Auctions

Records broken at Network Auctions February auction

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2nd March 2016
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NAVA auction house of the year 2015, Network Auctions, enjoyed another successful sale in London on February 25th when a total of £7.7million of property successfully went under the hammer, breaking their previous record for sales values achieved.

A packed room at the Grosvenor House Hotel on Park Lane together with proxy, telephone and online bidding kept auctioneers Guy Charrison and Richard Worrall busy on the podium throughout the sale.

Star lots included:

Lot twenty four was a detached house in Christchurch which sold for £310,000; forty five thousand pounds above the guide price.

Lot sixty four was an unusual leasehold roof space with potential which sold for £57,000. More than double the guide price of £25,000.

The highest price achieved was for lot thirty nine, a freehold investment property which achieved a sale price of £980,000; one hundred and five thousand pounds above the guide price.

With lots included from thirteen of Network Auctions partner agents and covering twenty six counties across the UK there was wide cross section of properties for investors and others to purchase. This followed a highly successful conference held in January which galvanised Network Auctions’ partner agents to produce a record number of lots for the catalogue.

Network Auctions Managing Director Toby Limbrick said: “The total value of property sold was a record for Network Auctions and we were delighted with breaking our previous best total.The second day of Network Auctions’ sale is on March 2nd in Birmingham in conjunction with Pennycuick Collins where a further twenty three lots will go under the hammer.”

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