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Record Sales Continue for Auction House
Property auction sales are still hitting top prices, with Auction House reporting its most successful third quarter ever.
The auctioneers have recorded sales raising more than £42 million from 427 lots sold out of 541 lots offered. This showed a success rate of 79%, compared with the national average of 71%.
So far, this has been an exceptional year for Auction House, raising a total of £123 million in the nine months of 2011.
The success has been spread throughout the country. Auction House Norwich sold more than two thirds of its properties above their top guide price in the September auction; in Cumbria, the firm held slaes in both Carlisle and Ulverston on consecutive days, where the lots were divided between two locations in the county; and finally in Coventry and Warwickshire, Auction House Hawkins held their first sale, with a 100% success rate.
Roger Lake , founding director of Auction House, said: “Despite one of the bleakest economic summers the UK has ever experienced, these are our most impressive figures yet. What’s more, sales for the brand show no sign of slowing down with a predicted 415 lots being entered into auctions for October and November and another 200 lots in December.”
The auctioneers are confident they will exceed their target of selling 1,750 lots for the whole year.
