Essential Auction News
Welcome to the first newsletter of 2021 that looks back at auction activity in December 2020 and preceding periods. December saw the total number of lots offered and sold decline by 14% and 12% respectively. Overall the percent sold and amount raised both saw a slight improvement. The residential sector saw a 7.2% increase in amount raised to £329.9M.
A review of the commercial results in the three time periods we cover show that the 4th quarter was a difficult period for the sector, as were to a lesser extent, the month of December and whole year. Notwithstanding we are currently in lockdown, with the rapid roll out of the vaccine, let's hope that we can start to return to an increasing degree of normality within a couple of months and that as an industry we can start to make up some of the lost opportunities.
Please note the newsletter can also be viewed online. |
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Overall Statistics December 2020 |
| Auctions Held in the UK |
75 |
| Total Lots Offered |
2,855 |
| Total Lots Sold |
2,220 |
| Percent Sold |
77.8% |
| Total Realised |
£436,877,355 |
|
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National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
December 2020 |
October 2020 to December 2020 |
January 2020 to December 2020 |
| Lots Offered |
2,855 (3,323) |
▼ 14.1% |
6,680 (7,884) |
▼ 15.3% |
22,699 (28,938) |
▼ 21.6% |
| Lots Sold |
2,220 (2,547) |
▼ 12.8% |
5,119 (5,909) |
▼ 13.4% |
17,658 (21,899) |
▼ 19.4% |
| Percent Sold |
77.8% (76.6%) |
▲ 1.6% |
76.6% (74.9%) |
▲ 2.3% |
77.8% (75.7%) |
▲ 2.8% |
| Total Raised |
£436.9M (£425.7M) |
▲ 2.6% |
£976.4M (£1,001.6M) |
▼ 2.5% |
£3,282.9M (£3,643.8M) |
▼ 9.9% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
December 2020 |
October 2020 to December 2020 |
January 2020 to December 2020 |
| Lots Offered |
2,540 (2,786) |
▼ 8.8% |
5,929 (6,591) |
▼ 10.0% |
19,717 (24,605) |
▼ 19.9% |
| Lots Sold |
1,980 (2,151) |
▼ 7.9% |
4,534 (4,953) |
▼ 8.5% |
15,300 (18,623) |
▼ 17.8% |
| Percent Sold |
78.0% (77.2%) |
▲ 1.0% |
76.5% (75.1%) |
▲ 1.9% |
77.6% (75.7%) |
▲ 2.5% |
| Total Raised |
£329.9M (£307.7M) |
▲ 7.2% |
£748.4M (£704.7M) |
▲ 6.2% |
£2,463.0M (£2,665.8M) |
▼ 7.6% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
December 2020 |
October 2020 to December 2020 |
January 2020 to December 2020 |
| Lots Offered |
315 (537) |
▼ 41.3% |
751 (1,293) |
▼ 41.9% |
2,982 (4,333) |
▼ 31.2% |
| Lots Sold |
240 (396) |
▼ 39.4% |
585 (956) |
▼ 38.8% |
2,358 (3,276) |
▼ 28.0% |
| Percent Sold |
76.2% (73.7%) |
▲ 3.4% |
77.9% (73.9%) |
▲ 5.4% |
79.1% (75.6%) |
▲ 4.6% |
| Total Raised |
£107.0M (£118.0M) |
▼ 9.3% |
£228.0M (£296.9M) |
▼ 23.2% |
£819.9M (£978.0M) |
▼ 16.2% |
Regional Auction Analysis
As is usually the case, variations across all the measurable parameters can be seen across the regions.
N.B. Figures in brackets denote the comparative period last year
 East Anglia
(Includes Cambridgeshire, Norfolk, Suffolk)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
279 (322) |
▼ 13.4% |
253 (252) |
▲ 0.4% |
26 (70) |
▼ 62.9% |
| Lots Sold |
214 (231) |
▼ 7.4% |
189 (180) |
▲ 5.0% |
25 (51) |
▼ 51.0% |
| Percent Sold |
76.7% (71.7%) |
▲ 7.0% |
74.7% (71.4%) |
▲ 4.6% |
96.2% (72.9%) |
▲ 32.0% |
| Total Raised |
£39.3M (£39.9M) |
▼ 1.5% |
£33.0M (£29.2M) |
▲ 12.8% |
£6.3M (£10.7M) |
▼ 40.7% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
527 (546) |
▼ 3.5% |
460 (452) |
▲ 1.8% |
67 (94) |
▼ 28.7% |
| Lots Sold |
397 (441) |
▼ 10.0% |
345 (365) |
▼ 5.5% |
52 (76) |
▼ 31.6% |
| Percent Sold |
75.3% (80.8%) |
▼ 6.8% |
75.0% (80.8%) |
▼ 7.2% |
77.6% (80.9%) |
▼ 4.1% |
| Total Raised |
£64.4M (£64.6M) |
▼ 0.3% |
£51.2M (£42.7M) |
▲ 19.9% |
£13.2M (£21.9M) |
▼ 39.8% |
 London
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
634 (526) |
▲ 20.5% |
589 (452) |
▲ 30.3% |
45 (74) |
▼ 39.2% |
| Lots Sold |
490 (421) |
▲ 16.4% |
453 (359) |
▲ 26.2% |
37 (62) |
▼ 40.3% |
| Percent Sold |
77.3% (80.0%) |
▼ 3.4% |
76.9% (79.4%) |
▼ 3.1% |
82.2% (83.8%) |
▼ 1.9% |
| Total Raised |
£207.2M (£186.7M) |
▲ 11.0% |
£171.1M (£145.2M) |
▲ 17.8% |
£36.1M (£41.4M) |
▼ 13.0% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
403 (849) |
▼ 52.5% |
384 (802) |
▼ 52.1% |
19 (47) |
▼ 59.6% |
| Lots Sold |
312 (585) |
▼ 46.7% |
298 (556) |
▼ 46.4% |
14 (29) |
▼ 51.7% |
| Percent Sold |
77.4% (68.9%) |
▲ 12.3% |
77.6% (69.3%) |
▲ 12.0% |
73.7% (61.7%) |
▲ 19.4% |
| Total Raised |
£24.1M (£41.5M) |
▼ 41.9% |
£21.1M (£34.6M) |
▼ 38.9% |
£3.0M (£6.9M) |
▼ 56.8% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
1,266 (1,303) |
▼ 2.8% |
1,137 (1,091) |
▲ 4.2% |
129 (212) |
▼ 39.2% |
| Lots Sold |
888 (981) |
▼ 9.5% |
794 (837) |
▼ 5.1% |
94 (144) |
▼ 34.7% |
| Percent Sold |
70.1% (75.3%) |
▼ 6.9% |
69.8% (76.7%) |
▼ 9.0% |
72.9% (67.9%) |
▲ 7.4% |
| Total Raised |
£102.6M (£108.1M) |
▼ 5.1% |
£79.7M (£77.0M) |
▲ 3.4% |
£22.9M (£31.1M) |
▼ 26.3% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
432 (390) |
▲ 10.8% |
371 (321) |
▲ 15.6% |
61 (69) |
▼ 11.6% |
| Lots Sold |
321 (304) |
▲ 5.6% |
269 (253) |
▲ 6.3% |
52 (51) |
▲ 2.0% |
| Percent Sold |
74.3% (77.9%) |
▼ 4.6% |
72.5% (78.8%) |
▼ 8.0% |
85.2% (73.9%) |
▲ 15.3% |
| Total Raised |
£96.7M (£79.6M) |
▲ 21.5% |
£63.2M (£57.7M) |
▲ 9.7% |
£33.5M (£21.9M) |
▲ 52.8% |
 Northern Ireland
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
1 (158) |
▼ 99.4% |
1 (127) |
▼ 99.2% |
0 (31) |
▼ 100.0% |
| Lots Sold |
0 (69) |
▼ 100.0% |
0 (61) |
▼ 100.0% |
0 (8) |
▼ 100.0% |
| Percent Sold |
0.0% (43.7%) |
▼ 100.0% |
0.0% (48.0%) |
▼ 100.0% |
0.0% (25.8%) |
▼ 100.0% |
| Total Raised |
£0.0M (£5.5M) |
▼ 100.0% |
£0.0M (£5.2M) |
▼ 100.0% |
£0.0M (£0.3M) |
▼ 100.0% |
 Scotland
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
42 (198) |
▼ 78.8% |
12 (149) |
▼ 91.9% |
30 (49) |
▼ 38.8% |
| Lots Sold |
28 (139) |
▼ 79.9% |
11 (96) |
▼ 88.5% |
17 (43) |
▼ 60.5% |
| Percent Sold |
66.7% (70.2%) |
▼ 5.0% |
91.7% (64.4%) |
▲ 42.4% |
56.7% (87.8%) |
▼ 35.4% |
| Total Raised |
£7.1M (£17.4M) |
▼ 59.2% |
£0.6M (£4.7M) |
▼ 86.3% |
£6.4M (£12.7M) |
▼ 49.1% |
 South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
968 (966) |
▲ 0.2% |
857 (802) |
▲ 6.9% |
111 (164) |
▼ 32.3% |
| Lots Sold |
740 (751) |
▼ 1.5% |
654 (619) |
▲ 5.7% |
86 (132) |
▼ 34.8% |
| Percent Sold |
76.4% (77.7%) |
▼ 1.7% |
76.3% (77.2%) |
▼ 1.2% |
77.5% (80.5%) |
▼ 3.7% |
| Total Raised |
£172.2M (£181.6M) |
▼ 5.2% |
£133.5M (£118.5M) |
▲ 12.7% |
£38.7M (£63.1M) |
▼ 38.7% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
441 (526) |
▼ 16.2% |
367 (402) |
▼ 8.7% |
74 (124) |
▼ 40.3% |
| Lots Sold |
372 (417) |
▼ 10.8% |
308 (316) |
▼ 2.5% |
64 (101) |
▼ 36.6% |
| Percent Sold |
84.4% (79.3%) |
▲ 6.4% |
83.9% (78.6%) |
▲ 6.7% |
86.5% (81.5%) |
▲ 6.1% |
| Total Raised |
£83.8M (£77.1M) |
▲ 8.7% |
£63.5M (£50.4M) |
▲ 26.0% |
£20.3M (£26.8M) |
▼ 24.0% |
 Wales
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
400 (507) |
▼ 21.1% |
337 (397) |
▼ 15.1% |
63 (110) |
▼ 42.7% |
| Lots Sold |
301 (366) |
▼ 17.8% |
255 (300) |
▼ 15.0% |
46 (66) |
▼ 30.3% |
| Percent Sold |
75.3% (72.2%) |
▲ 4.3% |
75.7% (75.6%) |
▲ 0.1% |
73.0% (60.0%) |
▲ 21.7% |
| Total Raised |
£36.8M (£43.3M) |
▼ 15.0% |
£25.6M (£30.0M) |
▼ 14.6% |
£11.2M (£13.3M) |
▼ 16.1% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
761 (879) |
▼ 13.4% |
693 (760) |
▼ 8.8% |
68 (119) |
▼ 42.9% |
| Lots Sold |
618 (671) |
▼ 7.9% |
565 (579) |
▼ 2.4% |
53 (92) |
▼ 42.4% |
| Percent Sold |
81.2% (76.3%) |
▲ 6.4% |
81.5% (76.2%) |
▲ 7.0% |
77.9% (77.3%) |
▲ 0.8% |
| Total Raised |
£84.8M (£96.8M) |
▼ 12.4% |
£66.6M (£72.0M) |
▼ 7.6% |
£18.2M (£24.7M) |
▼ 26.3% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| October 2020 to December 2020 |
Total |
Residential |
Commercial |
| Lots Offered |
526 (714) |
▼ 26.3% |
468 (584) |
▼ 19.9% |
58 (130) |
▼ 55.4% |
| Lots Sold |
438 (533) |
▼ 17.8% |
393 (432) |
▼ 9.0% |
45 (101) |
▼ 55.4% |
| Percent Sold |
83.3% (74.6%) |
▲ 11.7% |
84.0% (74.0%) |
▲ 13.5% |
77.6% (77.7%) |
▼ 0.1% |
| Total Raised |
£57.4M (£59.7M) |
▼ 3.8% |
£39.3M (£37.6M) |
▲ 4.4% |
£18.2M (£22.1M) |
▼ 17.8% |
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.
A word from the editor
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As ever I welcome any feedback you may have regarding the newsletters or indeed the wider market in general.
Kind regards
David Sandeman
davids@eigroup.co.uk
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