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Hallelujah! Auction House sells 2,000th lot this year

The Negotiator

Auctioned property imageAuction House reported a busy and profitable August, with a success rate of 82 per cent – five percentage points ahead of 2015’s figure of 77 per cent – and a month which included the sale of the group’s 2,000th property this year.

The auctioneer held seven sales across the country, selling 113 lots from 137 offered, raising £12m. Cumulative results are also ahead of last year; sales in the first eight months of 2016 totalled 2,044 lots, at a cumulative success rate of 78 per cent, raising over £275m.

A success rate of 82% with 113 lots sold and revenues of £12m make a total of £275m so far in 2016.

The 2,000th property sold was Kirk House & Old Manse in Laurencekirk, Aberdeenshire (pictured), with five bedrooms in the former church and four bedrooms in the manse next door, which sold at Auction House Scotland’s auction in Glasgow on 25th August, for £390,000.

Director Roger Lake said, “This is another set of excellent figures during a challenging time for the industry, but we are now getting back to usual volumes.”

November 2, 2016

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