It’s been a record-breaking 3rd quarter for online auctioneer Bamboo. Estate agents and auctioneers who are using Bamboo Auctions technology to control and power their own online auction platforms, have enjoyed historic and record breaking months. Clive Emson Auctioneers, Fisher German, Hunters and Bradleys are among a large number of agents who have been successfully selling properties by online auction across the lockdown period with Bamboo’s technology.
Across all Bamboo platforms, over 5000 bidders have registered for online auctions in the last 3 months and agents have collectively sold almost £70m worth of property through their online auction platforms. Growth is continuing and Bamboo has almost 200 properties listed into November across all agent websites.
Robin Rathore, CEO of Bamboo Auctions said, “Online auctions are a great way to ensure certainty in the transaction. Whilst conveyancing is catching up on the backlog of transactions, properties sold by online auction already have legal packs in place and so are completing faster.
“Our customers have complete control of their own online auction platforms and don’t need to depend on outsourced providers for auction revenue.