009 - October 2010 November 2008 - October 2009 Increase
Lots Offered 3,515 3,038 15.7% 8,073 6,995 15.4% 31,382 30,669 2.3%
Lots Sold 2,241 2,201 1.8% 5,263 5,050 4.2% 21,625 22,583 -4.2%
Percent Sold 63.8% 72.4% -11.9% 65.2% 72.2% -9.7% 68.9% 73.6% -6.4%
Total Raised £394,388,174 £422,132,876 -6.6% £732,006,304 £772,058,765 -5.2% £3,305,649,719 £3,345,951,157 -1.2%

Residential

Last Month Last Quarter Last Year
October 2010 October 2009 Increase August 2010 - October 2010 August 2009 - October 2009 Increase November 2009 - October 2010 November 2008 - October 2009 Increase
Lots Offered 2,716 2,304 17.9% 6,528 5,680 14.9% 25,004 25,235 -0.9%
Lots Sold 1,709 1,653 3.4% 4,246 4,062 4.5% 17,136 18,525 -7.5%
Percent Sold 62.9% 71.7% -12.3% 65% 71.5% -9.1% 68.5% 73.4% -6.7%
Total Raised £247,208,124 £243,569,676 1.5% £526,251,404 £550,311,815 -4.4% £2,198,279,675 £2,264,204,770 -2.9%

Commercial

Last Month Last Quarter Last Year
October 2010 October 2009 Increase August 2010 - October 2010 August 2009 - October 2009 Increase November 2009 - October 2010 November 2008 - October 2009 Increase
Lots Offered 799 734 8.9% 1,545 1,315 17.5% 6,375 5,434 17.3%
Lots Sold 532 548 -2.9% 1,017 988 2.9% 4,489 4,058 10.6%
Percent Sold 66.6% 74.7% -10.8% 65.8% 75.1% -12.4% 70.4% 74.7% -5.8%
Total Raised £147,180,050 £178,563,200 -17.6% £205,754,900 £221,746,950 -7.2% £1,107,370,044 £1,081,746,387 2.4%


Regional Auction Analysis

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

East Anglia

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 256 245 4.5%
Lots Sold 182 169 7.7%
Percent Sold 71.1% 69% 3.0%
Total Raised £25,561,950 £20,929,150 22.1%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 214 208 2.9%
Lots Sold 152 139 9.4%
Percent Sold 71% 66.8% 6.3%
Total Raised £17,037,250 £17,012,150 0.1%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 42 37 13.5%
Lots Sold 30 30 0.0%
Percent Sold 71.4% 81.1% -12.0%
Total Raised £8,524,700 £3,917,000 117.6%


East Midlands

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 647 497 30.2%
Lots Sold 443 372 19.1%
Percent Sold 68.5% 74.8% -8.4%
Total Raised £42,930,975 £40,179,800 6.8%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 525 380 38.2%
Lots Sold 361 276 30.8%
Percent Sold 68.8% 72.6% -5.2%
Total Raised £32,324,475 £24,006,050 34.7%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 122 117 4.3%
Lots Sold 82 96 -14.6%
Percent Sold 67.2% 82.1% -18.1%
Total Raised £10,606,500 £16,173,750 -34.4%


London

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 937 872 7.5%
Lots Sold 679 726 -6.5%
Percent Sold 72.5% 83.3% -13.0%
Total Raised £220,521,350 £219,394,150 0.5%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 812 784 3.6%
Lots Sold 585 647 -9.6%
Percent Sold 72% 82.5% -12.7%
Total Raised £168,814,300 £163,113,750 3.5%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 125 88 42.0%
Lots Sold 94 79 19.0%
Percent Sold 75.2% 89.8% -16.3%
Total Raised £51,707,050 £56,280,400 -8.1%


North-East

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 646 483 33.7%
Lots Sold 337 281 19.9%
Percent Sold 52.2% 58.2% -10.3%
Total Raised £28,137,815 £28,436,875 -1.1%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 599 443 35.2%
Lots Sold 314 257 22.2%
Percent Sold 52.4% 58% -9.7%
Total Raised £22,627,815 £19,604,875 15.4%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 47 40 17.5%
Lots Sold 23 24 -4.2%
Percent Sold 48.9% 60% -18.5%
Total Raised £5,510,000 £8,832,000 -37.6%


North-West

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 1,417 1,168 21.3%
Lots Sold 895 766 16.8%
Percent Sold 63.2% 65.6% -3.7%
Total Raised £84,684,646 £68,814,589 23.1%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 1,039 929 11.8%
Lots Sold 662 602 10.0%
Percent Sold 63.7% 64.8% -1.7%
Total Raised £53,809,896 £46,783,839 15.0%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 378 239 58.2%
Lots Sold 233 164 42.1%
Percent Sold 61.6% 68.6% -10.2%
Total Raised £30,874,750 £22,030,750 40.1%


North-West Home Counties

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 355 402 -11.7%
Lots Sold 253 306 -17.3%
Percent Sold 71.3% 76.1% -6.3%
Total Raised £48,994,900 £66,550,250 -26.4%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 292 316 -7.6%
Lots Sold 211 236 -10.6%
Percent Sold 72.3% 74.7% -3.2%
Total Raised £35,209,150 £49,749,050 -29.2%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 63 86 -26.7%
Lots Sold 42 70 -40.0%
Percent Sold 66.7% 81.4% -18.1%
Total Raised £13,785,750 £16,801,200 -17.9%


Scotland

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 135 165 -18.2%
Lots Sold 87 84 3.6%
Percent Sold 64.4% 50.9% 26.5%
Total Raised £6,626,375 £6,802,250 -2.6%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 110 118 -6.8%
Lots Sold 72 60 20.0%
Percent Sold 65.5% 50.8% 28.9%
Total Raised £4,270,375 £4,588,750 -6.9%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 25 47 -46.8%
Lots Sold 15 24 -37.5%
Percent Sold 60% 51.1% 17.4%
Total Raised £2,356,000 £2,213,500 6.4%


South-East Home Counties

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 838 779 7.6%
Lots Sold 590 616 -4.2%
Percent Sold 70.4% 79.1% -11.0%
Total Raised £91,623,945 £105,315,759 -13.0%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 670 637 5.2%
Lots Sold 480 513 -6.4%
Percent Sold 71.6% 80.5% -11.1%
Total Raised £65,104,445 £82,145,509 -20.7%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 168 142 18.3%
Lots Sold 110 103 6.8%
Percent Sold 65.5% 72.5% -9.7%
Total Raised £26,519,500 £23,170,250 14.5%


South-West

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 617 599 3.0%
Lots Sold 396 452 -12.4%
Percent Sold 64.2% 75.5% -15.0%
Total Raised £55,722,750 £67,133,900 -17.0%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 450 418 7.7%
Lots Sold 270 302 -10.6%
Percent Sold 60% 72.2% -16.9%
Total Raised £35,254,700 £45,899,150 -23.2%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 167 181 -7.7%
Lots Sold 126 150 -16.0%
Percent Sold 75.4% 82.9% -9.0%
Total Raised £20,468,050 £21,234,750 -3.6%


Wales

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 671 494 35.8%
Lots Sold 394 329 19.8%
Percent Sold 58.7% 66.6% -11.9%
Total Raised £31,629,956 £33,767,650 -6.3%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 534 404 32.2%
Lots Sold 311 267 16.5%
Percent Sold 58.2% 66.1% -12.0%
Total Raised £20,685,706 £23,361,150 -11.5%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 137 90 52.2%
Lots Sold 83 62 33.9%
Percent Sold 60.6% 68.9% -12.0%
Total Raised £10,944,250 £10,406,500 5.2%


West Midlands

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 758 739 2.6%
Lots Sold 482 546 -11.7%
Percent Sold 63.6% 73.9% -13.9%
Total Raised £51,508,396 £68,172,742 -24.4%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 610 585 4.3%
Lots Sold 388 428 -9.3%
Percent Sold 63.6% 73.2% -13.1%
Total Raised £36,973,346 £44,034,242 -16.0%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 148 154 -3.9%
Lots Sold 94 118 -20.3%
Percent Sold 63.5% 76.6% -17.1%
Total Raised £14,535,050 £24,138,500 -39.8%


Yorkshire and The Humber

Total
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 688 548 25.5%
Lots Sold 484 399 21.3%
Percent Sold 70.3% 72.8% -3.4%
Total Raised £42,218,496 £46,272,650 -8.8%


Residential
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 565 454 24.4%
Lots Sold 399 331 20.5%
Percent Sold 70.6% 72.9% -3.2%
Total Raised £32,295,196 £29,724,300 8.6%


Commercial
August 2010 - October 2010 August 2009 - October 2009 Increase
Lots Offered 123 94 30.9%
Lots Sold 85 68 25.0%
Percent Sold 69.1% 72.3% -4.4%
Total Raised £9,923,300 £16,548,350 -40.0%


Your Comments

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