Auction House – currently the UK’s biggest property auctioneer outside the capital – is to open a central London office after merging with Sutton Kersh Binstock.
It will be run by auctioneer Andrew Binstock, 35, managing director and co-founder of Sutton Kersh Binstock, who will be bringing his team with him to create Auction House London.
The company’s first sale in the city will take place on March 8 at the Danubius Hotel in Regents Park.
Auction House founding director Roger Lake said: “This is a landmark move for Auction House. The brand is already acknowledged as the fourth largest auctioneer in the country and the biggest outside London.
“Now we can bring the same level of service to the city as we’ve successfully delivered in the regions.”
Auction House sold over 1,000 properties last year, scoring a success rate of 75%.
Auction House UK was formed in July 2007 and now has 23 auction rooms across England and Wales, with over 100 auctions already scheduled for this year. The brand is aiming to grow its network of regional auctioneers from 23 to 50 over the next few years.
Meanwhile, the rival Network Auctions is also growing fast by recruiting more agents who use its services.
Recent firms to join Network Auctions include Aspect of north-west London, Forte Homes of east London, Lawsons in Suffolk and Sansome & George in Berkshire.
Staff from these and other firms recently attended a training seminar run by Guy Charrison, director of Network Auctions.
They join established partner firms holding 27 licences throughout the country who have already seen the benefits that an auction department can bring.
Comments
Buying property in an auction must be a nerve wracking experience. I would recommend people keep to thier financial constraints prior to the auction and don't get too carried away with all the excitement.
The clue to the interest in the NAEA is in the lack of posts.
Communication! How come as a Fellow I have to find that video from a link on a comment on a story on Estate agent Today
Ros, whilst I appreciate from what Henry says you have resigned. please can we open this as a proper story in its own right. If you are subject to a gagging order or compromise agreement that is another matter.
The executive board might not like what we have to say but if they want communication please provide us with a voice!
Ros, I hear you have resigned from your roles with NFoPP editing the NAEA and ARLA newsletters. What a great loss you will be to an organisation clearly wrestling with internal strife and divisions.
It was plain to see in the extraordinary video posted before Christmas (http://www.powershiftlive.com/video_stream_approval.php?video=NFOPP_Branchv2_Powershift_S.flv) that all was far from well within NAEA. Membership numbers seem to have fallen by as much as 4,000 and members appear to be 'disinterested' at best in what the organisation is doing. The ill-concieved licensing scheme announced last November seems to sum up how out of touch the officers on the bridge are.
I hope that ARLA isn't contaminated by the obvious problems festering within NAEA and that NFoPP appreciates that it is fast loosing the limited respect and good will that it may have had in the first place.
Perhaps it's time to accept that like cats, estate agents just don't like to be herded.