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Bond Wolfe Auctions Raises £17.5m in December Auction

Residential People has learned that Bond Wolfe Auctions‘ final sale of 2020 raised over £17.5 million.

The live-streamed auction on the 9th of December saw 158 out of 175 lots sold, making for an impressive success rate of 91%.

According to figures by the auctioneer, the run-up to the online auction saw strong interest with 573,045 website page views, 94,617 video tours watched and 21,777 people tuning in to watch the auction live on the day.

Commenting on the success of the auction, Gurpreet Bassi, Chief Executive of Bond Wolfe Auctions, said: “This shows that interest in our live-streamed auctions and demand for well-priced property continues. With a minimum of seven auctions in 2021, plus the launch of our stand-alone commercial auctions in the Spring, we are well placed for the coming 12 months.”

The auction got off to a flying start when the first lot, a double retail unit at 363-365 Dudley Road, Winson Green, offered on behalf of Birmingham City Council, sold for over three times its £250,000 guide price, eventually selling at £780,000.

Several other properties in the auction also sold for well above their guide price, including a 14 bedroom former care home at 15 Lyde Green offered with a guide price of £395,000+ and sold for £434,000.

Bond Wolfe Auctions’ next auction is due to take place on Wednesday, the 17th of February 2021, with the auctioneer again choosing to do an online event.

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