Throughout the past decade we have heard every possible reason as to why someone would not buy or sell through auction so we are here to dispel the urban myths and common misconceptions of auctions – both property and the wider auction world…..as well as some fun facts that many will have believed are true…..including us!
Here are 5 of our favourite lots we been involved with in recent years – all proving this misconception is inaccurate:
The most expensive property to ever sell at auction in the UK was sold for £20,425,000 from a guide price of £16,000,000 which is 28% more than the starting price. We only take on properties that we believe to be desirable to our Buyers and if we get the pricing and marketing right from the outset, then anything can happen on auction day
Here we have a list of the 5 most expensive items sold at auction from various different categories
We are confident that the above item were not put to auction because the owners were desperate to sell but rather were extremely desirable to many different people who all placed a different value on them and therefore created a competitive bidding price