BidX1 raises £52.7 million in 2019

BidX1, a digital property marketplace, raised £4,980,800 from its December sale. This brings the total 2019 sales figure to £52,734,100, significantly higher than the £28.3 million raised by digital sales in 2018.

The December catalogue attracted visitors from 52 countries including Finland, Australia, Canada, Hungary, Denmark and Switzerland, resulting in 889 bids placed on 27 lots throughout the sales period. Of the bids, 23 per cent were generated through BidX1’s auto-bidding feature.

One of the most popular lots from the December sale and from throughout 2019 was a freehold house in East Dulwich, London. Listed at £600,000, the property received 92 bids and sold for £973,000, achieving 62 per cent over guide price.

BidX1 also sold all nine lots offered on behalf of the world’s leading outdoor advertising company, JC Decaux. The sites, located across Yorkshire and Scotland, received 413 bids achieving a combined sales figure 47 per cent above guide.

Oliver Childs, Head of Commercial Auctions, at BidX1, said: “BidX1 has had a strong finish to the year with good results from digital sales in 2019. Comparing year on year results, it is clear the engagement with our digital platform has significantly increased. This reflects the continued demand for transparency, analytics and global reach that our platform provides.”