West Midlands-based auction group, Bond Wolfe Auctions, has revealed the dates for their 2020 auctions, following on from a record-breaking 12 months of success.
Despite only launching in January of last year, Bond Wolfe successfully sold an impressive 654 lots out of 751 across its first six auctions. Averaging a success rate of 87%, the firm has raised more than £81.4 million in sales.
Bond Wolfe Auctions’ outstanding 2019 culminated with an impressive 95% success rate in their most recent auction on December 11th, when 151 our of 159 lots were sold. The near-perfect success rate produced the highest sales rate for a Midland auction in 15 years.
Commenting on the success of the auction, Bond Wolfe Auctions Chief Executive Gurpreet Bassi said: “We now hold the record for the most property lots ever sold in a Midlands auction, have recorded the highest sales rate since 2004 and are established as the region’s top auctioneer by some distance.
“Not only are we selling more than any other auctioneer in Birmingham, but we’re also constantly increasing the volumes of properties from across the wider West Midlands, the East Midlands, the north-west and northeast regions, and from as far afield as Wales and Scotland.
“We have raised more in sales than our nearest two competitors combined, a performance boosted by being appointed as exclusive property auctioneers for both Birmingham City Council and West Midlands Police.”
In addition to the sales success, Mr Bassi also won the ‘Young Leader’ trophy at TheBusinessDesk’s West Midlands Leadership Awards in November; meanwhile, the firm has also been shortlisted for ‘Excellence in Real Estate’, with Mr Bassi shortlisted for ‘Entrepreneur of the Year’ at The Signature Awards 2020, taking place on February 7th.
Bond Wolfe Auctions’ next event will be held at the usual location of Aston Villa Football Clubs’ Villa Park Stadium on Thursday, February 27th.
Mr Bassi confirmed that Bond Wolfe was considering opening additional auction events in other regions of the UK, however, due to the success and popularity of their previous events, these plans have been “shelved”. Mr Bassi explained: “We realised that a central UK location at the heart of the motorway network and with good rail connections to the north and south is perfect for most bidders, with many more joining us online and by telephone.”
Whilst a further nationwide presence and local auctions would surely prove even more financially rewarding for Bond Wolfe, the firm’s Managing Director Ian Tudor agrees that the central location is a proven “winning formula.”
Highlighting the success and overwhelming reception the Midlands-wide auction house has received, Ian said: “Our auction dates at Villa Park have quickly built up a fantastic reputation for residential lots, with commercial lots also becoming increasingly popular as the year progressed.
“With more political stability following the general election result, I think we will see the floodgates open as many businesses and landowners seek to maximise asset values in order to fund expansion plans.
“The auction route provides both certainty, and helps with cash flow planning, an essential ingredient of any growing business.”
At present, the team at Bond Wolfe Auctions are currently hard at work filtering through properties to choose which ones to bring to auction.
Bond Wolfe Auctions has planned six auctions for 2020, all to be held at 10:30 am at Villa Park, the list in full is below:
- Thursday, February 27th
- Wednesday, May 6th
- Thursday, July 16th
- Thursday, September 10th
- Thursday, October 22nd
- Thursday, December 10th