Essential Auction News
Welcome to the October newsletter that looks back at auction activity in September and preceding periods. Overall, September saw 25 of the measurable metrics increase and 11 decrease. Whilst the number of lots offered and sold was down 3%, the percent sold rose slightly to 78.1% and the amount raised increased by 15% to £539.5M.
Looking back at recent years, the amounts raised were: Sept 2020 - £469M & Sept 2019 - £338M, a significant increase for 2021 in comparison. Much of the increase was due to an exceptionally busy commercial auction market, with £154M of sales compared with £107.8M in 2020. The recent gains helped push the overall amount raised for the quarter above £1.11bn, and our records show this is the highest amount recorded in Q3 since 2007 (£1.37bn).
The percent sold in both the residential and commercial markets remained largely comparable with the rates achieved last year, reaching the mid-to-late seventies. In the regions a wide variance is seen with some regions full of green ‘up arrows’, with others showing predominantly red ‘down arrows’.
As ever I would welcome any comments or feedback you may have regarding the newsletter or indeed the wider market in general.
Please note the newsletter can also be viewed online. |
|
Overall Statistics September 2021 |
| Auctions Held in the UK |
77 |
| Total Lots Offered |
2,943 |
| Total Lots Sold |
2,299 |
| Percent Sold |
78.1% |
| Total Realised |
£539,463,086 |
|
|
National Auction Analysis
OverallN.B. Figures in brackets denote the comparative period last year
|
September 2021 |
July 2021 to September 2021 |
October 2020 to September 2021 |
| Lots Offered |
2,943 (3,043) |
▼ 3.3% |
6,409 (6,248) |
▲ 2.6% |
25,121 (23,793) |
▲ 5.6% |
| Lots Sold |
2,299 (2,372) |
▼ 3.1% |
5,014 (4,959) |
▲ 1.1% |
19,763 (18,257) |
▲ 8.2% |
| Percent Sold |
78.1% (77.9%) |
▲ 0.3% |
78.2% (79.4%) |
▼ 1.5% |
78.7% (76.7%) |
▲ 2.6% |
| Total Raised |
£539.5M (£469.6M) |
▲ 14.9% |
£1,111.8M (£968.3M) |
▲ 14.8% |
£4,089.5M (£3,235.8M) |
▲ 26.4% |
ResidentialN.B. Figures in brackets denote the comparative period last year
|
September 2021 |
July 2021 to September 2021 |
October 2020 to September 2021 |
| Lots Offered |
2,498 (2,605) |
▼ 4.1% |
5,528 (5,378) |
▲ 2.8% |
22,067 (20,314) |
▲ 8.6% |
| Lots Sold |
1,959 (2,037) |
▼ 3.8% |
4,351 (4,272) |
▲ 1.8% |
17,349 (15,597) |
▲ 11.2% |
| Percent Sold |
78.4% (78.2%) |
▲ 0.3% |
78.7% (79.4%) |
▼ 0.9% |
78.6% (76.8%) |
▲ 2.3% |
| Total Raised |
£385.3M (£361.8M) |
▲ 6.5% |
£825.0M (£741.7M) |
▲ 11.2% |
£3,110.0M (£2,387.6M) |
▲ 30.3% |
CommercialN.B. Figures in brackets denote the comparative period last year
|
September 2021 |
July 2021 to September 2021 |
October 2020 to September 2021 |
| Lots Offered |
445 (438) |
▲ 1.6% |
881 (870) |
▲ 1.3% |
3,054 (3,479) |
▼ 12.2% |
| Lots Sold |
340 (335) |
▲ 1.5% |
663 (687) |
▼ 3.5% |
2,414 (2,660) |
▼ 9.2% |
| Percent Sold |
76.4% (76.5%) |
▼ 0.1% |
75.3% (79.0%) |
▼ 4.7% |
79.0% (76.5%) |
▲ 3.3% |
| Total Raised |
£154.2M (£107.8M) |
▲ 43.0% |
£286.8M (£226.6M) |
▲ 26.5% |
£979.6M (£848.2M) |
▲ 15.5% |
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)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
259 (266) |
▼ 2.6% |
215 (219) |
▼ 1.8% |
44 (47) |
▼ 6.4% |
| Lots Sold |
213 (207) |
▲ 2.9% |
176 (167) |
▲ 5.4% |
37 (40) |
▼ 7.5% |
| Percent Sold |
82.2% (77.8%) |
▲ 5.7% |
81.9% (76.3%) |
▲ 7.3% |
84.1% (85.1%) |
▼ 1.2% |
| Total Raised |
£44.8M (£42.0M) |
▲ 6.7% |
£29.1M (£27.9M) |
▲ 4.3% |
£15.8M (£14.1M) |
▲ 11.6% |
 East Midlands
(Includes Derbyshire, Leicestershire, Lincolnshire, Northamptonshire, Nottinghamshire, Rutland)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
466 (541) |
▼ 13.9% |
424 (457) |
▼ 7.2% |
42 (84) |
▼ 50.0% |
| Lots Sold |
373 (433) |
▼ 13.9% |
336 (371) |
▼ 9.4% |
37 (62) |
▼ 40.3% |
| Percent Sold |
80.0% (80.0%) |
▼ 0.0% |
79.2% (81.2%) |
▼ 2.5% |
88.1% (73.8%) |
▲ 19.4% |
| Total Raised |
£65.0M (£71.8M) |
▼ 9.5% |
£49.7M (£55.0M) |
▼ 9.8% |
£15.4M (£16.8M) |
▼ 8.4% |
 London
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
574 (602) |
▼ 4.7% |
541 (553) |
▼ 2.2% |
33 (49) |
▼ 32.7% |
| Lots Sold |
428 (481) |
▼ 11.0% |
405 (440) |
▼ 8.0% |
23 (41) |
▼ 43.9% |
| Percent Sold |
74.6% (79.9%) |
▼ 6.6% |
74.9% (79.6%) |
▼ 5.9% |
69.7% (83.7%) |
▼ 16.7% |
| Total Raised |
£205.3M (£213.7M) |
▼ 3.9% |
£184.2M (£173.2M) |
▲ 6.3% |
£21.2M (£40.6M) |
▼ 47.8% |
 North-East
(Includes Cleveland, County Durham, Northumberland, Tyne and Wear)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
361 (497) |
▼ 27.4% |
332 (468) |
▼ 29.1% |
29 (29) |
▼ 0.0% |
| Lots Sold |
282 (411) |
▼ 31.4% |
260 (387) |
▼ 32.8% |
22 (24) |
▼ 8.3% |
| Percent Sold |
78.1% (82.7%) |
▼ 5.6% |
78.3% (82.7%) |
▼ 5.3% |
75.9% (82.8%) |
▼ 8.3% |
| Total Raised |
£30.4M (£26.3M) |
▲ 15.2% |
£19.3M (£20.6M) |
▼ 6.4% |
£11.1M (£5.7M) |
▲ 92.4% |
 North-West
(Includes Cheshire, Cumbria, Isle of Man, Lancashire, Merseyside)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,148 (1,093) |
▲ 5.0% |
1,028 (964) |
▲ 6.6% |
120 (129) |
▼ 7.0% |
| Lots Sold |
844 (815) |
▲ 3.6% |
763 (719) |
▲ 6.1% |
81 (96) |
▼ 15.6% |
| Percent Sold |
73.5% (74.6%) |
▼ 1.5% |
74.2% (74.6%) |
▼ 0.5% |
67.5% (74.4%) |
▼ 9.3% |
| Total Raised |
£109.6M (£92.3M) |
▲ 18.7% |
£89.1M (£75.6M) |
▲ 17.9% |
£20.5M (£16.7M) |
▲ 22.5% |
 North-West Home Counties
(Includes Bedfordshire, Berkshire, Buckinghamshire, Hertfordshire, Middlesex, Oxfordshire)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
353 (375) |
▼ 5.9% |
308 (315) |
▼ 2.2% |
45 (60) |
▼ 25.0% |
| Lots Sold |
282 (295) |
▼ 4.4% |
248 (246) |
▲ 0.8% |
34 (49) |
▼ 30.6% |
| Percent Sold |
79.9% (78.7%) |
▲ 1.5% |
80.5% (78.1%) |
▲ 3.1% |
75.6% (81.7%) |
▼ 7.5% |
| Total Raised |
£89.6M (£80.6M) |
▲ 11.1% |
£63.5M (£65.1M) |
▼ 2.5% |
£26.0M (£15.4M) |
▲ 68.5% |
 Northern Ireland
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
2 (0) |
▲ n/a |
2 (0) |
▲ n/a |
0 (0) |
▼ n/a |
| Lots Sold |
2 (0) |
▲ n/a |
2 (0) |
▲ n/a |
0 (0) |
▼ n/a |
| Percent Sold |
100.0% (0.0%) |
▲ n/a |
100.0% (0.0%) |
▲ n/a |
0.0% (0.0%) |
▼ n/a |
| Total Raised |
£0.2M (£0.0M) |
▲ n/a |
£0.2M (£0.0M) |
▲ n/a |
£0.0M (£0.0M) |
▼ n/a |
 Scotland
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
40 (53) |
▼ 24.5% |
21 (22) |
▼ 4.5% |
19 (31) |
▼ 38.7% |
| Lots Sold |
32 (48) |
▼ 33.3% |
14 (18) |
▼ 22.2% |
18 (30) |
▼ 40.0% |
| Percent Sold |
80.0% (90.6%) |
▼ 11.7% |
66.7% (81.8%) |
▼ 18.5% |
94.7% (96.8%) |
▼ 2.2% |
| Total Raised |
£13.2M (£11.1M) |
▲ 18.8% |
£0.6M (£1.1M) |
▼ 41.7% |
£12.6M (£10.1M) |
▲ 25.3% |
 South-East Home Counties
(Includes East Sussex, Essex, Hampshire, Isle of Wight, Kent, Surrey, West Sussex, Channel Islands)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
1,056 (960) |
▲ 10.0% |
867 (801) |
▲ 8.2% |
189 (159) |
▲ 18.9% |
| Lots Sold |
807 (769) |
▲ 4.9% |
687 (641) |
▲ 7.2% |
120 (128) |
▼ 6.3% |
| Percent Sold |
76.4% (80.1%) |
▼ 4.6% |
79.2% (80.0%) |
▼ 1.0% |
63.5% (80.5%) |
▼ 21.1% |
| Total Raised |
£213.5M (£194.1M) |
▲ 10.0% |
£152.8M (£140.8M) |
▲ 8.5% |
£60.8M (£53.3M) |
▲ 14.0% |
 South-West
(Includes Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire, Isles of Scilly)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
522 (442) |
▲ 18.1% |
406 (341) |
▲ 19.1% |
116 (101) |
▲ 14.9% |
| Lots Sold |
437 (368) |
▲ 18.8% |
342 (285) |
▲ 20.0% |
95 (83) |
▲ 14.5% |
| Percent Sold |
83.7% (83.3%) |
▲ 0.5% |
84.2% (83.6%) |
▲ 0.7% |
81.9% (82.2%) |
▼ 0.4% |
| Total Raised |
£116.7M (£85.3M) |
▲ 36.8% |
£83.6M (£62.6M) |
▲ 33.5% |
£33.1M (£22.7M) |
▲ 45.9% |
 Wales
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
416 (354) |
▲ 17.5% |
326 (297) |
▲ 9.8% |
90 (57) |
▲ 57.9% |
| Lots Sold |
318 (268) |
▲ 18.7% |
245 (226) |
▲ 8.4% |
73 (42) |
▲ 73.8% |
| Percent Sold |
76.4% (75.7%) |
▲ 0.9% |
75.2% (76.1%) |
▼ 1.2% |
81.1% (73.7%) |
▲ 10.0% |
| Total Raised |
£50.2M (£33.6M) |
▲ 49.1% |
£30.7M (£22.6M) |
▲ 35.5% |
£19.5M (£11.0M) |
▲ 77.0% |
 West Midlands
(Includes Herefordshire, Shropshire, Staffordshire, Warwickshire, West Midlands, Worcestershire)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
735 (645) |
▲ 14.0% |
645 (587) |
▲ 9.9% |
90 (58) |
▲ 55.2% |
| Lots Sold |
608 (529) |
▲ 14.9% |
535 (484) |
▲ 10.5% |
73 (45) |
▲ 62.2% |
| Percent Sold |
82.7% (82.0%) |
▲ 0.9% |
82.9% (82.5%) |
▲ 0.5% |
81.1% (77.6%) |
▲ 4.5% |
| Total Raised |
£111.2M (£76.6M) |
▲ 45.2% |
£83.1M (£65.9M) |
▲ 26.1% |
£28.1M (£10.7M) |
▲ 162.7% |
 Yorkshire and The Humber
(Includes North Humberside, North Yorkshire, South Humberside, South Yorkshire, West Yorkshire)
| July 2021 to September 2021 |
Total |
Residential |
Commercial |
| Lots Offered |
477 (420) |
▲ 13.6% |
413 (354) |
▲ 16.7% |
64 (66) |
▼ 3.0% |
| Lots Sold |
388 (335) |
▲ 15.8% |
338 (288) |
▲ 17.4% |
50 (47) |
▲ 6.4% |
| Percent Sold |
81.3% (79.8%) |
▲ 1.9% |
81.8% (81.4%) |
▲ 0.5% |
78.1% (71.2%) |
▲ 9.7% |
| Total Raised |
£62.1M (£40.6M) |
▲ 52.9% |
£39.3M (£31.2M) |
▲ 26.2% |
£22.8M (£9.4M) |
▲ 141.3% |
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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