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News Item - Market Confidence Remains Strong As October Auction Raises £3,184,500 (83%) - Auction Estates

  • Market Confidence Remains Strong As October Auction Raises £3,184,500 (83%) news item

    Market Confidence Remains Strong As October Auction Raises £3,184,500 (83%)

    Despite continued fears over a second lockdown and difficulties with securing bank funding, investor confidence remained resilient with Auction Estates raising an impressive £3,184,500 and an 83% success rate.

    Once again the auction was held behind closed doors with remote bidding only which lead to a high level of activity and competitive bidding from online, telephone and proxy bidders resulting in a number of record prices being achieved.

    A highlight of the auction was the sale of Lot 3, a former Social Club in Stoke-On-Trent guided at £80,000+ which achieved £225,000 following a bidding frensy from the remote bidders.

    We remain confident that this level of activity will continue through to our final sale of the year being held on 10th December of which entries are now being invited.  

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