Record 215 lots in Bond Wolfe Auctions’ February sale

Bond Wolfe Auctions is to open its 2020 campaign with a record 215 lots in the auction and is the first ever 200-plus lots auction to be held outside of London.

The previous record of 172 lots was also set by the same team, a team that has been responsible for every 100-plus lot auction in the Midlands for the past ten years.

The Birmingham-based auctioneer, which was only launched in January 2019, held six 100-plus lot auctions in 2019, but the next auction to be held on Thursday 27 February will feature a record 215 lots.

Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “Since the hammer fell on the last of 165 lots offered in our December auction, interest in the next auction has just been phenomenal.

“I think there are a number of factors – sellers holding back in our first year to see how we performed now see that we are the number 1 auctioneers in the Midlands and a major national player. Interest is coming in from all over the UK and we will also be sending out a record number of catalogues before the auction.

“We can also see that since the General Election, confidence has surged back into the property market, and those who, similarly, were holding back to see which way the wind was blowing, are instructing us.

“Demand is also up from small to medium developers, with new starts on site being announced every day.

“But most important of all, sellers are instructing us because they are seeing remarkable results at each of our auctions.”

Since launching in January 2019, the company has sold an impressive 654 lots out of 751 lots offered in six auctions, an average success rate of 87% that has raised more than £81.4 million in sales.

This included an impressive 95% success rate in the most recent auction on 11 December when 151 lots were sold from the 159 offered – the highest sales rate for a Midlands auction for 15 years.

Every auction throughout 2019 has been packed with over 2,000 flocking through the doors during the December auction, and a large number of buyers logging in online and on the telephone from far and wide across the UK.

Birmingham City Council, West Midlands Police and most recently, Walsall Council, have instructed Bond Wolfe Auctions to sell land and property that is surplus to their requirements, and in the February auction, Sandwell Metropolitan Borough Council will also be offering four lots.

The February auction will see lots offered across the UK from as far afield as Wales and the north east of England.

The auction on Thursday 27 February will now start at the earlier time of 10am, in order to cater for the record number of lots to be offered on the day.

Anyone interested in the auctions or with properties for sale in future auctions should contact [email protected], call 0121 312 1212 or visit www.bondwolfe.com.